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Spotify has raised prices for the second time in a year, with no new benefits, after its CEO sparked outrage by claiming the cost of creating 'content' is 'close to zero' (www.techradar.com)

submitted 5 months ago by [email protected] to c/[email protected]

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[–] [email protected] 20 points 5 months ago (22 children)

Honestly €56 million in profit seems small for an operation as massive as Spotify that has so throughly saturated the market. That does not make it excusable at all. I’m just surprised to see that number.

[–] [email protected] 1 points 5 months ago (6 children)

But is that net or gross?

[–] [email protected] 4 points 5 months ago* (last edited 5 months ago) (5 children)

If it’s profit it’s net by definition. Gross can’t be profit. You’re thinking of revenue. Gross is total revenue before any costs deducted.

[–] [email protected] 1 points 5 months ago (1 children)

I dunno, my QuickBooks shows me gross and net profit. Gross profit is your income after you remove cost of goods sols (COGS). Net profit is what the org nets after everything else like payroll and other expenses.

[–] [email protected] 1 points 5 months ago

Yeah you right. Don’t bake and lemmy, folks

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