About
Who is the founder of Spotify?
Daniel Ek
How many emails should be sent before the price changes goes into effect ?
Three
Should Spotify create its own record label?
Yes, this will increase revenue and let the artist own their own recordings
Is Spotify Profitable?
No
Comparing 2018 to 2022, has their stock value raised or decreased?
Decreased
Should long term customers receive a smaller monthly price increase for their loyalty?
Yes loyalty is key to good business.
Roughly how many employees did Spotify have in 2021?
6600
Spotify has ____ million users, and ____ million are premium subscribers.
Blank 1: 450 or 456
Blank 2: 190 or 195
Will the subscribers drop significantly if they increase the price?
No, spotify demand is inelastic
What percentage of revenue goes to rights holders?
70%
How much revenue would the lower price plan would bring in per month?
78 milllion
Assuming Spotify raised their plan price by $1, we expect to see a ____ million subscriber decrease but an ____% increase in revenue.
Blank 1: 2 or 2.925,
Blank 2: 8 or 8.3%