ForgottenFlux@lemmy.world to Technology@lemmy.worldEnglish · 9 months agoSpotify has raised prices for the second time in a year, with no new benefits, after its CEO sparked outrage by claiming the cost of creating 'content' is 'close to zero'www.techradar.comexternal-linkmessage-square89fedilinkarrow-up1105arrow-down11
arrow-up1104arrow-down1external-linkSpotify has raised prices for the second time in a year, with no new benefits, after its CEO sparked outrage by claiming the cost of creating 'content' is 'close to zero'www.techradar.comForgottenFlux@lemmy.world to Technology@lemmy.worldEnglish · 9 months agomessage-square89fedilink
minus-squarebolexforsoup@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up1arrow-down1·edit-29 months agoIf it’s profit it’s net by definition. Gross can’t be profit. You’re thinking of revenue. Gross is total revenue before any costs deducted.
minus-squareJackbyDev@programming.devlinkfedilinkEnglisharrow-up1·9 months agoYou may need to realign your usage of phrases. Their 2024 Q1 financial statement has a line for “gross profit” and “net income/(loss) attributable to the owners of the parent.”
But is that net or gross?
If it’s profit it’s net by definition. Gross can’t be profit. You’re thinking of revenue. Gross is total revenue before any costs deducted.
You may need to realign your usage of phrases. Their 2024 Q1 financial statement has a line for “gross profit” and “net income/(loss) attributable to the owners of the parent.”