The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Taussig: High-margin eBay is losing market share yearly to Vinted
“Usually the highest EBITDA margin businesses have the lowest growth, right? And so it's this kind of funny thing where You know, the business like eBay has a great EBITDA margin. It hasn't really, it's not really growing and it's kind of losing market share ev…”
Taussig: U.S. retail saw more store openings than closings in 2017
“There were actually more store openings than closings across the retail sector in 2017.”
Taussig: Google and Facebook capture ~90% of recent ad growth
“Something like 89 or 90% of growth in advertising dollars
In the last year or so was inside of Google and Facebook.”
Taussig: The average consumer downloads net zero new apps per month
“The average consumer downloads net zero apps each month.”
Taussig: MBAs created tens of billions in startup market cap since 2008
“The counter argument that an MBA disqualifies you from participating meaningfully in the startup ecosystem is just not true. And there's actually just in my class in business school, Harvard business school, 2009, you had rent the runway, thread up cloud flare…”
Taussig: Amazon burned only $3 million in cash before its 1997 IPO
“When Amazon went public in 1997, up until that time, it had only consumed about three million dollars of cash, and that's about half of what it would have burned without the negative working capital effect.”
Taussig: Airbnb spends 18% of revenue on marketing versus 30% for competitors
“Something like 18% of revenues on marketing, whereas bookings and Expedia spend 30%, and that's because they have unique inventory.”
Alex Taussig: US e-commerce accounts for only 10% of total retail
“E-commerce is still only about 10% of total retail in the United States.”