Apple Music Could Outpace Spotify, Tech Giants Prepare to Release Earnings
Apple Music is on track to overtake Spotify. According to The Wall Street Journal, Apple is growing its U.S. subscriber base by 5% every month, compared to only 2% growth from Spotify. If Apple continues to grow at this pace, it could overtake Spotify in the U.S. by the summer.
In our weekly Grab & Go segment, we preview earnings reports from Twitter, Snap, and Tesla. Investors will be looking to see if Twitter can return to growth. Snap hopes its app redesign will turn things around. And Tesla's revenue is likely to grow while profitability will take a hit due to higher than expected production costs for the Model 3.
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With a ban on the horizon, Frank McCourt, Founder of Project Liberty, wants to purchase TikTok and put people in control of their digital identities and data.
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Matt Durot, Senior Reporter at Forbes, joins Cheddar to unpack all things Elon Musk including his soaring wealth, relationship to Trump and if he has a will.