When Spotify announced its largest-ever round of layoffs in December, CEO Daniel Ek hailed a new age of efficiency at the streaming giant. But four months on, it seems he and his executives weren’t prepared for how tough filling in for 1,500 axed workers would be.

The music streamer enjoyed record quarterly profits of €168 million ($179 million) in the first three months of 2024, enjoying double-digit revenue growth to €3.6 billion ($3.8 billion) in the process.

However, the company failed to hit its guidance on profitability and monthly active user growth.

Edit: Thanks to @Zerlyna@lemmy.world for the paywall-free link: https://archive.ph/wdyDS

you are viewing a single comment's thread
view the rest of the comments
[–] 20 points 2 years ago (3 children)

Yup I canceled my sub when they went exclusive with Joe Rogan. I'm not spending a penny to support that douche canoe.

  • source
  • parent
  • hideshow 6 child comments
  • [–] 3 points 2 years ago (1 child)

    Same... not super proud of switching over to YTM but definitely better than throwing money at Joe Rogan through Spotify.

    As with video streaming services, after a couple of great years during which I practically gave up self-hosted pirated content now I find myself going back to it as the servers enshitified beyond my tolerance... YTM is my last ditch attempt

  • source
  • parent
  • hideshow 2 child comments
  • [–] -2 points 2 years ago (1 child)

    Why don’t you like Joe Rogan?

  • source
  • parent
  • hideshow 2 child comments
  • [–] 1 point 2 years ago (1 child)

    Well he is a vaccine skeptic for one. And perhaps I don't hate Joe himself but his platform is full of misinformation that is taken at face value. He has guests on the show that people take as experts when they aren't. His dude-bro audience takes what he says as gospel and just makes things worse.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 0 points 2 years ago (1 child)

    What specific misinformation are you referring to?

  • source
  • parent
  • hideshow 2 child comments
  • [–] 1 point 2 years ago (1 child)

    Covid misinformation for example.

  • source
  • parent
  • hideshow 2 child comments