umami_wasabi@lemmy.ml to Technology@lemmy.worldEnglish · 1 year agoGoogle admits Spotify pays no Play Store fees because of a secret deal | TechCrunchtechcrunch.comexternal-linkmessage-square51fedilinkarrow-up1351arrow-down15cross-posted to: hackernews@lemmy.smeargle.fanshackernews@derp.foo
arrow-up1346arrow-down1external-linkGoogle admits Spotify pays no Play Store fees because of a secret deal | TechCrunchtechcrunch.comumami_wasabi@lemmy.ml to Technology@lemmy.worldEnglish · 1 year agomessage-square51fedilinkcross-posted to: hackernews@lemmy.smeargle.fanshackernews@derp.foo
minus-squarekpw@kbin.sociallinkfedilinkarrow-up3arrow-down2·1 year ago70% of Spotify profits is a ‘tiny tiny amount’?
minus-squareBonehead@kbin.sociallinkfedilinkarrow-up5arrow-down1·1 year agoTheir last quarterly financial statements shows $65 million profit on $3.36 billion in revenue. So, yes.
minus-squareGissaMittJobb@lemmy.mllinkfedilinkEnglisharrow-up3·1 year ago70% of profits would be miniscule, but the figure is not true so you can safely disregard everything they said.
minus-squareValmond@lemmy.mindoki.comlinkfedilinkEnglisharrow-up2arrow-down3·1 year agoSay they have 1 billion in potential profits. Wow heey look at all those CEOs, let’s use 900.000.000 to raise their salaries, or use it to buy up some competitor! Uh oh, nothing left for the artists… except some well known ones who’ll get a sweet deal.
70% of Spotify profits is a ‘tiny tiny amount’?
Their last quarterly financial statements shows $65 million profit on $3.36 billion in revenue. So, yes.
70% of profits would be miniscule, but the figure is not true so you can safely disregard everything they said.
Say they have 1 billion in potential profits.
Wow heey look at all those CEOs, let’s use 900.000.000 to raise their salaries, or use it to buy up some competitor!
Uh oh, nothing left for the artists… except some well known ones who’ll get a sweet deal.