The podcast boom is over
techcrunch.com
techcrunch.com
And they are having trouble extracting value.
Spotify's podcast experience is far far worse than Pocket Casts, an app I've had on android for years and years.
But you know what’s not over? Podcasts themselves. There is still a huge audience of people that listen to podcasts. There is also still a tremendous amount of people who produce podcasts. Some of them keep it simple with just a Patreon or similar model. Many do it with no ads and no revenue whatsoever.
The fact that nobody has found a way to achieve wild business success with podcasts is actually what makes podcasts kind of great. They’re built with free, cheap and open technology. Proprietary platforms haven’t been able to compete with that. If you’re looking for the part of the Internet that isn’t tainted and enshittified, grab an RSS reader and try a podcast.
TechCrunch doesn't mention the interest rate hikes, but I'd say that's the primary underlying reason for the layoffs.
I know Spotify has been hemorrhaging cash and paying Joe Artist like absolute crap for more than a decade. Not sure what TC is trying to tell me?