Tech: Snap Wants to Be Profitable, Zuckerberg Wants to Stay Chairman

Industry Focus

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4.6 • 854 Ratings

🗓️ 19 October 2018

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

We've missed some major market news while we've covered some new tech issuances. Today we catch up, talking about:
- Snap CEO Evan Spiegel is pushing the company to be profitable in the face of concerns over its cash burn.
- Institutional investors waging a war against Facebook's founder and CEO Mark Zuckerberg.
- Google's extended dance with the European Commission over Android.

Stocks: SNAP, FB, GOOG, GOOGL

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Transcript

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0:00.0	Thanks to NetSuite by Oracle, the business management software that handles every aspect of your business in an easy to use cloud platform.
0:07.0	Get the free guide to crushing the five barriers of growth at NetSu.com. Slash Fool.
0:14.0	Welcome to Industry Focus, the podcast that dives into a different sector of the stock market
0:18.8	every day.
0:19.8	It is Friday October 19th and we're catching up on some big tech news. I'm your
0:24.6	host to Louis and I'm joined on Skype by senior tech specialist Evan New.
0:28.1	Evan we've been paying attention to some of these big new issuances lately.
0:33.2	We've been leaving some market news alone for a little while.
0:36.1	Yeah, it's been a lot.
0:37.0	A lot of companies going public, a survey monkey,
0:39.2	ten-cent music, it's just a lot going on on the IPO front.
0:42.8	And much as we love doing those S1 and F1 shows that do the breakdown of these prospectuses,
0:48.8	we got to pay a little bit of love to the big tech companies that are making headlines.
0:52.3	I think we're going to do that on
0:53.4	today's show talking a little bit about Snap, Facebook, and Alphabet and some of the big
0:58.1	news coming out of them. How do you feel about that?
1:00.3	Sounds good. Why don't we kick things off with Snap. A couple big news items coming out over the past few weeks.
1:07.5	Thought it might make sense to recap on those before the company reports next week.
1:11.5	We had a research note earlier this month from a
1:14.4	Moffat-Nathison analyst expressing some concerns about the company's
1:17.9	cashburn. This came as CEO Evan Spiegel is reportedly targeting full year profitability in 2019 and a stretch
1:27.4	goal of breaking even in Q4 of 2018.
	...

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