In my opinion, one party California is a fascist state. Hey, SF just elected a Chavist as a DA: that person actually went and helped Hugo Chavez administration. By that yardstick, doing business in California is also immortal.
I am long on Uber: taxis are dead, it will not go anywhere. The only problem is that the board made a strategic mistake that felt good short term. They tried to retain users by pushing the founder out, and hiring a diversity CEO. This failed long term as any populist board move does. But they still have a chance to have their NeXT moment and bring Travis back.
It's not a company. It's a university, for God sake. If no free speech there anymore, then where? In the kitchen, like in the USSR?
Now if he was a pedophile, he should be in jail. But he is not, he is exersizing free speech, no matter how disgusting it is, he is entitled to it. Should Nabokov have been made unemployable too for writing Lolita?
And how do you know this is all wrong? At least I get to look at our app internal analytics and compare. Do you have access to their internal analytics? Also contrast this to https://trends.google.com/trends/explore?date=today%205-y&ge... . Instagram is 9 years old
I can only interpret that they are talking about logged in users with accounts. The users were logged out during the pre-IPO and that resulted in some double counting in their second post IPO 10-Q.
I was researching this because I asked myself a general question: "Why is the stock price of non dividend paying companies correlated to the performance at all?"
"Disclosure: I am/we are long PINS. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha)"
The lockup period does not expire till mid-october.
I read their 10-Q and found this gem about "user re-authentication":
"Users
MAUs at quarter-end were 300 million, representing growth of 30% year-over-year. This represents an acceleration in user growth, in part due to one-time changes to SEO algorithms and user re-authentication that impacted Q218. International growth drove the majority of global MAU expansion."