▲ 867 ▼ Google admits Spotify pays no Play Store fees because of a secret deal | TechCrunch (techcrunch.com) submitted 2 years ago by umami_wasbi@lemmy.ml to c/technology@lemmy.world 143 comments fedilink hide all child comments
[–] kpw@kbin.social 1 point 2 years ago (3 children) 70% of Spotify profits is a 'tiny tiny amount'? permalink fedilink source parent hideshow 6 child comments replies: [–] Bonehead@kbin.social 8 points 2 years ago Their last quarterly financial statements shows $65 million profit on $3.36 billion in revenue. So, yes. permalink fedilink source parent [–] GissaMittJobb@lemmy.ml 4 points 2 years ago 70% of profits would be miniscule, but the figure is not true so you can safely disregard everything they said. permalink fedilink source parent [–] Valmond@lemmy.mindoki.com 1 point 2 years ago Say they have 1 billion in potential profits. Wow heey look at all those CEOs, let's use 900.000.000 to raise their salaries, or use it to buy up some competitor! Uh oh, nothing left for the artists... except some well known ones who'll get a sweet deal. permalink fedilink source parent
[–] Bonehead@kbin.social 8 points 2 years ago Their last quarterly financial statements shows $65 million profit on $3.36 billion in revenue. So, yes. permalink fedilink source parent
[–] GissaMittJobb@lemmy.ml 4 points 2 years ago 70% of profits would be miniscule, but the figure is not true so you can safely disregard everything they said. permalink fedilink source parent
[–] Valmond@lemmy.mindoki.com 1 point 2 years ago Say they have 1 billion in potential profits. Wow heey look at all those CEOs, let's use 900.000.000 to raise their salaries, or use it to buy up some competitor! Uh oh, nothing left for the artists... except some well known ones who'll get a sweet deal. permalink fedilink source parent