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In the little-known corner of the site, Amazon sells overstock inventory and clearance products at highly-discounted prices—typically a 20% discount or higher.
The e-commerce and blockchain specialist stumbles after a planned secondary offering falls apart. The stock has fallen over 40% in the past three weeks.
Music Week editor Tim Ingham commented that while the figure may "initially seem alarming", he noted: "Unlike buying a CD or download, streaming is not a one-off payment. Hundreds of millions of streams of tracks are happening every day, which quickly multiplies the potential revenues on offer—and is a constant long-term source of income for ...