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To make money off streaming music? exactly, and as it's been said, the revenues... i spotify went public in 2018 and essentially is trying. to transform itself from a music - streaming company into a publisher. they're a media company. it's the same way when the - washington post produces a podcast. you know, we edit the content, i we have control over the content because it's associated with our brand. - it's our podcast. so this is a big transition, - basically from being a platform to being a straight up media . company, and with that comes lots of responsibilities. also, there is revenue t...

From a music streaming company into a publisher. they're a media company. it's the same way when the washington post i produces a podcast. you know, we edit the content, we have control over— the content because it's . associated with our brand. it's our podcast. so this is a big transition, - basically from being a platform to being a straight up media . company, and with that comes lots of responsibilities. also, there is revenue there. right now, advertising revenue is a really small portion - of spotify's revenue. they make only about 15%. they make much more from subscriptions. - but wh...

Right now, advertising revenue is a really small portion - of spotify's revenue. they make only about 15%. they make much more from subscriptions. - but when you look at the kind of ad prices that ads - in an exclusive podcast| can generate, you start to understand also why they're going into it, i not just differentiation, because streaming... l any artist can stream i in ten different places, so there's no differentiation in streaming — why it's hardj to make money. so you make these exclusive l deals with these really popular podcasters who are only. going to host their content on your se...

>> andrew yang, we appreciate you being with us. thanks so much for being here. people listen to what you said about ad prices because you're absolutely right. that will be the immediate proximate effect of michael bloomberg entering the race. >> that's the biggest impact we're looking at, john. see you soon. >> i also like the point he made that michael bloomberg didn't become a billionaire by turning away $1,000. what would he do with that? >> when they're on the debate stage, that's a question i'd ask andrew yang if michael bloomberg deserves his universal basic income. praising the man w...

Welcome back to "early start." it's "money time." stock futures pointing lower this morning, a day after the s&p 500 closed at a record high. the fed chief, janet yellen, she's blaming the weather for recent economic weakness, and she says interest rates will stay low for some time. but you know, investors are cautious. we've got a new gdp report later this morning. it could show that fourth-quarter economic growth wasn't as strong as expected. take a look at these stock numbers on this, the last trading day of february. yes, ladies and gentlemen, your 401(k) should probably be positive for th...