• echo64@lemmy.world
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    1 year ago

    this is a really helpful place to talk about how profits != revenue.

    So after spotify pays itself all the money it might want to take from subscriptions and ad revenue, you are left with the “profits” which now get split 30% in favour of spotify.

    • smeg@feddit.uk
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      1 year ago

      True, it’s all creative accounting to obfuscate what’s actually going on