Spotify passes 500M active users as operating losses deepen

by keeganjwon 4/26/2023, 3:09:27 PM with 6 comments
  • by fasteoon 4/26/2023, 3:52:36 PM

    >>> In January, following similar moves by other tech industry giants, the streaming giant announced it was cutting around 600 jobs out of around 10,000.

    I would have guessed a total headcount of 2K-3K. Anybody has an idea of the approximate headcount by department ? 10K full time employees seem a lot to me.

  • by jdalgettyon 4/26/2023, 4:40:35 PM

    It blows my mind that a company can have 500M active users and still somehow lose money.

  • by webinveston 4/26/2023, 5:00:37 PM

    $200M of that loss went to Joe Rogan.

  • by Temporary_31337on 4/26/2023, 6:32:57 PM

    I tried to convince my son to try the spotify premium which is currently 3 months free trial. He said he does not need another service on top of YouTube premium and Apple Music even if it’s free. He’s not wrong. I’m not sure how a music only service can survive on its own- I often switch between videoclips, songs, podcasts with video or not, all on YouTube. Another app/service for just some of these things is not convenient.

  • by barbariangrungeon 4/26/2023, 4:33:27 PM

    Spotifys privacy practices are sketchy. I don’t care if they fail when the execs brag about being able to profile people based on their listening habits

  • by two_handfulson 4/26/2023, 7:29:59 PM

    > passes 500M active users

    In which direction?