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Market Mondays

MM #193: Rise of Black Investors, Biden Gives Billions to Tech, Vince McMahon’s WWE Fall & Netflix Takeover

Jan 30, 2024
Vince McMahon, a businessman in the wrestling industry, discusses rising Black investors, Tesla's stock performance, Netflix's impressive earnings, and the WWE deal breakdown. They also touch on Texas vs. The White House and the crisis in traditional media.
02:12:19

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The rise in Black Americans entering the stock market signifies a significant shift in the investment landscape.
  • Investing in streaming platforms like Netflix, which dominate the entertainment industry, can yield promising returns.

Deep dives

Netflix crushes earnings and remains king of media

Netflix reported strong earnings, with a 12% year-over-year growth in revenue. The company added 21 million users and continues to dominate the streaming industry. While traditional media is struggling, with declining job cuts and layoffs, Netflix's user-friendly subscription model and wide catalog of content continue to attract and retain subscribers. The future of media is evolving, with streaming platforms like Netflix becoming the new norm. As a result, investing in media companies requires careful consideration of the changing landscape and the consolidation happening within the industry.

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