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Number Crunch

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$142 billion: The amount of market value erased from ad-related company stocks after Snap Inc. posted its biggest ever one-day drop.

Apple caused a major stir in the digital world when it announced it would begin to restrict access to advertising data through its App Tracking Transparency feature earlier this…

Photo: GettyImages

I got a bizarre letter in the mail — yes, a snail mail — from Katelyn, a woman I’d never heard of before. In the letter, she invited me to join the Nextdoor app. She claimed to be a neighbor of mine. …

Source: Blank Street on Instagram.

There are 4,000 coffee shops in New York City. Blank Street thinks they’re all doing it wrong. The company just raised $25 million from Tiger Global and General Catalyst to blanket the city with mobile carts and micro-stores serving low priced, high quality coffee.

What is Blank Street?

Finding a cup of coffee in…

Two tough guy caricatures brandish clubs at one another; one wears a lapel badge with the Google logo; the other bears a badge with Microsoft’s. Between them is an open treasure chest, with the logos for Novell, Nortel and Motorola sticking out of it. In the background is a desaturated, blurred, low-contrast field of cellular masts.”

Capital-as-power, a framework from Jonathan Nitzan and Shimshon Bichler, holds that companies don’t seek to be as profitable as possible — but rather to accumulate as much power as possible. A company doesn’t seek to be as big as possible, but rather, as dominant.

https://capitalaspower.com/

There are two strategies for…

A photo of arm-wrestling over money is a good metaphor for what’s happening between FIFA and Electronic Arts right now. Too bad the former cannot hope to win this one. (Image: Gratisography, Pexels)

It’s not often that we get to have some fun with the modern entertainment companies themselves instead of their products — but this is exactly what’s happening in the last few days with one of the greatest video game publishers in the world, Electronic Arts, and FIFA, the “non-profit” organization…

Trend Mill

Photo: GettyImages

When Amazon launched its first cashier-less store in 2016 — a ‘just walk out’ store as the company prefers — it blew people’s minds. Was it an end to the dreaded supermarket queue? The ability to walk into a store, do your shopping, and leave without standing in a queue…

No Mercy No Malice

Two weeks ago, at the Code Conference, Endeavor CEO Ari Emanuel claimed “the total addressable market of content is infinite.” Netflix is spending $17 billion a year to validate his thesis. So far, they’re both right. Since last Friday, Netflix raised subscription prices in 11 countries by as much as…

Photo by Firmbee.com on Unsplash

We spend a lot of money every holiday season. Even in the heart of the pandemic, consumers managed to spend nearly a trillion dollars ($876 B), which was, remarkably, 4.1% more than the pre-pandemic previous holiday shop fest.

But for most of 2021, a storm’s been brewing and is now…

Photo by Tima Miroshnichenko from Pexels

Around this time last year, my company went through the process of hiring a new C-suite exec. Unlike a lot of other tech companies, the one I worked for was all about inclusivity and diversity, at least on the surface. They visibly and financially supported the Black Lives Matter movement…

Photo by Mathieu Stern on Unsplash

When the renowned investor Warren Buffett bets a million dollars on an outcome, it’s rarely a good idea to take the other side of it. In 2008, the hedge fund manager Ted Seides decided to try his luck anyway, taking on Buffett’s public wager that an index fund that tracked…

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Pop business for the intelligent reader. A publication from Medium.

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