from Hacker News

Spotify passes 500M active users as operating losses deepen

by keeganjw on 4/26/23, 3:09 PM with 27 comments

• by fasteo on 4/26/23, 3:52 PM

  >>> In January, following similar moves by other tech industry giants, the streaming giant announced it was cutting around 600 jobs out of around 10,000.

  I would have guessed a total headcount of 2K-3K. Anybody has an idea of the approximate headcount by department ? 10K full time employees seem a lot to me.

• by jdalgetty on 4/26/23, 4:40 PM

  It blows my mind that a company can have 500M active users and still somehow lose money.

• by webinvest on 4/26/23, 5:00 PM

  $200M of that loss went to Joe Rogan.

• by Temporary_31337 on 4/26/23, 6:32 PM

  I tried to convince my son to try the spotify premium which is currently 3 months free trial. He said he does not need another service on top of YouTube premium and Apple Music even if it’s free. He’s not wrong. I’m not sure how a music only service can survive on its own- I often switch between videoclips, songs, podcasts with video or not, all on YouTube. Another app/service for just some of these things is not convenient.

• by barbariangrunge on 4/26/23, 4:33 PM

  Spotifys privacy practices are sketchy. I don’t care if they fail when the execs brag about being able to profile people based on their listening habits

• by two_handfuls on 4/26/23, 7:29 PM

  > passes 500M active users

  In which direction?