this post was submitted on 23 Oct 2023
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That's fair. I wasn't particularly calling out Spotify but streaming services in general: They start super awesome to get users, with a vast library, reasonable prices....then it gets harder to find download media you can own because streaming is dominating...the prices go up...then the ads get more intrusive...then they start dropping large portions of their library because they don't feel like licensing it anymore, but prices still go up, the ads get longer, and so on.
That's what I consider the "rug pull". Provide an awesome service at a loss, get high stonk values, "Ok sorry guys we're public now, how is this gonna be profitable? :( Feel like watching ten minute ads? Ok cool. That's business, chump."