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Pinduoduo recently announced a move into real estate. Users paid a ~$1k refundable deposit to take part in a team purchase on a 1,000 unit property under development. 600 units were sold. It appears unrelated to the core business at first, but real estate has a high GMV and typically precedes many other large purchases made by new families. Similar... See more
Turner Novak • Pinduoduo and Vertically Integrated Social Commerce
Republic may build a secondary exchange for digital securities, fueled by $150 million in new funding
Techcrunchtechcrunch.com
“Everywhere that I have studied happiness some very simple patterns hold: a stable marriage, good health, and enough (but not too much) income are good for happiness. Unemployment, divorce, and economic instability are terrible for happiness—everywhere that happiness is studied.”
Jonathan Rauch • The Happiness Curve: Why Life Gets Better After 50
Snapchat still has an exclusive network of hard to reach consumers in the largest ad markets. This network of users also provides a unique image recognition data set that can be leveraged for ad targeting.
Turner Novak • How The Snapchat Redesign Could Affect The Stock [Originally published Dec 4th, 2017]
Talent is insignificant. I know a lot of talented ruins. Beyond talent lie all the usual words: discipline, love, luck, but, most of all, endurance. ...If you are going to be a writer there is nothing I can say to stop you; if you’re not going to be a writer nothing I can say will help you. What you really need at the beginning is somebody to let y... See more
Rolf Potts • 9 Outtakes from James Baldwin's Paris Review interview - Rolf Potts
ROI: ROI in this case is not how much you think the token price will go up. It’s how much income or cash flow the token is able to generate for you simply by holding it.
Nat Eliason • Tokenomics 101: The Basics of Evaluating Cryptocurrencies - DeFriday #19
I think digital therapeutics are just another proof point that we need to move past our current volume-based “number of units sold” pricing model and into an outcomes-based “did it actually work?” one.
Nikhil Krishnan • Digital therapeutics
The distribution channels that underpinned the rise of today’s Internet giants have dried up. Google, Facebook, and Amazon serve as a triopoly that dominates online advertising. The three accounted for 90% of US digital advertising in 2020, up from 80% in 2019. The arbitrage that once existed on these platforms has more or less disappeared and CPMs... See more