this post was submitted on 22 Dec 2023
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178
Spotify starts 'disinvesting' in France in response to new music-streaming tax (techcrunch.com)
submitted 10 months ago by throws_lemy@lemmy.nz to c/technology@lemmy.world
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[–] themurphy@lemmy.world 138 points 10 months ago (10 children)

Spotify is saying it's "a real blow to innovation".

Honestly wtf they on about. 1-2% tax on their massive multi million platform, and the tax goes directly to support music in the country.

Fuck Spotify.

[–] LazaroFilm@lemmy.world 55 points 10 months ago (1 children)

Spotify still can’t figure out how to make a profit even with all their subscribers. Theo the 1% tax adds to their loss. Still fuck Spotify.

[–] 8bitguy@kbin.social 20 points 10 months ago* (last edited 10 months ago)

I have a good idea of where they could have found about $200M.

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