Quote:
Originally Posted by For The Love of Music
Just read it was valued at $8.4B when it raised $400M in 2015, and now valued at $29B.
159M ad supported free listeners and 70M paid users.
Revenue of $5B, loss of $1.5B
The illusion is selling the listeners paid or not as an asset and not understanding or knowing a balance sheet. This is hard for me to base something without a solid foundation, thought the same thing about Amazon and still do but like seeing the rockets exhibited in the Boeing Museum that Bezos picks up of the Atlantic sea floor cause he can.
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Perhaps. But... At $9.99 per month x12 months and even at 70 Million paid subscribers so far (out of the 150M total) is already $8.31B and this number will only grow with more paid subscribers. They also run ads if you are not a paid subscriber and probably collect nice chunk of revenue that way too. Paid subscribers or not... the money will keep flowing in if the expenses do not get out of hand.