Spotify dominates audio streaming, but where are the profits?
The company has expanded beyond music to stay ahead but has struggled to make money.
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The company has expanded beyond music to stay ahead but has struggled to make money.
Spotify has diligently controlled costs, including a 6% reduction in its workforce earlier this year and raising prices for its premium plans in July.
It's unclear when the company intends to release the feature, in particular.
Spotify will focus on reducing overhead costs after overinvesting in 2022, but it will continue to build its podcasting business
Netflix shares have plunged to their lowest level in 30 months after the streaming giant lost subscribers for the first time in over 10 years.