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saying, in hindsight, i probably got a bit carried away and overinvested relative to the uncertainty we saw shaping up in the market. and then also this week, we have louis theroux announcing a new podcast with spotify. so it's all going on and you could well be asking what is going on? let's try and find out. nick hilton's a podcast industry analyst. he runs the production company podot. nick, great to have you with us on the media show. help me out here. i'm trying to piece together what what's coming out of spotify. it's requiring a bit of tea leaf reading. we're not exactly sure. and obviously, no billion multi—billion dollar company tells people exactly what's going on in its its business

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