this post was submitted on 04 Jun 2024
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Honestly €56 million in profit seems small for an operation as massive as Spotify that has so throughly saturated the market. That does not make it excusable at all. I’m just surprised to see that number.
I'm sure there's tons they've made that their accountants have managed to classify as something other than "profit," so they don't have to pay taxes on it
First reasonable response I’ve gotten lol
Most shitty companies do it with stock buybacks