Formerly known as...
Collector
Let's see if Joe discusses this on the podcast to try and use it as ammo for not taking/negotiating the Spotify deal. Even if Spotify's big podcast investment isn't seeing huge returns yet, they would've still been getting paid.
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Spotify's big bet on podcasts is failing, Citi says
- Spotify’s multi-million dollar bet into podcasting may not be working out, Citi analysts wrote in a note to clients Friday.
- The idea was that by bringing exclusive content to the app, the company could strengthen its advertising business and attract Premium subscribers.
- Investors seemed to like the message, sending the stock up 31.76% in 2019 and 110.4% in 2020.
- But now analysts are looking for the company to show the investments were worth it.
- “To date, we have not seen a material positive inflection in app downloads or Premium subscriptions,” the Citi analysts wrote.
I was surprised when they dropped the bag on Rogan and his stuff is still on YouTube. Not heavily or full episodes but the fact people who don't have Spotify can still get a good dose of Rogan on YouTube is an L. Michelle Obama still doing her Pod? She didn't seem like someone that would do it for many years so that may become an L.
Budden going to Soundcloud and YouTube was perfect for me. I don't have to pay for another subscription to check in.