This is sort of a multier effort, and it sounds like it won't have much impact on amazons business for a while. They've got to get these satellites into space. Only a very few private companies or public companies can do this. It's just not going to happen overnight. But didra i remember that morgan stanley had a projection, i don't know, in which they said that this total space business, putting satellites into space and having consumer services, i's going to be potentially a trillion dollar business over the next years.
(00:22) Acquisition battles are heating up as travel season kicks off. Asit Sharma joins Deidre Woollard to discuss: - JetBlue’s competition with Spirit to buy Frontier Airlines.
- Amazon’s plan to launch 3,000 satellites into orbit for its broadband internet plans. - Restaurants in the metaverse. Jim Gillies and Brian Feroldi take a “Bull vs. Bear” approach to investing in Best Buy, (18:56) the company that was supposed to become Amazon’s showroom. You can decide who made the better argument @MotleyFoolMoney on Twitter.
Link: Metaverse Stocks - https://www.fool.com/investing/stock-market/market-sectors/information-technology/metaverse-stocks/
Stocks: JBLU, SAVE, ULCC, AMZN, NKE, RBLX, CMG, BBY Host: Deidre Woollard Guests: Asit Sharma, Brian Feroldi, Jim Gillies Producer: Ricky Mulvey Engineers: Tim Sparks, Rick Engdahl
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