WEBVTT - Coinbase Falls, Spotify Climbs, Datadog Gains on Positive Earnings

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg.

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<v Speaker 3>Data, it's got to look at some of the stocks

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<v Speaker 3>on the move today. We can do that with Bloomberg

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<v Speaker 3>Market's correspondent Normal Linda Nor.

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<v Speaker 1>What are you looking at? Well, let's kick things off

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<v Speaker 1>with Coinbase.

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<v Speaker 4>We're looking at shares of Coinbase lower earlier, down as

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<v Speaker 4>much as more than three percent, but they are pairing

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<v Speaker 4>in at the climb pretty substantially, just below flat right

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<v Speaker 4>now as we speak. This is Tacker COI in but

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<v Speaker 4>we are seeing that JP Morgan did cut its price

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<v Speaker 4>target on the stock by twenty seven percent.

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<v Speaker 1>Now.

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<v Speaker 4>The company's actually citing crypto volumes. We know that we've

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<v Speaker 4>been seeing a bit of volatility, if you'll call it that,

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<v Speaker 4>in the market last week.

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<v Speaker 1>But I'm looking at bitcoin right now. Where is it.

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<v Speaker 4>We're seeing it hanging around six sixty eight thousand roughly

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<v Speaker 4>right now, so still looking down on the day, down

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<v Speaker 4>about one point nine percent in trading.

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<v Speaker 1>All right.

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<v Speaker 4>Next up, looking at shares of Spotify in the green.

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<v Speaker 4>This stock is really auditory today for its best day

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<v Speaker 4>since twenty eighteen. We're seeing shares soaring as much as

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<v Speaker 4>nineteen percent, and this is after the company reported that

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<v Speaker 4>it's paid premium subscriptions has increased by ten percent. So

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<v Speaker 4>the company is actually pointing toward its wrapped campaign, which

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<v Speaker 4>I'm sure all of you remember. At the end of

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<v Speaker 4>the year, that's when Spotify releases what your top songs

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<v Speaker 4>have been for the year, and they're saying that they

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<v Speaker 4>feel as of that campaign, as well as a launch

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<v Speaker 4>of an enhanced free tier, has really helped uspur growth.

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<v Speaker 1>Do you guys do the rats campaign?

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<v Speaker 3>First of all, let's just start basics. I am not

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<v Speaker 3>a Spotify subscriber. Okay, are you those Spotify?

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<v Speaker 1>I am?

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<v Speaker 5>Are you?

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<v Speaker 3>John So two and two?

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<v Speaker 1>I have to thank you for that?

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<v Speaker 3>All right? So no, I'm not a but so.

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<v Speaker 1>Where are you?

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<v Speaker 4>What are you?

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<v Speaker 1>Pandora? What's terrestrial radio? Interrestial radio? Serious?

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<v Speaker 3>XM oh?

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<v Speaker 1>Okay, that's good, that's good.

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<v Speaker 5>Yeah, Yeah, I do Pandora, but I don't pay for it.

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<v Speaker 5>I have to listen to all their stupid commercials. And

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<v Speaker 5>when you do, like listen to one of their channels,

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<v Speaker 5>it's the same songs over and over.

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<v Speaker 2>Does ers XM two Like I like to listen to

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<v Speaker 2>the eighties channel or the nineties channel.

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<v Speaker 1>It's the same songs over and over again. I'm a

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<v Speaker 1>little bit earlier, just when it gets the vibe.

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<v Speaker 3>B it give us one more here.

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<v Speaker 1>Well, let's take a look at Data Dog.

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<v Speaker 4>We're seeing shares up as much as seventeen percent on

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<v Speaker 4>the day. This is ticker dd OG. This stock is

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<v Speaker 4>hitting its best days since November, and this is after

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<v Speaker 4>its first fourth quarter results beat expectations. Though some analysts

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<v Speaker 4>are calling out and they think that the outlook looks

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<v Speaker 4>a tad bit conservative conservative, but overall they say that

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<v Speaker 4>this stock has really gotten caught up in the broad

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<v Speaker 4>based selloff of software names. It's still down more than

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<v Speaker 4>forty percent since his November peak, but on the day,

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<v Speaker 4>essentially this tree is really digesting that fourth quarter results speed.

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<v Speaker 1>That's really pushing this stock along.

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