Supply and demand

[The beef 675] [I'm an image] "Friends don’t let friends use Pandora." - Jason, saving Jeff from himself [Read The Beef Online - Click Here]( Hey there carnivores, Markets remained mostly flat on fears that maybe this trade deal won’t happen after all... And today we’re diving deep on Spotify’s really terrible Monday. Keep raging, Jeff & Jason [Image] [I'm an image] Supply and demand [Image] Spotify’s stock price had itself a case of the Mondays, [falling 5%]( on rumors of increased competition in the space. From who, you ask? Amazon and TikTok... ever heard of 'em? (Editor's note: if you are over 30 and/or not "woke" here's a "[TikTok for Dummies](") Amazon announced that it would be expanding its Amazon Music digital offering, while TikTok could be gearing up to jump into the streaming fight. Choose your fighter So what do Bezos' music offering and Vine 2.0 bring to the table? Let’s break it down... Amazon [expanded]( the number of devices on which its current streaming option (not called Bezos’ Beats for the record) is available. Prior to Monday, those tunes were only available through Amazon Echo devices. Thanks, Alexa. And now? Users will be able to get their fix on iPhone, Android, and Fire TV devices. Amazon takes a tiered approach, with its free version allowing users to access playlists and radio stations, not unlike *shudders* Pandora. Those looking to upgrade to a paid subscription will experience a more Apple Music/Spotify-like treatment. Fresh meat TikTok parent ByteDance, on the other hand, is new to the world of music streaming, but its executives are “keen to make money,” according to reports. Because crabcakes and money, that's what executives do. ByteDance is [in talks]( with Universal Music, Sony Music and Warner Music to strike global licensing deals, and could launch their platform as early as next month. The bottom line... For now, Spotify is focused on what it does best, and that’s streaming music to as many people as possible... and stopping you from using your ex's account. The platform reports 248M monthly active users, including those who don’t pay. After a strong showing already in 2019, including more than 26M new subscribers, Spotify expects to bring its monthly active user base to somewhere between 255M and 270M. Thanks, Napster! For the end-user (read: you), the rise of new streaming services and the expansion could mean a few things. On the one hand, you’ll certainly have more choice when it comes to where you’re getting your baby-makin' music. On the other, the rise of competition within the streaming space means that it’s far more likely that artists will strike exclusive deals with whoever is willing to shell out the most cash. Whether or not that’s the smartest idea for artists is TBD (see: Jay-Z, Beyonce, and Tidal). Bottom line: “Remind me again what TikTok is...” [I'm an image] Do you even angel invest, bro? [Image] Quit investing like you belong at Del Boca Vista. You know what doesn’t create generational wealth for your family? Value investing. Or, worse yet, sitting on the sidelines altogether. I’m not saying that angel investing is for everyone (looking at the 35-year-old with a portfolio consisting of 75% bonds). But if you’re considering angel investing, you need to [join us on November 20th at 8:30 PM EST]( to learn about the next frontier for your portfolio. [RESERVE YOUR SPOT FOR FREE IN THE (VIRTUAL) BOARDROOM NOW]( [I'm an image] ☑️ Fiver. Five Below is pulling a Subway. No, their spokesperson wasn’t convicted of sexual offenses against minors … *does quick Google search* Ok, I’m like 99% sure their spokesperson doesn’t do that. Anyway, the bargain store [is moving its max price point]( for the first time in 17 years, raising the price of certain items above $5. Select toys, games, and tech products will be above that $5 threshold and kept in the “luxury” sections: ‘Ten Below Gift Shop’ and ‘Ten Below Tech’ respectively. [Dollar dollar bills ya’ll.]( ☑️ Say it ain't so, bro. Pharma bro, Martin Shkreli, [was denied another shot at freedom]( yesterday when his appeal request was rejected by the Supreme Court. The appeal rejection related to his ALLEGED criminal conviction for securities fraud means that Shrekli will serve out the remaining five years of his seven-year sentence. The former CEO of Turing Pharmaceuticals, who once raised the price of the drug Daraprim by more than 5,000%, will also forfeit more than $6.4M as part of his punishment. Ugh, why must bad things happen to good people? ☑️ WeLaidOff. Things keep getting worse for WeWork. The office space rental company [is preparing to lay off]( 4k employees in an effort to cut costs and become more financially stable. LOL, good luck. As many as 6k WeWorkers could lose their jobs, as a memo sent by Chairman Marcelo Claure noted that the all-hands meeting this coming Friday will focus on the changes coming to the company. "Hey, at least we get to wear jeans that day, right?" ☑️ Take the stairs. T-Mobile’s CEO John Legere [has announced]( he will step down from the position in May once the merger with Sprint has closed. He will be succeeded by current President and COO Mike Sievert, who has long been rumored to someday fill Legere’s pink converse shoes. JL was rumored to potentially take over as the CEO of WeWork, but he put those rumors to bed. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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