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> Since going public on the stock market in 2018, the company has lost money every year they don't even have a business model the whole thing is a massive sca
by anentropic 3y ago
> Since going public on the stock market in 2018, the company has lost money every year
they don't even have a business model
the whole thing is a massive scam that devalues music just to earn some VCs a big payout
it's like if I said I was going to "disrupt the supermarket industry" by giving away free food
- worble 3y ago> it's like if I said I was going to "disrupt the supermarket industry" by giving away free food Please don't give investors any ideas...
- fuzzfactor 3y agoToo late. There's a current TV commercial showing real customers' reactions to a promotional pop-up sample-tasting booth set up in a grocery store with all the little half-ounce cups for customers to try for themselves and see if they like it. These are sometimes like a marketing study for new products or variations. Now in each little cup is a toothpick sticking up from a rolled-up dollar bill, like it was a piece of artisan cheese or something. It's a commercial that candidly filmed a live promotion for a cashback app. Even then the customers were mostly hesitant.
- rchaud 3y agoThey made losses every single year, not just from 2018 on. Financialization of businesses has unmoored it even further from capitalism. You can be a billionnaire without ever turning a profit, as long as you can convince investors that the real money in a music streaming is acshually going to come from podcasts.