Spotify staked its future on podcasts. Then the pandemic changed

A year ago, Spotify made an expensive bet, shelling out hundreds of millions of dollars to get into the podcast business. For a company that was still unprofitable, losing more than $200 million that year, it was a bold move. Then the coronavirus pandemic struck, and podcasting consumption immediately changed. Spotify noticed drop-offs in listeners tuning in […]

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Spotify staked its future on podcasts. Then the pandemic changed how we listen