Spotify had a blast with subscribers growth
Spotify as being one of the most used music applications has seen a blast with growing subscribers. Here are all the details.
There is a serious rivalry for music streaming applications. Spotify, as being the best in all of them recently had a blast with new subscribers. At this point, Spotify is a popular music streaming service and it has been growing everyday.
Despite the presence of rivals like Apple Music, Amazon Prime, and YouTube Music from Google, the app is gaining popularity. Recent report explains that Spotify's first quarter of 2023 was one of its best in years.
Spotify has been growing
Spotify reported a loss of $248 million for the same quarter, yet reports claim the company has ben growing. Spotify laid off 600 workers—6 percent of its workforce—this quarter in an effort to cut costs. We can't say how much the company actually saved, but given this context, it sounds like it was trying to cut costs instead. Swedish company is one of the best music applications compared to others and it looks like it has been growing too. Many layoffs have taken place in the last years within tech industry. Spotify was also one of these companies who has done massive layoffs.
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