Motley Fool Money Amazon Music is now FM Radio
Nov 7, 2022
Jason Moser, a senior analyst at Motley Fool, shares insights on the evolving tech landscape. He discusses rising Meta shares amidst impending layoffs and the uncertain future of Zuckerberg's metaverse investments. Moser also critiques Amazon's recent changes to its music service, which have frustrated Prime members and could benefit competitors like Spotify and Apple. Additionally, he explores the shifting dynamics of digital advertising and its impact on major players like Netflix and Google.
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Meta Layoffs
- Meta is preparing for large-scale layoffs, likely due to overstaffing and metaverse investments.
- Revenue per employee has decreased, while expenses are out of control, making this move necessary.
Amazon Music 'Upgrade'
- Chris Hill tried the "upgraded" Amazon Music service and found it so bad he deleted the app.
- The change makes it impossible to pick songs, defaulting to shuffle mode like FM radio.
Amazon Music Strategy
- Amazon Music's change targets casual listeners, not personalized experiences.
- This might push users towards competitors Spotify and Apple Music, who offer personalized on-demand music.