Bulls to January: “Good Riddance!,” Spotify Responds to Joe Rogan Controversy, Citrix to Go Private in $16.5B Deal, Cathie Wood’s Robinhood Bargain Hunt and Netflix Jumps
On the last trading day of the month, Carl Quintanilla, Jim Cramer and David Faber discussed a rough January for stocks and one of the worst-ever starts to the year for the Nasdaq. What could signs of a slowdown in China mean for the markets going forward? Spotify responding to the controversy surrounding its podcast hosted by Joe Rogan, who has been accused of spreading misinformation about COVID-19. The streaming service published its platform rules -- and said it will add a content advisory directing listeners to its COVID-19 information hub. The anchors reacted to Spotify’s move and Rogan’s apology. Shares of Citrix fell after the cloud company agreed to be taken private by affiliates of Elliott Investment Management and Vista Equity Partners for $16.5 billion including the assumption of debt. Also in focus: Why Netflix started the session as the top performer on the S&P 500, Cathie Wood’s ARK Invest buys Robinhood shares at record lows, and The New York Times’ surprise involving Cramer.
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