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Joined 1 year ago
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Cake day: July 4th, 2023

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  • Thats some really hard BS.

    How do you think is hit harder by Inflation: someone working for 50 k a year and negotiating a raise every other year or someone with 500 k on the bank?

    Inflation hits the wealthy people the hardest! Not something I despise, but your claim is still complete BS.

    So why do we aim for ‘close to, but below 2 %’ inflation (2nd BS claim: no one aims for 2–3 % inflation). Because it has shown to be the most efficient to reduce unemployment and force rich people and companies to actually invest. Without inflation companies would need to fire people a lot more, since they can’t lower their expenses for their workforce in a different way. And sometimes they are struggling with their productivity and can’t stay competitive in any other way. Lowering wages is not allowed in most countries.

    It also forces rich people to invest. If there’s no inflation, I can just get rich and then do nothing. If the value of my money decreases 2 % each year, I need to actively participate in the economy, at least by lending my money to other companies so that they can invest in new things.



  • That whole article is BS, they even say it themselves:

    Rates are rarely paid at a flat rate per stream

    There is no payout per stream. Instead a fixed percentage of the subscription price is shared among each streamed song. So why does Tidal pay more then? Either their subscriber numbers are still incorrect (they have a history of publishing way higher numbers than in reality), their subscriber listen to less music (which is the main reason Apple Music pays more per stream on paper, since its often bundled) or their audience focuses more on a single artist (or a genre).



  • The problem is that Spotify is losing money each year. They aren’t profitable. And if they are keep focusing on music, they never will. Their deal with the music labels says that they need to give 70 % of each subscription to the music labels. So by getting more people to signup, they only marginally increase their revenue. Same goes for raising their prices.

    Thats why they tried focusing on Podcasts and Audiobooks. Those are a lot more profitable, either by adding ads (Podcasts) or by charging a premium (audiobooks).