Loren Feldman says Groupon and Spotify are in financial trouble and probably going out of business. Why? Groupon’s massive sales force needs to work with new businesses who will rarely return after a bad experience.
Spotify has lots of users, but does this offset its overhead costs?
It’s The Tech Report with Loren Feldman at 1938News, syndicated by aNewDomain.net and sponsored by the fine folks at SoundCloud.
Spotify might not be a profitable business but it’s service doesnt suck. In my opinion It’s the best technology innovation for years!