Podcast Is Not a Great Business Model for Spotify

Spotify spent half a million on content and then they also spent about half a billion on the back end Anchor which does. anchor for editing editing and i'm saying host as well Anchor does hosting and then they did megaphone Um, uh, which is for ad placement. Podcasts are about 1 billion dollars a year in advertisements. It's tiny but terrestrial radio still does 10 plus billion.