TL;DR
Spotify’s ‘profitability’ is built on exploiting artists and users. Don’t fall for the hype—it’s a classic case of corporate greed dressed as innovation.
Story
Spotify’s first profitable year? Sounds like a fantasy in this market. Don’t get fooled by the 10% stock pop—it’s a mirage in the desert of financial mirages.
How did they do it? Price hikes and cost-cutting, squeezing every penny from users and artists. Like a medieval landlord raising rents while slashing services. Classic corporate greed.
Impact? Artists get peanuts while executives cash in. Users? They face higher prices and a worse experience. It’s like paying more for a leaky roof.
Lessons? ‣ Profitability doesn’t equal value. Enron was profitable right before it imploded. ‣ Don’t trust hype. Remember the dot-com bubble? Same song, different dance. ‣ Beware of ‘growth at all costs.’ It’s often followed by ‘collapse at all costs.’
Think Spotify’s success story is the real deal? I’ve got a bridge to sell you. It’s made of NFTs.
‣ NFTs: Non-fungible tokens. Digital assets that are supposedly unique but often worthless. ‣ Dot-com bubble: A period of rapid growth and speculation in internet-based companies in the late 1990s, followed by a market crash. ‣ Enron: An energy company that collapsed in 2001 due to accounting fraud.
Advice
Don’t be seduced by headlines. Dig deeper, question everything, and remember: if it sounds too good to be true, it probably is.