Josh Wolfe Profile picture
Mar 23 6 tweets 2 min read
Congressional question for TikTok CEO:

1/ With such widespread influence bringing joy to people why has TikTok blocked videos about human rights in China—particularly those that on Xinjiang internment camps and Uyghur genocide—disabling accounts of users who post them?
2/ Why has TikTok down weighted posts deemed sensitive by the Chinese government and Chinese Communist Party, LGBTQ+ people, disabled people, and certain African-American hashtags?
3/ In February 2022, German newspaper Frankfurter Allgemeine Zeitung reported that automatic subtitles in videos containing terms such as "reeducation camp," "internment camp," or "labor camp" were replaced with asterisks.

Why?
4/ With Russia’s attacks on Ukraine TikTok's censorship has permitted pro-Kremlin news but blocked foreign accounts and critics of the war, as a result "Russians are left with a frozen TikTok, dominated by pro-war content".

Why?
5/ After the murder of George Floyd sparked unrest + protests around the world on May 25, 2020, creators claimed TikTok was deliberately suppressing videos that used the hashtags #BlackLivesMatter and #GeorgeFloyd, with these videos appearing to receive no views.

Why?
6/ TikTok has admitted to spying on US users + US journalists without their consent or knowledge. Why? mashable.com/article/tiktok…

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More from @wolfejosh

Mar 23
1/What is objection to promoting everyone have non-lethal home tasers + widespread "gun clubs" 🔫(which can also have distributed but locked 🔫 depots protected by 4+ armed guards to ensure self regulation of a well regulated militia if needed to fight threat of govt tyranny?
2/ You can go to Skip Barber racing or wherever and drive 200mph and then you go home and don't drag race on the roads...

and still respect variety of Speed Limits and speed bumps and road rules and School Zones because we don't want kids or innocent people killed...
3/ And like anyone that locks their gun gets tax break 🏛or cash 💰or both and a cool t shirt 👕and a beer cozy 🍺that says

"Protect our 2 yr olds AND the 2nd Amendment"
Read 7 tweets
Mar 21
1/
Last year Lux––having been thru cycles of equity + credit bubbles—shared 3 strategies we see winning this next cycle. I’ll keep a thread on #3 of these:

CONSOLIDATION

(where our existing co’s follow good governance + capital allocation in M&A to consolidate their sectors)…
2/ Fundamental strong + cash rich Lux family co @AppliedInt—led by brilliant Qasar Younis

—Acquires SceneBoxAI…
3/ Lux family co @mavenclinic led by smart + savvy @_KateRyder––

Acquires Naytal (UK based) expanding international footprint…

CONSOLIDATION
Read 5 tweets
Mar 12
PROTECT CUSTOMERS

NO bailout for banks
Failed banks should fail
Investors in failed business should fail
Mismanaged or bad business should fail

protect customer cash accounts from predators
CPR Act❣️= Cash dePosit Recovery Act
ONLY customers get their cash back
BREAKING from Treasury/Fed/FDIC

*SVB: fully protects ALL depositors
*Signature: closed. ALL depositors will be made whole

NO bailout
Management removed
Shareholders + unsecured debtholders will not be protected
NO losses to taxpayers
YES special assessment on banks to cover
3/ Also BREAKING––
Fed announces backstop $25B funding to meet needs

FULLY PROTECTS all depositors (insured + uninsured)

BTFP (Bank Term Funding Program) which is way less cool of a name than my “CPR❣️” (‘Cash dePosit Protection’ program) above…
Read 4 tweets
Mar 7
1/ Use this simple framework to figure out the AI craze

*ABUNDANCE
*SCARCITY

The “directional arrow of progress”proceeds from Auto-generated Gmail replies >>which presaged imminent Microsoft CoPilot full generated emails…
2/…whose frequency + volume sent by salespeople + marketers (if not sent by CSV sheets auto scraped and uploaded to CRMs) will make you wistful for Nigerian Spam emails…
3/ Instead of ChatGPT making us smarter it will actually just LOWER the cost of RAISING the size of funnel for lead-gen…

Next comes…
Read 8 tweets
Feb 23
1/ Just released. New Lux LP letter. Q4 2022…

(a few LPs have said it has ome of our boldest calls + positioning in a decade––based on what we believe happens next in MARKETS + MACRO—even as cutting-edge science + technology marches ahead…)
2/ from STRIFE to STRIVE

-Lux top 10 co’s have warchests nearly $5B of cash
-PAST prudence ought lead to powerful FUTURE potential
-new rounds 50-80% LOWER
-ownership (entry price) x outcome (exit price) x positiong sizing (based on incremental returns on incremental capital)
3/ Everyone wants to be invested TODAY––where they ought’ve been 5yrs ago

EXPECT
-widespread surprises
-large layoffs
-big LP pullback (OVERcalled/overallocated)
-GP stress (UNDER-reserved; under duress)
-punishing pay2pays + hi structured terms
-small funds = existential risk
Read 14 tweets
Feb 20
1/ low-barrier-to-entry proliferation of co's in a given category leads to
-competition that LOWERS📉prices + RAISES📈quality + features for CONSUMERS
-followed by laggard incumbent M&A of early leaders
-then 2nd place cult followers
-then INVESTOR loss, collapse + consolidation
2/ Fitbit was early category leader, Google laggged and knew Apple watch was going to be category leader, so...

predictable M&A...
3/...Niche tech cult favorite like WHOOP has had room to follow, and may end up being or needing to be acquired by Samsung or other hardware entrant (Peloton, Snap? Msft? foreign player) competing with Google + Apple that wants wrist real estate or certain demographic
Read 5 tweets

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