181–190 of 232 posts
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Surprise surprise, employees lose out again. But I guess they were already in danger of getting nothing if this is the deal management struck.
Ya - sucks. I said this in a comment below, but also relevant here: capital > labor
Can anyone honestly enlighten me as to why Spotify matters? I've used it once and never got past finding anything to listen to while on SoundCloud I was drawn in without even thinking about it and have nearly 60 songs that I wouldn't have found otherwise. Not trolling, I want to find what they offer since I hear about them in the news way more than SoundCloud.
But I also mostly use Spotify to listen to music I already know and sometimes get recommend stuff I like, but that’s not the primary function.
Maybe our music listening habits are just completely different? I don’t think there is anything wrong with Spotify or SoundCloud, I just think different people have different preferences.
Spotify waste so much money on their employees, who effectively do very little. I know a designer who has been there 2 years, basically sits in meetings and gets sent to different countries, and has added nothing to their portfolio. Yet gets reviews and raises and bonuses... Then there's all the parties they host for their employees, etc. It's not a company I would invest in if I had any money to begin with. Also tha…
The modern desktop app is at a point where it's pretty solid, but I still miss that old 0.80.x branch or whatever the final non-chromium verison was. But you know what? Google doesn't have a desktop app for Google Music. Amazon doesn't have a desktop app for Amazon Prime. Apple doesn't have a desktop version... so yeah, despite the fact that Spotify's only-one-in-the-business desktop app isn't perfect, it does exist.…
iTunes?
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The modern desktop app is at a point where it's pretty solid, but I still miss that old 0.80.x branch or whatever the final non-chromium verison was. But you know what? Google doesn't have a desktop app for Google Music. Amazon doesn't have a desktop app for Amazon Prime. Apple doesn't have a desktop version... so yeah, despite the fact that Spotify's only-one-in-the-business desktop app isn't perfect, it does exist.…
Pretty solid is a bit of an exaggeration in my case. About once a day, my MacBook's fans start spinning like crazy. By now I know... oh, it's "Spotify Helper" stuck in a loop again, lemme force quit it. Before I reinstalled, instead Spotify would show me "there's a new version!" every single day, seemingly without upgrading anything. These serious quality issues, plus the horrifying visual ads (for playlists and new…
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All out war for streaming customers with apple and google. Someone is going to collect $10 (plus $1 or $2 increase every couple years) per month for a huge segment of the music listening population for basically the rest of our lives. Spotify want it to be them.
Is there any reason to think that this market is a winner take all? The labels will do anything to prevent another Apple arising including backing any upstart that wants to challenge the big players. When you are just a middle man it is hard to create a monopoly.
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The modern desktop app is at a point where it's pretty solid, but I still miss that old 0.80.x branch or whatever the final non-chromium verison was. But you know what? Google doesn't have a desktop app for Google Music. Amazon doesn't have a desktop app for Amazon Prime. Apple doesn't have a desktop version... so yeah, despite the fact that Spotify's only-one-in-the-business desktop app isn't perfect, it does exist.…
Pretty solid is a bit of an exaggeration in my case. About once a day, my MacBook's fans start spinning like crazy. By now I know... oh, it's "Spotify Helper" stuck in a loop again, lemme force quit it. Before I reinstalled, instead Spotify would show me "there's a new version!" every single day, seemingly without upgrading anything. These serious quality issues, plus the horrifying visual ads (for playlists and new…
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It's debt but it's pretty clearly meant to convert into equity not be re-paid.
Spotify will never be worth enough for that converted equity to be worth the cost.
Not sure why it's so devilish. They basically raised $1B in cash on a 20% discount, no valuation cap. Basically, they're agreeing with the investors that they can't figure out a valuation for the company -- so they're deferring that until an IPO and have the public market sets the valuation. There's a lot of bellyaching here about the dilution for the existing shareholders. But I don't see how that's any different fr…
> the reality is that no institutional investor can sell a 10% (or whatever) stake in a public company overnight They can, however, sell much of it during the 3 month head start they will have over everyone else.
I agree it has to have some diluting effect, but if this capital is the difference between a successful IPO and a failed one, I'm not sure how you argue it represents a loss of value to employees.
Jesus Christ, that's not clickbait, those really are devilish terms. It's debt, they lose $200MM of shares at the time of IPO, and they very well could end up paying 15% interest yearly on this. And when the IPO happens, if it follows the general IPO trend and tanks at first, it's very possible TPG and Dragoneer will want to get out -- dumping 1.2 billion of Spotify onto the market and absolutely destroying the share…