Big Technology Podcast Tech Stock Armageddon — With Rich Greenfield
May 4, 2022
Rich Greenfield, founding partner at LightShed Partners and a top analyst in tech and media, dives into the turmoil facing major companies like Netflix, Snap, and Spotify. He discusses Spotify's struggle with stock decline and the impact of Apple's anti-tracking policies on advertising. The conversation shifts to how consumer behavior has changed post-pandemic, affecting streaming and content strategies. Rich also highlights Snapchat's impressive growth amidst market challenges and offers insights into investor sentiment in an unpredictable tech landscape.
AI Snips
Chapters
Transcript
Episode notes
Unprecedented Economic Situation
- The current economic situation is unprecedented due to the pandemic's effects on behavior.
- This makes fundamental analysis and forecasting difficult, requiring a high-level perspective.
Revenge Travel and Theme Parks
- Revenge travel is driving record attendance at theme parks like Disney World and Universal Studios, even without international visitors.
- This demonstrates a strong desire for people to leave their homes and engage in experiences after pandemic lockdowns.
Streaming Growth Correction
- The market overestimated the pandemic's permanent impact on streaming growth.
- Netflix subscriber contraction and other streamers' slowing growth show a potential market correction, not a fundamental change.