The Mainstream Media Talks About Spotify Share Price and Price Hikes, Not Its Debt Increasing by About 33% in Just 12 Months
Spotify is a DRM company. Spotify is also a surveillance company. Spotify has had many layoffs. Now it passes the costs to its so-called 'customers' (subscribers). What the media isn't really telling people, based on our assessment, is that the company borrowed about a billion dollars this past year (bribing a bunch of overhyped podcasters is neither cheap nor sustainable; it can also be very harmful) and there are probably many more layoffs on their way.
Spotify isn't a company in good shape. The MSM (Mainstream Media) wants us to think that companies with about 30 billion dollars in debt and operating loss of almost 10 billion dollars a year are "worth" trillions [1, 2]. Those "journalists" lie to us. They are, in effect, complicit in the scam and profit from the scam; they participate in the scam for revenue (without disclosing that their enthusiasm is self-serving and financially beneficial to themselves), as we explained yesterday. █