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1/ The impact on Seattle of this shift is even greater than other cities since the metro population is smaller. "Five Cities Account for Vast Majority of Growth in Tech Jobs, Study Finds" bing.com/amp/s/www.wsj.…
2/ One thing Seattle has done well is to not try to be "another Silicon Valley." Every city/region must find its own path to prosperity via differentiation. Yes, there are common elements like a major research university. No, Silicon Valley can't be fully replicated.
The report uses a specific standard for what qualifies as an "innovation job." R&D jobs in key technology categories is the test. Not every tech related worker qualifies under their definition. Every top 10 city has at least one major research university. brookings.edu/research/growt…
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Tren Griffin
@trengriffin
Simba: "Lured?"

Mufasa: "Gross subscriber additions must be greater than net subscriber additions given churn."

Simba: "A business must grow to not shrink?"

Mufasa: "The math is unavoidable my son. Churn is an embedded aspect of the Circle of Life."

news.google.com/articles/CBMia…
Zazu: "Cowen analyst still expects Netflix to hit or exceed its fourth-quarter forecast of 7.6M subscriber additions." Blackledge wrote, "assuming a portion would have churned regardless of Disney+'s launch; incremental churn appears manageable."

Mufasa: "Iger will be amused."
Rafiiki: "About one-third of Disney Plus’ U.S. customers — or 8 million as of the end of November — are on one-year-free offer from Verizon for certain customers, while the remaining 66% are on paid plans, Cowen’s analysts estimated." news.google.com/articles/CAIiE…
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Tren Griffin
@trengriffin
Understanding 1) how unit economics and cash flow impact value; and 2) doing a competitive analysis of the businesses, would require work so they instead write about profit as a shortcut. The shortcut only makes sense if profit predicts long term cash flow.wsj.com/articles/a-dec…
Anyone can look up reported profits of public businesses on one of many web sites. Those numbers supply zero informational or analytical edge. The value of a business is equal to the sum of the lifetime value of existing and future customers. That's a source of investing edge.
An income statement alone is not enough to determine whether a business is creating value. You must also understand the unit economics of the business and do a competitive analysis. When someone says a business is “making money” or “losing money” often they're avoiding work.
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Tren Griffin
@trengriffin
1/ Of ~ $210,000 to $220,000 of ticket sales last year, most of that goes to the movie companies. If he sells $1,000 of tickets for “Captain Marvel,” $650 or $700 goes to Disney. "I am really a concessionaire. I make my money on popcorn, not on the movie.” google.com/amp/s/www.wsj.…
2/ "AMC uses an algorithm to estimate how many bags it will sell each weekend. Popcorn is among the most profitable items at the concession stand." An average AMC customer spends $4.80 on food and drinks." wsj.com/story/how-amc-…
3/ "To achieve the room-filling scent and signature taste-bud-assailing butter flavor of movie-theatre popcorn, cinemas use Flavacol, a sandlike substance whose only resemblance to dairy is its paper-carton packaging. Flavacol is cheaper and easier to manipulate than butter."
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Christophe Barraud🛢
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Christophe Barraud🛢
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Naveed Jamali
@NaveedAJamali
I’ve toured parks in #Seattle where homeless camps reside. They are frightening and lawless. As the police have told me “you have no idea who lives in the tents or RVs.” I am mad. How many more women have to be brutalized before we accept this is a danger? crosscut.com/2018/10/fighti…
The people living in these tents are not doing so because of a lack of affordable housing or an inequality in education. Judging by the proliferation of needle and drug paraphernalia it is for other reasons.
#seattle has issues with equity. With 50% of Alaskan and native Americans not graduating from HS there are stark problems. But the guy shooting dope in a tent and doing b&es to support his $100/day habit isn’t representative of that inequity.
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