Discover and read the best of Twitter Threads about #napster

Most recents (4)

Today's Twitter threads (a Twitter thread).

Inside: Venture predation; and more!

Archived at: pluralistic.net/2023/05/19/fak…

#Pluralistic

1/ A giant pile of manure with...
Venture predation: A pile of shit this big MUST have a pony underneath it!



3/  Image: Eli Duke (modified)...
Read 23 tweets
#Dow plastered #Singapore with ads for a sneaker #recycling program, promising to turn shoes into playground tracks. But the shoes it collected in "recycling" bins got dumped illegally in #Indonesia. This isn't strange: it's how nearly *all* plastic recycling *always* worked. 1/ A woman kneeling to tie her running shoe. She stands on a ba
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

pluralistic.net/2023/02/26/car… 2/
Plastic recycling's origin story starts in 1973, when #Exxon's scientists concluded that plastic recycling would never, ever be cost-effective (#ExxonKnew about this, too). 3/
Read 59 tweets
Today's Twitter threads (a Twitter thread).

Inside: Matt Ruff's "Destroyer of Worlds"; and more!

Archived at: pluralistic.net/2023/02/21/the…

#Pluralistic 1/ Image
Matt Ruff's "Destroyer of Worlds": A return to "Lovecraft Country."

2/ Image
#20yrsago Bertelsmann sued over #Napster web.archive.org/web/2003040120…

#15yrsago Random House Audio abandons audiobook #DRM craphound.com/DRMLetter22108…

#15yrsago Collective intelligence spontaneously arises among #ARG players — paper from I Love Bees creator avantgame.com/McGonigal_WhyI… 3/ Image
Read 17 tweets
1/ Thread: $SPOT Deep Dive

80 pg. slide deck here 👉🏼 patient-capital.de/s/SPOT.pdf

In this thread I'll walk you through my assumptions for the bear, base and bull case for Spotify.

The deck has seven chapters, starting with "SPOT AT A GLANCE".
2/

With 172m paid subs and 381m MAUs $SPOT is the clear leader in music streaming (35% ms). SPOT is 2x the size of its nearest competitor $AAPL in terms of paid subs and has 2x the user engagement.

But so far SPOT never turned a full year profit + the stock dropped sharply TTM.
3/

In music, $SPOT has to pay out ~2/3 of rev to rightsholders, its supplier base is highly concentrated (top 4 labels account for 78% of all streams).

To loosen the labels’ grip on economics, SPOT pushes into podcast adverts with 45-50% gross margin potential vs. 30% in music.
Read 25 tweets

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