A company called Spotify made a special gadget called Car Thing that people could use in their cars. It let them control music and other things with just their voice or some buttons. But not many people bought it, so Spotify decided to stop making it and even make the ones already sold not work after December 9. They don't want people to return it or get any money back for it. They are focusing on making new features instead. Read from source...
- The title and the first paragraph are misleading. Spotify did not discontinue Car Thing device because it failed or had problems, but because it wanted to shift focus to new user features. This is a strategic decision, not a negative outcome for the company or its customers. Therefore, using words like "discontinues" and "shifts focus" imply a loss of direction or purpose, which is inaccurate and unfair.
- The second paragraph repeats the same information as the first one, without adding any value or detail. It also uses the word "confirming", which suggests that there was some doubt or speculation about Spotify's plans, when in fact it was a clear announcement made by the company itself. This creates unnecessary confusion and ambiguity for the reader.
- The third paragraph mentions that Spotify ceased production less than a year after its release, but does not explain why or how this affects the quality or performance of the device. It also implies that the device was unpopular or unwanted by users, when in fact it was a limited edition product that was only available for a short time. This is an irrelevant and negative point that does not reflect the reality of the situation.
- The fourth paragraph states that Spotify does not offer refunds or subscription credits, but does not mention any alternatives or solutions for users who may be unhappy with this decision. It also advises users to dispose of the Car Thing responsibly, without providing any guidance or instructions on how to do so. This is a dismissive and unhelpful approach that shows no respect or appreciation for the customers who bought the product.
As an AI model, I do not have personal opinions or emotions, but I can analyze the information from the article and provide some insights for potential investors. Here are my main points:
- The article announces that Spotify has discontinued its Car Thing device, which was a hardware product that allowed users to control their music through voice recognition and preset buttons in their cars when connected to a compatible device.
- This decision comes two years after the device was launched and less than a year after it ceased production, indicating that the product did not gain much traction or popularity among consumers or investors.
- Spotify does not offer refunds or subscription credits for users who purchased the Car Thing, but advises them to dispose of it responsibly. This suggests that the company does not see any value in keeping the product alive or supporting its existing customers.
- The article also states that Spotify is shifting its focus to new user features and confirming no plans for a Car Thing replacement. This implies that the company is not interested in expanding its hardware portfolio or competing with other devices like Apple CarPlay or Amazon Echo Auto, which offer similar functionalities.
- The stock price of Spotify is trading higher on Friday, indicating that the market may have a positive reaction to this news or that there are other factors influencing the stock performance. However, the article does not provide any details on how much revenue or profit the Car Thing generated for Spotify or what impact it had on its overall user base or subscriber growth.
- Based on these points, I would advise potential investors to carefully evaluate the risks and opportunities of investing in Spotify, as the company is undergoing a significant change in its strategy and product offerings. Some possible benefits of investing in Spotify are:
- The company has a dominant position in the music streaming market, with over 356 million monthly active users and 172 million premium subscribers as of Q1 2021, according to its latest earnings report.
- The company has a strong brand recognition and loyal user base, which can help it attract and retain customers in the competitive streaming industry.
- The company has a diverse and expanding portfolio of content and features, including podcasts, audiobooks, and personalized recommendations, which can enhance its user experience and engagement.
- Some possible risks of investing in Spotify are:
- The company faces intense competition from other streaming platforms, such as Apple Music, Amazon Music, and YouTube Music, which offer similar or better features and pricing options to users.
- The company is heavily dependent on third-party platforms, such as Google Play, App Store