[costcofries]

This is a really poor article and business insider is almost blinding to try to read but anyhow.. for the last few years we've been too accustomed to throwing money at problems, as opposed to thinking about the deeper rooted systematic causes and fixing those. This is now rapidly changing, right across the board, and it's fantastic.

Spotify at this stage of growth has a complex problem, they can either raise prices to squeeze more juice (something they are doing), or they can figure out new ways to attract more paying people, continuously while also curbing churn.

I'm not surprised that they are downsizing, cutting operating costs to maintain a sustainable business under the pressures they are facing is the first place I'd start too. Perhaps I'd take on some more accountability than Ek, yes that's for certain.

[ilrwbwrkhv]

The problem is music labels have Spotify by their balls. They don't give them good contracts and Spotify is stuck with the pricing because the other music streaming services are almost commodities at this point.