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Amazon Is Taking on Spotify? What an $80 Million Deal With Dax Shepard Says About Amazon Advertising

TheMotleyFool

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Amazon Is Taking on Spotify? What an $80 Million Deal With Dax Shepard Says About Amazon Advertising: https://g.foolcdn.com/editorial/images/783441/person-listening-to-music.jpg

Spotify (NYSE: SPOT) has built the leading podcast business with its audio platform, creative tools, and advertising network, but Amazon (NASDAQ: AMZN) is trying to get into the game. An $80 million deal with Dax Shepard shows the company's interest in becoming a player in podcast advertising, which Travis Hoium covers in this video.

*Stock prices used were end-of-day prices of July 13, 2024. The video was published on July 15, 2024.

Source Fool.com

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