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money was being funneled to consumers, who were happy to receive heavily subsidized services, while Bird and DoorDash and MoviePass all burned cash to acquire customers,
Reeves Wiedeman • Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork
And Coinbase, compared to FTX, was a boring and bloated casino. It had fifteen times the number of employees FTX did, and only about a fifth of FTX’s volume. Charging retail investors fees between five and fifty times what FTX charged, it was still running big losses. Even so, it was a public company, with a market capitalization of more than $75
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
I have come to see Blumer as the iconic representation of the ideas in this book. He has been able to take precisely the forces that were upending his field and turn them to his advantage. In a more prosaic way, he was able to transform how price is determined. This is one of the most important elements of our new economy. We no longer have to
... See moreAdam Davidson • The Passion Economy: Nine Rules for Thriving in the Twenty-First Century
#211 with Julian Shapiro - The 3 Cheat Codes Startups Use to Print Cash
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