It turns out it's pretty hard to make a profit on music streaming for $10 a month. Money is streaming out the door of Spotify.

The streaming music startup lost $197 million in 2014, a drastic increase over the year before.

Spotify is bringing in a lot of money — $1.3 billion in revenue last year — but it's just not turning a profit.

In fact, its losses are getting worse, almost tripling from 2013 when the company lost $68 million.

Read More: http://mashable.com/2015/05/09/spoti...m-Tw-main-link

I see you Jay

Tidal ha power

Still the biggest audio streaming service in the world by a huge margin.

I think they can trade off the stock value and be okay tbh. Market leader and all that. Until streaming becomes profitable.

Or lack thereof?

They still earn billions, what's the point of caring how much potential profit they lost ?

poor spotify, tidal is truly the reigning platform!

I can't tell if you know I was being sarcastic or not.

Not even Beyonce and Rihanna fanbase can save it! p00r Tidal.

This isn't shocking at all considering they've been very open about the fact that they don't plan on turning a profit for quite some time. That's what all the private funding is for, they know what they're doing.

I'm pretty sure you meant it and think American Oxygen is a success.

Just so happy 45S was released before this mess.

Because they haven't earned money, they've lost it. This means that they spent more than the $1.3 billion they gained last year. That's what a loss means.

Tidal stans are going to find anything to deny Spotify...

Spotify remains superior though.

Spotify's "downfall" only making ha ripe for ha comeback

Tidal her revenge

They don't earn billions if they're losing money...

They may make billions but if they have to spend the money to maintain the business they haven't earned anything

I'm so proud of Tidal

Tidal will win in the end

yeah, they're not in it for the profit so what's your point?

Tidal is still a flop