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MarketFoolery

Square Music?

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 28 December 2020

⏱️ 16 minutes

🧾️ Download transcript

Summary

Square is considering an acquisition of TIDAL, a music streaming service. Jason Moser analyzes the pros, cons, and potential price tags of a deal, and offers an overview of the financial industry for 2021.

Transcript

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0:00.0

It's Monday, December 28th. Welcome to Market Foolery. I'm Chris Hill with me today.

0:07.0

Jason Moser.

0:08.0

Hello, sir.

0:09.0

Well, hello to you. How are you?

0:11.0

How are you?

0:12.0

I'm good. I know it's just been you know a week or so but it seems

0:15.7

longer because of the Christmas holiday so it really does everything just slows down

0:20.1

to like a glacial pace this time of year and it sometimes I wake up in the morning and I'm like

0:25.4

do I even have a job and I'm trying to remember exactly what I do and then I got to catch up on these

0:30.8

companies and it's like well you know everybody's kind of just

0:34.0

taking it easy at the end of the year nobody's clamoring for investment advice at this

0:37.8

point I guess so we got a we got a week or two till we got a kick it back in

0:41.0

a high gear I suppose well one of the things that has slowed down is the pace of business news,

0:46.0

so we don't have a ton of news to get into, so we're going to talk financials and I'm going to go broad in a minute but first I wanted to

0:56.2

get your thoughts on this story involving Square which are reports that Jack

1:01.8

Dorsey is interested in buying title, which is a music streaming

1:07.0

service I had never heard of before today.

1:09.0

Yeah.

1:10.0

Look, Jack Dorsey has said in the past he's interested in building on the square platform to offer other services.

1:19.0

Music streaming doesn't strike me as an obvious natural fit, but what was your reaction when you saw this story?

1:26.1

I mean my initial reaction was probably right on right on par with yours there and it doesn't seem like the doesn't seem like the first

1:35.3

place I would go if I were looking to build out this this square commerce ecosystem.

...

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