Pump the house music... Spotify dipped before the weekend on analyst concerns about Mom and Dad's music taste — American families want family plans ($14.99/month), not a bunch of individual ones ($9.99). That trend simply sounds less profitable for the music streamer.
Chaise, you've been demoted to chair... Restoration Hardware (AKA "RH") fell 22% because December's tough stock market psychologically affected its high-end furniture buyers. The CEO is confident though that his lavish plan to aggressively renovate and upgrade their mansion-sized stores (its NYC "Gallery" cost $50M to build) will fix "retail's lost decade." We dived into his unique strategy on our pod.
A really, really big poke... Facebook banned white "nationalist" and white "separatist" content last week (it's already been removing white "supremacy" content from the world's walls). But then the US government sued it for allegedly discriminatory housing ads. Now Zuck's asking Congress to write "new rules for the internet" so the social network doesn't have to.
Bundle my bundles... Apple splashed into gaming, premium news, and TV subscriptions for its biggest non-iPhone unveil yet. But shares ended the week down since it was so light on the how-much-will-this-cost-us-a-month details.