Home owns are owned by people, not the home itself. If someone fails to pay a loan, their own credit score will be impacted
For these PE loans, its the new company that takes on the debt, not the buyer. Essentially any broke person can "afford" any trillion dollar company this way
eBay is dying, new competitors are being created constantly, and the big ones like Poshmark are getting more North American buyers and sellers. eBay has barely grown since their post covid slump
Maybe eBay survives as an international site but even at that point, with $20B in debt this will just follow the regular PE playbook of shutting down after many layoffs and pivots
The entire concept of, "I have $1,000 in the bank, im going to buy a $10,000 company, but the debt will be on the companies name, not mine" needs to pass. Can you imagine if the mortgage was owned by our home, not ourselves. And we could stop paying it without any personal consequences
If you want to buy a $50B company, you should pay $50B (loans are fine, but not putting the new company in debt)
if you've ever been through a Meta loop (and their method is to cast an extremely wide net, so chances are you have), you've seen how inefficient their loop can be for long term success
6-7 38* minute interviews, while the interviewee is trying to squeeze in showcasing their skills and experience, the interviewer is obsessed with figuring out a rigid set of pre-determined "signals"
Once these candidates actually start work, their success in the team is a complete coinflip
* 38 minutes = 45 minute scheduled - 2 minute intro - 5 minute saved for candidate questions at the end
Labubus peaking and falling doesnt really say much about scarcity and trends. Labubu is made by a public company, who's stock skyrocketed, and essentially decided to go all in and mass produce to meet the popularity
thats one option. But other companies sometimes choose to keep the scarcity and secrecy for years, even decades, and if they play their cards right it keeps working
Labubus fall is more about its makers decision to increase sales numbers instead of keeping them flat and generating more and more and more hype
Hermes can sell a $15,000 Birkin to everyone, im sure they can figure out the supply chain aspects if they really wanted to. and within a month everyone that wanted one would have one and sales would drop. Hermes will have a spike in sales, followed by a drop
Instead they force you to play years long games with their sales staff to get an opportunity to spend $15,000. And decades later people still opt in to spending thousands of dollars on plates and scarves hoping one day they will be offered one
This is just as true about a $40 Supreme, or Aime Leon Dore T-shirt, than it is for a $15,000 handbag. If you keep the scarcity going just right, it lasts much longer
When sales are still growing YoY (like the post covid market), but prices are up 30% or 40%, you understand your customer is still willing to pay the higher price
Its similar to a McDonalds or Starbucks situation where you just keep increasing prices dramatically until you get a first quarter of lower than expected sales, then you start adapting downwards
Most corporations still haven't hit that limit, see streaming companies increasing prices every few months, they still haven't hit the point where profits decrease YoY. When they do the streaming prices start decreasing
a company with 800 million weekly active users, and only losing $10B-$15B before implementing ads - which IMO is coming fast and soon to the LLM world - i would never calculate a 90% chance their shares end up at $0 before an exit option
This is the easiest money and best relationship JPM could imagine
Every consumer facing tech company with a paid product (physical or digital) I've worked at had Android as <10% of conversions. This includes just retail browsing from their phone shopping. Android users make no one money
Unless they're trying to join iOS group messages I guess
You think Facebook would let a large percentage of users use a 3rd party app that blocks all advertisements, tracking, and other monetization? Look at how Meta treated the whole Apple tracking ordeal
If a lone dev would have made an app like Apollo for FB, they would be under 10,000 pages of litigation the next day
People don't use the FB app because its great. They would love a non-tracking version of the same service. It's just not allowed
So GME dilutes by 20%, stock price immediately goes down by 20%. its not some infinite money hack