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It’s not been a great week for feeling warm and fuzzy about thebest music streaming services.
WhileAmazonisbusily degrading its Prime Video serviceto try and get more cash from customers and Warner Bro.
Nor would you expect an outpouring of Reddit threads and tweets questioning how you could possibly get the axe.
But thats how fans reacted when they heard McDonalds fate."
Given the sheer scale of Spotify’s layoffs and cost-cutting you’d think it was in dire financial straits.
But it isn’t.
Quite the opposite, in fact.
Revenues were up 16% year on year to $3.99 billion for the quarter.
Spotify’s core job isn’t to help you find brilliant music.
It’s to make shareholders and executives money, and it does thatbrilliantly.
