I think what you're going to need and we'll go through it is it's become a consumer expectations around what they should get in exchange for playing their credit card for a subscription. It's just become overinvested. Goldman Sachs and Disney both missed on earnings. Both of them have had huge misses because they decided they wanted to be young again. That might have been the right strategy, but it is very hard when you have a shareholder base that's used to you having e-bit to end up.
Kara and Scott discuss Microsoft layoffs, cryptocurrency’s surprising recovery, and Jacinda Ardern’s resignation. Plus, someone bought a Twitter bird statue for $100k, and it wasn’t Kara. Friend of Pivot Zoë Schiffer (@zoeschiffer) joins to discuss all of her recent Twitter reporting, including the work that went in to this week’s major New York Magazine story, which you can read here.
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