Slate Business

Paying a fraction of a penny per stream and diminishing the value of music were bad enough for Xiu Xiu, but when Spotify owner Daniel Ek announced an investment in a German defense contractor, they decided it was time to take the music back. Guest: Jamie Stewart, musician in the band Xiu Xiu. Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week: The downfall of First Brands and Tricolor has led to finger-pointing between banks and private credit firms. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss whether these fraud-related bankruptcies are a sign of major issues to come within the credit market. Then, car prices and sales are up across the board. The hosts cover the state of the auto industry, the spike in EV sales caused by expiring incentives, and what it’s like to own a Crybertruck these days. And finally, QQQ is probably the only ETF you’ve heard of thanks to its aggressive advertising. The hosts explain the unusual structure of the wildly successful ETF that led to a Super Bowl ad level marketing budget but very little profit for its own trustee Invesco. In the Slate Plus episode: What the heck is going on with matcha prices?? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

As Trump throws out journalists and outlets that report anything negative about him, he’s limiting access to a group of right-wing influencers who work to further his agenda. Guest: Makena Kelly, tech and politics writer for WIRED. Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Learn more about your ad choices. Visit megaphone.fm/adchoices

Candice Lim and Kate Lindsay get into tech’s latest effort to turn A.I. into a status symbol. Anthropic has been pushing “Thinking” caps into the trendy streets of New York. OpenAI has been handing out awards for power users akin to YouTube subscriber plaques. But one of the worst offenders is Friend, a $129 wearable necklace that spent a million dollars to infiltrate subway stations and bus stops. Why are A.I. companies trying so hard to be trendy? And how are people revolting against them? Finally, we have some news.  Get more of ICYMI with Slate Plus! Join for exclusive bonus episodes of ICYMI and ad-free listening on all your favorite Slate podcasts. Subscribe from the ICYMI show page on Apple Podcasts or Spotify. Or, visit slate.com/icymiplus for access wherever you listen. This podcast is produced by Vic Whitley-Berry, Daisy Rosario, Candice Lim, and Kate Lindsay. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Money Talks: Felix Salmon and Elizabeth Spiers are joined by journalist Andrew Ross Sorkin to discuss his new book 1929, a detailed account of what led to Wall Street’s most devastating crash. They’ll discuss the lessons we should keep from the systemic failure that resulted in the Great Depression and why the knowledge feels as relevant as ever today.   Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week: The price of gold has skyrocketed to over $4k an ounce.  Felix Salmon, Elizabeth Spiers, and Emily Peck speculate why this might be happening right now – or if there even is a “why”. Then, Intercontinental Exchange has announced an investment of $2 billion in Polymarket, upping the valuation from $1 billion to $8 billion. The hosts discuss what makes prediction markets so big right now and the increasingly murky distinction between "betting” and “investing”. And finally, several Bob Ross paintings are being auctioned for charity prompting a Slate Money listener to ask what the market is for his work. Felix breaks down the oddity that is the Bob Ross painting market and explains how charity auctions can skew the value of a piece of art.  In the Slate Plus episode: Emily goes on a reporting journey to figure out what the new phrase ‘6-7’ is all about.  Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Kate Lindsay and Candice Lim wade through the negative reactions to Taylor Swift’s album The Life of a Showgirl. From outdated meme references to clunky shots at other female artists, Swift’s album indicates an oddly distant relationship with the internet. However, is she a devious online mastermind or a blundering millennial? Plus, why it’s important that this album’s backlash has gone largely unchallenged by fellow Swifties. Get more of ICYMI with Slate Plus! Join for exclusive bonus episodes of ICYMI and ad-free listening on all your favorite Slate podcasts. Subscribe from the ICYMI show page on Apple Podcasts or Spotify. Or, visit slate.com/icymiplus for access wherever you listen. This podcast is produced by Vic Whitley-Berry, Daisy Rosario, Candice Lim, and Kate Lindsay. Learn more about your ad choices. Visit megaphone.fm/adchoices

How one of the largest video game companies was bought for $55 billion by a group that includes Saudi Arabia’s sovereign wealth fund and Jared Kushner. Guest: Jason Schreier, Bloomberg reporter Want more What Next TBD? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Podcast production by Evan Campbell, and Patrick Fort. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week: Felix Salmon finally gets to nerd out on Argentina's economy as Trump goes against the GOP playbook by bailing the country out to the tune of $20 billion. Felix, Elizabeth Spiers, and Emily Peck break down why this is such an unusual move, how it shows Trump’s favoritism, and what it means for America’s soy farmers. Then, the US government has officially shut down but stocks are soaring. The hosts talk about who, if not Wall Street, is economically impacted by the shutdown. And finally, Jared Kushner helped broker a record-breaking $55 billion private equity deal for Electronic Arts that includes Saudi Arabia's Public Investment Fund. Do we care if the Saudis own a controlling stake of the gaming giant? In the Slate Plus episode: What number is Felix thinking of?  Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli, Get 50% Off Monarch Money, the all-in-one financial tool at ⁠www.monarchmoney.com/SLATE⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s episode, hosts Candice Lim and Kate Lindsay are joined by Slate senior editor Tony Ho Tran to talk about why it matters that EA Games has been sold to Saudi Arabia and Jared Kushner. In addition to likely cost-cutting, this new ownership puts games like The Sims even more at risk of censorship, especially when it comes to LGBTQ+ characters. If your Sim groom can’t end up making out with his new father-in-law at the end of his wedding, then what is The Sims even for? Get more of ICYMI with Slate Plus! Join for exclusive bonus episodes of ICYMI and ad-free listening on all your favorite Slate podcasts. Subscribe from the ICYMI show page on Apple Podcasts or Spotify. Or, visit slate.com/icymiplus for access wherever you listen. This podcast is produced by Daisy Rosario, Vic Whitley-Berry, Candice Lim, and Kate Lindsay. Learn more about your ad choices. Visit megaphone.fm/adchoices