Offshore
Photo
Stock Analysis Compilation
Clearbridge on Criteo $CRTO US
Thesis: Criteo’s pivot to the retail media space positions it for strong growth, making it an undervalued opportunity in the digital advertising sector
(Extract from their Q2 letter) https://t.co/A16teliWvf
tweet
Clearbridge on Criteo $CRTO US
Thesis: Criteo’s pivot to the retail media space positions it for strong growth, making it an undervalued opportunity in the digital advertising sector
(Extract from their Q2 letter) https://t.co/A16teliWvf
tweet
Offshore
Photo
Librarian Capital
UK banks now obligated to reimburse fraud victims
New Payment Systems Regulator rules start today
Reimbursement of up to £85k in 5 business days
Banks need to prove customer "complicit in the fraud" "grossly negligence" to not reimburse
Covers UK-to-UK payments
$LLOY $NWG https://t.co/HszK9hg1nV
tweet
UK banks now obligated to reimburse fraud victims
New Payment Systems Regulator rules start today
Reimbursement of up to £85k in 5 business days
Banks need to prove customer "complicit in the fraud" "grossly negligence" to not reimburse
Covers UK-to-UK payments
$LLOY $NWG https://t.co/HszK9hg1nV
tweet
Offshore
Photo
Librarian Capital
Re-posting list of Fundsmith exits with proof of dates
Exited Diageo $DGE in Aug-24 after LAC over-stocking
Exited Estée Lauder $EL in Aug-23 after China blow-up
Exited Adobe $ADBE in Mar-23 after Figma deal
Exited PayPal $PYPL in Dec-22 after COVID bubble
(Thread) https://t.co/3u89oZMOlO
tweet
Re-posting list of Fundsmith exits with proof of dates
Exited Diageo $DGE in Aug-24 after LAC over-stocking
Exited Estée Lauder $EL in Aug-23 after China blow-up
Exited Adobe $ADBE in Mar-23 after Figma deal
Exited PayPal $PYPL in Dec-22 after COVID bubble
(Thread) https://t.co/3u89oZMOlO
tweet
Offshore
Photo
Librarian Capital
"The smaller the liquor bottle, the bigger the alcohol problem" (h/t yannispappas on Threads)
Similar logic also motivates minimum pack rules for cigarettes
In the US, it is illegal to sell cigarettes in packs of fewer than 20
(21 C.F.R. § 1140.16(b)) cc: $MO $BATS $IMB https://t.co/hoE5EnZzs6
tweet
"The smaller the liquor bottle, the bigger the alcohol problem" (h/t yannispappas on Threads)
Similar logic also motivates minimum pack rules for cigarettes
In the US, it is illegal to sell cigarettes in packs of fewer than 20
(21 C.F.R. § 1140.16(b)) cc: $MO $BATS $IMB https://t.co/hoE5EnZzs6
tweet
Offshore
Video
Startup Archive
WhatsApp founder Jan Koum explains why he charged $1 for the product to intentionally slow growth
Sam Altman recalls:
“I remember in 2011, people would say WhatsApp is never going to work because they charge a dollar and it’s a viral app and that’s just going to kill it right there.”
But Jan explains that charging $1 was a very intentional lever WhatsApp used to slow growth:
“I know it sounds very counterintuitive - why would you want to slow your growth? We wanted to slow our growth so we could better support our existing users. So we could build servers that don’t crash. So that we could build a product that doesn’t drop messages. So that we could answer their customer support emails.”
A lot of people told Jan and the WhatsApp team this was a bad strategy, but Jan compares it to what Facebook did in the early days: “They were doing colleges only, and they weren’t open to the entire world.”
WhatsApp wanted to do the same thing:
“We wanted to make sure that we have our existing users happy, and that when people sign up, they have a great experience, and that the app works, and it’s fast, and the servers are up and running all the time. And I think that worked for us because we were really able to focus on the product.”
Video source: @ycombinator (2014)
tweet
WhatsApp founder Jan Koum explains why he charged $1 for the product to intentionally slow growth
Sam Altman recalls:
“I remember in 2011, people would say WhatsApp is never going to work because they charge a dollar and it’s a viral app and that’s just going to kill it right there.”
But Jan explains that charging $1 was a very intentional lever WhatsApp used to slow growth:
“I know it sounds very counterintuitive - why would you want to slow your growth? We wanted to slow our growth so we could better support our existing users. So we could build servers that don’t crash. So that we could build a product that doesn’t drop messages. So that we could answer their customer support emails.”
A lot of people told Jan and the WhatsApp team this was a bad strategy, but Jan compares it to what Facebook did in the early days: “They were doing colleges only, and they weren’t open to the entire world.”
WhatsApp wanted to do the same thing:
“We wanted to make sure that we have our existing users happy, and that when people sign up, they have a great experience, and that the app works, and it’s fast, and the servers are up and running all the time. And I think that worked for us because we were really able to focus on the product.”
Video source: @ycombinator (2014)
tweet
Offshore
Photo
Librarian Capital
Remember Dido Harding, after messes at TalkTalk and COVID Track & Trace, applied to head NHS England?
Even the Tories didn't go for it
Sharon White, after messes at Ofcom and John Lewis, now eyes the Cabinet Secretary job
FT gave her fawning lunch done by self-described "good friend", so they likely think she will get it
tweet
Remember Dido Harding, after messes at TalkTalk and COVID Track & Trace, applied to head NHS England?
Even the Tories didn't go for it
Sharon White, after messes at Ofcom and John Lewis, now eyes the Cabinet Secretary job
FT gave her fawning lunch done by self-described "good friend", so they likely think she will get it
John Lewis chair Sharon White: ‘I always ask: what’s the upside?’ https://t.co/5XTTiqE0Vj tweet