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Spotify Bets on Podcasts: Tech in 60 Seconds

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Hello I'm Nicholas Thompson I'm the editor in chief of WIRED and I'm here in our lovely offices in New York City

And this is Tech in 60 Seconds! Let's go! Yes? The theory of block change is that it eliminates the need for trust but what we actually know about blockchain now is that it just shifts where the trust needs to be put Yes! It's the most important thing happening to the economy The US president should be on top of it He had one sentence He should have had a lot more

No? The question is whether the decline we've seen, now three straight quarters, is because they're cleaning up the bots and spam In which case it's good or whether it's fewer people using Twitter in which case it's bad Probably The problem for Spotify is that as it scales the royalties it has to pay the music industry also go up with podcasts maybe they can have a better economic model Bezos! All right

See you next week

Source: Youtube

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