Music discovery app Shazam had a great 2014, but its losses continue to accelerate as the company struggles to make profits.
Shazam had about 120 million monthly active users at the end of 2014, but the company lost £14.84m in 2014, up significantly from the £7.74m it lost in the previous year.
Revenue remained strong, at least, up 16 percent to £36.01m at the end of 2014.
The company ... [ read the full article ]
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Most apps that boast massive profits and success aren't very successful in reality....IMO.....my guess is they put up a great front to artificially inflate their lousy product...Like Facebook, Instagram, Foursquare.......remember that crap???
Oh and Angry Birds too.........they're all sinking or going to at least.
If you look at the comments in the reviews in the iTunes Store it's clear what the problem is...... Too much bloat in the app. It used to be fast.... You could open the app and have the song info within seconds. No longer. Now when you open the app you have to wait for a while for all the stupid social media crap to load.
Hey Shazam... I already have a Facebook, Twitter, and Amazon app.... I don't need all that crap from you too.
