abbadon420@sh.itjust.works to Funny@sh.itjust.works · 1 month ago"LLMs can do anything" except make positive cashflow.i.programmerhumor.ioimagemessage-square132fedilinkarrow-up11.19K
arrow-up11.19Kimage"LLMs can do anything" except make positive cashflow.i.programmerhumor.ioabbadon420@sh.itjust.works to Funny@sh.itjust.works · 1 month agomessage-square132fedilink
minus-squareKairos@lemmy.todaylinkfedilinkarrow-up3·1 month agoAnd 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-up1·1 month agoExcuse 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.