Search results for "spotify"

Apple hit with deterrent $2 billion EU antitrust fine in Spotify case

BRUSSELS – Apple was hit with a 1.84-billion-euro ($2 billion) EU antitrust fine of on Monday, its first ever and comprising mostly a deterrent, for preventing Spotify and other music streaming services from informing users of payment options outside its App Store. The European Commission’s decision was triggered by a 2019 complaint by Swedish music […]

The Spotify Layoff Email, Through the Lens of a Staff Member

DANIEL EK (CEO): Team, Over the last two years, we’ve put significant emphasis on building Spotify into a truly great and sustainable business – one designed to achieve our goal of being the world’s leading audio company and one that will consistently drive profitability and growth into the future. While we’ve made worthy strides, as I’ve […]

Despite Overcapitalizing on Podcast Talent Spotify Predicts Profits

The guys at Spotify have learnt the hard way about podcast profitability. They’ve ploughed a billion dollars into building a podcast platform. But they’re still showing a loss. By overcapitalizing on podcasts, they’ve had to reduce their losses in other areas, the primary area being a 2% staff cut. But although posting a loss of […]