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Trung Phan 🇨🇦 Profile picture
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11 Jun, 6 tweets, 3 min read
this is a devastating discovery
ME: I’ll never eat Nutella again.

ALSO ME:
Nutella post from Reddit: reddit.com/r/coolguides/c…

Def follow @TrungTPhan for other Reddit gold:
In 2013, Ferrero paid $3m to settle a lawsuit that said Nutella's label had false advertising: "An example of a tasty yet balanced breakfast."

truthinadvertising.org/wp-content/upl…
Oh wow, Kraft marketing a Nutella alternative with a “no Palm oil” claim

(h/t @TremblayBenoit6)
Have gone too deep down this Nutella rabbit hole, will be writing a thread about the Fererro Group and how it built a $40B confectionary empire (Italy’s richest family)

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More from @TrungTPhan

Trung Phan 🇨🇦 Profile picture
13 Jun
Been rounding up Reddit posts that reveal "industry secrets". Here are some great ones 🧵

1/ Live Events

"At any concert you attend, the best sound will be directly in front of the engineer at the main soundboard."
2/ Book Writing

"It costs about $200k to put your own book on the top of the NY Times Bestseller List. All you have to do is buy a lot of copies yourself."
3/ Casino

"I'm not in the casino industry, but I am in the fire service: Casinos pump an extra 1% of oxygen into the air to make you more alert and give you more energy. You stay longer and spend more money. It's also why casino fires are so catastrophic."
Read 23 tweets
Trung Phan 🇨🇦 Profile picture
11 Jun
Salesforce Ventures is crushing late-stage investing:

◻️Monday: $75m @ IPO —> $10m+ gain on first-day pop
◻️Zoom: $100m @ IPO —> ~$300m exit (3x)
◻️Snowflake: $250m @ IPO, position is ~$750m (3x)
◻️ Auth0: $120m investment —> $408m w/ sale to Okta (3.4x)
Salesforce had a $2.2B investment markup gains in 2020 (40% of EPS).

Other late-stage investments:
• Databricks
• Twilio
• nCino
• Dropbox
• Tanium
Startups love Salesforce Ventures cause they don’t block deals and don’t take a board seat
Read 5 tweets
Trung Phan 🇨🇦 Profile picture
10 Jun
1/ Steve Jobs famously said innovation is "saying no to 1000 things" before you say yes.

For more than a decade, Apple has used Pablo Picasso's Bull to drive home the lesson.

Here's a breakdown 🧵
2/ In Dec. 1945, Picasso created "The Bull", a series of 11 lithographs (stone prints).

With each successive print, a bull is simplified and abstracted. Picasso's goal was to find "spirit of the beast".

At Apple, employees are taught this philosophy.
3/ Below is the 1st, 4th and last stone print.

Picasso's bull progresses from:
◻️ a realistic drawing
◻️ to a deconstructed image with his famous "abstract" style
◻️ to a series of lines outlining the bull's shape
Read 15 tweets
Trung Phan 🇨🇦 Profile picture
9 Jun
Pretty Wild. GameStop's CEO, CFO and CSO are all now former Amazon execs.

$GME IS A TECH COMPANY!
Interesting side note:

The original letter that Michael Burry wrote to GameStop's board in July 2019 criticized the company for letting Amazon acquire Twitch.

For Burry, that signalled an inability to properly allocate capital and that GME should do share buybacks instead.
Sorry: Elliott Wilkes is the CGO, Chief Growth Officer (not Strategy)
Read 4 tweets
Trung Phan 🇨🇦 Profile picture
8 Jun
The Wall Street Bets due diligence on Wendy’s is gold.

The catalysts are:
◻️ The release of a new summer salad
◻️ The @Wendys Twitter account, which has mastered “meta pragmatic roasting” (which is effective with younger people)
◻️ The fact it literally sells chicken tendies
OP: reddit.com/r/wallstreetbe…
Here’s a more fundamentals-driven analysis of Wendy’s

reddit.com/r/wallstreetbe…
Read 5 tweets
Trung Phan 🇨🇦 Profile picture
7 Jun
If you need to know how savvy Mayweather is as a business person, watch this.

He literally knocks Paul out but holds him up to extend the fight and increase the odds of a rematch PPV payday LOL
I’ll tell you where the real genius is. We have no idea if this *actually* was a knockout.

And we’re all talking about it.

They both about to get more bags.
follow @TrungTPhan for other amateurish video deep dives
Read 6 tweets

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