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200M paid subscribers, and artists are paid a pittance.

It's kind of the economy in a nutshell: "be the middleman, not the person creating."

Well, don’t blame Spotify for that. They aren’t actually raking in millions (or anything in profit) they are losing money.

The analogy does not work because they are losing money.

Their founder/CEO is still a billionaire despite they’ve never made profits.

Due to their stock, right?