costcofries
Joined 5 years ago
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Sep 30
Joined 5 years ago
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.