"Apple CEO Tim Cook links Facebook's business model to real-world violence"

...yeah like Uighurs concentration camps – wouldn't want that 🤥

cnbc.com/2021/01/28/app…
... this dood has revealed himself to be a rare turd:
... a massive turd:

"a naively optimistic perception
fueled by a false narrative (vs an inevitably flawed reality) is the more dangerous of the two... a la Tim Cook and Apple"

... whocouldanode:

Apple's proprietary IDFA successor, SKAdNetwork, gets privileged App Install Ads access after kneecapping the 3rd party marketplace – another in a series of Strategy Credits-cum-Taxes by Tim Cook, et al

$aapl #principalagentproblem

Image
... another whocoulanode:

Chinese apps banding together to amass a first part fingerprinting trove as an end-around Apple's geographically-constrained ATT initiative

$aapl #IDFA #regulatoryarbitrage
... Twitter's shifting revenue mix (increasing targeted direct response ads and deemphasizing brand ads) is another interesting narrative violation in Apple's IDFA push

... I'd say it's an unintended consequence of ATT, but we told you so

medium.com/adventures-in-… $twtr $aapl #DR Image
... huge turd, Tim Apple:

Immediately after IDFA/ATT rollout, $aapl launches new App Store ad units in the "Search Tab" – preceding SERP 💩

... @benthompson read the fine print on another $aapl lie/hypocrisy/obfuscation, a la its Illinois Brick paradox:

"Apple is absolutely collecting specific demographic data...and using it to target you with ads" stratechery.com/2021/apple-ads… #ATT #privacy #IDFA

ImageImageImage
... Apple's new Hide My Email and Mail Privacy features are more shots across digital advertising's bow:

"could take control of ID and most deterministic [targeting... taking them] away from social media [giving them] to iOS and Android"

$aapl #IDFA #ATT
... Apple drinks your milkshake:

"attribution post [ATT/IDFA] dual-sided consent has gone up by 27% for Apple Search Ads and down 93% for all other networks”

$aapl
... well-said by @benthompson:

"[advertising] limitations of the analog world were not due to some sort of societal consensus, but to the limits of technology... tracking isn’t going anywhere... the question at play is who gets to do it"

stratechery.com/2021/philosoph… $aapl #IDFA #ATT Image
... continued:

"Apple, meanwhile, just drops bombs... Google Chrome has operated in the open... Apple decided to just blow up everything first... But somehow GOOGLE is the one that’s accused of not being open and transparent... Apple just get a pass"

Image

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More from @AnthPB

26 Mar
@sheeraf @CaseyNewton would love to continue our convo – had two questions:

1️⃣ scale legal system to exact individual user liability (in cases of legal abuse a la brandenburg or libel)?

2️⃣ more democratic solution for everything else (instead of centralized corporate arbiters)?
... I proposed arbitration as least bad solution for 1️⃣ and @sheeraf's Myanmar example was best exhibit of what I called the "geopolitical problem"

... but can we talk about the US only for a sec?
... I know, 'home country bias', etc; but 1️⃣ is in the spirit of domestic progress on these issues in light of congressional hearings – specifically the *legal* aspects of free speech on social media per US law – so I wanted to focus on that
Read 4 tweets
29 Dec 20
Empirical research about index fund flows, ETFs, and a self-reinforcing size factor bias...
$SPY $VOO $IWB $IWM #distortion #distortedmarkets
... a 1-sigma spike in fund flows predicts +3.5pp outperformance for size ("SMB" = small minus big)
... dollar volume matters as much as (if not more than) market cap:

e.g. speculators in singlenames can be marginal buyers inflating prices (with asymmetric size bias due to bandwagon a la $aapl $tsla) by reducing supply for more structural ETF demand

Read 4 tweets
23 Dec 20
$arkk $arkg becoming the dog wagging the tail...
... more $arkk pieces from this week:

@DaveNadig interview with ARK COO did a deep dive into the ETF family's liquidity/capacity hypotheticals (spoiler alert: ARK's ETF-mandated transparency means investors are buying $arkk, et al to own the underlying)

etftrends.com/ark-coo-tom-st…
Read 19 tweets
13 Nov 20
Good story about Van Halen, Sammy Hagar, and brands/branding from @trengriffin's 25iq archives...

25iq.com/2018/01/06/sam…
... reminds me that "Brand" (in the financial sense) is the dark matter of financial modeling and valuation

... if no other quantitative measure can explain an asset's relative premium, then we often simply drop that premium in the intangible goodwill bucket

#brands #branding
... which reminds me that we should be reporting CAC and eLTV, while capitalizing most R&D!
Read 8 tweets
10 Oct 20
/1 One caveat to this @Jesse_Livermore and @patrick_oshag...

Friedman's maxim "inflation is always and everywhere a monetary phenomenon" is somewhat apt here -- albeit somewhat inaccurate in its original context (i.e. money supply causation)...

/2 @Jesse_Livermore correctly draws a line between fiscal and monetary stimulus vis a vis inflation...

However, we did not see much spending or inflation spike after the 2008 or 2020 fiscal stimuli because of *expectations*...
/3 @ReformedBroker made observations similar to yours in his recent post (thereformedbroker.com/2020/10/07/les…)...

and it *sounds* correct because of what we know about marginal propensity to consume vs save (MPC vs MPS) from classical econ...

but it's *not* accurate in COVID-19 economy... Image
Read 23 tweets
19 Feb 20
@Wike_Meinstein @johnloeber @BlairReeves @nikillinit Yes, there are only 1.1k MAUs, but **all subscribers are automatically enrolled**...

If you're a subscriber and want to participate, just go to the Forum URL, which is run atop Discourse, and you just use your email and PW from your sub and there's already a profile for you...
@Wike_Meinstein @johnloeber @BlairReeves @nikillinit This might have caused a bit of a disturbance in the force (which I can understand and respect), but, to wit...

The Stratechery Forum has now removed the "Users" page where you could once view the aforementioned community data 🤷‍♂️...

@Wike_Meinstein @johnloeber @BlairReeves @nikillinit ...nevertheless, I can now confirm that the exact number of active Stratechery subscribers is 25,189 per a remaining loophole (the "Groups" option in the Forum) 🏁
Read 4 tweets

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