But after a disastrous 2022 for investors, Spotify’s dive into podcasting raises key questions about the company at large:
The answers to these questions hold the key to whether Spotify can mount a turnaround in the eyes of investors in the years ahead.
[Editor Charlie sez: If you don’t know about the supervising stock that allows Zuckerberg, Page & Brin & Schmidt to control vast tech companies, read Chris Castle’s op-ed in the NY Post “The best way to hit back at Silicon Valley power: End supervoting stock held by insiders“]
In December, Facebook Inc.’s top brass gathered at Mark Zuckerberg’s more than 700-acre, beachfront estate in Kauai, Hawaii, for an unusual board meeting to discuss how to redirect the company after years of turmoil.
Changes came, but they weren’t what everyone expected, according to people familiar with the gathering.
Within months, Facebook announced the departure of two directors, and added a longtime friend of Mr. Zuckerberg’s to the board. The moves were the culmination of the chief executive’s campaign over the past two years to consolidate decision-making at the company he co-founded 16 years ago. The 35-year-old tycoon also jumped into action steering Facebook into a high-profile campaign in the coronavirus response, while putting himself in the spotlight interviewing prominent health officials and politicians.
The result is a Facebook CEO and chairman more actively and visibly in charge than he has been in years.
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