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Industry Focus

Tech: Spotify Keeps Shopping

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 7 February 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

Spotify made some big purchases in 2019, buying up Gimlet and two other companies for $400 million. This week, it doubled-down on its podcast bet, announcing it was buying Bill Simmons' media outlet The Ringer. We explain how podcasts fit into Spotify's strategy and check in Google's YouTube now that Alphabet has started breaking out its revenue contribution.

To get 50% off our Stock Advisor service, go to http://IF.Fool.com

Stocks: SPOT, GOOG, GOOGL (edited)

Transcript

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0:00.0

Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day.

0:11.0

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyphill. I'm Dylan Lewis. And today

0:16.0

we're talking financials. Today we're talking consumer goods.

0:19.0

Wild-C-C-C-Gold's. Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.

0:27.3

It's Friday February 7th and we're talking about Spotify striking another deal and

0:31.7

some disclosures from big tech. I'm your host

0:34.4

still Lewis and I'm joined by fool.com's Evan New. Evan what's up? Not too much.

0:39.8

We're kind of celebrating my household because my wife just got a new job and she's getting a pretty massive 50% raise from the new opportunity.

0:48.6

So we're pretty happy about that.

0:51.1

Congratulations, Evan, that's awesome.

0:53.0

I unfortunately have money kind of going in the other direction because I think I'm buying a house.

0:57.2

And so I'm in the process of trying to finalize some numbers there and I'm getting used to the pinch now I'm starting to feel it a little bit.

1:04.7

Oh yeah especially when things start to break that's that's all on you. I get horror stories from our producer

1:10.5

Austin Morgan all the time I know exactly what that life looks like.

1:13.7

Unfortunately, I'm a glutton for punishment and I'm buying a place that needs a considerable amount of

1:18.2

work in Washington, D.C. So I'm going to be dealing with a lot of contractors.

1:21.2

Listeners, if you know any really good contractors in Washington, D.C.

1:24.2

let me know because I certainly will need one.

1:27.2

But you know what?

1:27.9

I'll be listening to some music and doing some of the home repairs myself, Evan,

1:30.9

and I'll be listening on Spotify. We're talking about Spotify today.

1:33.7

That seems like a nice easy transition right there.

...

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