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Spotify really is tiny. They make "a profit of €5m or less" -- http://www.guardian.co.uk/technology/2011/aug/28/spotify-on-track-first-profit http://www.guardia
by waitwhat 15y ago
Spotify really is tiny. They make "a profit of €5m or less" -- http://www.guardian.co.uk/technology/2011/aug/28/spotify-on-track-first-profit http://www.guardian.co.uk/technology/2011/aug/28/spotify-on-...
- chalst 15y agoYou are right, they are not big, but turnover (Eur 59mn) is the P&L metric that counts as a matter of size, not profit. Or you can have fun with GM having become massively negatively sized when it reported a $4.3bn loss in 2009...
- waitwhat 15y agoSure. And if you compare Spotify's turnover with that of the big dogs I mentioned earlier (Apple, Google, Amazon) with whom they are bound to eventually compete directly, they are still tiny.