Spotify IPO, Amazon vs. Trump, & Key Trade War Facts
On today’s episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest stories, including Spotify’s unique first week of trading, the ongoing war of words between Amazon and President Trump, and what we have learned about the impending trade war so far.
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Music streaming giant Spotify, trading under the ticker “SPOT,” made its highly-anticipated debut on the New York Stock Exchange on Tuesday. Through a unique direct listing, Spotify opened at about $165 per share and eventually closed its first day at $149 per share, valuing the company at $26.5 billion—the eighth-largest tech IPO ever. Maddy and Ryan discuss everything investors need to know.
The hosts also chatted about the latest developments in the escalating battle of rhetoric between President Donald Trump and Amazon AMZN. Trump has targeted the e-commerce behemoth for a number of reasons, including perceived issues with the USPS and tax collection, as well as his personal beef with Jeff Bezos. The Finish Line team runs through the full list to see if they can spot the real source of the drama.
Finally, Maddy and Ryan recapped the latest developments in the trade dispute between the U.S. and China. Both nations released lists of goods that could be targeted with new tariffs if negotiations fall apart. Check out the show to hear what the hosts have to say about why these specific goods have been selected and whether this tit-for-tat trade war will actually become reality!
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Will You Make a Fortune on the Shift to Electric Cars?
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Amazon.com, Inc. (AMZN): Free Stock Analysis Report
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