4 ms·

Layoffs are so in vogue. What a strange time we live in.

by geraldwhen 3y ago

WXLCKNO 3y ago
Gotta increase that shareholder value somehow. Oh wait it's already at all time highs? Strange.
- dboreham 3y ago
  Goes to 11..
- magicmicah85 3y ago
  Spotify hasn’t made a profit in years. At some point, you have to start making the hard decisions and let people go - but not Joe Rogan, they still need to pay him $250 million while letting his content go to other platforms. Spotifys business model makes no sense to me.
  - bsdpufferfish 3y ago
    The Joe Rogan scapegoat is silly. Just a few months ago HN was talking about how much of a business disaster it was. And here Spotify just renewed it.
    - kasey_junk 3y ago
      Is that evidence that it’s a good deal? From the outside Spotify doesn’t seem like a company that makes good financial decisions. The Rogan deal seems central in that. Do they ever publish ad revenue or user stats by content. I’ve not seen it in their filings. And the new deal is on its face worse. They are paying the same for no exclusivity! I’m just not sure how to objectively judge the Rogan deal but it certainly seems very bad to me, an uninterested party.
      - bsdpufferfish 3y ago
        > Is that evidence that it’s a good deal? Yes. Evidence the old one was good. They had a Long time to think about it and clearly decided it’s worth even more. (And there is no interest free funny money)
        kasey_junk 3y ago
        If someone makes consistently bad decisions it seems strange to use their decisions as proof they make good decisions. Their decisions lead to them losing over 600m last year, despite having their best quarter ever.
        bsdpufferfish 3y ago
        Wow sounds like they are still growing! Of course we can’t know,but your assumption seems to be it’s bad because you don’t understand it.
        kasey_junk 3y ago
        My assumption is it’s bad because they lost more money than ever after signing the first one. I’d love to see what the argument _for_ it is. (Edit) sorry not losing more money than ever. They had a negative 700m quarter once.
- jsyang00 3y ago
  When you are hiring like crazy and the stock goes up, you keep hiring. When you are firing like crazy and the stock goes up, well...

Layoffs are so in vogue. What a strange time we live in.

WXLCKNO 3y ago

Gotta increase that shareholder value somehow. Oh wait it's already at all time highs? Strange.

dboreham 3y ago
Goes to 11..
magicmicah85 3y ago
Spotify hasn’t made a profit in years. At some point, you have to start making the hard decisions and let people go - but not Joe Rogan, they still need to pay him $250 million while letting his content go to other platforms. Spotifys business model makes no sense to me.
- bsdpufferfish 3y ago
  The Joe Rogan scapegoat is silly. Just a few months ago HN was talking about how much of a business disaster it was. And here Spotify just renewed it.
  - kasey_junk 3y ago
    Is that evidence that it’s a good deal? From the outside Spotify doesn’t seem like a company that makes good financial decisions. The Rogan deal seems central in that. Do they ever publish ad revenue or user stats by content. I’ve not seen it in their filings. And the new deal is on its face worse. They are paying the same for no exclusivity! I’m just not sure how to objectively judge the Rogan deal but it certainly seems very bad to me, an uninterested party.
    - bsdpufferfish 3y ago
      > Is that evidence that it’s a good deal? Yes. Evidence the old one was good. They had a Long time to think about it and clearly decided it’s worth even more. (And there is no interest free funny money)
      - kasey_junk 3y ago
        If someone makes consistently bad decisions it seems strange to use their decisions as proof they make good decisions. Their decisions lead to them losing over 600m last year, despite having their best quarter ever.
        bsdpufferfish 3y ago
        Wow sounds like they are still growing! Of course we can’t know,but your assumption seems to be it’s bad because you don’t understand it.
        kasey_junk 3y ago
        My assumption is it’s bad because they lost more money than ever after signing the first one. I’d love to see what the argument _for_ it is. (Edit) sorry not losing more money than ever. They had a negative 700m quarter once.
jsyang00 3y ago
When you are hiring like crazy and the stock goes up, you keep hiring. When you are firing like crazy and the stock goes up, well...