The Prof G Pod with Scott Galloway CNN+, Investing Platforms, and the Return to Fundamentals — with Leif Abraham
Mar 31, 2022
Leif Abraham, Co-CEO of Public.com, shares insights into the fintech landscape and the evolution of investing. He discusses the shift towards community engagement in investing, overcoming psychological barriers for newcomers. The conversation also touches on the state of the IPO market and its implications for streaming services like CNN+. Abraham emphasizes the importance of accountability and collaboration among investors while navigating the challenges posed by retail investors and market volatility.
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Streaming Overinvestment
- Streaming services are overinvested, similar to growth stocks.
- The market wants profitable companies, and the growth-focused mindset is declining.
Streaming Dominance
- Streamers dominate film awards, reflecting increased viewership.
- This shift from theaters offers innovation at home but has negative externalities.
Rising Streaming Costs
- Streaming services, like Netflix, have raised prices significantly.
- This mirrors rising cable costs, indicating an unsustainable trend.