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 3 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
Costolo: Advertising is undefeated because ARPU far exceeds premium subscriptions
“Advertising is undefeated as a business model. What you end up finding is that the average revenue per user is just much, much higher than you can get from a premium subscription.”
Costolo: First mega-cap IPOs will soak up limited institutional liquidity
“Again, another, another advantage to going first and, or going second and not going third is there's not infinite capital out there. You're going to want to be in, you know, one or two of these things, and then probably, probably not all three Although we'll s…”
Costolo: Founders going public must prepare teams for baseless 15-20% stock swings
“My advice to people who are having taken a company public before and are about to do it is you need to prep the team for, hey, we're about to go into a world where the price of the stock can change even though nothing particularly happened today. Like the stoc…”