Who’d have thought it? Spotify has suffered $230 million in losses, after CEO Daniel Elk admitted “In hindsight, I probably got a little carried away and over-invested relative to the uncertainty we saw shaping up in the market”.
Translation: I just took a major bath on Meghan’s awful podcast. The Spectator reveals:
This includes Spotify’s lightbulb moment of throwing $18 million at Meghan and Harry for, checks notes, 12 hours of content, where Duchess Difficult invents more things to complain about. Prince Harry mustered up as much brain power as he could for the podcast, which saw him telling tennis star Serena Williams, “I like what you’ve done with your hair. It’s a great vibe.” Enlightening, Haz.
For the layman, $18 million for Harry is roughly $1 million per brain cell, and for Meghan $1 million per minutes of her life spent not thinking about herself.
Archetypes with Meghan, which sounds like a mixture of a Jordan Peterson lecture and a YouTube makeup tutorial video, is described as “a podcast where we investigate, dissect, and subvert the labels that try to hold women back”.
Odd that a podcast about ultra-successful women complaining about being “held back”, despite having been held back less than almost every human being in the history of time, wasn’t more popular. And by the way, labels can’t “try” to do things. Apparently, none of that $18 million was allocated to copywriters.
Sadly, as the Spectator points out, Spotify’s excesses are now costing people their jobs:
According to the Daily Mail, Spotify spent an estimated $1 billion building its podcast library, which led to the company laying off some 600 employees this month alone. As they clear out their desks at Spotify HQ and edit their résumés, at least those workers can take comfort in the fact that Meghan empathises. She knows what it’s like to struggle: remember when she had to live in that ghastly royal cottage? The one with terribly low ceilings?
Of course, some of those laid off will be woke types who would shove Daily Sceptic readers into the Gulag without a moment’s hesitation, but others may be normal people doing real work, such as engineers.
Spotify also spent an estimated $200 million on Joe Rogan, but with the crucial difference that people actually like him. In fact, Rogan has the biggest podcast in the world, so Spotify will have a good chance of recouping their investment.
Meghan and Harry, on the other hand, are more like cartoon termites, levelling massive companies like Spotify, and possibly also Netflix, in seconds, leaving nothing but a heap of woke dust in their wake.
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