Shazam, which tells you what song you're listening to for when Googling "doo doo doodoodoo doo doo DOOOOO" turns up nothing but scat porn , hasn't turned a profit since Amazon Digital Services Their fault for not demanding a Triceratops three-way scene. You might recognize this circle of dead presidents as Decent Business Continue Reading Below Advertisement We've already mentioned that your favorite streaming site is a musician's wallet's nightmare, but it turns out it's actually terrible for everybody His stockholders, in particular, are mighty pissed that Amazon has finally been exposed as little more than a glorified charity that benefits only the consumer. Their total losses from launch until
Considering the massive, money-losing flop it's already been, probably not. They doubled up on red in one goddamn year. Once again, the occasional ad isn't enough nutrition to keep a business from starving to death. When they get real bored, they spend yet more money on stillborn ideas like the Fire smartphone , or money-sucking ideas like free shipping and Amazon Prime , aka freer shipping. Plus, they're hiring more than ever since bigger sites need more hands to run them , which pushes them straight into the negative. Since their launch in , Amazon has struggled to break even , with barely a decent uptick on Wall Street. Amazon, on the other hand, sees it as irrefutable proof that they're successful as fuck. Continue Reading Below Advertisement Maybe if Shazam went back to its pre-app model of charging people a buck per search , they'd finally crawl back into the black. Except they're not successful. Continue Reading Below Advertisement But it's not just streaming music that's drying up. Customers pay Amazon, Amazon pays their suppliers, and everybody's happy. Their total losses from launch until The whole point of business is to make money and keep it -- Amazon's mastered the former, but shits the bed with the latter. That company's not making money. Unless you're an untouchable megastar or an unscrupulous label executive, it's all but impossible to make money in music anymore. That rule applies to your favorite music websites too. But CEO Jeff Bezos is a forward-thinker, eschewing such bourgeois standards of success as "good stocks" and "earnings" in favor of shit like " profitless prosperity. You might recognize this circle of dead presidents as Decent Business His stockholders, in particular, are mighty pissed that Amazon has finally been exposed as little more than a glorified charity that benefits only the consumer. Continue Reading Below Advertisement We've already mentioned that your favorite streaming site is a musician's wallet's nightmare, but it turns out it's actually terrible for everybody Because the more money these companies pull in, the more money they have to fork over. Shazam Even its brand-new feature of telling you what linebacker is angrily grunting what has failed to help. One of the most popular websites on the fucking planet. And as they grow more popular which, unless the public suddenly tires of free music, is guaranteed to happen , they'll bleed even more money, until the people in charge pull the plug and force us all back onto terrestrial radio like a bunch of cave-dwellers. Spotify and Pandora, the two most popular streaming websites, have never made money.
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