Corporate Press Releases

Spotify is Burning Through Cash Reserves: Why You Shouldn't Invest

BUFFALO, N.Y. – Apr. 18, 2022

Spotify is in trouble. The company is currently burning through its cash reserves and it has recently been revealed that they are withholding payments from its artists for song downloads. This is a pretty good indicator that Spotify is in financial trouble that will only worsen as artists begin to lawyer up.

Spotify's decision to withhold payments from artists is controversial, to say the least. While the company claims that the funds should have been deposited in their accounts, many artists are upset and feel cheated out of royalties. It's clear that Spotify is struggling financially, and this latest move does nothing to instill confidence in potential investors.

During recent interviews, Spotify executives stated that they are confident in the company's long-term prospects, but with the current state of affairs, it's hard to see how they will be able to right the ship.

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