"Economic growth has slowed dramatically and capital has become more expensive," co-founder and CEO Daniel Ek said in the company statement. "Despite our efforts to reduce costs this past year, our cost structure for where we need to be is still too big."
Last week, "Weird Al" Yankovic recorded a Spotify Wrapped video mocking the meager payouts, joking that his 80 million streams had earned him enough for "a nice sandwich at a restaurant."
[
add
]
[
|
|
...
]