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Tren Griffin
@trengriffin
, 3 tweets, 2 min read Read on Twitter
25iQuiz: What factor or factors in the unit economics of the delivery business is determined by its share of the food vendor's revenue?

"in 2017, rival Grab Holdings approached her with an offer to undercut Gojek's take of 15%" straitstimes.com/business/compa…
Seems like a competitive business in some areas. bing.com/amp/s/www.live…
People can now have bologna delivered by Amazon in Bologna, but only if they ask for mortadella, which some people believe is a bunch of baloney.

Sorry. I'll let myself out...

freshplaza.com/article/218185…
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More from @trengriffin see all

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Tren Griffin
@trengriffin
1/ People are asking me what I thought about the Netflix special. The video clips of Mary Gates were special. Mary was a role model for me and many other people. She was a force of nature. Kind, smart, interesting, hard working, determined and charming. netflix.com/title/80184771
2/ Bill talking about his grandmother Adelle teaching him how to play cards including bridge was revealing. Adelle told me once at her house on Hood Canal that she would tell Bill to "think smart" as they played cards. They called her "Gam" and she gave Bill the nickname "Trey."
3/ I wrote about Mary Gates in my blog post on being a board member. 25iq.com/featured-indiv… The portrait in a UW Hall named after her is perfect. The quote from one of her speeches was an excellent choice. She said: "It's not what you get or what you give. It's what you become."
Read 6 tweets
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Tren Griffin
@trengriffin
"LTE attained 4.7 billion connections worldwide as of June 2019,
representing 53% of all wireless connections worldwide. 250M were new in 2Q 2019. LTE represents 88% of all mobile connections in North America as of June 2019." bloomberg.com/press-releases…
"In the early 1980s AT&T asked McKinsey to estimate how many cellular phones would be in use in the world at the turn of the century. The consultancy concluded that the total market would be about 900,000.”

>3X that many new LTE connections were added every day in 2Q 2019.
McKinsey's forecasts assumed customers would always use a land line phone if one was available. McKinsey didn't understand the value of mobility. People like Craig McCaw realized than humans hate being tied to a desk by a phone cord. He believes: "humans are naturally nomadic."
Read 3 tweets
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Tren Griffin
@trengriffin
1/ I've often said to myself that my greatest fear is not being able to read for some reason. That would be a subset of my brain "not working" since I would listen to audio books or learn Braille if it meant I could still read.
2/ Charlie Munger was at one time developing a condition in his one "good" eye that was causing it to fill up with blood. He was told he would eventually go blind. When he learned this he told someone close to him, “It’s time for me to learn braille.” 25iq.com/2015/11/14/cha…
3/ Charlie Munger: "As long as I have a book in my hand, I don’t feel like I’m wasting time."

"I don’t know anyone who’s wise who doesn’t read a lot. But that’s not enough: You have to have a temperament to grab ideas and do sensible things." google.com/amp/s/25iq.com…
Read 3 tweets

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Emmanuel Michael
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Welcome to today's session of #HRwithEM, a weekly #TwitterSession #TweetChat to connect, learn and share career development tips, employee experience practices, as well as resolve burning #HR issues and/or questions. #Job #Business #Opportunities
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#Libia 3 (mission impossible)

#Airports have become vital strategic assets for the many militias vying for #Libya’s vast natural resources.

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Investing Panda
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Has Doordash really overtaken $GRUB & Ubereats, per this @FortuneMagazine piece? "Though DoorDash is top when it comes to consumer $; it trails Uber Eats in total # transactions."
IMO, data seems suspect due to my informal polling.
#delivery $uber
1. According to bit.ly/2WjB5ZY @jonathanmaze, $GRUB is still top
2. Restaurant give delivery co too much power. Contrasts $GRUB & $UBER mentions vs no mentions of $SYY Sysco
3. Shouldn't $10B delivery rev be / by 15% take to get correct rev comparisons w/ restaurant
1. Delivery attracts new customer for restaurants $MCD: 70% of delivery were ppl who don't dine-in, ~30% cannibalization
2. Avg check per delivery 2x dine-in check; offsets $ to $GRUB
3. $PNRA spent $100M + $2 net variable exp for own delivery
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Andréa Worden 吴玉婷
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#UN #NGO cmte mtg 1/24/19: PRC continues its scorched-earth attack on "incorrect" references to #Taiwan and #Tibet by NGOs seeking #UN consultative status. #China rep requested several orgs "correct" "erroneous" refs to "Taiwan as a country." 1/x un.org/press/en/2019/…
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China Biodiversity Conservation and Green Development Fdn app deferred b/c US asked the org "to explain how its leadership is determined or elected, and what activities it undertakes as an observer to the governing body of the United Nations Environment Programme (UNEP)." 3/x
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Fernando Nieto
@fnietom
On July 18, 2010 ArtForz started mining bitcoin with GPU, reducing drastically the reward for the rest of the miners. The result was pretty interesting: instead of putting them out of business, the price jumped 10x to fully compensate the new difficulty. ofnumbers.com/2014/04/20/how…
The subjective theory of value states that the value of a good is determined by the importance an acting individual places on it. ArtForz was not selling, so he restricted the offer forcing buyers to reconsider the subjective value of bitcoin and buy at CPU miners price.
Pricing collectibles such as #gold or #bitcoin is very different from pricing other objects. When #offer is depleted #price can quickly jump orders of magnitude. #monetization #hyperbitcoinization
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