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submitted 6 months ago* (last edited 6 months ago) by wanderingmagus@lemm.ee to c/news@lemmy.world

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

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[-] towerful@programming.dev 85 points 6 months ago

I have finally stopped using Spotify.
Now using TIDAL and absolutely loving it. It's like what Spotify used to be, loads of great recommendations, much better audio quality, a bit cheaper, and I believe the artists get a better cut.
It's too good to last, but I'm going to enjoy it while it does

[-] soEZ@lemmy.world 8 points 6 months ago* (last edited 6 months ago)

Switched to tidal as got fedup with Spotify shit app quality, constant breaking when usieng Android auto, and glitching out when playing between pc/android. Tidal is better but missing things. My wife loves alexa integration..so she sticking with Spotify. I am enjoying tidal though. It just works evey time. Its clear why it stops playinga song, and so on. I would rather miss featurs then use buggy product. Spotify is full of random featurs and crap but its buggier then ever...

One other stark difference is the qulaity of of mixes and radio stations tidal puts together..spotify plays same stuff on loop basically, i rarely got anything good thats new and not promoted artist...with tidal i get a huge mix of artists in mymixes and radios, both new and old stuff..its been better for discovery then Spotify.

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this post was submitted on 24 Apr 2024
781 points (98.9% liked)

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