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25iQuiz: Is it odd to talk about LTV and CAC in an earnings call and not reveal what that are?

Why might the numbers required to calculate unit economics not be revealed?

"The CAC to LTV is sound. It gives us a good ROI a strong payback period."

google.com/amp/s/www.fool…
"While they didn't disclose the standard [unit economics] metrics, two interesting customer metrics they did disclose were 'core clients' and 'client spend retention.'" thetaequity.com/post/upwork-ip…
investors.upwork.com/node/7211/html
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More from @trengriffin see all

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Tren Griffin
@trengriffin
"The Pot Stock Bubble Has Burst. Here’s Why" bloomberg.com/news/articles/…

Answer: entrants and illegal incumbents have increased supply to a point where prices don't support return on capital even close to cost of capital for listed firms. Heavily taxed and regulated product.
"Canopy paid more in share-based compensation in its fiscal second quarter than it generated in revenue. General & Administrative costs (C$87.9mn) were also greater than period revenue,” said Kirk" news.google.com/articles/CAIiE…
In his classic “Five Minute University” routine on Saturday Night Live the comedian “Father Guido Sarducci” pointed out: “Economics? Supply and Demand. That’s it.' google.com/amp/s/25iq.com…

Weed grows like a weed. The idea that only demand matters is insanity. Is there a moat?
Read 3 tweets
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Tren Griffin
@trengriffin
"India's telecom giants post $10bn loss amid fight against upstart Jio" asia.nikkei.com/Business/Telec…
When a mobile operator must pay a fee based on revenue (whether or not revenue is adjusted), it is potentially put in a situation where COGS can kill unit economics/create existential risk. ndtv.com/india-news/nir…
Do you understand what happens to mobile operators when networks run CNFs on K8s/bare metal or enable network slicing, a single OSS layer and a core separating control and user planes? Is investing in this sector within your circle of competence? Do you have an analytical edge?
Read 3 tweets
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Tren Griffin
@trengriffin
Earnings are a clue about long term future cash flows. They are a too irresistible short cut for a writer who wants to avoid doing a valuation of a business:

"Investors would now have to fork out about 41 times estimated earnings to buy Ferrari stock."

washingtonpost.com/business/ferra…
"Industrial free cash flow now projected to exceed EUR0.6 billion, supported by the strong collection of the advances of the Ferrari Monza SP1 and SP2, lower tax payment and the phasing on some investment programs between 2019 and 2020." google.com/amp/s/www.fool…
The number of times I have bought a partial interest in a business based on something like:

"Ferrari N.V. (RACE) Formed Double Top Chart Pattern"

is never.
Read 5 tweets

Related threads

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Per Bylund
@PerBylund
There is a lot of confusion about the concept of good in #economics. While thinking of goods as products (or services) is an easy shorthand, it doesn't quite capture economic reality. And it induces logical mistakes and outright errors. Economics is not primarily about physical
reality, but about the use of it from the perspective of human wants. In other words, it matters little whether a thing is a thing. What matters is if that thing can be used toward some valued end, and then if this use is an economizing use. In other words, what makes a good a
good is not the physical thing itself, but the value we find in it because it is serviceable toward some valued end. There are plenty of things that are not goods, because they are either not scarce (so we do not need to economize them) or not useful. Oil was an utterly useless
Read 21 tweets
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Per Bylund
@PerBylund
Is #economics a #science? Not as it is colloquially defined ("uses The Scientific Method"), and the same is true for all social sciences. Proper economics is best understood as a way of thinking, an understanding for the fundamental logic of social phenomena. Its job is not, as
natural sciences are designed, to predict and support engineering, but to uncover the true processes and mechanisms behind the phenomena we see and think (often mistakenly) we understand. This is what economics has done since the very beginning, and why it was both the queen of
the social sciences and the 'dismal' science. It was the 'queen' because of its power in explaining social and economic processes and mechanisms as emergent from individual behavior: the (inter)actions of persons. For example, economics explains the significance of market prices
Read 12 tweets
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Pedro Nicolaci da Costa
@pdacosta
"#Economics has long been the purview of men; almost all the names in early economic thought were men, with the notable exception of Joan Robinson, a member of John Maynard Keynes’s inner circle of Cambridge economists." - @LipstickEcon americanprogress.org/issues/women/n…
"More recently, women economists have risen to prominence, such as Janet Yellen, the chair of the Federal Reserve." (Trump replaced her with a less qualified man: businessinsider.com/trump-picked-p…)
"Still, women make up only just more than 30 percent of new PhDs in economics and their proportions are lower further up the career ladder: Only 15 percent of full professors in economics are women." businessinsider.com/gender-and-rac…
Read 14 tweets
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Steve Faktor
@ideafaktory
#economics thread

@aoc's expansionary, unconstrained domestic spending proposal #GND (Green New Deal) is based on #MMT (Modern Monetary Theory).

It argues only regulating inflation & unemployment matters, not
deficits.

Some of my problems with MMT...

en.m.wikipedia.org/wiki/Modern_Mo…
I'll let @paulkrugman handle MMT's explicit problems. Mine are with its implicit presumptions:
1—We know how to manage long term vs short term
2—Global interdependencies don't matter
3—permission for uncapped spending
4—ignoring effect of aging
5—We can control inflation post-MMT
1) LT vs ST
Even w/traditional keynesianism, we are terrible at ½ the theory. SAVE during booms, spend during downturns. We've got the 2nd half down. Not the first one. Is there anything in our history that might suggest we are capable or willing to make good LT rate decisions?
Read 12 tweets
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Turner Novak
@TurnerNovak
$SNAP Q4 earnings today. Bad DAU numbers will tank the stock, but Snapchat has a core, sticky userbase and is being under-monetized.

Here's a thread on the Facebook Power Law and a look at how Snap could do up to $10 billion in revenue in the US alone in its current form.
Lots of going on at Snap (see link), but as someone who appreciates product and design, I've learned a lot following their product strategy (ie: creative new revenue generation in consumer social). Lots of lessons from what Snap has done right.

marketwatch.com/story/snap-ear…
To summarize my prior Snap earnings threads (below):

Snaps per Day is Snap's key metric, the US and EU are what matters for monetization, its ad prices are insanely low, and the market is not appreciating Bitmoji, Snap's AR platform, or the Snap Map.

Read 54 tweets
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Dr Andrew D. Choi
@AChoiHeart
Intro to #CAC Tweetorial!

For #ACCFIT, @FiRSTSCCT @ACRRFS #ACCImaging,
@heart_scct #YesCCT #AHA18 #SCCT2019 #Cardiotwitter 😀😀

*⃣Case
*⃣Basics on CAC
*⃣CAC & prognosis
*⃣ACC/AHA 2018 vs SCCT 2017 guidelines
*⃣Case follow-up
(1/n)
Here’s a case – similar to patients we see everyday in the primary care and cardiology offices. (2/n)

72 year-old asymptomatic healthy 💃
BP 117/74, BMI 22
Lipids: TC 270, TG 100 HDL 90 LDL 155
ACC/AHA ASCVD Risk: 10%

#AHA2018 #YesCCT #CAC #ACCImaging
POLL:

Based on the clinical information, would you (3/n):

#AHA2018 #YesCCT #CAC #SCCT2019 #ACCImaging #Cardiotwitter
Read 14 tweets

Trending hashtags

#access #BradyRule #TRANSFERENCE #trade #SoHelpMeGod #Ratlines #pattycake #hushed #complexsystems #JUDGE #LIE #discovery #cunt #FBI #theory #People #algorithms #HaveANiceDay #ALF #PissedOffness #Ireland #PROOF #IMPLIEDINTENT #EUR #memes
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