Spotify Stock Surges After Record Profit and Strong Guidance

many companies are shutting down especially the named ones. many are close to getting shut. is there a good resource to track? want to keep it handy for future purposes. :)

Spotify is late to the party, but they are letting go 17% which is huge compared to others in one go. be careful with similar type of industry. pocket fm, Kuku fm perhaps?

Spotify being one of the most loved brands has come down to this, and no wonder! We've seen popular brands being poorly rated en masse as part of agenda driven boycott campaigns, but what we see here is more of a genuine disappointment with the product by its users with its recent update. Assuming someone on the Product side decided to rip off all the features of a basic music player to drive growth in the form of paid subscriptions, Growth additionally will also have to handle the poor Playstore ratings as the outcome. What do you think should Spotify start doing from here? Not asking from a user's perspective (I know we all want free music without their annoying ads) but from a business perspective.

Tech is slowly realizing that Elon was right and a huge amount of overhead is not necessary to grow these companies when you actually manage teams properly.