For Immediate Release
Chicago, IL—September 30, 2016—Zacks Friday Finish Line is a podcast hosted weekly by Zacks Editor Maddy Johnson and Content Writer Ryan McQueeney that takes on the week’s biggest news from the financial and investment world.
Who in the World Should Buy Twitter?
Welcome to Episode #14 of the Zacks Friday Finish Line Podcast?
A Busy Week for Spotify
This week, Maddy and Ryan kicked off the show with a pair of headlines surrounding Spotify. According to some reports, the music streaming giant is looking to buyout one of its many competitors, SoundCloud. At the same time, the company announced a soft-launch in Japan this week, becoming the first music streamer to offer a free, ad-supported service in that country.
The hosts then took a look at two IPO announcements. Jose Cuervo, the world’s largest tequila maker, filed for an IPO that could be worth up to $1 billion, and the luxury resort company Playa Hotels & Resorts announced its intentions to hold an IPO valued at $100 million. Playa plans to list under the ticker “PLYA.”
Major OPEC Announcement
Maddy and Ryan also touched on this week’s jump in oil prices following the decision by OPEC to cut its oil output for the first time since 2008. After two days of deliberation, OPEC member nations decided to reduce output to 32.5 million barrels per day (bpd) from current production of 33.24 million bpd.
Twitter Buyout Rumors Escalate
Finally, this week’s main story was the ongoing Twitter (TWTR - Analyst Report) buyout rumors. With companies like Salesforce (CRM - Analyst Report) , Alphabet (GOOGL - Analyst Report) , and Disney (DIS - Analyst Report) all reportedly interested, it appears like a Twitter takeover could be on the horizon. Maddy and Ryan looked at all of the rumors and offered their own insights into which potential companies would make the most sense to take over the struggling social media site.
Want More Zacks Friday Finish Line?
Check back every Friday for a new episode that looks at each week’s biggest financial and investment news. You can follow the Zacks Friday Finish Line Podcast on iTunes, Soundcloud, and ZacksInvestmentNews on YouTube.
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