Yeah, I agree, I have no idea why people keep investing in companies that don't turn a profit, or companies that seemingly don't care about being profitable. It doesn't seem like most startups are interested in being sustainable, they're just interested in reaching the next funding stage, and eventually getting a big payout.
I can see the rationale for investing in a company that isn’t profitable but could be, and has just opted to grow instead. Amazon, right? But I don’t see where Spotify’s “profit” switch is.
Amazon would briefly “come up for air” to demonstrate it could earn profit if it wanted. Spotify hasn’t done that and I don’t think they could earn a profit.
Also, Amazon didn’t go 17 years without profit. Is there any company that went that long and then went profitable?
I like Spotify, but do they even have a roadmap to profitability? Are they even projecting profitability any number of years out?
Exactly the same for Spotify, they haven't started squeezing yet which Amazon started doing a long time ago. Spotify reinvests a lot of money in itself still.
