I mean I understand there are a lot of caveats to that statement. Like I said, just kind of a surprising number. A company as massive as Spotify can have its revenue shift 10 of millions easily within a year, which means with a little nudge they could easily become unprofitable.
It would be like, I don’t know, realizing after you’ve paid all of your bills and groceries everything you have $300 at the end of the month. Not a lot of wiggle room. This isn’t sympathy and the stakes aren’t the same lol, I’m just saying their margins are not as high as I would have suspected.
A cursory search shows me competing figures - 7000+ and 15000+ employees. Both are very, very large numbers. Id have guessed they make hundreds of millions a year, not mid-8 figures. That’s probably what their payroll runs for 3-6mo.
It would be like, I don’t know, realizing after you’ve paid all of your bills and groceries everything you have $300 at the end of the month. Not a lot of wiggle room
Well that depends… if I have only $300 at the end of the month but I have already paid every bill and allocated $1,000,000 for entertainment, another $1,000,000 for personal expenses, another $1,000,000 for pet services, etc etc etc… the $300 left mean nothing… why do I need “wiggle room” when I can not just wiggle but literally run in every direction until I get tired and still not hit any limits?
The relatively small profit margin is a PR strategy… one that is working well on you giving you the false impression the company is “tight” when in reality, they are milking every bit of it before you get to that figure.
I mean I understand there are a lot of caveats to that statement. Like I said, just kind of a surprising number. A company as massive as Spotify can have its revenue shift 10 of millions easily within a year, which means with a little nudge they could easily become unprofitable.
It would be like, I don’t know, realizing after you’ve paid all of your bills and groceries everything you have $300 at the end of the month. Not a lot of wiggle room. This isn’t sympathy and the stakes aren’t the same lol, I’m just saying their margins are not as high as I would have suspected.
A cursory search shows me competing figures - 7000+ and 15000+ employees. Both are very, very large numbers. Id have guessed they make hundreds of millions a year, not mid-8 figures. That’s probably what their payroll runs for 3-6mo.
Well that depends… if I have only $300 at the end of the month but I have already paid every bill and allocated $1,000,000 for entertainment, another $1,000,000 for personal expenses, another $1,000,000 for pet services, etc etc etc… the $300 left mean nothing… why do I need “wiggle room” when I can not just wiggle but literally run in every direction until I get tired and still not hit any limits?
The relatively small profit margin is a PR strategy… one that is working well on you giving you the false impression the company is “tight” when in reality, they are milking every bit of it before you get to that figure.
It’s not good PR because it makes me think they’re poorly structured and poorly allocating their money lol
if it makes you not buy into their subscription, then it’s poor PR… if it makes you think they are not greedy fucks, then it’s good PR
None of this impacts whether or not I pay them. It makes me think they are wasteful and greedy. Those are not mutually exclusive
if it makes you change your opinion of them but not enough to either pay them or stop paying them, then it means nothing to them