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Well I just googled and Valve has 1,139 employees, and Spotify will now have 7,800 - It's nowhere near 20x. Still a big gap, although I suspect they are very d
by Closi 3y ago
Well I just googled and Valve has 1,139 employees, and Spotify will now have 7,800 - It's nowhere near 20x.
Still a big gap, although I suspect they are very different offerings and companies. Differences include:
* Spotify needs to sell ads (to support it's free tier). This requires engineering and people to sell the ads.
* Spotify is in a more competitive market than Steam (who have a nearly de-facto monopoly) so more advertising/marketing effort is required.
* Interfacing with the entire global music industry takes time and resource.
There may also be differences to the extent these companies outsource and use contractors which could make it more difficult to see actual headcount.
- pie420 3y agoSpotify is also a de facto monopoly.
- lotsofpulp 3y agoA monopoly of what? A few people’s podcasts?
- piva00 3y agoSpotify has ~30% of the market, Apple Music, Tencent, and Amazon have each ~13%, YouTube Music another ~9%. That's far from a monopoly...
- lotsofpulp 3y agoDidn’t even know Tencent had a music streaming service, but their numbers look amazing: https://www.macrotrends.net/stocks/charts/TME/tencent-music-entertainment-group/net-income https://www.macrotrends.net/stocks/charts/TME/tencent-music-... I presume they don’t have to pay rent to a few big copyright holders like Spotify does.