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Spotify re-invented the radio
(lemmy.world)
Can't even seek through songs.
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this post was submitted on 17 Oct 2023
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The point is they haven't turned a profit even with people having premium. So what's the reason for them to exist
This is the case with a lot of companies. Facebook didn't turn a profit for 10 years or something that sounds equally crazy.
That's more or less the problem (one of many problems I suppose). Companies seem to think it's a good business model to burn money collecting a user base and then turn all their free users into paying users down the line.
Think drug dealers. They wanna be that.
The analogy to a drug dealer is on point. They're relying on users being hooked on their dopamine outlet.
I'm still waiting on porn to pull the rug and take away my good times
it's like this to eliminate competition, any alternative has to fund marketing costs + unsustainable pricing, while Spotify will be running their ponzi scheme, effectively leveraging their market position.
I'm absolutely not defending Spotify or any other capitalist entity, but profit by no means constitutes a reason to exist. I know plenty of people who have never turned a profit and in fact accrued debt who are far more valuable than any executive at Spotify.
I just don't give a shit if Spotify or any major labels exist. I buy records and merch from independent labels run by people that actually have a soul.
Don't use it if you don't like it.
Hurr durr can't criticize cause I like it hurr durr