But I thought this was Biden's fault?
nicetriangle
joined 2 years ago
They need to start actually jailing executives who are clearly culpable for this shit. Like real jail sentences. Fines mean nothing to these companies.
From what I understand that 70% they're paying artists is from "profit."
And from another comment in this thread:
Their last quarterly financial statements shows $65 million profit on $3.36 billion in revenue.
And then you have stuff like this:
https://techcrunch.com/2021/08/20/spotify-to-spend-1b-buying-its-own-stock/
So lets assume they make $65 million in profit every quarter between when that article came out and April 21 2026 (the period the article states they were doing buybacks). I count 18 quarters in that period. So if my math is correct that is $1.17 billion in "profit" in the same period of time they plan to do $1 billion in stock buybacks. But artists are only getting 70% of said profits. So that's about $819 million to artists in the same period of time Spotify is doing $1 billion in stock buybacks.
So we have a mega corporation playing creative accounting and doing stock buybacks instead of paying artists more. Classic.
Yeah dude is a piece of shit, but it's a bit disheartening seeing people cheer on stuff like this.
I like how in a thread discussing how Spotify had been lying about their cost structures you're continuing to take their word for how fairly they compensate artists.
Yeah same but Orion is legitimately running sponsor block, dark reader, and unlock origin for me. Tried it on YouTube tonight and zero ads for a few hours. I thought this was against Apple’s TOS for devs or something.
Holy shit I did not know there was a browser that ran extensions on iOS. Mind blown
edit: yep it works. this is crazy
Yeah the ripple effects are gonna throw people for a loop. Just wait until stuff like malaria or dengue fever gets a hold in first world countries. That'll be a lot of fun.
I'm sitting here watching Nvidia Shield, Amazon, and Windows, etc all cram ads into their shit and really reaaally hoping Apple doesn't break on this one.
I think they're recommending that you do something like firewall/piehole them
Nah if you start sticking these dudes in prison for 10 years when they're already in their 50s-60s, it's going to make a dent. That's a solid 30-50+% of the rest of their lives.