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by dijit 1567 days ago
I think it’s unfair to say they barely break even, if they do then it’s because they’ve decided to spend so much.

Looking externally at the company they’re listed as having 50,000-100,000 employees. That’s a lot of people to employ for a audio streaming service.

I also happen to know their cloud commitments (I know a guy) and they are large enough that it starts to make a lot of sense to invest into physical hardware.

I’m talking so much money per year that it rivals the GDP of some countries.

1 comments

>Looking externally at the company they’re listed as having 50,000-100,000 employees

Uhhhh. Do you mean Apple or Spotify? Spotify's 2021 Q4 press release says:

>At the end of Q4, our workforce consisted of 7,690 FTEs globally.

I actually meant Spotify, I must have misread something and I’m off by an order of magnitude, LinkedIn says 10,500~ people who have Spotify as an employee on LinkedIn: https://www.linkedin.com/company/spotify/