Motley Fool Money NY Times Buying The Athletic, Big Beverage Partnership, and Potential IPOs
Jan 6, 2022
Bill Mann, a senior analyst at Motley Fool, dives into the New York Times' significant $550 million acquisition of The Athletic and its implications for media quality. He also assesses Rivian's struggles as Amazon teams up with Stellantis and highlights investment opportunities in the EV market. Mann discusses Constellation Brands' exciting new partnership with Coca-Cola for Fresca cocktails, and forecasts upcoming IPOs for companies like Instacart, Reddit, and Stripe, providing insights on the shifting landscapes in both beverage and tech industries.
AI Snips
Chapters
Transcript
Episode notes
NYT Acquires The Athletic
- The New York Times is buying The Athletic for $550 million.
- This purchase reflects a past missed opportunity for the Times to develop such a platform in-house.
Rivian Stock Drop
- Rivian's stock dropped after Amazon partnered with Stellantis.
- This highlights Amazon's strategy of viewing smaller companies like Rivian as options rather than exclusive partners.
Established Automakers in EV
- Bill Mann finds established car manufacturers like Volkswagen and Toyota more interesting than newer EV companies.
- These companies are investing heavily in EV technology, leveraging their existing infrastructure and expertise.