Looks Like 'Profitable' Shazam Actually Lost $21 Million In 2015

Shazam’s algorithm is having trouble recognizing a profit. Shazam’s financial situation is growing worse -- not better -- despite numerous reports proclaiming ‘profitability’ last week. The Wall Street Journal, TechCrunch, Billboard, Forbes, and the Financial Times were among those trumpeting Shazam’s arrival into the black. “Shazam is finally profitable after a billion downloads,” TechCrunch headlined. “After 15 […] The post Looks Like ‘Profitable’ Shazam Actually Lost $21...