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Exactly, but Apple can run their streaming service as a loss leader because they still get to book the 30% revenue on the store side. Spotify can't recoup that 30%.

This effectively gives Apple an extra 30% margin for their streaming music service.




So in that case we shouldn’t allow any VC backed company because they are all pretty much running at a loss.

I definitely couldn’t start a ride sharing company when Uber and Lyft are being funded by VCs...




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