A bit muddled I think. Spotify wouldn't be as keen to dump it's music business and get into podcasts through exclusivity if it's core business worked as well a

A bit muddled I think. Spotify wouldn't be as keen to dump it's music business and get into podcasts through exclusivity if it's core business worked as well as claimed. Likewise, Netflix hasn't actually imploded. It's share price was overvalued and it's now undervalued, but the core parts of it's business are the most solid they've ever been - they just need to be brave enough to do unpopular things and turn them into a profitable business like raise prices, dump the binge model and crack down on account sharing. And they're starting to do that.