abbadon420@sh.itjust.works to Funny@sh.itjust.works · 9 天前"LLMs can do anything" except make positive cashflow.i.programmerhumor.ioimagemessage-square135linkfedilinkarrow-up11.27Karrow-down119cross-posted to: memes@feddit.cl
arrow-up11.26Karrow-down1image"LLMs can do anything" except make positive cashflow.i.programmerhumor.ioabbadon420@sh.itjust.works to Funny@sh.itjust.works · 9 天前message-square135linkfedilinkcross-posted to: memes@feddit.cl
minus-squareKairos@lemmy.todaylinkfedilinkarrow-up4·7 天前And Spotify was barely making a loss AND had a lot of revenue. They were just putting more capital into infrastructure, etc. instead of profits.
minus-squareAtomic@sh.itjust.workslinkfedilinkarrow-up1·7 天前Excuse me? From 2017 to 2022. Spotify lost an average of ~430 million euro per year. And they weren’t profitable from 2008 to 2016 either… -0.43 billion per year is not “barely making a loss”. But investors saw potential and they kept funding.
And Spotify was barely making a loss AND had a lot of revenue. They were just putting more capital into infrastructure, etc. instead of profits.
Excuse me? From 2017 to 2022. Spotify lost an average of ~430 million euro per year. And they weren’t profitable from 2008 to 2016 either… -0.43 billion per year is not “barely making a loss”. But investors saw potential and they kept funding.