Pivot Netflix’s Reed Hastings has a huge quarter, Facebook makes big investment in India, Bezos takes the reins at Amazon
Apr 24, 2020
This podcast dives into Netflix's record-breaking quarter, highlighting its unexpected surge in subscribers. The discussion shifts to Facebook's major investment in India's Jio, unlocking fascinating insights about the region's market potential. Jeff Bezos's return to Amazon is examined, particularly his focus on operations during the pandemic. The hosts also tackle the quirky idea of face masks becoming fashion statements. Plus, Scott offers intriguing advice on achieving happiness amid changing times.
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PPP Loans Benefit the Rich
- Galloway argues that PPP loans primarily benefit wealthy investors and small business owners, rather than truly needy businesses.
- He suggests direct cash assistance to households would stimulate demand and be more effective.
PPP Loan Controversy
- Kara Swisher considers applying for a PPP loan, prompting a discussion about startups and media companies receiving these loans.
- Scott Galloway argues against startups taking PPP loans, citing Axios as an example.
Netflix's Success and Future
- Reed Hastings is lauded for his leadership at Netflix, particularly his successful pivot from DVDs to streaming.
- Galloway predicts Netflix will become the Amazon of entertainment due to its investments and access to capital.