jeffw@lemmy.world to Technology@lemmy.worldEnglish · 2 years agoOpenAI, valued at $157 billion, isn't profitable. Should that be normal?www.salon.comexternal-linkmessage-square40linkfedilinkarrow-up1236arrow-down11
arrow-up1235arrow-down1external-linkOpenAI, valued at $157 billion, isn't profitable. Should that be normal?www.salon.comjeffw@lemmy.world to Technology@lemmy.worldEnglish · 2 years agomessage-square40linkfedilink
minus-squaremrvictory1@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down1·2 years agoSpotify hasn’t made a profit at all since its inception afaik.
minus-squareOhVenus_Baby@lemmy.mllinkfedilinkEnglisharrow-up1·2 years agoNo way with their user base being so massive they are net loss. Can’t be true
minus-squaremrvictory1@lemmy.worldlinkfedilinkEnglisharrow-up0·2 years agoLabels take %70 of royalties, leaving Spotify %30. Also they dropped a lot of momey into podcasts. https://www.businessofapps.com/data/spotify-statistics/
minus-squareOhVenus_Baby@lemmy.mllinkfedilinkEnglisharrow-up1·2 years agoThat is absolutely wild. These really aren’t businesses if they aren’t profitable and sustainable cash flow wise. When the money dries up your screwed. Hard times define the company not the peaks.
Spotify hasn’t made a profit at all since its inception afaik.
No way with their user base being so massive they are net loss. Can’t be true
Labels take %70 of royalties, leaving Spotify %30. Also they dropped a lot of momey into podcasts. https://www.businessofapps.com/data/spotify-statistics/
That is absolutely wild. These really aren’t businesses if they aren’t profitable and sustainable cash flow wise. When the money dries up your screwed. Hard times define the company not the peaks.