umami_wasabi@lemmy.ml to Technology@lemmy.worldEnglish · 7 months agoGoogle admits Spotify pays no Play Store fees because of a secret deal | TechCrunchtechcrunch.comexternal-linkmessage-square116fedilinkarrow-up1832arrow-down19cross-posted to: technology@lemmy.zip
arrow-up1823arrow-down1external-linkGoogle admits Spotify pays no Play Store fees because of a secret deal | TechCrunchtechcrunch.comumami_wasabi@lemmy.ml to Technology@lemmy.worldEnglish · 7 months agomessage-square116fedilinkcross-posted to: technology@lemmy.zip
minus-squarekpw@kbin.sociallinkfedilinkarrow-up3arrow-down2·7 months ago70% of Spotify profits is a ‘tiny tiny amount’?
minus-squareBonehead@kbin.sociallinkfedilinkarrow-up7arrow-down1·7 months agoTheir last quarterly financial statements shows $65 million profit on $3.36 billion in revenue. So, yes.
minus-squareGissaMittJobb@lemmy.mllinkfedilinkEnglisharrow-up5arrow-down1·7 months 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-up5arrow-down3·7 months 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.