this post was submitted on 22 Jul 2023
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What improvement in service does the hike reflect?
$10 in 2011 would be $13.56 today.
Source: https://www.in2013dollars.com/us/inflation/2011?amount=10
Per the article, the service hasn't changed in price in 12 years, while the platform has certainly received a decent number of updates, new features, new artists, etc.
If it isn't worth $11/month to you, don't pay it? But it doesn't seem right to insinuate that they're doing something outrageous by raising prices once in 12 years?
If Costco can sell glizzies for a buck fifty a pop I don’t wanna hear it
Fwiw Costcos main profit is from membership sales…which they’ve been cracking down hard on right now!
Wait - what are they doing?
Making sure you have a membership before you can buy things. Shocking...
Haven't they always done that?
They’ve been more strict about it recently, especially with people that share memberships and self checkout stations.
They sell those at a loss to bring in customers to buy other higher margin items. What else is Spotify selling?
Ads on podcasts, even for premium members
Costco doesn't have high margins on any of their items. They have like a max of 15% markup. They make their money off the membership.
Ads on podcasts, even for premium members
To be fair (and understand I hate corporations and am speaking through clenched teeth), Costco loses money on those glizzies. They make the majority of their money on their memberships, and have made the bet that they gain more customers than they lose money on cheap hotdogs.
"If you raise the price of the hotdog i will fucking kill you"