Also interesting that they didn't Wikileak these messages, some mainstream journalist had to do it for them. Probably they just hadn't gotten around to it
This only happened a few weeks ago so no one really knows how it will shake out.
That being said— nothing seems to have changed with regard to pizza places offering direct delivery. The changes on “the apps” are very noticeable but direct ordering seems normal.
I should note this is based on almost completing the order flow, I’m not so dedicated to data gathering that I ordered a bunch of food to test this.
I don’t think solvency was an issue here but another way of getting to the same place is that he felt he could deploy the capital more effectively elsewhere. He made a bet on Netflix because he thought he had some alpha. After he lost a third of it he had less faith in his original thesis and thus his allocation priorities changed.
Just for context Ackman’s 1.1B purchase would be worth about 2.25B today if he hadn’t sold it for 700M
Of course that doesn’t mean it was a dumb trade but his rationale in the letter doesn’t make a lot of sense to me. It has the vibe of something you would come up with if you needed to sound smart justifying a decision you had already made emotionally
Someone successfully did that! Tons of people that got demonetized on Youtube are doing great on Rumble. Including Russell Brand, as a matter of fact.
He also just got a strong statement of support from the owner of another large monetized video distribution platform (X fka Twitter). So he can always move his show there.
To be clear, the people who can run these models and worlds are also tethered to a PC. So the quest isn’t any worse than the competition. The complaint here seems to be that it isn’t better enough to justify… well something I’m sure
