MarketFoolery
MarketFoolery
Sep 16, 2020
1 New High, 1 Underrated CEO
Play episode · 17 min

FedEx hits a new all-time high after 1st-quarter revenue hits a record $19.3 billion. Adobe shares fall a bit despite record revenue in the 3rd quarter. Apple unveils a new watch and new iPads, but it’s the Fitness+ service that’s getting more of the media’s attention. Brian Feroldi analyzes those stories and shares why more investors should know about Adobe CEO Shantanu Narayen.

Wall Street Breakfast
Wall Street Breakfast
Seeking Alpha
AlphaTALKS Wall Street Breakfast, Oct. 24: What Moved Markets This Week
Big Picture Broader stock market indices failed to gain traction as a new stimulus package remained elusive. Earnings drove individual stocks. Communications services was one of the clear sector winners as shares of social media companies rallied. The economic recovery appears to be gathering pace. Initial jobless claims this week fell below 800,000 for the first time since March, but markets look to be in holding mode until the election on Nov. 3. Winners & Losers Social media stocks, measured by the Global X Social Media Index ETF (NASDAQ:SOCL), gained over 6% for the week. The broader technology sector was one laggard, with the iShares U.S. Technology ETF (NYSEARCA:IYW) dropping 2%. Intel shares were down almost 11% on Friday alone. Snapchat (NYSE:SNAP) shares gained 38% this week after the company beat earnings estimates. Pinterest (NYSE:PINS) was up more than 16% after receiving an analyst upgrade. Twitter (NYSE:TWTR) also reached an all-time high this week, rallying more than 9%. The media spending landscape is improving with the broader economy. TEGNA Inc. (NYSE:TGNA) raised guidance on political ad spending and saw its shares rally almost 10%. Tesla (NASDAQ:TSLA) blew past earnings but shares gave up 2% on the week. Seeking Alpha Articles & News Coverage That Caught Our Eye This Week: Streaming services, the new TV Normal, spend heavily on marketing (Kim) New Jersey follows California's suit in banning gas car sales (Brad) Bitcoin continues surge as PayPal launches crypto service in run at Square (Stephen) FTC huddling as end to Facebook antitrust probe nears - report (Nat) Last Word We discuss the rising number of COVID-19 cases, which no longer seem to be troubling the market. A vaccine may be coming, with investors bidding up a number of secondary and tertiary stocks. About This Podcast Alpha TALKS Wall Street Breakfast is a weekly roundtable covering what moved markets this week (WMMTW), featuring a panel of Seeking Alpha editors. Hosted by Nathaniel E. Baker, Contributing Editor, and featuring: Bradley Olesen, VP News; Kim Khan, Senior News Editor; Stephen Alpher, Managing Editor News, co-host of Seeking Alpha's Alpha Trader podcast. AlphaTALKS videos, featuring highlights of this podcast, publish every Friday by close of trading. Watch this week's here. Learn more about your ad choices. Visit megaphone.fm/adchoices
25 min
Invest Like the Best
Invest Like the Best
Patrick O'Shaughnessy
Jason Citron - Building the Third Place - [Founder’s Field Guide, EP.4]
My guest today is Jason Citron, founder and CEO of Discord. Discord is one of the largest and fastest growing social networks in the world. It started as a place for gamers to congregate online, but thanks to how easy it makes it to create a community of any type and its offering of text, audio, and video as means of communication, it has expanded far beyond gaming. It has the potential to become the default digital “third place” that we go to find belonging in a variety of online communities. With over 100 million users, it’s also one of the most interesting communications service businesses since the original social networks rose to power. Our conversation focuses on his background prior to Discord, Discord’s founding and growth, its business model and how it has evolved over the past 8 years, and what the future holds for Discord. As we talked, I had this sense that I’d be willing to go work for Jason, and I think you’ll see why. I hope you enjoy our wide ranging conversation. This episode is brought to you by Microsoft for Startups. Microsoft for Startups is a global program dedicated to helping “enterprise-ready” B2B startups successfully scale their companies. If you’re a founder running a B2B company targeting the enterprise, you should definitely check them out. This episode is also sponsored by Vanta. Vanta has built software that makes it easier to both get and maintain your SOC 2 report, at a fraction of the normal cost. Founders Field Guide listeners can redeem a $1k off coupon at vanta.com/patrick. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag Show Notes (3:17) – (First question) – Lessons from his time as a video game developer (7:58) – Going from game developer to game development platform (12:23) – From his first startup to Discord (16:33) – Expressing the hypothesis of discord (20:10) – How to know what signal to build upon (22:11) – Early adoption of Discord (26:17) – Getting the word out about Discord in the early days (30:43) – Creating more than just a platform, but creating a third place for people to congregate (32:38) – The Great Good Place: Cafes, Coffee Shops, Bookstores, Bars, Hair Salons, and Other Hangouts at the Heart of a Community (32:55) – The evolution and expansion of the types of community using their platform (37:27) – Discord’s business model and how it’s evolved (41:32) – Enhancing communication through Nitro (45:05) – Big principles for company building at Discord (51:22) – His thoughts around competitive advantage for the platform (52:55) – Creating a holistic experience for the users (55:45) – What bothers him the most when hiring (57:47) – Kindest thing anyone has done for him Learn More For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag
1 hr 2 min
Equity
Equity
TechCrunch
Quibi’s shortform life
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. Myself, along with Danny and Natasha had a lot to get through, and more to say than expected. A big thanks to Chris for cutting the show down to size. Now, what did we get to? Aside from a little of everything, we ran through: * The fall of Quibi, and who lost money in the mix. TechCrunch has a bit more on the video service's downfall here. * The Netflix quarter, and why its shares lost ground after its report. The Quibi-Netflix stories show that it's not smooth sailing in the market for online video. * If Netflix stumbled, Snap soared with stronger-than-expected growth. The company still loses lots of money, but it's getting closer to reasonable results, and has lots of cash. * Then we turned to a few media startups that raised, including $4 million for Stir and $2.5 million for Quake. Quake the podcasting company, mind, not the excellent FPS. * Next was a handful of housing rounds, including the very neat Abodu and the somewhat controversial RVshare, which split the three of us about whether or not it was going to work out. * Then we had some great reporting from Natasha to parse through, including her piece on startup hacker houses, and her report on a new women-focused accelerator class. Whew! It was a lot, but also very good fun. Look for clips on YouTube if you'd like, and we'll chat you all next Monday.
36 min
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