this post was submitted on 17 Oct 2023
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1685
Spotify re-invented the radio (lemmy.world)
submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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Can't even seek through songs.

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[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

You can’t expect to listen to music for free when license holders charge ridiculous fees.

Except I can - there are amazing artists out there releasing their music for free.

Spotify is losing money

Then why are they still in business? Oh, that's right - because that's bullshit. The make-believe capital of the company may not be increasing, but I'll bet you the owners are lining their pockets.

[–] [email protected] 1 points 1 year ago

They are a public company that was $4B negative free cash flow last year. The employees get paid, but I’d love for you to describe the mechanism where a board member derives value when the stock has tanked over the past two years unless you are saying that they are shorting it, which would be public information and get them kicked off the board typically.