Motley Fool Money 2019 in Review: Software, Entertainment, and Cheap Beer
Dec 27, 2019
Scott Galloway, a professor at NYU Stern and author of "The Algebra of Happiness," joins to explore the intricacies of success, happiness, and meaningful relationships. The discussion contrasts Disney Plus’s successful launch with WeWork’s downfall, while highlighting the evolving focus from shareholder value to stakeholder interests. Galloway emphasizes nurturing relationships and making meaningful choices over chasing superficial success, offering valuable insights into achieving personal fulfillment amidst market challenges.
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2019 Market Overview
- The stock market performed incredibly well in 2019, rising by almost 30%, including dividends.
- Tech stocks led the market's overall strong performance, outperforming other sectors.
Disney+ Success
- Disney+ exceeded subscriber expectations with 24 million subscribers, surpassing the initial projection of 20 million by the end of 2020.
- The low pricing strategy allows for future price increases and complements Disney's diverse revenue streams.
WeWork Downfall
- WeWork's $47 billion valuation plummeted after its IPO was shelved due to financial losses and governance issues.
- The company, initially promoted as elevating consciousness, revealed itself as a struggling real estate business.
