Spotify’s New Payment Deal with Google, Investment Opportunities Amid Software’s Turnaround & Instacart CEO Fidji Simo on Quick Commerce 3/24/22

TechCheck

CNBC

Disruptors, Investing, Faang, Technology, Business, Management, Cnbc, Tech

4.8 • 56 Ratings

🗓️ 24 March 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show with CNBC’s Steve Kovach and our Julia Boorstin breaking down the implications of Spotify reaching an agreement with Google for users to pay through either the streaming platform or Google Play Billing. Next, Satori Fund Founder Dan Niles weighs in on the tech bounce, and Morgan Stanley analyst Keith Weiss discusses how to play the ongoing software turnaround. Then, Evercore ISI Director of Internet Research Shweta Khajuria discusses her thoughts on investing in video streaming service Roku. Later, our Deirdre Bosa recaps her recent interview with Instacart CEO Fidji Simo as the delivery company announces plans to build out a network of warehouses to fulfill grocery orders in 15 minutes.

Transcript

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0:00.0	I'm Julia Borstin and you're listening to see NBC's Tech
0:03.2	our show is live weekdays at 11 a.m. Eastern listen in. Good Thursday morning welcome to Tech Check. I'm Carl Quintanilla
0:17.0	with dear Drubosa and John Ford. Today the battle over in-app
0:20.1	payments continues. I get a breakdown of Google's new concessions for
0:24.1	Spotify and what that could mean for Apple and millions of small developers.
0:28.2	Then Globalization's counter-argument as Larry Fink calls for an end to 30 years of globalization.
0:34.4	We'll discuss why that may not be as straightforward as you think, at least when it comes to tech.
0:38.7	And here to discuss it all, tech investor Dan Niles, who's got thoughts on the Fed stag inflation and
0:44.4	weather growth stocks could still be headed lower from here.
0:47.5	D.
0:48.5	Carl we're gonna kick off today's feed with a break in the battle over App Store
0:52.3	payments Spotify shares on the move after news that the company with a break in the battle over App Store payments.
0:52.8	Spotify shares on the move after news that the company reached an agreement with
0:56.2	Alphabets Google to enable subscribers to sign up for the service directly through the
1:00.4	Google Play Store and with investors and regulators like already watching this space
1:04.5	this could have a ripple effect through a lot of different tech companies.
1:07.5	Julia Borston is joining us to break down that impact Julia we're seeing moves
1:12.4	in stock prices as early as this morning.
1:16.2	Yes and look Spotify shares did spike about 3.5% after hours yesterday they are down lower now
1:20.8	but this is important because up until now
1:23.1	Spotify made subscribers leave the app and go to its website to sign up to avoid having
1:29.0	to pay Google as much as 30% of Spotify's monthly fee. But now, Spotify allowing subscribers to pay through
	...

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