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They invested the pandemic ZIRP bonanza on the 'transformative' IP that is podcasts. In lieu of actual profitability, they also chucked in $1bn to buy up their
by rchaud 3y ago
They invested the pandemic ZIRP bonanza on the 'transformative' IP that is podcasts.
In lieu of actual profitability, they also chucked in $1bn to buy up their own stock to maximize the CEO's already enormous compensation.
https://techcrunch.com/2021/08/20/spotify-to-spend-1b-buying-its-own-stock/ https://techcrunch.com/2021/08/20/spotify-to-spend-1b-buying...
- bogomipz 3y agoWow, it's pretty wild that an unprofitable company spent a billion dollars on share buybacks.