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MarketFoolery

Google Gets a Pass

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 14 December 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

A massive outage of Google services results in a massive shrug from Wall Street. Electronic Arts outbids Take-Two Interactive to buy UK-based game company Codemasters. Jason Moser analyzes those stories as well as what “The Office” moving from Netflix to Peacock will do to drive sign-ups and subscriptions.

Holiday Song - “Maoz Tzur” by Leslie Odom Jr. (Feat. Nicolette Robinson)

Transcript

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0:00.0

It's Monday, December 14th. Welcome to Market Foolery. I'm Chris Hill with me today. Mr. Jason

0:07.8

Moser. Good to see you, my friend. Good to see you. It is time for another deal this time in the video gaming industry. It is time for

0:16.8

Comcast to make their move in the video streaming wars and we'll get to both of

0:20.8

those but we're going to start with shares of alphabet,

0:24.4

which are in the spotlight this morning

0:25.8

after multiple Google services, Gmail, YouTube, Google Drive,

0:30.9

Stadia, suffered a massive outage.

0:34.8

For reasons unknown at this point, Google issued a statement saying service has already been

0:39.3

restored for some users and we expect a resolution for all users in the near future.

0:44.6

Please note this time frame is an estimate and may change.

0:50.5

Where do you want to start with this?

0:51.6

It's not, you know, the stock is not tanking.

0:54.0

There are a couple of different directions we can go.

0:57.0

But my reaction to this was different than sort of the normal, you know, when we come out and we see, you know, as we've talked about in the past, Home Depot has been, has announced that there, that they were hacked and as many as 40 million credit cards could have been

1:18.0

exposed.

1:19.0

Well, I mean, where I want to start with this, I want to flip the script here a little bit

1:23.4

Chris because I mean as we were talking pre-show here in our in our production

1:28.9

discussion here earlier today you you seem to have a little bit of a take on this and you wouldn't really elaborate.

1:35.7

So if you remember the office, well, well, well, how the turn tables have, let's turn those tables

1:41.1

and let me interview you, friend.

1:44.8

What is your take on this?

1:46.9

Because I really was interested here that.

...

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