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by twosdai
947 days ago
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Scale. A restaurant can only serve 100's or maybe 1000's of guests in a single day. Spotify has Millions of subscriptions. 2% at scale is significant. Here is their recent Q3 earnings report: https://newsroom.spotify.com/2023-10-24/spotify-reports-thir... Their revenue was 3.4 Billion Euros at 2% they can take away 68 Million dollars. Which is more than enough for the business to be viable. |
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