Winner Take All: Recent Episodes
Alex Moazed
Winner Take All is a business & tech news show covering the world of platform businesses, tech antitrust, regulations, and innovation. Hosted by Alex Moazed and Nick Johnson, authors of the Amazon Best-Seller Modern Monopolies.
This week, we had the opportunity to sit down with Adrien Nussenbaum, Co-founder and CEO of Mirakl. With over 400 marketplaces powered by its technology and surpassing $6 billion in gross merchandise volume, Nussenbaum is an invaluable resource into the industry's trajectory and the future it holds.
From humble beginnings in 2012, Mirakl has become a driving force behind the B2B marketplace revolution. The company empowers businesses to create and operate their own online marketplaces, connecting buyers and sellers on a global scale. Mirakl has also launched additional product offerings around related value added services like financing, advertising, finding suppliers, seller operations, and product data.
Nussenbaum’s new book, The Online Marketplace Advantage, is a comprehensive guide to launching, operating, and scaling online marketplaces in today's dynamic eCommerce landscape. The book explores factors driving the exponential growth of online marketplaces and offers insights from 30+ leading brands that have successfully transformed their businesses.
In this interview, we sit down with Tyler Ellison, the founder of ChemDirect, a leading B2B marketplace connecting buyers and suppliers in the chemical industry. Tyler shares his insights on how logistics and supply chain services have been a key driver for ChemDirect. He also discusses the unique characteristic of having users who are both buyers and sellers on the same B2B platform. This interview provides a fascinating look into the world of B2B marketplaces and the challenges and opportunities that come with connecting buyers and suppliers in a highly specialized industry.
chemical #supplychain #founderstories —
Alex Moazed speaks with Bar Geron, founder of Balance, a fintech company that focuses on digitizing B2B e-commerce payments by developing one-click checkout payment tools.
Balance was co-founded by Bar Geron and Yoni Shuster, who were former employees of PayPal, the company helps B2B e-commerce merchants and marketplaces to get paid instantly, process any payment method, and offer flexible terms. Balance has raised $87 million in total funding, including a recent $56 million Series B funding round led by Forerunner. The company works with hundreds of merchants and dozens of B2B marketplaces, targeting legacy industries not as digitally savvy in payments, including lumber, chemicals, steel, retail, and food. The checkout space is reflective of a new stage of the economy, where Balance is taking the next step in eCommerce for the entire supply chain, offering self-serve transactions in ways that were only previously available in B2C channels.
fintech #b2b #startupfounders
In this interview, I speak with Fabrice Grinda, a founder of FJ Labs. With over a thousand unique investments made across different life cycles of FJ funds, Fabrice shares his Marketplace-centric approach to investing, and the importance of investing in extraordinary people who are trying to solve the world's problems. Fabrice also talks about his accidental transition from being a tech founder and CEO to becoming a VC and why he chooses to invest in network effect businesses and marketplaces. Throughout the interview, Fabrice discuss various topics related to investing in marketplaces, including investing in marketplaces all over the spectrum from B2C to B2B, both product and service-oriented platforms. This interview is packed with valuable insights for anyone interested in the world of marketplaces and VC investing!
Fabrice talks about how he believes B2B marketplaces are at the very beginning of their journey both in the US and globally. Fabrice highlights that the penetration of digital is very low in B2B and about how the entire supply chain needs to be digitized, including ERP integration, payments tracking, and how suppliers are involved. Grinda suggests that in some cases, the elasticity of supply and/or demand is such that a platform cannot have a take rate.
Fabrice suggests that there are many tricks to making B2B marketplaces work, such as offering a free tool to the supply side or demand side to help them manage their business better. Also highlighted, that monetization of B2B marketplaces may not come from the transaction of the marketplace component. Instead, B2B marketplaces may monetize through SaaS or by offering ancillary services for insurance, factoring, or logistics. Fabrice gives an example of a hairdresser and barber shop marketplace that grew to a volume of billions of annual GMV and monetized by getting an extraordinary deal on payments and sharing part of that discount with the barber shops.
venturecapital #marketplaces #investorinsights
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In this interview, we speak with Rob Johnson, the President of the Institute for New Economic Thinking, about the state of the U.S. economy in 2023 and the recent closure of Silicon Valley Bank. Johnson shares his insights on a range of topics, including:
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The overall health of the U.S. economy and its prospects for growth in the coming year
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The impact of inflation on consumers and businesses, and whether it is likely to persist
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The role of the Federal Reserve in shaping economic policy and its response to recent events
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The closure of Silicon Valley Bank and what it says about the state of the tech industry and the broader economy
Johnson brings a wealth of experience to these topics, having served as Chief Economist of the Senate Banking Committee and as a Managing Director at Soros Fund Management. He is a leading voice on economic policy and has been featured in numerous media outlets.
economy2023 #economicpolicy #techindustry
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📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC
❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/
🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall
At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.
In this interview, I sit down with Sultan Meghji, a seasoned entrepreneur and former Chief Innovation Officer at the FDIC. Sultan was the FDIC's first ever Chief Innovation Officer and ended up leaving the position and penning an op ed in Bloomberg titled: Why I Quit as FDIC Innovation Chief: Technophobia. I talk with Sultan about the blockers he ran into at the FDIC and what he witnessed as the agency continuously jury-rigged 20th-century rules to cover 21st-century technology. Get an inside look into Sultan's journey from his background in finance to his innovative work at the FDIC, and gain valuable insights into his thoughts on the future of innovation, crypto, and global leadership in the financial sector.
Why I Quit as FDIC Innovation Chief: Technophobia: https://www.bloomberg.com/opinion/articles/2022-02-22/i-quit-as-fdic-innovation-chief-because-of-regulators-technophobia
FDIC #Fintech #innovation —
📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC
We open the show with a look at the ongoing turmoil around TikTok and parent company ByteDance. We look at what AI ChatGPT thinks of TikTok and at news that ByteDance is expanding into enterprise software offerings. Next, Twitter files have revealed that the Federal Government sent payments to Twitter. We look at the emerging evidence about these payments and ponder what Elon being Cheif Twit means for these arrangements. Also covered, the long term effects of the FEDs rate hikes and inflation now coming down, Amazon settling with the EU (sorta)", and an overview of how B2B distributors are looking at tech going into 2023.
00:00 - Follow Applico for the latest on platforms
00:38 - ChatGPT on TikTok
04:32 - ByteDance Expanding to Enterprise Software
05:46 - Why was Twitter paid by the Federal Government?
11:49 - Interest rates and inflation in 2023
19:23 - Amazon settles with the EU
29:08 - B2B Distribution Tech Survey
techpodcast #b2bbusiness #2023predictions
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I connect with Kristin Savilia to talk about JOOR, a platform that connects brands and retailers globally to deliver seamless digital wholesale management from connection to payment. Applico ranked JOOR #2 in our 2022 Top 50 B2B Marketplaces ranking.
00:00 - Follow Applico for the latest on platforms
00:20 - Joor in Applico's Top 50 B2B Marketplaces ranking
00:44 - Kristin Savilia background
01:31 - What does Joor do?
02:58 - Joor growth and GMV
04:19 - Joor's hybrid apporach to the fashion industry
06:33 - Brands and catagories on Joor
08:59 - Fashion is a relationship business
10:09 - Will Joor look to monetize building new connections/relationships for brands?
11:01 - Marketplace is only one segment of Joor's business
14:18 - The SaaS to marketplace trend
16:47 - Rollout of Joor Pay
20:36 - Joor's international geograpies
22:01 - Partnerships vs building tech yourself
25:01 -- Do retailers get product data from Joor?
26:26 - A one stop procurement solution for retailers, buyers and merchandisers
29:33 - Will Joor expand into other verticals like cosmetics and home?
31:50 - How Joor is approaching sustainability and supply chain vetting
35:39 - Kristin Savilia bullish on this kind of fashion marketplace
37:50 - Joor's focus and priorities for 2023
39:35 - Why DTC brands need to consider wholesale
41:01 - Closing remarks
JOOR | The World's Premier Wholesale Management Platform - https://www.joor.com/
Joor #fashion #wholesale —
It's a packed episode with analysis of Amazon's complaints about regulation in India, YCombinator changing up it's president to Garry Tan, and Home Depot moving into B2B. Also covered in this episode, Reid Hoffman sticks by the blitz scaling strategy, and what Zuckerberg said during his visit with highly scrutinized podcast kingpin Joe Rogan.
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01:28 - Amazon vs India regulators
09:27 - YCombinator Exec Changes
15:39 - Home Depot and Lowe's target B2B revenue
24:40 - Was Blitz Scaling a good idea?
29:20 - Zuckerberg on Joe Rogan reactions
BlitzScale #ycombinator #podcasts
The episode kicks off with an in-depth look at Farfetch's deal to buy Yoox Net-a-porter from Richemont. The luxury fashion space is an especially interesting vertical for platform innovation and there's a lot of unpack and ideate on with this new deal. Next, news has come out that Chinese tech giant Tencent is divesting its assets under pressure of an economic downturn and aggressive tech regulation in China. We close the show with a laugh at GameStop's newly launched NFT marketplace.
00:00 - Subscribe and fight big tech!
00:44 - Farfetch YNAP Deal
20:27 - Tencent sells off investments
28:40 - Gamestop's NFT Marketplace
Tencent divestment strategy sends chill through China’s tech sector: https://www.ft.com/content/24f7b605-3052-4476-ae2d-a2d0028e70a4
businessnews #B2Bnews #platformbusiness —
The show opens looking at the Twitter leak from whistleblower Peiter “Mudge” Zatko. Next, eBay has purchased a trader card company called TGCplayer. Is this a good move for the struggling auction based eCommerce platform? Also covered, Penn National completing its acquisition of Barstool sports and DoorDash teaming up with Facebook to deliver marketplace items.
00:00 - Subscribe and fight big tech!
00:18 - Twitter Whistleblower
11:56 - eBay buys TCGplayer
23:50 - Penn National acquires Barstool Sports in full
31:58 - DoorDash and Facebook Marketplace team up
Platformbusiness #Podcast #startupinvesting —
Elon Musk has successfully completed his $44 billion deal to purchase Twitter. The newly self dubbed "Chief Twit" walked into Twitter offices carrying a sink. Twitter CEO Parag Agrawal and CFO Ned Segal have left the company after day one of Elon's takeover. Musk will take the company private and many reports indicate Twitter will see trimming of unnecessary staff members. The Tesla CEO marked the occasion by tweeting “the bird is freed".
elonmusknews #breakingnews #twitterdeal
We kick off the show with an update on Elon Musk's purchase of Twitter. Next, I document why I think manufacturers are making a big mistake around tech investments and why B2B distributors need to be weary. We close the episode with a look at two happenings out of China, a new article detailing how Chinese startups depend on U.S. market public offerings and what is going on with Bytedance founder Zhang Yiming.
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01:29 - Elon is Buying Twitter
16:29 - B2B Manufacturers grave mistake
32:03 - Chinese Startups Need U.S. IPOs
41:48 - Bytedance Founder Leaves China?
elonmusknews #b2bmarketplace #ipostocks
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It's a quick episode of the show covering two topics! First off, I look at the American Innovation and Choice Online Act, a bill that prohibits certain large online platforms from giving preference to their own products on the platform. I look at how this bill could benefit companies damaged by big tech's ongoing anti-competitive practices and, to be fair, also look at Amazon's literature on the subject. Next, I detail continued investments from Manufacturers into tech startups. I analyze some recent deals and question whether or not manufacturers may just be teeing up the B2B industry for a big tech takeover.
BigTech #Podcast #Anticompetitive
We kick off the show looking at a new leak showcasing Facebook's devious actions in Australia after Australia had passed a world-first law aimed at making Google and Facebook pay for news content on platforms. Also as a bonus, we have a laugh at Facebook's anti-facebook chat bot. Next, video platform Rumble is suing Google for suppressing search results and favoring YouTube. Also in this episode, continued volatility of tech and PE valuations and why startup debt deals may become more commonplace over the next few years. We end with a look at Flow, WeWork founder Adam Neumann's new venture backed by Andreessen Horowitz.
investingnews #startupinvesting #bigtech —
The episode starts with a look at tech companies big and small cutting back on workers and slowing hiring. Next, an in-depth look at grocery delivery analyzing what incumbent grocers are rolling out delivery tech and whether or not they're keeping up with disruptive startups in this space. Also in this episode, startup accelerator YCombinator pivots away from having larger class sizes and Google faces a new antitrust battle. The show closes looking at Butler Hospitality's sudden closure in what appears to be a catastrophic management failure.
podcast #MBA #bigtech —
Applico CEO Alex Moazed and Director Nick Johnson sit down with 3 time tech disruptor Mitch Lowe. Lowe is known for heading up MoviePassas CEO, being a founding executive at Netflix, and President of RedBox. Mitch has detailed his amazon journey from high school dropout to tech executive in his new book Watch and Learn: How I Turned Hollywood Upside Down with Netflix, Redbox, and MoviePass—Lessons in Disruption. We asked Mitch about the new relaunch of MoviePass, the role Web3 will play as media evolves, how he managed the enormous growth MoviePass experienced, what COVID would've done to the subscription service, and lessons learned from Netflix and from Reed Hastings.
moviepass #ceointerview #startupinvesting —
We start the show with a look at the bizarre narrative around inflation and why so many sources are trying to claim that a recession is not happening in the United States (and how big tech is helping spread this misinformation). Next, Amazon has made waves with its proposed acquisition of One Medical, a technology-powered national primary care organization. Also covered, how some big tech players have failed to innovate around health, Twitter's kerfuffle about user growth before the whole Elon Musk Saga, and a hindsight view at the tech valuation mania of the past few years.
podcast #startupinvesting #venturecapital —
The show opens with a look at LIV, a new professional golf tour funded by the sovereign wealth fund of Saudi Arabia. LIV has quickly become a challenger to the PGA via a marquee strategy. I do some analysis on how sports leagues can be considered platforms and what strategies are being employed in this new battle for the top spot. Next, a look at how members of congress trade stocks and a bill that may put a stop to lucrative trading on insider information. We close out with a look at some updated analysis on Amazon's efforts in B2B markets.
AmazonB2B #StockTrading #Podcast —
To start the episode we take a look at a recent Financial Times story detailing how fake social media posts from Chinese misinformation groups attempted to derail a new rare earths mining operations in the U.S.. Next, Alex looks at TikTok's response to the BuzzFeed leaks and a report detailing how China is putting pressure on Elon Musk over Starlink internet being used in the Ukraine. The show concludes with a look at the U.S. potentially limiting tech investment into China.
podcast #businessnews #China
The episode kicks off with a look at inflation and some real estate data that may hint as to whether or not the FED's rate hikes are working effectively. Next, we take a look at Elon Musk announcing that he is backing out of the Twitter deal and I discuss if I think this transaction will ever actually happen. Also covered, Amazon striking a deal with Grubhub that could net the eCommerce giant a 15% stake in the delivery platform and a look at the livestream shopping landscape in the West. The show ends with discussion on Thrasio, an Amazon seller aggregation business that is struggling with the current economic slowdown.
Originally Aired: 07/15/22
Amazon #Podcast #Inflation —
It's the first official day of the recession in the U.S. and we kick off the episode looking at what this means and why the media doesn't seem to be paying attention. Next, in a move predicted on WTA pre pandemic, Pinterest has finally made a change at CEO. Will new CEO Bill Ready be able to finally tackle commerce on the platform? Also covered, venture capital firms hurting as startup valuations continue to drop and Netflix announcing they will offer an advertisement supported subscription tier. We close out the show looking at news that TikTok's U.S. user data is being accessed from China, something the platform had claimed was not happening.
Podcast #NetflixAds #businessnews
We're back and broadcasting from Minnesota for the summer! The show starts with a look at rising inflation in the U.S. as we question how the Federal Reserve is measuring and reacting to the tumultuous economic environment. Next, a look at how startup valuations are falling and the changing relationships between VCs and early stage startups. We also have some new research from Applico on B2B tech acquisitions and whether distributors or manufacturers are leading investment into new digital business models. Also covered, Freightos' SPAC deal, Revlon going bankrupt, Materiel Bank making an acquisition, historic data on M&A deals during downturns, and what the definition of a "centaur" startup is.
B2BPodcast #marketplace #podcasts —
The episode opens up with a look at Airbnb's decision to exit the Chinese market, a move that I see as part of a larger exodus of foreign tech companies who've been unwelcome in China and continuously managing complicated relationships with the Chinese government's regulators. Next, as we see foreign companies exiting China, the government has pledged to now support its domestic tech enterprises. Is this the end of China's "crackdown on tech" or just more posturing? Also covered in this episode, SoftBank's LatAm division leaving to start a new outside venture and Ford CEO Jim Farley's comments on taking Ford's EV sales direct-to-consumer, potentially cutting out Ford's vast American dealership network.
podcast #Airbnbstock #techindustry
My Modern Monopolies co-author Nick Johnson joins the episode and our discussion starts with Sequia Capital's presentation to growth startups urging founders to focus on profitability and positive cash flows. Also covered, how some VC may have over extended during the current downturn and an explanation on open vs. closed marketplaces.
podcast #startupnews #marketplaces —
We start the show with a look at how Australia's law requiring big tech companies to pay for news sharing has been going 1+ years in. Next, we share some Applico data on M&A activity among B2B distributors and adjacent competitors looking to disintermediate incumbents and disrupt the traditional supply chain. The second half of the show covers some washy data on market outflows coming out of China and why Carvana has gone from a rising tech star on Wall Street to a sputtering linear auto business down over 90%.
Podcast #B2B #chinastocks
The episode opens up looking into the tumultuous market conditions as of late and Netflix's reporting that subscriber numbers are declining. Next, Elon Musk has announced the Twitter deal is on hold pending verification on the number of fake/bot users. I discuss what these means for the deal price and if this could be the end of this transaction. Also covered, Nike files a lawsuit against sneaker marketplace StockX and Walmart's marketplace sees a huge influx of Chinese sellers. We wrap up with JP Morgan's accidental "uninvestable" rating given to Chinese internet stocks, WhatsApp employees speaking out against Facebook, and India cracking down on Amazon and Walmart abusing legal loopholes.
Podcast #BusinessNews #NFLX —
It's a special edition of the show focused on news in the B2B industry. First, we take a look at both Amazon and Home Depot making announcements that they'll be launching funds to invest in B2B technology startups. I break down what these companies have invested in so far and explain why this should be a wake up call for traditional distributors in B2B. Also in this episode, a look at a top HVAC distributor and a top IT distributor embracing marketplace and tech investment.
VCInvesting #B2B #Distribution
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The episode starts with SEC documents that reveal what the breakup fee is between Elon Musk and Twitter. We discuss if the size of this fee is a signal on how serious each side is on making this deal happen. Another story concerning the Twitter buyout, we look at what Amazon founder Jeff Bezos has to say about the transaction and Elon's business ties with China. We also dig into eCommerce fulfillment, looking at news that Walmart's marketplace fulfillment service has grown 500% and Shopify making a potential acqusition to bolster services for its sellers. We close out the episode looking at how tech protectionism in India has fostered growth of domestic TikTok competitors.
Podcast #technews #twitterupdate
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We start off with an update on Elon Musk's attempts to purchase a majority share in the social platform Twitter. With the Twitter board now instituting a poison pill strategy to ward off hostile takeover attempts, it would appear things are getting tense. I still think Elon can make a purchase of Twitter happen but it's going to have to be done the hard way. Next, a look at Chinese netizens voicing dissent on the social platform Weibo. We close out the episode with a look at Andreessen Horowitz's 2022 top 100 marketplaces rankings.
podcast #ElonMusk #twitterupdate —
The episode starts with a detailed look at the saga between Elon Musk and Twitter. At the time of recording, Elon had rejected an offer to join Twitter's board and was holding an almost 10% stake in the social platform. Next, a look at the Etsy seller strike over the craft marketplace's increases to its take rate. Is this a classic example of a dominant platform squeezing its producers or does Etsy need this increased revenue to spend on platform improvements? The show closes with a look at luxury fashion platform Farfetch making a $200 million investment into luxury department store owners Neiman Marcus Group.
00:00 - Subscribe and fight big tech!
00:37 - The Elon Twitter takeover
17:56 - Etsy sellers on strike
26:48 - Farfetch invests in Neiman Marcus
Originally Aired: 04/12/22
Farfetch #ElonTwitter #TwitterBuyout
We dive into new tech regulations in this episode, begining with a look at the EU's troublesome new Digital Markets Act. This new EU regulation aims to curb the power of gatekeeper tech companies but unfortunately the set definition for a "gatekeeper" is much too broad and I think this one will cause much more chaos than good. Next, we look at some comments from the U.S. on how tech companies may be regulated before the end of 2022. We close out with a look at why GameStop is refusing to pay Boston Consulting Group $30 million.
00:00 - Get subscribed and fight big tech
01:17 - EU's Digital Markets Act
09:09 - How Will The U.S. Regulate Tech in 2022?
13:19 - GameStop's Consulting Bill
Regulation #TechLaw #BigTech
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The episodes kicks off looking at Uber's decision to integrate taxis onto the platform in NYC and San Francisco. Next, a look at Pinterest's failed attempts to add commerce to its platform and the company's spectacular failure to acquire Verishop. We also cover two stories on Instacart, looking at the delivery platform deciding to slash its valuation by 40% and a new suite of SaaS tools being offered to grocers. The episode closes with our announcement of Dot Foods acquisition of Morsum.
Instacart #RideSharing #Podcast —
The episode starts with a look at the European Union banning Russian media from spreading on the web. While I've supported businesses right to cease business with Russia, I think an outright ban on information is a more complicated issue. Next, discussion on the SEC asking for more information from Chinese companies and some signs that the tech crackdown from Chinese regulators may be easing. We end the episode with a look at the FED announcing they will raise interest rates by 25 basis points.
00:00 - Get subscribed and fight big tech
01:27 - Russian Media Ban
07:16 - SEC Looking at Chinese Stocks
15:46 - FED Raises Rates
InterestRate #ChineseStocks #Russia —
I dig into the auto industry with Applico Managing Director Nick Johnson! We start off with a big announcement concerning Applico Capital and the LatAm auto market. Next, Carvana's purchase of ADESA is analyzed as Nick and I breakdown why the digital enabled car retailer might want to own a B2B auction provider. We finish off the episode looking at how some auto manufactures are leaning towards direct to consumer sales.
00:00 - Subscribe and Fight Big Tech
00:29 - Investing in Curbo
05:43 - Carvana Acquires Auction Company ADESA
11:54 - Automakers Go Direct
Automakers #Carvana #Applico
We dive right into the episode with Alex discussing why he decided to sell his "beloved" mfers NFT. He details if this venture into the NFT world was profitable and if he would recommend others try out the "investment". For our second topic, a look at Elon Musk supplying the Ukraine with Starlink internet equipment so that the nation can access internet while in conflict with Russia. Also covered, eBay's declining market share has now sunk below 5% and what companies are pulling out of the Russian market.
Originally Aired: 03/03/22
eBay #NFTs #Podcast —
📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC
❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/
At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.
The Federal Reserve has broken our American economy and I sit down with Chris Leonard to discuss his new book that details how our monetary system ended up here teetering on ruin. Chris is a New York Times best selling author and his new book The Lords of Easy Money: How the Federal Reserve Broke the American Economy is a "fascinating and propulsive story about the Federal Reserve" and how quantitative easing and political posturing have put America's monetary system in peril. I talked to Chris about how the United States Federal Reserve has printed an astronomical amount of money under FED Chairs Ben S. Bernanke, Janet Yellen, and Jerome Powell. We dig into why the Federal Reserve was originally created and how the institution has changed over the years to become, as meme lords would put it, the folks who make the "money printer go brrr". Chris offers his insights into why a crash is all but imminent for the American economy and what role inflation plays in accelerating this in 2022.
See more 👀 of our interviews with founders, economists, scholars, and business mavens on this playlist: https://www.youtube.com/playlist?list...
00:00 - Subscribe and Fight Big Tech
00:39 - How has the FEDs money printing recently been unprecedented?
03:19 - How the FED has jumped the shark from its original thesis
06:56 - Becoming a lender of last resort to everyone
09:32 - How the FED does quantitative easing
16:14 - Purchasing corporate junk debt
19:20 - The Federal Reserve is now a backstop for the Federal Deficit? How does that work?!
24:37 - Is it even possible to avoid a crash now?
30:32 - The FEDs failed attempts to normalize the economy
32:33 - Have Americans lost confidence in the FED?
37:27 - Has the FED lied and set us up for ruin with its short term actions?
46:19 - When will the U.S. economy crash happen?
48:24 - What should Americans do with their money?
50:16 - Is China's manipulation of its monetary system worse than the U.S.?
53:56 - Closing remarks
FederalReserve #Inflation2022 #MoneyPrinting—
This episode of Winner Take All starts by looking at Peloton, a downtrodden exercise equipment and "media" company that activist investors are peddling to everyone from Disney and Netflix to Berkshire Hathaway. Alex comments on why he thinks the business is in decline and criticizes Peloton for claiming to have Network effects. Next, discussion on why music isn't profitable for Spotify, how the company's cash flow is not as it appears, and the controversy surrounding its marquee podcaster Joe Rogan. The episode closes with news of Facebook stock being wiped out in the biggest one-day drop in stock market history. NOTE: We forgot to record the outro so sorry for the abrupt ending. We promise to tell you to "have a nice day" at the end of the next episode.
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00:22 - Will Peloton go out of business?
07:34 - Music is bad business for Spotify
15:07 - Facebook Stock Plummets
PelotonStock #Spotify #FacebookStock
I talk with Christopher Bedford, a founding partner at RightForge, about building a new internet infrastructure company in the shadow of big tech. RightForge is an internet infrastructure provider that claims to be a first of its kind company operating infrastructure while being committed to American ideals online. RightForge is positioning themselves to be a key player for enabling independent free speech platforms to operate outside the gargantuan grasp of big tech providers like Amazon (operator of AWS). With many questions being raised around what constitutes free speech online and when platforms should or shouldn't be allowed to take action against users, RightForge seems positioned well for users who lean towards wanting a more open internet and are concerned about being deplatformed at the infrastructure level.
I chatted with Chris about his experiences building a new internet infrastructure provider in an already mature and established industry, what inspired him and his partners to found the company, and the American ideals he sees as a guide to how RightForge should operate and find its niche. I think an overall theme here is looking at why independent platforms may be the future and why RightForge is needed the facilitate new tech entrants build around free speech and American ideals.
See more 👀 of our interviews with founders, economists, scholars, and business mavens on this playlist: https://www.youtube.com/playlist?list=PL_K104J9GHJaQENCpllXso5Rf-t-Uc_x5
00:00 - Subscribe and Fight Big Tech
00:23 - What is RightForge and why was the company founded?
03:41 - What clients are using RightForge today?
05:55 - Why are alternatives to big tech needed?
11:16 - Who would've thought you could start a infrastructure company in 2022!
16:15 - Has big tech lost control?
20:08 - What challenges come with building a company that doesn't falter on American ideals?
24:57 - The market for RightForge
28:32 - Will this come back to bite big tech?
30:26 - Closing thoughts
Originally Aired: 02/21/22
independentplatforms #platformbuilding #freespeechplatforms—
I start the show with a look at the epic Twitter battle between (now former) Bolt CEO Ryan Breslow and Y Combinator. Are Breslow's claims anointing Y Combinator and Stripe as mob bosses of Silicon Valley accurate? Next, a story that DoorDash engineers are outraged at the company policy requiring all employees to do a food delivery once per month. We wrap up looking at Robinhood's stock price being in the basement (time to fire Vlad maybe?) and Sonos beating Google via its patents.
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00:26 - Silicon Valley mob bosses?
14:06 - DoorDash engineers make deliveries
17:09 - Time for Robinhood to fire Vlad
19:34 - Sonos beats Google
Originally Aired: 02/0122
YCombinator #Robinhood #Sonos
Nick and I welcome Jonathan A. Knee onto the show, author of The Platform Delusion: Who Wins and Who Loses in the Age of Tech Titans. Knee is Professor of Professional Practice and Co-Director of the Media and Technology Program at Columbia Business School and also a Senior Advisor at Evercore Partners.
At a quick glance, The Platform Delusion appears to stand in opposition to Nick and I's book, Modern Monopolies. Tim Wu describes Jonathan's new book as "a jolting and often hilarious exposure of our delusions that teaches, once again, that the fundamentals of business may not have changed quite as much as you think they have." When we really dig down into Knee's "Core Tenets of the Platform Delusion" and discuss why platforms like Amazon and Google have become so dominant, we find a lot more alignment between Modern Monopolies and The Platform Delusion than one would initially think.
One area we differ on is whether or not big tech companies are monopolies. We've often criticized U.S. antitrust regulator's focus on consumers while big tech runs rampant taking advantage of producers on platforms e.g. Amazon third-party sellers. For more on this topic, see our recent video on the FTC reshaping its anti competition arguments to take monopsony power into account.
See more 👀 of our interviews with founders, economists, scholars, and business mavens on this playlist: https://www.youtube.com/playlist?list...
00:00 - Subscribe and Fight Big Tech
00:55 - Modern Monopolies vs The Platform Delusion
02:05 - The misuse of the word platform
05:48 - Do all platforms have network effects?
11:36 - What variables drive a successful platform?
20:17 - Netflix has no network effects
21:26 - Why does everyone claim to be a platform?
25:24 - Amazon not a monopoly?
29:21 - Does Amazon have a monopoly over third party sellers AKA producers?
33:31 - Should antitrust law consider sellers as a customer to Amazon?
42:36 - Are antitrust regulators approaching this correctly?
45:01 - Big tech taking advantage of suppliers
49:04 - Big tech platforms as utilities
56:02 - Tech censorship
57:57 - Thanks for watching.
Make sure to subscribe! #Interview #MBA #BusinessNews
p—
I sit down with Salih Hudayar, Prime Minister of the East Turkistan Government-in-Exile. The East Turkistan Government-in-Exile claims to be the sole representation of East Turkistan and its people on the international stage. East Turkestan is an area annexed by the People's Republic of China in 1949 and is officially recognized as the Xinjiang Uygur Autonomous Region despite The East Turkistan Government in Exile's calls on the U.S. and other governments to recognize East Turkistan.
I talked with Salih about his journey establishing the East Turkistan Government-in-Exile and the ongoing humanitarian crisis in the Xinjiang region. We spoke about how platforms and big tech have impacted communications and organization of the Uyghur people in both positive and negative ways. Hudayar gives us some examples of the double standards he's seen when using monopolized tech offers such as Facebook ads and we comment on a short list of tech companies that have been deemed unsafe for use by political figures like Salih, some examples being Zoom and TikTok.
Despite the extremely serious nature of what is taking place in East Turkistan/Xinjiang, we do find some reasons to be optimistic and hopeful about progress. Salih notes that Google translate has added the Uyghur language and we speak about the growing population of Americans, and citizens globally, who have become familiar and supportive of Prime Minister Hudayar's mission for East Turkistan.
00:00 - Subscribe and Fight Big Tech
00:31 - What and where is East Turkistan?
03:50 - How does a Government-in-Exile start?
06:13 - How has media/tech coverage been on what's happening in Xinjiang?
07:52 - Is your voice being muted by big tech?
09:03 - Facebook's double standard
09:32 - Why do you avoid using Zoom?
10:04 - Censorship on TikTok
11:21 - Experience with 50 cent army bots
12:57 - The information war
15:51 - Positive moves from big tech
18:33 - Boycott of 2022 Beijing Olympics
22:25 - Support from the people
28:08 Enes Kanter Speaking out
29:35 - How can viewers/listeners help?
31:32 - Does this come directly from the top?
35:25 - Thank you for joining us!
See more 👀 of our interviews with founders, economists, scholars, and business mavens on this playlist: https://www.youtube.com/playlist?list...
Originally Aired: 02/04/22 #Interview #LeastWatchedOlympics #Uyghurs—
The FTC has reshaped its arguments against big tech monopolies and will now look at potential regulation with monopsony power in mind. Alex and Nick discuss how this new angle being used by U.S. competition regulators at the Federal Trade Commission, lead by Biden-appointed FTC chairwoman Lina Khan, has the potential to actually prove big tech platforms like Amazon and Google are monopsonies.
How the FTC Is Reshaping the Antitrust Argument Against Tech Giants: https://www.wsj.com/articles/how-the-ftc-is-reshaping-the-antitrust-argument-against-tech-giants-11643432448
Originally Aired: 01/31/22
Monopsony #BigTech #Antitrust
—
📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC
❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/
At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.
Alex starts the show looking at a CNBC story that claims ultra-wealthy investors are buying platform stocks as a hedge against inflation in the United States. Next, a look at the unpaid army of moderators that run platforms like Reddit and Wikipedia. Alex analyzes how much power these users hold and whether or not platforms should be paying them. Also covered in this episode, why food delivery platforms are adding in fintech functions and reports that Joe Rogan already hates alt-tech social platform Gettr.
00:00 - Subscribe and Fight Big Tech
01:42 - Platforms companies an inflation hedge?
08:22 - Reddit mods getting paid?
21:44 - Delivery fintech models
26:18 - Joe Rogan hates Gettr
PlatformBusiness #CNBC #Reddit
The episode starts with a look at Microsoft's massive deal to buy Activision Blizzard inc.. Alex breaks down the deal and questions Microsoft's positioning that this deal is a play towards the metaverse. Next, news that Y Combinator will change its standard deal offered to startups in the accelerator to now invest as much as $500,000. We discuss how this change may affect seed investments for YC startups and share some reactions and thoughts from Y Combinator alums that work at Applico. The show closes with a look at increased buying of inflation protected bonds.
00:00 - Subscribe and Fight Big Tech
00:19 - Microsoft Buys Activision
07:48 - Y Combinator Ups Startup Investment
22:01 - Inflation Protected Bonds
Originally Aired: 01/18/22
Microsoft #YCombinator #Inflation
Alex starts the show with a look at the metaverse acquisitions Facebook has been making and whether or not Mark Zuckerberg can just buy Roblox. Next, Alex explains why he loves Rocket Mortgage's move to buy TrueBill, a personal finance suite for users who'd like to track spending and rid themselves of delinquent subscriptions. Also covered, why China is seeing a decline in venture capital investing and the SEC's investigation into Medallion Financial Corp..
00:00 - Subscribe and Fight Big Tech
01:09 - Metaverse Acquisition Deals
07:18 - A Great M&A Deal for Rocket Mortgage
23:55 - China VC Investing Trends Down
34:07 - Taxi Medallion Bank Gone Wrong, SEC Investigates
Originally Aired: 12/30/21
Podcast #Business #Platforms
Applico CEO Alex Moazed breaks down platform and platform adjacent companies that are expected to go public in 2022. These companies span multiple spaces and industries including B2B, fintech/payments, food, delivery, eCommerce, buy now pay later, social media, content, and more. Moazed looks at various fundraising by these platforms, current valuations, and gives his thoughts on market fit and IPO timing.
00:00 - Subscribe and Follow the Fight Against Big Tech
00:15 - Instacart IPO
01:07 - FlipKart IPO
01:49 - Gopuff IPO
05:49 - Stripe IPO
08:18 - Plaid IPO
09:50 - Klarna IPO
11:56 - Reddit IPO
12:40 - Discord IPO
13:44 - OnlyFans IPO
14:49 - Patreon IPO
15:18 - Turo IPO
16:40 - Farmer's Business Network IPO
18:47 - Houzz IPO
20:51 - Quora IPO
Originally Aired: 01/07/22
2022IPO #IPO #StockMarket
📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC
❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-...
At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.
Alex kicks off the episode looking at eBay's changes to how the company will be reporting gross merchandise volume and he breaks down what eBay's claimed immaterial differences between the old and new GMV numbers actually are. Reddit has confidentially filed for IPO and we take a look at how profitable of an investment Reddit could turn out to be for Advance Publications who acquired the platform back in 2006. Also covered, Amazon opening a bookstore for the Chinese Communist Party, Cathie Wood's "promise" that her ARK ETF's will return 40%, and a big milestone in the digitization of the B2B industry. Alex also shares his favorite highlights from Marketplace Pulse's fabulous Marketplaces Year in Review 2021.
00:00 - Subscribe and Fight Big Tech
00:36 - eBay's New GMV
11:54 - Reddit Going Public
17:20 - Amazon's CCP Bookshop
26:00 - Marketplaces Year in Review 2021
34:02 - a B2B eCommerce Milestone!
37:23 - ARK's 40% Return Promise
Marketplaces Year in Review 2021:https://www.marketplacepulse.com/mark...
Originally Aired: 12/21/21
Podcast #BigTech #B2B
The show opens looking at an interview with Palantir CEO Alex Karp where he calls out Silicon Valley's reluctance to work with the U.S. government. Alex commends Karp for his criticisms and calls for big tech to have more of a backbone when it comes to supporting the U.S.. Next, discussion of The Information's exposé revealing Apple's clandestine $275 billion investment into China. The show closes with some alt tech news that includes former President Trump's SPAC DWAC (Digital World Acquisition Corp) will partner with Rumble, and a letter from Gab founder Andrew Torba calling out it's alt-tech contemporaries and stating Gab is not for sale.
Originally Aired: 12/07/21
Podcast #BigTech #Palantir
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The episode starts with analysis of a report from the Institute for Local Self-Reliance that details how Amazon has continuously extracted increasing profits from third-party sellers on its marketplace platform. Next, Alex digs into the departure of Jack Dorsey from Twitter and looks at newly appointed CEO Parag Agrawal. Also covered, alt tech video platform Rumble announcing it will go public via a SPAC and Chinese companies delisting from U.S. exchanges. The show ends with a look at Biden confirming a band on Huawei and ZTE products in the United States.
00:00 - Subscribe and Fight Big Tech
01:58 - Amazon's Hidden Profits
14:13 - Jack Dorsey Out at Twitter
25:49 - Rumble SPAC
29:42 - Will $BABA Be Delisted?
33:53 - Huawei and ZTE Banned
Originally Aired: 12/03/21
BigTech #Podcast #TwitterCEO
The show starts off with an interview of Harsh Khurana, the CEO of Cultivate, a browser extension and shopping app with a mission to help businesses that are manufacturing goods locally. Next, a look at Leaflink's expansion of its logistics offerings and a highlighting of the macro trend in which B2B marketplaces broaden via key value added services around logistics and/or financing. Also covered, Macy's partnering with Mirakl to open a digital marketplace, and a look at the various approaches B2B players are taking to offering eCommerce tools to customers.
00:00 - Subscribe and Fight Big Tech
00:20 - Interview w/ Cultivate CEO Harsh Khurana
14:08 - A Big Cannabis B2B Op
20:52 - Macy's Marketplace Finally?
26:35 - B2B eCommerce Offerings
Originally Aired: 11/23/21
B2B #Logistics #B2BPodcast
📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC
Alex starts the show with a look at the CEO of Wish stepping down as the stock continues to plummet and face challenges with user retention. Next, discussion on Faire, Applico's number 1 ranked B2B marketplace, and its series G raise at a $12.4 billion valuation. Also covered in this episode, the vertical labor marketplace landscape and how the new U.S. infrastructure bill could impact the ongoing inflation concerns.
00:00 - Subscribe and Fight Big Tech
01:56 - Wish CEO Leaves
10:37 - Faire Valuation
13:50 - Vertical Labor Marketplaces
19:40 - Infrastructure Bill
Originally Aired: 11/16/21 #LaborMarketplace #GigEconomy #WishStock
📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC
Alex kicks off the show discussing DoorDash's $8.1 billion acquisition of Wolt, a deal that should provide valuable European inroads to the United State's top delivery app. He also discusses the EU ruling against Google's effort to appeal a $2.8 billion fine for giving preferential treatment to it's own shopping app and a Financial Times article looking at suspicious trading from Chinese tech executives. The show ends with a look at rising inflation and how companies are reacting.
00:00 - Subscribe and Fight Big Tech
01:45 - DoorDash Takes on Europe
08:40 - What DoorDash Should Buy Next!
11:13 - Google Fined Big by EU Regulators
15:24 - Insider Trading in China Exposed?
23:03 - Inflation Continues
Originally Aired: 11/12/21
Inflation #DoorDash #Podcast
To start the session Alex focuses on how Google is dealing with South Korea's new app store laws and explains how Big Tech companies are responding and combating new regulation. Next, Alex looks at autonomous delivery company Nuro and breaks down why he sees last mile delivery as a key for unlocking the commercial autonomous vehicle market. The show closes with discussion on how B2B enterprises are having product data stolen and then used against them.
00:00 - Subscribe and Fight Big Tech
02:08 - The Next Phase of Platform War
08:20 - Unlocking The Autonomous Vehicle Market
14:31 - B2B Distributors Protecting Data
Originally Aired: 11/09/21
B2B #Podcast #AppStore
Check out Cultivate at the links below:
Chrome: https://www.wecultivate.us/get/extension/chrome?campaignId=WTA
Firefox: https://www.wecultivate.us/get/extension/firefox?campaignId=WTA
Safari: https://www.wecultivate.us/get/extension/safari?campaignId=WTA
Harsh Khurana, the CEO of Cultivate, a browser extension and shopping app with a mission to help businesses that are manufacturing goods locally, joins Alex on the show. The two discuss how Khurana launched Cultivate in 2020 during a time in which small American businesses were struggling. Harsh tells the story of how he secured funding from Shark Tank star and Dallas Mavericks owner Mark Cuban through a cold email and him and Alex explore some ideas on why large tech platforms seem hesitant to promote American products and manufacturers.
Originally Aired: 11/23/21
Cultivate #MadeInUSA #SmallBusiness
00:00 - Subscribe and Fight Big Tech
00:24 - What is Cultivate
01:21 - Cold Emailing Mark Cuban?!
02:06 - One Line Pitch That Got Cuban on as an Investor
02:33 - The Cultivate Browser Extension
04:15 - Identifying Amazon Brand and Seller Origin
05:44 - Data Says Over Half of Amazon Sellers from China? 😲
06:34 - Why doesn't Amazon Promote Made in USA?
10:01 - How to Get Cultivate and Support American Made Products
11:39 - Why We Need to Bring Back US Manufacturing
12:43 - Closing Thoughts
Cultivate was founded with a mission to help businesses that are manufacturing goods locally to generate more sales, positively impact local economic growth, and in-turn, create more jobs for our families, friends, and neighbors. —
The show starts with a look at Bushel's recent acquisition of GrainBridge and the procliamed death of grain trading platforms. Next, Alex's take on Zillow canceling its iBuyer program Zillow offers after losing over $1 billion. Also covered, Peloton's struggles as a linear exervise equipment provider, ByteDance founder Zhang Yiming leaving the private tech giant, and Yahoo terminating operations in China. The show closes with news on the FED slowing quantitative easing.
00:00 - Subscribe and Fight Big Tech
02:11 - The End of Grain Marketplaces?
12:54 - Zillow Loses Big Flipping Houses
22:26 - Peloton's Big Problem
28:00 - ByteDance Founder Ousted
30:24 - Yahoo Shutters Operations
33:03 - FED and QE
Originally Aired: 11/05/21
AgTech #iBuying #ByteDance
Support the show and subscribe to WTA on YouTube: https://t.co/TErmfNQylT
The show opens with a look at Sequoia Capital moving away from the traditional venture capital formula of funds with around a 10 year time horizon to creating a “permanent structure” that will store investor capital. Next, Alex discusses Rent The Runway going public via IPO. He looks at Rent the Runway's business and explains why he sees a lack of business model innovation at the once darling fashion startup. The second half of the show highlight's JCPenny partnering with a under the radar marketplace and Amazon's deal to partner with insurtech startup NEXT to offer coverage to sellers.
00:00 - Subscribe and Fight Big Tech
01:35 - Sequoia Fund Makes a Big Change
13:40 - I Wouldn't Touch This IPO
21:39 - Marketplaces Enabling Retailers
28:21 - Next Insurance + Amazon
Originally Aired: 11/02/21
Podcast #Amazon #Sequoia
Alex begins the show by discussing Mark Zuckerberg's announcement that Facebook is changing its name to Meta. He watches excerpts from Zuckerberg's announcement at the Facebook Connect event and gives his thoughts on the metaverse future. Next, a look at how Apple has increased ad revenue as result of its new privacy and tracking policies. The show ends with a discussion about inflation and why it's not something to ignore.
Originally Aired: 10/29/21
Podcast #Inflation #Metaverse
The episode kicks off with a look at WeWork's public debut after merging with BowX Acquisition Corp., a special purpose acquisition company valued at $9 billion. Next, the SPAC talk continues with news on Digital World Acquisition Corp, the company slated to merge with a new social media company from president Donald Trump. Alex also does an in-depth analysis of Berkshire eSupply, a entrant in the B2B marketplace space competing with Zoro and Amazon. The show closes with a look at Mindbody's recent acquisiton of ClassPass.
00:00 - Subscribe and Fight Big Tech
01:53 - WeWork Goes Public via SPAC!
07:27 - What is DWAC?
17:02 - Berkshire Takes on Amazon?
34:09 - The Future of Gyms
Originally Aired: 10/22/21
StockMarket #SPAC #Podcast
Jacob Helberg joins Alex Moazed for a special episode detailing Helbergs new book The Wires of War. Helberg, who previously led Google’s global internal product policy efforts to combat disinformation and foreign interference, discusses the current grey war between the United States and China. The two dig into how technology is being utilized by state agencies to shape opinion and spread misinformation. Jacob explains how this tech-fueled war will alter the world’s balance of power and explores ways the U.S. can combat this quickly escalating two-front technology cold war between democracy and autocracy.
Jacob Helberg is a senior adviser at the Stanford University Center on Geopolitics and Technology and an adjunct fellow at the Center for Strategic and International Studies (CSIS). Helberg also co-chairs the Brookings Institution China Strategy Working Group, where is helping support and lead research efforts focused on China’s intentions, foreign policy, and what the right long-term U.S. strategy should be to meet the challenge. From 2016 to 2020, Helberg led Google’s internal global product policy efforts to combat disinformation and foreign interference. Helberg has a M.S. in cybersecurity risk and strategy from New York University.
Originally Aired: 10/27/21
China #GreyWar #Interview
Alex kicks off the episode with an in-depth analysis on the market cap of DoorDash rising above Uber despite Uber having multiple offerings outside of food delivery. The show's second topic looks at the recent exposè by Reuters detailing Amazon's abuse of seller data in Inida and the fallout this has caused between Amazon an U.S. regulators. Also covered, Microsoft pulling out of China and streamer Ninja detailing his view on what went wrong with the shuttered Twitch competitor, Mixer.
00:00 - Subscribe and Fight Big Tech
01:47 - Has DoorDash Beat Uber? 🚗
19:01 - Amazon Caught in India Stealing 🇮🇳
32:26 - LinkedIn Pulls the Plug in China 🇨🇳
37:23 - Ninja Spills the Mixer Beans ⚠
Originally Aired: 10/19/21
Amazon #Microsoft #Uber
—
📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC
❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-...
At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.
Alex looks at recent reports chronicling the growth of platforms in the second hand fashion industry. He highlights the varied niches that these platforms have been able to grow into large verticals spanning a variety of areas in the clothing industry. Next, coverage of two examples of government taking on big tech platforms starting with Australia's news media bargaining code and ending with Nigeria mandating that Twitter open a local office if the communication platform wants to operate in the African country. Also covered, Alex's article with WisdomTree outlining what could be the next FAMGA, Square's deal to acquire AfterPay, and the debacle that is Ozy Media.
00:00 - Subscribe and Fight Big Tech
00:22 - Secondhand Platforms Thriving
12:23 - Governments Fight Big Tech
23:11 - The Next FAMGA
30:54 - This Could Be Huge for $SQ!
39:09 - Ozy Media Scandal
Originally Aired: 10/13/21
Ozy #FAANG #SecondHand
—
📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC
❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-...
At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.
Applico CTO Tri Tran joins Alex for an opening segment looking at Procore's $500 million acquisition of LevelSet, a company specializing in lien rights management for the construction industry. Next, Alex discusses multiple articles on the current supply chain disruption in the United States. He looks at how the labor shortage has exacerbated the issues when importing goods into the U.S. as well as the letter issued by the International Chamber of Shipping bringing attention to the difficulties faced by transport workers. Also covered in this episode, continued inflation worries in the U.S., Amazon shipping more packages than FedEx, Macy's and Amazon fighting over a billboard, and Walmart expanding its ad business. The show closes out with a look at the B2B marketplace opportunities and Zoom's deal to acquire Five9 being terminated.
00:00 - Subscribe and Fight Big Tech
00:21 - Procore's Big Acquisition
08:11 - Labor and The Global Supply Chain
18:13 - Should You Be Worried About Inflation?
25:40 - Macy's Filed a Lawsuit Over This?!
26:55 - Amazon's New Dominant Category
28:50 - Where Amazon Can Be Beaten
34:15 - Why Walmart Poached an Instacart C-Suite Exec
36:48 - Zoom's Deal Fall Out
Originally Aired: 10/05/21
Inflation #SupplyChain #Amazon
The episode starts off with some various stories out of China, including Pinduoduo founder Colin Huang losing billions as Chinese regulators crack down on domestic tech companies. Next, Alex looks at how the popular tech accelerator YCombinator has recently changed to incorporate larger batches of startups and a virtual based workflow. Also covered, Amazon bringing its cashierless "Just Walk Out" technology into Whole Foods and Goldman Sachs purchasing the buy now pay later company GreenSky.
00:00 - Subscribe and Fight Big Tech
00:19 - China Tech Crackdown Continues
04:34 - YCombinator's Shift
20:25 - Amazon's Black Swan?
25:59 - Why Did Goldman Sachs Buy This?
Originally Aired: 09/21/21
YCombinator #China #Podcast
Alex opens the show with a detailed theory on how platforms and the gig-economy could be affecting the current labor shortage in the United States. He highlights a few key factors that draw correlations between tech platform disruptive innovation and the excess of job openings across the states. Next, a look at the Wall Street Journal's multiple exposé articles detailing several concerning leaks from Facebook. The show closes with commentary on the new iPhone 13 and Apple's lackluster innovation in the mobile space.
00:00 - Subscribe and Fight Big Tech
00:20 - Is Tech Contribution to Labor Shortage?
14:04 - Facebook Exposed on Multiple Fronts
20:37 - iPhone Snooze Fest
Originally Aired: 09/17/21
Labor #Apple #Facebook
Alex starts the show with a look at data highlighting how private equity firms have been investing in deals typical of venture capital firms. As a result, venture capital money has now been moving into earlier stage investments than what we've typically seen over the past 5 years. Next, a look at Coinbase and how its linear business model is being adopting by more brokers as cryptocurrency continues to infiltrate the mainstream. Also covered in this episode, TikTok's continued links to China, hedge funds leaving China, and a look at new data released on Amazon Business, Amazon's B2B arm.
00:00 - Subscribe for Tech & Business News Daily
00:45 - PE Crams Venture Capital
06:11 - Coinbase the New Netflix?
13:27 - Apple Court Case
23:08 - TikTok Still Linked to China
28:43 - Hedge Funds Take Money Out of China
37:40 - Amazon Business Data
Originally Aired: 09/14/21
AmazonBusiness #VentureCapital #Coinbase
We get started by looking at news that Reddit is hiring advisors to start the IPO process. Alex discusses a possible Reddit initial public offering and looks into some recent issues that arose between Reddit management and the platform's users. Next, a look at Vetcove, an under the radar B2B veterinarian supply company that's being sued by Chewy. Also covered, YouTube using a marquee strategy to bolster its YouTube Gaming platform and a new ruling in the ongoing case that Apple's app store is a monopoly. The show closes out with a look at Zoom Video's new Q2 2021 growth projections that analysts have found to be disappointing.
00:00 - Subscribe for Tech & Business News Daily
00:34 - Reddit IPO?
08:08 - Vetcove Lawsuit
18:38 - YouTube Gaming Signs Talent
21:22 - App Store Ruling
26:30 - Zoom Video Growth
Originally Aired: 09/03/21
StockMarket #RedditIPO #YouTubeGaming
Alex kicks off the show with a look at PitchBook's new Greater China Venture Report. With a focus on the decline in first financings, he gives insight into why early stage venture investment is trending down. Next, details on China's new bans that will limit weekly video game time for minors and Uber's acquisition of transportation management software and logistics management outsourcing company Transplace. The show closes with a look at YouTube's massive revenue numbers and how much of that gets paid out to creators on the platform. Moazed compares YouTube's model to linear streaming companies like Netflix and touches on some competitors to YouTube that are embracing free speech and less aggressive moderation.
00:00 - Subscribe for Tech & Business News Daily
00:19 - Great China Venture Capital Report
10:05 - China Gaming Ban
16:11 - Uber Acquires Transplace
27:15 - Uber's Numbers Look Good!
33:42 - YouTube Pays Out $30B to Creators
Originally Aired: 08/31/21
VentureCapital #China #UberFreight
Modern Monopolies co-author Nick Johnson hops on the episode to discuss OnlyFans backpedaling on its decision to ban explicit content. Also covered in this episode, investors selling off Alibaba stock amid the Chinese tech crackdown, Walmart's activities in India with Flipkart, and Discord's continued valuation growth after declining a $15 billion acquisition offer from Microsoft.
00:00 - Subscribe for Tech & Business News Daily
00:30 - OnlyFans Backpedals Ban
04:10 - Alibaba Investor Exodus
07:42 - Walmart's Flipkart Investment
13:05 - India Tech Regulation
18:44 - Walmart GoLocal Delivery Service
22:19 - Discord Valuation Rises
Originally Aired: 08/27/21
Podcast #Tech #Business
Alex sits down with Randy Altschuler, the CEO and co-founder of Xometry. Xometry is a publicly traded on-demand industrial parts marketplace based in Derwood, Maryland. Xometry's platform connects customers like BMW, NASA, Bosch, Dell and General Electric with contract manufacturers, which are often small domestic machine shops. The two discuss the founding of Xometry, contraction of manufacturing in the United States, and how the team at Xometry plans to scale the platform with its growing customers.
00:00 - Subscribe for Tech & Business News Daily
00:41 - Founding Xometry
02:52 - Using AI to Price Custom Products
06:21 - Xometry GMV vs Revenue
07:51 - Xometry's $260 Billion Market
10:17 - Approach to Corporate Development
12:04 - Growth of 3D Printing
14:14 - How Xometry is Solving the Chicken and Egg Problem
16:01 - Solving Supply Chain Issues During COVID
19:24 - International Supply Chain Complications
22:52 - Xometry Impact Fund Initiatives
24:42 - What Will It Take to Bring Manfufacturing Back to the U.S.?
31:52 - Large Scale Production on Xometry
34:52 - Supporting Small U.S. Manufacturers
36:46 - Closing Remarks
Originally Aired: 08/27/21
The show opens with a look at the announcement that the platform OnlyFans will be banning explicit content, AKA the type of content the site is known for. Next, a look at China investing a fake Swiss scientist quoted in news media and Beijing gaining a board seat at tech company ByteDance. The second half of the show covers a Wall Street Journal report that Amazon will be opening brick and mortar department stores and the FTC recent opinion about Facebook's monopoly status.
00:00 - Subscribe for Tech & Business News Daily
00:19 - OnlyFans Bans NSFW
05:30 - Fake Swiss Biologist
07:41 - China on ByteDance Board
11:07 - Amazon Department Stores
19:25 - Facebook FTC Monopoly Lawsuit
Originally Aired: 08/20/21
Amazon #Podcast #China
Alex opens up the show looking at Spotify's continued growth of its podcasting platform and data that shows listener numbers on Spotify are surpassing Apple. Next, Alex's reaction to Keith Rabois discussing China on CNBC and a look at two stories concerning censorship, Apple's announced scanning of photos on user's iPhones, and PayPal engaging in financial deplatforming. Also covered in this episode, big tech joining the five eyes, the rise of BRICS countries, and Cloudflare's complaints about AWS.
Originally Aired: 08/10/21
iPhone #Privacy #Censorship
Eugene Volokh is founder and coauthor of The Volokh Conspiracy, a leading legal blog. His law review articles have been cited by opinions in eight Supreme Court cases and several hundred court opinions in total, as well as several thousand scholarly articles. Eugene sits down with Alex and Nick to discuss his recent article in the Journal of Free Speech Law that looks at the pros and cons that could occur if the U.S. were to treat social media platforms as common carriers. Companies distinguished as common carriers are generally required to provide service to the public without discrimination.
📗 READ 📗 SOCIAL MEDIA PLATFORMS AS COMMON CARRIERS?: https://www2.law.ucla.edu/volokh/carrier.pdf
Originally Aired: 08/12/21
FreeSpeech #Interview #Podcast
Mike Matthys is co-founder of the 1st & 14th Institute, a non-partisan champion for free speech, free press, and due process. Matthys joins Alex on Winner Take All for a discussion on the current landscape of online speech and what can be done to prevent censorship by big tech arbiters like Facebook, Twitter, and Amazon. The two discuss the 1st & 14th Institute's formation, past projects, and planned future initiatives to ascertain a free and fair internet where all voices are heard and decisions have the benefit of all views.
Learn more at https://www.firstandfourteenth.com/
Originally Aired: 08/09/21
FreeSpeech #Censorship #OnlineSpeech
Alex opens the episode with a look at Netflix's recent earnings report where it was announced that a digital movie studio would move into the gaming space. Next, a look at Robinhood's tumultuous first two weeks as a public company and some promising data from alternative tech platforms focused on user privacy and free speech. The second half of the show covers Walmart's announcment it will begin to license the eCommerce tech that runs Walmart Marketplace and statistics that show a decline in VC investment into China.
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00:56 - NFLX FY Q2 2201 Earnings
03:33 - Robinhood Goes Public!
09:41 - Alt Tech and Social Media 3.0
16:26 - Walmart to License eCommerce Tech
22:05 - VC Decline in China
Originally Aired: 08/04/21
Podcast #VentureCapital #eCommerce
The episode starts off with a look at updated numbers from the various streaming service providers as the competitive landscape enters a new phase post COVID pandemic. Next, a look at an interesting Wall Street Journal article that details how Amazon will take equity from its suppliers. Also covered, Zipline, a startup that can deliver blood to doctors via drones, and Alex's thoughts on Gympass's recently announced series E funding round.
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00:22 - Streaming Wars Update
05:22 - Amazon Supplier Equity
10:50 - Zipline On-Demand Blood Delivery
12:35 - Gympass vs ClassPass
Originally Aired: 07/10/21
StreamingWars #Gympass #Amazon
The show kicks off with a look at CB Insights new State Of Venture Q2’21 Report, which details the runaway valuations of tech startups over the past year. On that thread, Alex looks at the recently IPOd platform, Xometry, and Nextdoor's plan to go public via SPAC. The second half of the show covers Etsy's next M&A move acquiring Elo7, regulatory concerns for Big Tech expanding through M&A, and Instcart's new CEO. Alex closes the episode with a message about the 4th of July.
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00:18 - Asset Price Inflation
03:18 - IPO ASAP!
09:33 - M&A Landscape
13:56 - New Instacart CEO
17:30 - 4th of July Note
Originally Aired: 07/09/21
CBInsights #Instacart #Xometry
Alex opens the show looking at the recent debacle surround Chinese ride sharing app DiDi's initial public offering. Investors saw $DIDI shares drop 20%+ after the Cyberspace Administration of China announced the app would be removed from app stores for illegally collect personal data. Next, a look at Shopify's announcement that they will waive fees on the first million dollars that developers make on their app store. Also covered, the slew of new suits and initiatives from various U.S. government agencies to reign in Big Tech and a recent article highlighting bias on Wikipedia.
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00:35 - DiDi IPO
11:10 - Shopify App Developer Fees
16:05 - Antitrust Big Tech Battles
33:48 - Wikipedia Bias
Originally Aired: 07/08/21 #BigTech #DiDi #IPO
Alex kicks off the show looking at DuckDuckGo, an internet search engine that emphasizes protecting searchers' privacy and avoiding the filter bubble of personalized search results, and their recently announced $100m secondary investment. The episode also takes a look at claims that the COVID pandemic has accelerated the shift to eCommerce by 5 years, and Huawei's announcement that their mobile operating system, HarmonyOS, is now the #3 OS in the world. The show closes out with a look at Amazon's statement on its battle against fake reviews, Prime Day 2021, and Etsy acquiring peer-to-peer social shopping app Depop.
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00:19 - DuckDuckGo $100mm Raise
05:45 - COVID eCommerce Acceleration
10:33 - Huawei HarmonyOS
15:55 - Amazon Reviews Probe
17:31 - Prime Day 2021 "Soft"
19:47 - Etsy Acquires Depop
Originally Aired: 06/25/21
DuckDuckGo #Huawei #Depop
Applico CTO and former Munchery CEO, Tri Tran, joins the show to discuss Instacart's playbook to build a $1 billion ad business and what this revenue stream could mean for the delivery platform's highly anticipated IPO. Tran discusses how he sees the online grocery and delivery landscapes playing out over the next few years while highlighting some of the challenges he thinks Instacart will have to overcome to sell $1 billion in ads per annum. Alex and Tri close out the conversation by highlighting some alternative tech solutions in the food space that don't require that retailers cede the customer relationship to a gatekeeping tech provider.
Also, a bonus segment analyzing the current regulatory landscape broken down by big tech company.
The first half of the episode contains a deep dive into 5 new bills to curb the power of big tech and dominance of their platforms. Alex takes a look at the American Choice and Innovation Online Act, the Ending Platform Monopolies Act, The Platform Competition and Opportunity Act, the Merger Filing Fee Modernization Act, and The Augmenting Compatibility and Competition by Enabling Service Switching (ACCESS) Act. In the second half of the show, discussion of Amazon CEO Jeff Bezos traveling to space in a Blue Origin rocket, Microsoft subsidising the cost of Xbox consoles, and hospitality data comparing the recovery of Hotels vs Airbnb.
Originally Aired: 06/15/21
Legislation #Airbnb #JeffBezos
00:00 - Subscribe for Tech & Business News Daily
00:22 - New Platform/Tech Legislation
27:07 - Xbox Console Profits?
30:11 - Jeff Bezos Space Trip
34:21 - Airbnb vs Hotel Bounce Back
Alex sits down with Marc Polymeropoulos, a former senior intelligence officer in the CIA overseeing clandestine operations in Europe and Eurasia. Marc retired after 26 years of service as one of the CIA’s most decorated field officers. The two discuss how the tech landscape has impacted CIA operations over the past 3 decades, the United States facing new near-peer threats, and Marc being targeting by a Russian energy weapon that ultimately lead to an early end of his CIA career. They highlight leadership principals from Marc's new book, Clarity in Crisis, that are applicable for anyone looking to grow as a leader and as a human being.
Originally Aired: 06/18/21
CIA #Leadership #Author
00:00 - Subscribe for Tech & Business News Daily
00:14 - Marc Polymeropoulos Intro
01:16 - CIA Ranking - 4 Star General
02:00 - Leadership Parallels Between CIA and Startup World
03:32 - Keys to Having Clarity in Crisis
05:02 - Harrowing Moments Where Marc Had to Keep Composure
08:51 - Embracing Change as a Leader
11:51 - U.S. and Foreign Intelligence Love to Use Social Media
15:13 - Do Your Kids Use TikTok?
15:31 - Tech Companies Influence Abroad
19:36 - Being Attacked in Moscow
22:08 - Energy Weapon Being Used Outside Russia?
24:23 - Do CIA Agents Have a "License to Kill"?
27:33 - Cyber and Information War
31:25 - Near Peer Competition from China + Russia
34:20 - Constant Change and Innovation in Intelligence Space
38:05 - Closing Thoughts
Alex opens the show with two Applico announcements, the public release of Dot Food's press release detailing Applico's advisory of the ShopHero acquisition, and MDM featuring Applico's B2B Top 50 report. Next, Alex's take on whether or not inflation is coming to the USD and content platforms flipping their stance on COVID origin discussions. Also discussed, the mess that is Twitter's new "premium" feature, Nigeria banning Dorsey's social platform, and Tesla's declining sales in China. The episode closes out with a look at Spotify entering the audio book business and Gucci partnering with Roblox.
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00:28 - Applico and Dot Foods
05:38 - MDM Features B2B Top 50 Report
10:36 - What Inflation?!
21:56 - Virology Lab Talk Unbanned
25:57 - Twitter is a Mess
36:59 - China Turning Against Tesla
39:03 - Spotify Audiobook Deal
41:31 - Roblox + Gucci
Originally Aired: 06/11/21
Food #Roblox #Inflation
Scott Barrows jumps on Winner Take All to discuss his chemical market network startup, BluePallet, coming out of stealth to launch its online marketplace backed by The National Association of Chemical Distributors (NACD). Scott and Alex discuss BluePallet's formation, a merger between echosystem and B2B FinTech engine Velloci, and securing BluePallet's seed funding. Also discussed, how BluePallet was able to partner with the NACD while other marketplaces got turned down, BluePallet's unique platform business model, and why the chemical industry requires a bespoke platform solution.
Originally Aired: 05/26/21
Chemicals #BluePallet #Startups
CHICAGO--(BUSINESS WIRE)--BluePallet, a digital marketplace built with the support of The National Association of Chemical Distributors (NACD) and backed by major industry players, today announced it has exited stealth mode.
The online market network was built by the same founders who built the e-commerce platform used by LiveNation and the NFL for ticket reselling. Set to transform the chemical industry, BluePallet is an exclusive strategic partner of the NACD through 2024, the industry’s leading trade organization.
“BluePallet (formerly known as EchoSystem) has been an invaluable strategic partner to NACD,” said Eric R. Byer, NACD’s President and CEO. “BluePallet understands that in order to advance the chemical distribution industry, we must look toward a digital future. As we celebrate NACD’s 50th Anniversary of serving chemical distributors and the supply chain, we are proud to continue partnering with an organization that creates e-commerce solutions which are custom-built for the future of our industry.”
The United States is one of the world’s largest producers of chemical products, representing nearly $1 trillion in chemical shipments annually. But the industry has lagged others in digital commerce, instead relying on more traditional methods such as sales teams.
About BluePallet:
BluePallet is the world’s first market network that gives verified industrial buyers and sellers control over their supply chain. Built with the support and advice of the NACD [National Association of Chemical Distributors] and its 400-plus member and affiliate companies, BluePallet was formed through a merger between Velloci, a consumer-oriented FinTech platform adapted to the B2B FinTech ecosystem, and EchoSystem, a chemical marketplace founded in 2017 and based on the platform founded by Scott Barrows and now employed by Ticketmaster, Live Nation, and the NFL.
Alex opens the show with a look at Florida's newly proposed law to protect social media users from being unjustly banned from platforms. Next, a look at how Facebook has internally been classifying user's "vaccine hesitancy" levels and the Cyberspace Administration of China citing 105 apps for allegedly violating privacy laws. Also covered in this episode, a New York Times story covering the shocking privacy concessions Apple has made to operate in China, YouTube starting a fund to support #shorts creators, and the DC attorney general filing a new antitrust lawsuit against Amazon. The show closes out with Alex discussing Amazons imminent acquisition of movie studio Metro-Goldwyn-Mayer Studios Inc. (aka MGM).
00:00 - Subscribe for Tech & Business News Daily
00:44 - Florida Deplatforming Law
05:00 - Facebook "Vaccine Hesitancy"
10:34 - China Data Privacy Sanctions
13:57 - Shorts Creator Fund
16:11 - Apple's Chinese Data Center
20:59 - New Amazon Antitrust Suit
24:20 - Amazon Buys MGM
Originally Aired: 05/25/21
MGM #Apple #ChinaData
Alex kicks off the show with news of the Cathie Wood led ARK Next Generation Internet ETF selling off shares of Netflix and buying into Disney. Alex pulls a WTA clip from a month ago where he warned that Wood's decision to "buy the dip" on Netflix was a bad move. Next, discussion on AT&T's decision to sell its WarnerMedia assets and TikTok CEO Zhang Yiming "stepping down". Also covered, does Epic have a chance to beat Apple in the ongoing legal battle over app store policies, Fred Wilson talks decentralized social media, and why corporate development is a waste of time for startups.
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00:23 - ARK sells NFLX
02:33 - AT&T Sells WarnerMedia
12:53 - ByteDance Founder Steps Down
14:58 - Can Epic Beat Apple?
23:04 - Decentralized Social Media
31:09 - Corp Dev Doesn't Work
Originally Aired: 05/21/21
AT&T #CorpDev #NFLX
Alex opens up the episode by announcing Applico's new partnership with Laz Parking, one of the nation's largest parking companies operating over 1.3 million parking spaces in 35 states and 439 cities across the United States. Next, a look at Amazon possibly utilizing malls as last mile fulfillment centers and two stories out of China detailing Meituan's CEO posting a controversial poem to social media and H&M disappearing from Chinese platforms. The show closes out with some discussion about Elon Musk appearing on SNL and news regarding Tesla's expansion of its Shanghai giga factory.
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00:18 - Laz Parking Partners w/ Applico
07:50 - Amazon in Malls?
13:43 - Meituan CEO Posts Poem
17:12 - H&M Firewalled!
19:42 - Elon News
Originally Aired: 05/12/21
LazParking #Platforms #Podcast
Tiny Capital Co-founder Andrew Wilkinson calls into the show to discuss his approach to buying wonderful internet business, taking WeCommerce Holdings public on the Toronto Stock Exchange, and what he thinks the future could be for crypto and NFTs.
Andrew is Co-founder of Tiny, a technology holding company using a simple one-month acquisition process, then leaving the companies alone to do their thing. Home to companies like Dribble, Flow, Creative Market, and Unicorn Hunt.
00:00 - Subscribe for Tech & Business News Daily
00:58 - Bringing WeCommerce Public
06:06 - RTOs and SPACs
09:03 - Quick Deal Making Process
11:25 - Losing $10 Million vs Asana
17:34 - Profitable and Sustainable Tech Businesses
20:39 - Staying Under the Radar
21:49 - Meeting w/ Dustin Moskovitz
24:51 - Evaluating Potential Acquisitions
26:39 - Crypto Aligning Users and Owners
30:23 - Would You Issues a Dribbble Coin?
33:11 - Altcoins vs Marketable Securities
37:51 - Crypto, a Feature or a Product?
38:59 - BitClout
41:09 - What's Interesting About NFTs
42:19 - Impossible to Regulate?
43:42 - Next Trends Andrew is Watching
45:36 - Closing Remarks
Originally Aired: 05/18/21
VentureCapital #eCommerce #Investments
Alex does an in-depth analysis of the centralized power of big tech using 1984, Star Wars, Modern Monopolies, and Rules For Radicals to draw parallels and exemplify concepts.
Originally Aired: 05/11/21
1984 #BigTech #Monopolies
Alex analyzes some excerpts from Berkshire Hathaway's 2021 Annual Shareholders Meeting that touch on changes in top market cap companies over the past 30 years, Apple's innovation, how inflation impacts asset prices, Charlie Munger's thoughts on SPACs and Robinhood. To close the show, Alex touches on Elon Musk's upcoming SNL appearance.
00:00 - Subscribe for Tech & Business News Daily
01:44 - Top Market Cap Platforms
10:06 - Berkshire and Apple
25:40 - Market Froth + Inflation
34:57 - Munger on SPACS + Robinhood
36:14 - Elon Musk on SNL
Originally Aired: 05/02/21
The episode opens with Alex discussing the Chinese government's recent antitrust crackdown on tech and the massive hit to valuation Ant Financial has taken as result. Next, a look at the plethora of Clubhouse copycats from big tech and a lesson to be learn from what Clubhouse got right and the 2015 viral app Meerkat got wrong. The show closes with discussion of Univision's new ill-advised partnership with Google.
00:00- Subscribe for Tech & Business News Daily
00:52- Chinese Antitrust Crackdown
05:48- Clubhouse Copycats
17:56- Univision + Google Deal
Originally Aired: 04/27/21
General Robert Spalding 2021 Interview: Alex sits down with Brigadier General Robert S. Spalding III, whose impressive resume includes serving as Chief China Strategist for the chairman of the Joint Chiefs, senior Defense Official and Defense Attache to China in Bejing, and Senior Director for Strategic Planning at the National Security Council. Moazed and Spalding discuss the current tech landscape between the U.S. and China, taking a look at Elon Musk's relationship with Beijing, the General's role in limiting Huawei's participation in 5G infrastructure roll out, and the Great Firewall being exported outside of China.
General Spalding has served in senior positions of strategy and diplomacy within the Defense and State Departments for more than 26 years, retiring as a brigadier general. He was the chief architect for the Trump Administration’s widely praised National Security Strategy (NSS), and the Senior Director for Strategy to the President at the National Security Council.
Originally Aired: 05/04/21
Geopolitics #Huawei #ForeignPolicy
The episode gets started with a look at Netflix's poor Q1, 2021 earnings report. Alex digs into why he thinks the stock has taken a huge hit and Netflix's failure to continue innovating and emabrace platform dynamics. After quickly touching on Zoom, we dig into Discord ending acquisition talks with Microsoft and electing to peruse an IPO in the mid to near future. Also covered, possible antitrust issues with Apples new product, Airtags, Walmart Marketplace's expansion into China, and whether or not inflation is on the way.
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00:19 - Netflix Earnings Disaster
11:09 - Microsoft Discord Deal
15:49 - Walmart Doublespeak
19:15 - Apple Airtags Anti-Competitive
25:01 - Inflation on the Way?
Originally Aired: 04/22/21
We kick off this short episode with a look at Jeff Bezos' last shareholder letter before he steps down as CEO of Amazon. Alex goes over the various points Bezos makes in the letter while offering some of his own insights and analysis on the marketplace statistics refereed to in the final letter before Andy Jassy takes over the platform behemoth. This episode also contains a note on our new WTA text line and coverage of Alibaba being fined $2.8 billion as a result of the Beijing's anti-monopoly probe.
00:00 - Subscribe for Tech & Business News Daily
00:21 - WTA Text Line
00:47 - Bezos' Last Shareholder Letter
14:40 - Alibaba Fined $2.8 Billion
Originally Aired: 04/21/21
Bezos #Alibaba #AmazonUnion
Tell the SEC that cryptocurrency must remain legal and free by signing this petition: https://www.change.org/p/u-s-securities-and-exchange-commission-cryptocurrency-is-not-a-crime
Jeremy Kauffman, founder and CEO of the decentralized content sharing and publishing protocol LBRY, joins the show to discuss the ongoing SEC complaint against LBRY that threatens to stifle the entire cryptocurrency and blockchain industry in the U.S.. As Kauffman and Moazed touch on various details of the SEC complaint, they also discuss censorship on content platforms, launching and running a disruptive startup business, and the ongoing battle against the overreaching policies of big tech.
Jeremy created LBRY because he fell in love with the idea of shared, global content registry that is owned and controlled by no one. Unsurprisingly, he is a longtime supporter of decentralized technology and freedom of information. Prior to LBRY, Jeremy founded TopScore, a startup that processes millions of dollars monthly in event and activity registrations. He attended Rensselaer Polytechnic Institute, where he received degrees in physics and computer science.
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00:22 - LBRY CEO Jeremy Kauffman
01:11 - So Easy for YouTubers to Crosspost to LBRY!
01:55 - What is LBRY and Odysee?
03:41 - The Successor to YouTube?
05:10 - Odysee in Top 5,00 Global Websites
05:28 - Big Tech Goes Against the Platform Ethos
08:14 - Have Big Tech CEOs Lost Control?
10:19 - LBRY's Fight Against the SEC
13:59 - Help LBRY Save Crypto
14:30 - LBRY Credit Response to SEC Complaint?
16:06 - Why is The SEC Pursuing LBRY?
18:14 - Is Cryptocurrency Considered a Security?
21:05 - Old Regulations Don't Work w/ Crypto
22:11 - Why Isn't Every Crypto Project Receiving SEC Complaints?
25:16 - Huge Implications for Crypto + Blockchain Industry!
26:33 - Case Has Been Ongoing Since 2018
28:08 - Trying to Run a Startup With Constant SEC Meddling
30:05 - $1,00,000+ in Legal Fees
30:59 - What Can Crypto Supporters Do To Help?
34:18 - Closing Remarks
Originally Aired: 04/13/21
LBRY #Crypto #CEO
The show starts off with a look at a new non-binding legal opinion penned by Supreme Court Justice Clarence Thomas on the principal legal difficulty that surrounds digital platforms. Justice Thomas highlights some of the challenges with invoking old doctrines in regulation of social media companies and other platforms. Alex discusses the non-binding concurring opinion and the possibility that content platforms could become classified as common carriers, subjecting these companies to special regulations, including a general requirement to serve all comers. The second half of the show takes a look at two recently released marketplace rankings, Andreessen Horowitz's 2021 Marketplace 100, and Applico's new B2B Marketplaces Top 50 Ranking.
00:00 - Subscribe for Tech & Business News Daily
00:32 - Are Content Platforms Common Carriers?
16:08 - Andreessen Horowitz 2021 Marketplace 100
22:29 - Applico B2B Marketplaces Top 50 Ranking
Download Applico's B2B Marketplaces Top 50: Coming Soon!
Andreessen Horowitz's 2021 Marketplace 100: https://a16z.com/marketplace-100/
Supreme Court Justice Clarence Thomas Opinion: https://www.supremecourt.gov/opinions/20pdf/20-197_5ie6.pdf
Originally Aired: 04/06/21
CommonCarriers #TechNews #Marketplaces
The show kicks off with a quick look at the Icon altcoin, recommended to us by Peter Saddington during his February 18th WTA guest appearance. Next, an in depth look at details leaked by a dev who helped develop censorship tools and algorithms for ByteDance's Content Quality Center. Alex reads excerpts from the interview highlighting the intense oversight domestic content platforms are subjected to via the Cyberspace Administration of China. Also covered, reports that the EU is struggling to build an antitrust case against Amazon and a look at NFTs, the newest craze in the world of crypto.
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00:20 - ICX is Up!
01:40 - Beijing Cracking Down on Tech
07:01 - Chinese Censorship Dev Reveals Details
21:00 - EU Amazon Case Struggles?
22:11 - NFT Hype
Originally Aired: 04/02/21
Podcast #Tech #ByteDance
I helped build ByteDance's vast censorship machine: https://www.protocol.com/china/i-built-bytedance-censorship-machine
Alex opens the episode with a look at two stories from Walmart, one detailing the company's new expansions of U.S. manufacturing, and another that the Walmart Marketplace is relaxing restrictions on foreign sellers. Next, the latest stories of Amazon unfairly treating third-party sellers and some commentary on corruption in the government. The show closes with a discussion on how Starlink may be able to break through China's Great Firewall and a quick check-in on Viacom's stock price (spoiler alert: it's come down a lot since we called out that it was inflated for no good reason).
00:00 - Subscribe for Tech & Business News Daily
00:21 - Walmart Does Magic
09:59 - Seller Spends 200k Fighting Amazon
14:02 - Amazon Camera Sling Copy
17:02 - Corrupt Gov
23:15 - SpaceX vs The Great Firewall
30:14 - Viacom Stock Update
Originally Aired: 03/30/21
Walmart #Starlink #Amazon —
📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC
❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/
At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.
Alex starts the show with a quick look at Poshmark, a fashion marketplace whose stock has sharply fallen since touching the $100+ mark on IPO day. After breaking down if $POSH is more fairly valued in the ~$40 range, a quick ranking of the tech giants in FAMGA (Facebook, Amazon, Microsoft, Google, and Apple) is given before diving into the current regulatory environment for tech. Also covered, what regulatory capture is, the Chinese government restricting government workers from driving Tesla vehicles, and Palantir CEO Alex Karp's commentary on U.S. tech companies lack of willingness to work with the U.S. government. The show closes with a short breakdown of how take rates work in platform businesses.
00:00 - Subscribe for Tech & Business News Daily
00:18 - $POSH Stock Update
01:20 - FAMGA Breakdown
05:33 - Is Tech Regulation a Short-Mid Term Threat?
11:35 - Regulatory Capture
15:26 - Tech Companies + U.S. Gov Work
16:26 - Comments From Palantir CEO
22:36 - Former TikTok CEO Kevin Mayer CNBC Interview
31:58 - China Restricts Teslas for State Employees
34:01 - What is a Take Rate?
Originally Aired: 03/26/21
RegulatoryCapture #PalantirCEO #FAANG
Modern Monopolies Co-Author and Applico Prinicpal Nick Johnson joins the show with Alex to look at the history of Platform M&A deals, breaking down whether or not we see tech monopolies still taking the build from scratch approach. Additionally, Johnson and Moazed dig into how they characterize platform business model revenue, a key metric for determining inclusion in WisdomTree's platform business focused ETF, the WisdomTree Growth Leaders Fund ($PLAT).
Originally Aired: 03/12/21
Platform #PlatformBusiness #Tech
The show kicks off with coverage of Google announcing they will be making some changes to how they track and target users. Next, Jack Dorsey's fintech giant Square has decided to buy failed music streaming service Tidal... Alex tries to get to the bottom of what Dorsey is doing here. Also covered, manufactures buying into the quickly growing fashion marketplace landscape and how much crypto Coinbase is hodling.
Originally Aired: 03/05/21
Tidal #FashionBusiness #GoogleTracking
Alex speaks with Tendayi Kapfidze, Chief Economist and Vice President at LendingTree, about the current market conditions, asset and USD inflation scenarios, and LendingTree's data on the COVID spurred "migration" from large cities. Also covered, the actual impact seen of the recent stimulus actions taken, whether you should be holding bitcoin, cash, or gold, and if a 2021 GDP growth rebound can get the U.S. back to pre-pandemic levels.
Tendayi Kapfidze is Vice President, Chief Economist at LendingTree. He leads the company’s analysis of the U.S. economy with a focus on housing and mortgage market trends. Tendayi utilizes data analysis to be a resource for both consumers and trade media, providing actionable insights to help consumers make informed financial decisions. He has been quoted in numerous publications including The New York Times, The Wall Street Journal, The Washington Post, USA Today, Yahoo Finance, The Chicago Tribune, The Miami Herald and Reuters and has appeared on CNBC and Cheddar television.
Tendayi has a successful track record as a research professional specializing in macroeconomic and financial analysis. In his most recent role, Tendayi served as Director of Global Economics at Pfizer in New York City. He crafted Pfizer’s view on global macroeconomic trends, advising the executive leadership team on economic and financial risks. Prior to his position at Pfizer, Tendayi served as Director of Economic and Capital Markets Research at Ally Financial and as Vice President and Senior Economic Analyst in the chief investment office at Bank of America.
Tendayi earned his B.S. in Engineering Management at Saint Louis University and his M.S. in Applied Economics from Johns Hopkins University.
Originally Aired: 03/16/21
Fintech #Economics #Inflation
Grab a copy of Mike's new book "Never Enough" here: https://celadonbooks.com/book/never-enough/ Alex sits down with former Commanding Officer of SEAL Team TWO and current Chief Digital Transformation Officer at VMware, Mike Hayes. As Commanding Officer of SEAL Team TWO, Mike led a two thousand–person Special Operations Task Force in Southeastern Afghanistan. He has been held at gunpoint and threatened with execution. He’s jumped out of a building rigged to explode, helped amputate a teammate’s leg, and made countless split-second life-and-death decisions. In addition to a twenty-year career as a SEAL, Mike was a White House Fellow, served two years as Director of Defense Policy and Strategy at the National Security Council, and has worked directly with both Presidents George W. Bush and Barack Obama. In his new book Never Enough, Mike Hayes helps readers apply high-stakes lessons about excellence, agility, and meaning across their personal and professional lives.
00:00 - Subscribe for Tech & Business News Daily
00:16 - Mike’s Intro and Background
00:55 - How The Book Helps Gold Star Families
01:47 - Why “Never Enough”
02:49 - Three Pillars of Never Enough
06:51 - Don’t Have a Great Day, Make it Great
09:52 - Knowing When to Push Back
13:02 - Saved American Soldiers by Disobeying an Order
17:08 - Never Enough Principals in Historical Generations
20:18 - Building Bridges Between Ideologies
23:04 - Instilling a Value System
28:33 - Growing Up With Service
29:52 - Building a Family Around Never Enough Principals
31:49 - Thoughts on U.S. Tech Patriotism
37:31 - Building a Logical Process You Can Trust
40:08 - Closing Remarks
Originally Aired: 03/09/21
NavySEAL #Leadership #NeverEnough
Alex starts the show with a look at the recently released S-1 from cryptocurrency exchange Coinbase, who is planning a direct listing that could value the company at $100 billion+. Next, coverage of comments from Disney's CEO that paint a grim picture for AMC and other movie theater operators. Also covered, why Robinhood CEO Vladimir Tenev needs to call out big banks, YouTube banning crytocurrency news channel CoinDesk, and Twitter's new super follow feature.
Originally Aired: 03/02/21
CoinbaseIPO #AMCStock #YouTube Ban
The show opens with an update on the Roblox stock direct listing date and a look at Patreon's possible platform IPO this year. On a similar IPO note, Alex looks at Coinbase's recent private market share sales as the crypto giant looks into going public in the near future. Also covered, platform investments by Groupe Artémis, Applico's new LBRY/Odysee page, and an update on the new Australian content platform news laws.
Originally Aired: 02/23/21
RobloxIPO #PatreonIPO #CoinbaseIPO
Alex opens the show with an update on Roblox's delayed direct stock offering and details why the SEC wanted a closer look at Roblox's revenue numbers. Next, an update to the ongoing battle between Austrailia and big tech content monopolists Google and Facebook. Also covered, Twitter gets called out by Russia for censorship, Twitter Q4 2020 earnings, and why Alex is shorting Twitter. The show closes with a look at how Tesla could embrace the platform business model.
Originally Aired: 02/19/21
LinkTax #RobloxIPO #Tesla
Alex starts the show by digging into some new statistics on live streaming giant Twitch. He talks about new Amazon CEO Andy Jassy's role in acquiring the platform and explains why Twitch is a clear winner in the streaming space. Next, a look at Elon Musk buying $1.5 billion worth of bitcoin! Is this a risky and irresponsible business move for Tesla or a genius alternative investment? The second half of the show covers the business of content moderation and looks into a Chinese SDK that new unicorn startup Clubhouse is built on.
Originally Aired: 02/11/21
Twitch #ContentModeration #Clubhouse
Serial entrepreneur Peter Saddington joins us on Winner Take All to discuss the current bitcoin bull market, his new IoT project Emrit, and content platform censorship. Peter created a $10M venture capital fund to invest in blockchain and IoT, has founded 4 startups, and authored multiple books on Scrum, Agile, and Personal Branding. Peter has had multiple large channels censored by YouTube and discusses with Applico CEO Alex Moazed how he sees free speech being suppressed on content platforms. Saddington also lists some of his favorite alt coins for 2021, shares what impacts he thinks decentralized finance can have on the the planet, and recounts buying the first bitcoin Lamborghini for $115.
Check out Peter’s project Emrit at https://emrit.io/
Originally Aired: 02/17/21
Entrepreneur #BitcoinVC #HARDWAREDROP —
Alex opens the show with a look at Google reveling losses incurred from their cloud business. Also covered, Carta rolling out a new platform to buy equity in private startups and Uber acquiring alcohol delivery provider Drizly. The second half of the show looks at how Robinhood makes money and continued censorship in the tech space.
00:00 - Subscribe for Tech & Business News Daily
00:21 - Google Cloud Losing
11:59 - CartaX Pre-IPO Equity Marketplace Platform
20:14 - Uber Acquires Drizly
30:03 - Robinhood Order Flow
57:50 - Discord WallStreetBets Ban
Originally Aired: 02/04/21
GoogleCloud #Robinhood #OnlineSpeech
Alex starts the show with a look at Chinese education platform VIPKid before kicking off a deep dive into the current battle between Apple and Facebook. He looks into how Apple's new beefed up iOS privacy controls could damage Facebook's ad business and banter between the two CEOs, Tim Cook and Mark Zuckerberg. This includes a look into recent Facebook and Apple earnings, Apple's connections in China, and fundamental differences in business model between the two tech monopolies. The show closes with a look at Facebook's new content oversight board, a new external governing body designed to make binding decisions about speech and online safety on Facebook.
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00:39 - VIPKid
03:34 - Facebook vs Apple
14:42 - Facebook Earnings
24:10 - Apple Earnings
33:38 - Facebook Oversight Board
Originally Aired: 02/02/21
Alex opens the show looking at the retail investor uprising sparked by members of Reddit forum WallStreetBets. He discusses GameStop stock's meteoric 1600% increase and what he thinks are illegal acts of censorship from stock brokerages like Robinhood and platform including Reddit and Discord. Next, coverage of Twitter buying newsletter company Revue. The show closes with a look at supply relations between the U.S. and China.
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00:18 - GameStop
18:19 - Twitter Buys Revue
22:52 - China U.S. Supply Relations
Originally Aired: 01/28/21
WallStreetBets #Trade #Revue
The show kicks off with a look into the DOJ canceling Visa's $5.3 billion deal to acquire fintech giant Plaid. Next, Alex details Instacart layoffs that included a group of employees who voted to unionize and Google's threat to leave Australia after proposed link tax legislation on news articles. Also covered, Twitter banning a Chinese embassy account, Clubhouse reaching a $1 billion unicorn valuation, and eCommerce legend Marc Lore leaving Walmart.
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00:13 - Plaid Visa Deal Blocked! 💳
05:15 - Instacart Union
09:32 - Google vs Australia 🇦🇺
17:23 - Twitter Locks Out Chinese Embassy
25:06 - Clubhouse Unicorn Status 🦄
29:36 - Marc Lore Leaving Walmart
Originally Aired: 01/26/21
Plaid #Instacart #Clubhouse
The show kicks off with a look at dating platform Bumble filing for IPO. Alex looks at Bumble's S-1 and compares the Blackstone owned dating app with its biggest competitor, IAC/Match Group owned Tinder. Next, Alex breaks down if he's still bullish on Roblox now that its valuation has ballooned from $8 billion to almost $30 billion. The second half of the episode covers data on the number of new Amazon sellers from China and looks at how tech monopolies may be using moderation and censorship as a competitive moat.
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01:03 - Bumble IPO
14:09 - Roblox Updated Valuation
24:38 - Chinese Amazon Sellers
27:43 - Cost of Censorship
Originally Aired: 01/22/21
BumbleIPO #RobloxIPO #OnlineCensorship
The show kicks off with a look at the newly public clothing marketplace Poshmark. Alex compares $POSH with other fashion centered marketplace platforms like Farfetch and breaks down whether or not he's bullish after a 140% price jump after its first day trading. Next, a look at manufacturers investing in marketplaces, inlcuding Richemont's acquisition of Watchfinder & Co. Alex closes the show with a look at messaging platform Telegram and continued coverage of censorship from platform monopolies.
Subscribe to Winner Take All on YouTube! - https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Famed economist Jim Rickards sits down with Alex Moazed to discuss Chinese currency geopolitics, investing in gold, whether he's a bitcoin bull or bear, and how the global pandemic affected the economic analysis in his most recent book "THE NEW GREAT DEPRESSION: Winners and Losers in a Post-Pandemic World".
Read THE NEW GREAT DEPRESSION: Winners and Losers in a Post-Pandemic World: https://www.amazon.com/New-Great-Depr...
Originally Aired: 01/15/20
00:00 - Subscribe for Tech & Business News Daily
00:18 - Rickards Introduction
03:58 - The New Great Depression
11:42 - Currency Wars
14:34 - Pentagon's Financial War Game
16:55 - Chinese Money Printing
22:23 - Chinese Yuan a Global Reserve Currency?
25:34 - Confidence and Stimulus
35:34 - How to Invest During The New Great Depression
38:43 - Rickards Thoughts on Bitcoin
James Rickards is the Editor of Strategic Intelligence, a financial newsletter. He is The New York Times bestselling author of The New Great Depression (2020), Aftermath (2019), The Road to Ruin (2016), The New Case for Gold (2016), The Death of Money (2014), and Currency Wars (2011) from Penguin Random House. He is an investment advisor, lawyer, inventor, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an op-ed contributor to the Financial Times, Evening Standard, The Telegraph, New York Times, and Washington Post, and has been interviewed by BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. Mr. Rickards is a guest lecturer in globalization and finance at The Johns Hopkins University, Georgetown University, Trinity College Dublin, The Kellogg School at Northwestern, the U.S. Army War College and the School of Advanced International Studies. He has presented papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory. He is an advisor on capital markets to the U.S. intelligence community, and the Office of the Secretary of Defense, and is on the Advisory Board of the FDD Center on Economic and Financial Power in Washington DC. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from SAIS, and a B.A. (with honors) from Johns Hopkins. He lives in New Hampshire.
The show opens from our new Palm Beach, Florida, studio as Alex digs into Twitter's recent actions banning a U.S. President and seemingly abandoning many of the key proponents that make it a platform. Next, a look at Parler being removed from Apple and Google app stores in addition to Amazon's AWS banning the platform. Alex discusses if the Parler bans are a national security measure to curb violence or a thinly veiled anticompetitive move from big tech platform monopolies. Continuing on, a look 5 platform alternatives to the current dominant monopolies and coverage of the ACLU speaking out against tech censorship. The show wraps up with an update on Roblox going public via direct listing and the U.S. banning Alipay.
Originally Aired: 01/12/20
TechCensorship #OnlineFreeSpeech #RobloxIPO
Alex opens the first show of 2021 with coverage of Peloton's acquisition of fitness equipment maker Precor. Tangentially, Moazed finds a connection between Precor and Lululemon's founder Chip Wilson, who at one point created Lululemon bags that referenced Ayn Rand's novel Atlus Shrugged. Next, a look at U.S. vs Chinese manufacturing and approaches the U.S. can take to close the gap with China. The show closes with a look at the lawsuit over the 'Jedi Blue' pact, a potentially anti-competitive agreement between Google and Facebook to dominate the online advertising industry.
Originally Aired: 01/04/20
Manufacturing #Peloton #Antitrust
The longest ever episode of Winner Take All opens with discussion of the Chinese government continuing to penalize Jack Ma and Alibaba. Alex also looks at China's Australian coal ban and is puzzled by the brash discussions being made by the government. Next, a look at Zoom allowing access to U.S. citizen data and content platforms losing control of censorship. The show closing with two market related topics, the NYSE changing direct listing rules that will allow companies to raise money, and analysis of SPAC merger of PropTech Acquisition and Porch.
Originally Aired: 12/28/20
Alibaba #PorchIPO #Platforms
The show opens with a look at Opendoor now that it's merger with Chamath Palihapitiya's Social Capital Hedosophia II. Next, Alex looks back at the past couple weeks wild IPOs and non-IPOs (in Roblox's case) breaking down why he's hesitant to be a bull with current market conditions. Also covered here, the non-stop growth seen from PLAT, WisdomTree's platform business ETF. Alex then moves into the private sector discussing StockX, an online sneaker marketplace, and their new $275 million series E fund raise. The second half of the show highlights some current alternatives to tech monopolies, an online freedom of speech bill introduced by Poland's Justice Minister, and the U.S. passing The Holding Foreign Companies Accountable Act, an act that will force publicly traded foreign companies to comply with U.S. Public Accounting Oversight Board audits.
Originally Aired: 12/22/20
SPAC #IPO #Censorship
00:00 - Subscribe for Tech & Business News Daily
00:55 - OpenDoor SPAC
04:13 - The IPO Bubble?
14:23 StockX Series E Raise
19:33 - Tech Monopoly Alternatives
25:05 - Poland vs. Tech Censorship
32:49 - Holding Foreign Companies Accountable Act
The show kicks off with a look at Black Friday and Cyber Monday statistics that, come to find out, aren't very easy to distinguish this year. Alex goes on to compare U.S. black Friday weekend numbers with Singles Day data from this year. Next, coverage of a new U.S. government executive order that has barred investment in 31 companies identified by the Department of Defense as “Communist Chinese military companies”. The show closes with Alex commenting on some of his favorite moments from Elon Musk's recent interview with The Wall Street Journal.
Originally Aired: 12/12/20
eCommerce #BlackFriday #CyberMonday
00:00 - Subscribe for Tech & Business News Daily
00:17 - Black Friday + Cyber Monday
13:59 - Indices Remove CH Military Stocks
16:46 - Elon Musk Interview Commentary
Alex starts off the show with a look at Airbnb's insane post IPO value. He compares Airbnb's financials to Booking.com's and breaks down if he's bullish or bearish after the platform's first day on public markets resulted in a 100+% jump. Next, a look at the week's other platform IPO, DoorDash. Alex compares DoorDash to Uber Eats and explains why DoorDash, while expensive, is more accurately valued than Airbnb. The show closes with coverage of the massive new antitrust allegations brought against Facebook by the FTC and over 40 states.
Originally Aired: 12/10/20
FacebookAntitrust #DoorDashIPO #AirbnbIPO
00:00 - Subscribe for Tech & Business News Daily
00:46 - Airbnb Valuation
07:39 - DoorDash Worth $60 Billion
18:42 - New Faceboook FTC Suit
The show kicks off with Alex discussing bitcoin and whether or not it's a platform. Next, the latest on the Section 230 repeal and what erasing this legal shield could do to content platforms and beyond(even Amazon?). Also covered, Facebook acquiring software company Kustomer, Inc., Google penalizing Barry Diller and IAC, and Metromile's SPAC IPO. The show closes with a look at the increased competition between China and the United States.
Originally Aired: 12/08/20
00:00 - Subscribe for Tech & Business News Daily
00:19 - Is Bitcoin a Platform
07:04 - Section 230 Repeal
18:37 - Facebook Acquires Kustomer
20:16 - Google vs IAC
24:01 - Metromile SPAC Merger
28:19 - China Getting Bolder
The episode starts with a deep dive into Affirm's S-1 filing. Alex breaks down the fintech lender started by PayPal alum Max Levchin and wonders why there's not more competition in this space. Next, a look at the content platform, OnlyFans, which is growing faster than Twitch, Cameo, and Patreon (and no... Alex doesn't have an account)! Also covered, Whole Foods CEO John Mackey's recent comments on capitalism, India adding more Chinese apps to their ban list, and Salesforce's acquisition of the messaging platform Slack.
Originally Aired: 12/01/20
00:00 - Subscribe for Tech & Business News Daily
00:23 - Affirm Files S-1
25:14 - OnlyFans Insane Growth
28:44 - Innovationism vs Communism
33:13 - India App Ban 2
37:44 - Salesforce Buys Slack
🛑 NOTE: This episode originally streamed before last night's news of Salesforce acquiring Slack for $27.7 billion. Update video on that deal coming soon!
The show opens with Alex discussing reports that Salesforce is interested in purchasing communications platform Slack. Next, a look at Instacart expanding their market footprint via a new partnership with Best Buy. The second half of the show covers the large transfer of wealth brought on the by pandemic and lock down protocols, before ending with coverage of innovation in the clinical trials space.
Originally Aired: 11/25/20
00:00 - Subscribe for Tech & Business News Daily
00:22 - Saleforce Interested in Slack
04:37 - Instacart Partners w/ Best Buy
09:27 - Wealth Transfer
18:26 - Healthcare Ramifications
IPO season continues with a both Roblox and Wish releasing S-1s. Alex has breaks down each platform's offering. Next, a deeper look at Airbnb's expenses and analysis on whether or not the company needs management changes as it goes public. The show closes with a look at Amazon's new online pharmacy offering.
Originally Aired: 11/23/20
00:00 - Subscribe for Tech & Business News Daily
00:38 - Roblox S-1 Filing
19:12 - Wish IPO
36:44 - Airbnb Expense Management
44:08 - Amazon Pharmacy
The show opens with news on Ahold Delhaize acquiring New York based food delivery service FreshDirect, a deal that Applico advised on. Next, Alex covers Apple's recent adjustments to developer commissions in the app store, a move he sees as a mistake by Apple. Also covered, Walmart earnings, the CCP's crackdown on tech, and whether or not Twitter should fire CEO Jack Dorsey.
Originally Aired: 11/19/20
00:00 - Subscribe for Tech & Business News Daily
00:17 - Ahold Delhaize🇳🇱 Acquires Online Grocer Fresh Direct🥦
04:48 - Apple🍎 Cuts App Store Commission
09:33 - Walmart Q3 Earnings
14:53 - China🇨🇳 Cracks Down on Tech
Subscribe to Winner Take All on YouTube: https://t.co/qyFyuaLJt4?amp=1
Alex dives into IPO season with a look at S-1 documents released by food delivery platform DoorDash and short-term rental platform Airbnb. After a quick comment on Roblox's upcoming S-1 release, Alex takes a look at electronic voting system company Smartmatic and why it's a hot topic in the aftermath of the 2020 U.S. election.
Originally Aired: 11/17/20
00:00 - Subscribe for Tech & Business News Daily
00:53 - DoorDash S-1
16:05 - Airbnb S-1
30:24 - Roblox
31:50 - What is Smartmatic?
It's a jam packed episode that kicks off with Alex taking a look at the announced monster investment Alibaba plans to make in online fashion platform Farfetch. Next, a look into what happened to Ant Group's record IPO and discussion on the moves IAC has made with the video platform Vimeo. Also covered, TikTok owner ByteDance is raising $2 billion, a look at who is winning the food marketplace platform war, and the EU's new antitrust allegations against Amazon.
Originally Aired: 11/12/20
00:00 - Subscribe for Tech & Business News Daily
01:02 - Farfetch Goes East
07:40 - Ant IPO Canceled 🐜
15:25 - Vimeo Spun Out
18:11 - ByteDance Raising Money?
26:14 - Food Marketplace Wars
34:34 - EU Amazon Antitrust Case
Food #AntIPO #FarfetchStock
Moment CEO Tim Kendall joins Alex Moazed to discuss a plethora of topics concerning social media platforms, online censorship, matchmaking algorithms, and the impact digitization has had on social well-being. Tim architected early monetization strategies for Facebook and Pinterest as Facebook’s first Director of Monetization and President of Pinterest. Tim currently serves as CEO of Moment, which has helped over 8 million people build healthier relationships with their phones and is fighting to reimagine the tech industry as one built for its users. Additionally, Kendall serves as a board member of UCSF Benioff Children's Hospital.
Download the Moment app here: https://app.inthemoment.io/
House Committee on Energy and Commerce Testimony of Tim Kendall: https://energycommerce.house.gov/sites/democrats.energycommerce.house.gov/files/documents/09.24.20%20CPC%20Witness%20Testimony_Kendall.pdf
Originally Aired: 11/09/20
SocialHealth #SocialMediaAddiction #FacebookInsider
00:00 - Subscribe for Tech & Business News Daily
01:08 - Algorithms Want Users to Spend the Maximum Amount of Time
03:55 - An Attention Extractive Based Business Model
08:36 - Realization That Something Was Wrong
09:44 - Digital Behaviors Mimicking Qualities of Addictive Substances
11:43 - How Moment App Helps Develop Awareness
14:28 - Never Been More Connected and Lonely
15:17 - The Importance of Social Well Being
20:13 - Matchmaking vs. Censorship
22:10 - Do Social Algorithms Reward "Fake News"?
26:06 - What Happens to Startups in Survival Mode
29:44 - Facebook's Market Dominance
32:39 - Fixing the Social Dilemma
37:35 - Can Matchmaking Be Externalized?
40:05 - Even Netflix is Guilty
41:48 - Importance of Transparency
44:22 - Platforms Don't Want to be Arbiter of Truth
50:06 - Tech Platforms Protecting Political Speech
54:01 - Do You Allow Your Kids to Use Facebook?
56:24 - Future of Social Platforms for Children
Thanks for listening to Winner Take All. Please subscribe to our channel here: https://t.co/g9MxHZWGYv?amp=1
The show opens with a quick note on election day and a look at new findings around water on the moon🌖. Next, Alex dives into Twitter losing 20% of its market capitalization and Expensify's CEO emailing the entire customer base about the U.S. presidential election. The second half of the show covers Facebook's content monopoly and U.S. Q3 GDP.
Originally Aired: 11/03/20
00:00 - Subscribe for Tech & Business News Daily
01:03 - Water on the Moon
02:59 - The Triggered Graveyard
04:50 - Twitter Growth Slows
11:34 - Expensify Biden Email
20:09 - Facebook's Monopoly Power
27:34 - Q3 GDP Results
Alex opens the show discussing NASA's OSIRIS-REx spacecraft collecting an asteroid sample with plans to return to earth in 2023. Next, a look at GDP decline due to the coronavirus pandemic and how an apples-to-apples comparison looks between different countries. The show closes with news of Snapchat gaining large numbers of users in India over the past quarter.
Originally Aired: 10/22/20
00:00 - Subscribe for Tech & Business News Daily
00:21 - Asteroid Dirt Grab?
03:19 - Q2 GDP Impact
12:30 - Snapchat in India
The show tips off with a look at a couple cool new ventures involving space. Next, a look at data from PitchBook that shows a decline in first-time equity investments in startups, AKA first financings. Next, a quick look at PLAT and tech stocks surpassing the value of the dot com bubble's peak. The subject then shifts to regulation and section 230 before closing the show with a look at Netflix's earnings miss.
Originally Aired: 10/20/20
00:00 - Subscribe for Tech & Business News Daily
00:22 - Space!
06:49 - Decline in First Financings
11:48 - Tech vs Dot Com Bubble
15:50 - Section 230 and Bespoke Regulation
26:19 - Netflix Earnings Miss
Alex opens the show with a look at Allegro, Poland's top marketplace platform, and their recent IPO in Warsaw. Next, a breakdown of the Disney reorganization, looking at both the new direction for the company as well as some changes to personnel. Moving into the second half of the show, Alex discusses potential international headwinds for Jack Ma's Ant Financial and checks in on Huawei's business. The show closes on the topic of Amazon Prime Day and whether or not big tech giant Amazon is still taking innovative moonshots.
Originally Aired: 10/13/20
00:00 - Subscribe for Tech & Business News Daily
00:19 - Allegro, Polish Platform IPO
04:23 - Disney Reorg
09:31 - US Curbing Chinese Payment Platforms
15:19 - Huawei Post-Ban
20:59 - Prime Day
Mirakl is a French cloud-based eCommerce software company specializing in marketplace platforms. Adrien Nussenbaum, Co-Founder and CEO of Mirakl, joins Alex to discuss marketplaces, the platform future, and Mirakl's own platform for marketplace sellers, partners, and operators, Mirakl Connect.
Originally Aired: 10/15/20
Marketplace #CEOInterview #FounderInterview
00:00 - Subscribe for Tech & Business News Daily
00:21 - Mirakl Co-Founder and CEO Adrien Nussenbaum
00:40 - What is Mirakl?
03:15 - Mirakl Co-Branding/Partnerships
06:25 - Product Mapping
07:44 - Need and Demand Coming From Customers
10:21 - Mirakl Connect Platform
13:23 - Growth w/ eCommerce Startups
16:02 - Aggregating Supply Long Term
21:33 - Marketplaces Will Be Mandatory
24:17 - Different Shades of Marketplaces
26:30 - Mirakl's Accolades
Great to be on Maria Bartiromo this morning talking about the nothing burger of a case the DOJ just filed against Google.
If I’m Jeremy Stoppelman Glenn Fogel Steve Kaufer , I’m very disappointed. Why isn’t the DOJ focusing on how Google takes advantage of its suppliers like Yelp, TripAdvisor, Expedia, Booking. Platform tech monopolies take advantage of their suppliers, not consumers. When Google vertically integrates and charges rent to 3rd party websites, this is where their revenue growth is coming from the past 10+ years. Yet, the DOJ decides to pick a 3 year old fight that the EU already fought and had a lackluster settlement in 2018. Cheers to having a 3+ year legal battle to get a few billion dollar settlement and a search engine auction system? What a wasted opportunity.
Alexander Okuliar Aaron Hoag fyi - the key is that suppliers = customers. Yelp, Trip, Expedia, Booking are all customers of Google. Google takes advantage of them. Follow the money!
Alex opens the show looking at Walmart's continued investments into digital and news of them exiting a brick and mortar investment in the United Kingdom. Next, a look at Jio Mart and platform investments in India. The second half of the show covers Uber selling off a stake in their freight business and backlash Coinbase CEO Brian Armstrong is facing after establishing an apolitical corporate stance.
Originally Aired: 10/01/20
00:00 - Subscribe for Tech & Business News Daily
00:32 - Walmart Investing Digital
08:49 - Reliance Retail
20:01 - Uber Sells Freight
28:50 - Silicon Valley Echo Chamber
It's a triple valuation analysis episode as Alex opens the show with a look at Palantir and their less than stellar profitability (i.e. losses of roughly $580 million for 2019). Next, coverage of Opendoor's announcement they will be going public via a merger with Chamath Palihapitiya’s SPAC Social Capital Hedosophia II. The show closes with a look at Roblox's dominant platform model and news that the gaming platform could go public at $8 billion valuation.
Originally Aired: 10/01/20
00:00 - Subscribe for Tech & Business News Daily
00:47 - Palantir Profits?
07:38 - Opendoor Merger w/ $IPOB
18:29 - Roblox 2021 IPO
The show opens with Alex discussing Spotify Founder/CEO Daniel Ek pledging over $1 billion to euro tech moonshot projects. Next, analysis and commentary of Tim Kendall's comments to the House Committee on Energy and Commerce on Facebook and fake news. The closing segment of the episode takes a focused look at tech abuse in the United States vs China.
Originally Aired: 09/29/20
00:00 - Subscribe for Tech & Business News Daily
00:22 - Daniel Ek Fund
05:38 - Fixing Fake News
25:17 - US vs China Tech Abuse
The show opens with a look at Microsoft's acquisition of ZeniMax Media and a discussion on why Xbox's business model could be moving towards more free-to-play games. Next, Alex talks about the DOJ potentially scaling back the protections Section 230 grants to content platforms. The show closes with a listen to some new audio of Mark Zuckerberg leaked by Facebook employees.
Originally Aired: 09/24/20
00:00 - Subscribe for Tech & Business News Daily
00:30 - Xbox Marquee Strategy
08:53 - Section 230 Effectiveness
23:43 - Facebook Zuckerberg Audio Leak
Alex discusses Kayne West tweeting about starting a Y Combinator for the music business and recaps his discussion with Benedict Evans in the previous episode. The second half of the show covers bullish comments from Snowflakes CEO and an update on the U.S. TikTok deal.
Originally Aired: 09/22/20
Alex opens the show discussing Wish, an American eCommerce marketplace platform featuring goods from many Chinese sellers, and their plans to IPO. He compares Wish with Amazon and explains why he's bearish on the company in the long term. Next, a look at Patreon raising a $60 million series D round. The show closes with coverage of a report saying the DOJ plans to move forward with an antitrust case against google despite lawyers asking for more time to build the case.
Originally Aired: 09/04/20
The show opens with Alex discusses his appearance on Fox Business earlier in the day to discuss the tech market and what's going on with TikTok's U.S. acquisition. Next, a look at Disney+ and the streaming service's impressive subscriber numbers after less than 1 year in operation. Alex breaks down how gaining market share the way Disney+ has in streaming would be very unlikely in the winner take all markets that platforms occupy. The show closes with a look at Amazon putting $100 million toward creating a luxury goods marketplace à la Farfetch.
Originally Aired: 08/31/20
Benedict Evans joins Alex for a discussion on tech regulation, protectionism, and antitrust. They discuss current top stories, including TikTok's U.S. acquisition and Nvdia buying ARM, while also delving into large-scale topics like the media's coverage of tech, tech protectionism in western democracies, and the shift away from the U.S. leading governance of the internet.
Subscribe to Benedict Evans Newsletter at: https://www.ben-evans.com/newsletter
Originally Aired: 09/15/20
00:00 - Subscribe for Tech & Business News Daily
00:26 - Benedict's Current Ventures
01:11 - Benedict Evans Tech Newsletter
01:59 - Coverage of Tech by the Media
05:40 - Nvidia's Acquisition of ARM
07:22 - Geopolicitcs of TikTok Deal
11:01 - Initial reaction to TikTok Regulation
12:27 - The Internet Has By Default Run on US Rules
16:21 - Regulating a Future w/ More Foreign Apps
19:26 - Should The EU Have Adopted Tech Protectionism?
25:21 - European Attitude Towards Data and Privacy
28:56 - Platforms Taking Advantage of Producers
33:57 - Regulating vs Breaking Up Tech Companies
34:47 - Why App Store Issues are NOT a Competition Problem
37:48 - Dealing with Natural Monopolies
41:56 - Specific Regulation for Individual Tech Monopolies
46:22 - Challenges for US regulation
48:41 - Is Netflix Overvalued?
53:13 - Why Netflix is a TV Show Company, Not Tech
54:33 - Don't Forget to Subscribe For More Winner Take All!
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Alex starts the show with a look at @WisdomTree ETFs PLAT hitting new all time highs and the unrelenting strength we've seen from platform stocks over the past few months. Next, a look back at a video on advertisers boycotting Facebook and an update on how this has affected Facebook. The second half of the show delves into COVID spurred retail bankruptcies and covers upcoming IPOs from Ant Group and Palnatir.
Originally Aired: 08/26/20
It's a TikTok focused episode that kicks off with news ByteDance COO and TikTok CEO Kevin Mayer has resigned. Next, Alex comments more on the potential acquisition of TikTok's U.S. business and news that Walmart might also be involved in the deal. The show closes with thoughts on the amazing power of platforms and how it can unfortunately be abused when Governments take too much control. Alex listens to an excerpt from Chen Guangcheng's speech at the Republican National Convention.
Originally Aired: 08/27/20
Alex opens the show looking at news of TikTok suing the U.S. government over the potential ban and forced sale of its U.S. business. Next, we look at the latest on the battle between Epic Games and Apple over mobile app store and device policies. The show closes with a look at Domio being suspended from operating on Airbnb. Alex discusses the suspension and explains why he has a bone to pick with the way Domio is being portrayed.
Originally Aired: 08/24/20
Nick joins at the top of the show to discuss network effects and aggregator theory. Next, Alex breaks down why he loves Jack Henry's move to build a commercial lending marketplace. The show closes touching on Epic Games and Apple battling over app store fees.
Originally Aired 08/20/20
Timestamps:
00:00 - Subscribe for Tech & Business News Daily
00:17 - Network Effects w/ Nick
09:56 - Jack Henry Lending Marketplace
20:28 - Apple vs Fortnite
The episode begins with a look at the strong growth numbers shared in Walmart's Q2 2021 earnings report and Amazon's breakdown between first and third party sales. After touching on an interesting marketplace we discovered where users can buy and sell Amazon seller accounts, Alex digs into the latest on California's AB5 law and how it will likely result in Uber and Lyft ceasing business in the state. The second half of the show takes a look at China's 50 Cent Party, a state run internet propaganda farm, and the shortcomings of contact tracing apps.
Originally Aired: 08/18/20
00:00 - Subscribe for Tech & Business News Daily
00:28 - Walmart eCom Growth
03:25 - Amazon Hockey Stick
07:52 - Uber w2 vs 1099
12:44 - 50 Cent Party
23:55 - Contact Tracing
The show starts with a look at Luxury Fashion platform Farfetch's Q2 2020 Earnings after a prediction 2 weeks ago that they would beat estimates. Next, Alex talks about Airbnb filing for an initial public offering and how Walmart's new partnership with Instacart could be a test drive for an acquisition. The show closes with a look at a article from Pinterest's former COO and news senators urging the U.S. Justice Department to probe Zoom.
Originally Aired: 08/13/20
00:00 - Subscribe for Tech & Business News Daily
00:20 - Farfetch Q2 2020 Earnings
05:46 - Airbnb IPO
13:35 - Walmart Partners with Instacart
17:55 - Pinterest CEO Problem
29:45 - Urge for Zoom Probe
To open the show we're joined by Kara Marciscano from WisdomTree to talk about recent enhancements to the PLAT ETF, the WisdomTree Growth Leaders Fund. Next, Alex goes in-depth on the miraid of politics and business issues surrounding TikTok's US business and possible acquisition by a stateside entity. The show closes with discussion of the low latency, broadband internet system Starlink.
Originally Aired: 08/10/20
Alex kicks off the show with a look at some of the changes to PLAT, WisdomTree's Growth Leaders Fund that exclusively invests in platform-based businesses, and details some of the information WisdomTree licenses from Applico to qualify platform companies for inclusion in the ETF. Next, a look at Square's financial services and what they do in platform revenue. The show closes with details on why Alex is weary of Microsoft purchasing TikTok's American business and Teladoc merging with Livongo.
Originally Aired: 08/06/20
Timestamps:
00:00 - Welcome to WTA
00:17 - PLAT ETF Updates
12:57 - Applico's Platform Revenue Insights
20:41 - Square a Platform?
24:25 - Microsoft and TikTok Risk
31:20 - Livongo and Teladoc Merge
Alex opens the show looking at a new report released by sneaker marketplace, StockX, that breaks down the increase in demand that the platform has seen over the past 3 months. Next, discussion on economic impact data from Yelp that paints a bleak picture of the restaurant business during COVID-19. The second half of the show looks into Uber's acquisition of Routematch and Microsoft's 2020 fiscal fourth-quarter earnings.
Originally Aired: 07/23/20
00:00 - Welcome to Winner Take All
00:18 - StockX Crushing
08:53 - Restaurant Catastrophe
13:40 - Uber Buys Routematch
19:40 - Microsoft Earnings
The show is back in our Connecticut studio and to start things off Alex takes an in-depth look at Netflix's down Q2 2020 earnings report. He digs into how Netflix amortizes their content and explains how small changes to amortization can have a big impact on whether or not the streaming service is "profitable". Next, a look at TikTok possibly being sold to be spun off into an American entity and China's boom in livestream shopping during the COVID-19 outbreak. The show closes with a look at SiriusXM's acquisition of the podcasting platform, Stitcher.
Originally Aired: 07/17/20
00:00 - Welcome to Winner Take All
00:23 - Netflix Q2 2020 and Amortization
16:58 - TikTok Sale?
23:29 - Livestreaming For Retail
26:28 - Stitcher Podcasting Sold
The show opens with coverage of news that Walmart's competitive offering to Amazon Prime, Walmart Plus, will be launching by the end of this month! Next, Alex looks at the GSA's Commercial Platforms Initiative and theorizes why Amazon was included but not eBay. Also covered, Huawei losing out to Nokia and Ericson in Singapore and the need to fight for openness and freedom across communication platforms.
Originally Aired: 07/08/20
00:00 - Show Open
00:17 - Walmart Plus
14:21 - Amazon Controls Congress
24:31 - Huawei Loses in Singapore
29:54 - FoS - Freedom of Speech
The show opens with an in-depth look at Pandemic Unemployment Assistance for contract and gig workers. Next, Alex breaks down Ubers acquisition of delivery platform Postmates and compares the deal to what a deal with Grubhub could've been. The show closes with coverage of platforms halting data requests from Hong Kong after the passing of a new wide-reaching national security law by Beijing.
Originally Aired: 07/06/20
TIMESTAMPS
0:00 - Winner Take All Episode 101
0:17 - State of Gig Economy
15:05 - Uber Buys Postmates
21:40 - Hong Kong Tech Reaction
Founder of MediaNama, the premier source of information and analysis on Technology Policy in India, Nikhil Pawha joins Winner Take All to discuss the Indian Government blocking 59 mobile apps engaged in activities prejudicial to sovereignty and integrity of India. Next, Alex breaks down why he thinks Zoom and TikTok need to spin out seperate U.S. based entities. The show closes with Alex looking at questions and comments from viewers.
Originally Aired: 07/01/20
TIMESTAMPS -
00:17 Nikhil Pawha on India App Bans
19:53 Zoom and TikTok Spin Outs?
26:44 Viewer Questions
The show opens with a look at the impact advertisers leaving Facebook could have and how Facebook can balance upholding civil liberties while still appeasing advertisers. Next, Alex looks at the EU's newly released evaluation of the Code of Conduct and Reddit's recent purge of subreddits associated with hate speech. The shows closing topic takes a look at some of the different interaction models we see on platforms and critiques how we have yet to clearly define when communication via these forms of interaction are and are not protected free speech under the First Amendment.
Originally Aired: 06/30/20
TIMESTAMPS -
01:28 Facebook vs Everyone
17:04 SubReddit Bans
22:16 Content Monopoly Regulation
Alex opens the show with an in-depth look at email app Hey, and their battle against Apple's unclear App Store terms of service. Next, Alex breaks down the WTA TikTok account being overrun with comments from Chinese propaganda bots. He breaks down events around the video post, estimates how large he thinks the Chinese Government's social media misinformation operations are, and explains why he's okay with the comments staying on the video.
Originally Aired: 06/26/20
TIMESTAMPS:
00:29 - Apple App Store Terms of Service
14:39 - WTA Attacked on TikTok
Alex opens the episode from a new mystery location studio, if you can guess what state he's in (leave a comment) we'll send you an Applico prize! The first topic of the show dives into some examples of the marquee platform strategy, including Spotify's investment into podcasts, the closing of Microsoft's Mixer, and Epic Games' PC game marketplace. Alex also breaks down why striking against a platform monopoly like Facebook won't work.
Originally Aired: 06/24/20
TIMESTAMPS:
00:58 Marquee Strategy
03:22 Spotify Podcast Deals
06:27 Mixer Shuts Down
11:30 Epic Games Store
12:37 Facebook Cancel Culture
The show opens with a look at two companies that can be described as having a "Chinese body, US head", Zoom Video and TikTok. Alex takes an in-depth look at the two companies dodgy ties to China and explains why US and Chinese arms of these companies need to be decoupled into separate business entities(if possible). Next, a look at news of Instacart partnering with Office Supplies retailer Staples, and Walmart teaming up with Shopify. The show closes with a look at Facebook CEO Mark Zuckerberg's op-ed on strengthening democracy and Google demonetizing two Conservative news sites.
Originally Aired: 06/17/20
TIMESTAMPS:
00:19 Chinese Body US Head Tech Companies
15:15 Instacart + Staples
17:52 Walmart Partners with Shopify
21:07 Zuckerberg Op Ed
23:58 Google Demonetizing Sites
The show opens with more details on Just Eat's acquisition of Grubhub including details straight from GRUB CEO Matt Maloney. Next, Alex explains why he agrees with Facebook's stance on platform censorship and looks at some new data on Amazon selling to hospitals. The show closes with an in-depth discussion on the EU antitrust charges against Amazon and what EU (and eventually US) regulators need to do to finally get this right!
Originally Aired: 06/16/20
TIMESTAMPS:
00:16 - Why GRUB was overvalued
06:36 - Cancel Facebook?
10:38 - Amazon Supplying 50% of Top Hospitals
12:16 - Amazon EU Hot Water
The show opens with a look at the $7.3 billion dollar deal between Just Eat Takeway and Grubhub. Alex breaks down the big move in the food delivery space and questions what the synergies are here. Next, a look at Instacart's announcement of their new funding round and discussion on what could be next for the king a grocery delivery (they recently passed Walmart!). The show closes with a look a Zynn, a Tencent backed TikTok-like that's been removed from the Play Store by Google for stealing content.
Originally Aired: 06/11/20
00:53 - Just Eat Takeaway Buys Grubhub
10:37 - Grocery Platform Acceleration
14:28 - Zynn App Cheating
Alex opens the show with a note on the PLAT ETF before diving into new TikTok/ByteDance revenue numbers. Next, coverage of the sudden slew of DCMA claims sent to Twitch streamers and TikTok's precarious music licensing negotiations. The second half of the episode contains discussion on Elon Musk tweeting that Amazon needs to be broken up and Instacart's evisceration of grocery delivery competitors during the COVID-19 outbreak (including Walmart!!!).
Originally Aired: 06/09/20
00:18 - PLAT ETF
01:37 - TikTok Domination
07:36 - Music Labels Come After Twitch and TikTok
14:59 - Elon Says Break Up Amazon
19:26 - Instacart is Kingc👑
It's an antitrust focused episode where Alex goes in-depth on the current situation around Twiiter's censorship of president Trump and the executive order in response. Additionally, Alex explains Section 230 (AKA Protection for private blocking and screening of offensive material), and breaks down the core functions of content platforms. The show closes with thoughts on how this new attention brought to social platforms could lead to the partial dilution of tech monopolies.
Originally Aired: 06/05/20
01:03 - Twitter Anittrust
02:44 - Trump's Executive Order
05:43 - Section 230
12:58 - Content Platform Core Transaction
23:26 - Content Platform Dilution
The episode kicks off with a look at Reliance Jio's foray into online grocery delivery and the multiple recent investments the company has received from big tech names. Next, Alex looks at Meituan Dianping's earnings and closes the show with an in-depth discussion on U.S. tech censorship.
TIMESTAMPS:
00:20 - Reliance Jio Grocery
04:03 - Meituan Food Results
09:02 - US Tech Censorship
Originally Aired: 05/27/20
Alex opens the show looking at the recent proposed regulation around Chinese stock reporting and discusses what this could mean for foreign platform stocks. Next, a break down of what happened to fintech startup Motif, one of the first fintech downturn victims. The show closes with commentary on the recent $100 million Joe Rogan podcast deal with Spotify.
TIMESTAMPS:
00:16 - Chinese Stock Regulation
06:24 - Fintech Victims
09:04 - Joe Rogan Spotify Deal
Originally Aired: 05/21/20
Tim joins the show for in-depth discussion on the current tech landscape, where he sees a breakdown in the fundamentals of how marketplaces should operate, a disconnect around the current ways we assess created value from companies, and thoughts on Amazon and Google's current antitrust issues.
Tim O’Reilly is the founder and CEO of O’Reilly Media Inc. Tim and O’Reilly Media’s catalytic impact on the technology world include the framing of big ideas like “open source software”, “web 2.0”, “the Maker movement”, “government as a platform”, and “the WTF economy”. Tim is also a partner at early stage venture firm O’Reilly AlphaTech Ventures, and on the boards of Code for America, PeerJ, Civis Analytics, and PopVox. Tim is currently working on a new book about why we need to rethink antitrust in the era of internet-scale platforms.
Originally Aired: 06/01/20
Alex opens the show discussing Uber's second round of layoffs and Amazon making moves where Uber Freight is slowing. Next, coverage of Facebook acquiring Giphy and the head of Disney+ leaving to become CEO of TikTok. The show closes with a look at Amazon's delivery only dark stores and a message about Applico's FoodTech landscape.
Originally Aired: 05/19/20
TIMESTAMPS:
00:19 - Freight Marketplace Shakeup
11:39 - Facebook Buys Giphy
12:55 - Head of Disney+ Moves to TikTok
20:36 - Food Marketplace Landscape
The episode opens with Alex taking a look at Instacart being in talks to raise new funding and Walmart Marketplace topping app download charts. Next, Alex breaks down two opportunities he sees in the B2B industry, using a marketplace as an internal buyout tool, and supplying eCommerce SaaS technology. The show closes with questions from WTA viewers.
TIMESTAMPS:
00:17 - Instacart Funding
04:16 - Walmart Beating Amazon
09:19 - B2B Buyout Marketplace Opportunity
15:19 - eCommerce B2B Distributor Strategy
19:12 - WTA viewer questions
Originally Aired: 05/15/20
The show starts with a look at tech stocks dominating the U.S. market and our opening topic which covers a Wall Street Journal article about Amazon using third party seller data to unfairly compete within the marketplace (something WTA covered 6 months ago). Next, Alex takes an in-depth look at Facebooks censorship issues and purposes some possible solutions to "fake news". The show closes with a look at the spike in activity on streaming platform Twitch.tv and Fortnite holding a virtual Travis Scott concert for 27.7 million unique players. Originally Aired: 04/24/20
TIMESTAMPS:
00:29 - Tech Stocks Dominating
03:09 - Amazon Snooping Seller Info
06:41 - Facebook Censorship
15:40 - Twitch Growth
17:47 - Fortnite Concert
WorkMarket Co-Founder and President Jeff Wald joins the show from Manhattan to discuss Volunteer Surge, a platform launched in response to the COVID-19 Outbreak to train and deploy nurse aides. Jeff and Alex discuss how Volunteer Surge was created, how the platform works, who can apply, and the response the program has received since launching. Jeff also details the inception of WorkMarket, his journey as a founder, and views on the future of contract workers and the gig-economy. Jeff's book "The End of Jobs: The Rise of On-Demand Workers and Agile Corporations" is available June 2, 2020. BECOME A VOLUNTEER👩🏼⚕️: https://volunteersurge.com/ The End of Jobs📕: https://www.amazon.com/End-Jobs-Demand-Workers-Corporations/dp/1642934356 WorkMarket is trusted by businesses of all sizes to find, manage and pay their freelancers and independent contractors: https://www.workmarket.com/
Munchery co-founder Tri Tran joins the show from San Francisco to discuss with Alex how the COVID-19 pandemic has affected different areas of the food industry. Tri and Alex talk about food startups pivoting in response to new quarantine driven types of demand and detail how they think now could be an opportune time for incumbents to invest in disruptive startups within the industry.
Alex opens the show with a look at the continued difficulties some traditional retailers are facing during the pandemic and discusses what companies may not survive the downturn. Next, he discusses a recent post from Marc Andreessen on it being time for the U.S. to invest in building. The show closes with a look at tech earnings and the shift to digital.
TIMESTAMPS:
00:17 - Retail COVpocalypse
04:57 - Time to Build
17:01 - Tech Earnings, Netflix and Snapchat
Alex opens the show looking at Verizons recent acquisition of video conferencing tool BlueJeans and breaks down what makes a communication tool a true platform. Next, he discusses Stripe's $600 million raise and Microsoft's new multi-year deal with the NBA. The show closes with a special offer for viewers interested in reading Modern Monopolies on a Kindle device.
TIMESTAMPS:
00:16 - Verizon Acquires BlueJeans
00:32 - What is a Communication Platform
07:52 - Stripe Raise
10:10 - Microsoft NBA Deal
16:13 Modern Monopolies Giveaway
UPDATE: It appears the sale on the Kindle edition of Modern Monopolies has ended. Thanks to everyone who participated in the giveaway!
Alex opens the show with more details on Airbnb's $1 billion private equity deal and a look at Slack selling convertible notes to raise $600 million. Next, a look at some platforms that are thriving during the pandemic and the biggest issue with Zoom's recently security blunder. The show closes with a look at Macy's departure from the S&P 500.
TIMESTAMPS:
00:17 - COVID Tech Discounts
06:16 - Which Platforms Thrive?
11:43 - Zoom Deceit
15:32 - Macy's Out of S&P 500
Alex opens the show talking about the three main buckets of businesses that are "pandemic proof". Next, he explains why Venture Capital is failing at supporting disruptive startups and breaks down the 4 lasting impacts he sees coming out of COVID-19. The show closes with a look at the new video service Quibi and a message about where we're currently at in the pandemic.
TIMESTAMPS:
00:36 - Are You Pandemic Proof?
05:29 - Liquidity for Tech Startups
17:21 - Lasting Impacts of COVID-19
27:34 - Quibi Launches
Alex opens the show with a look at the continued difficulties tech startups have been facing and then highlights the two platform stocks he thinks are good buys during the downturn. Next, Alex shares excerpts from an Applico deep dive looking at Booking.com vs. Marriott International Inc. The show closes with a round up of Amazon News and a story about Gojek shares being bought and sold on the secondary market.
TIMESTAMPS:
01:04 - Tech Startup Pain Continues
06:28 - Platform Stocks to Hold
14:29 - Booking vs Marriott Deep Dive
24:25 - Amazon News
36:02 - Gojek Secondary Market Shares
Alex starts the show with a look at how the SARS outbreak impacted markets and compares that data to what we've seen so far with COVID-19. Next, a look at the current state of startups and some ways regulation is being done right during the pandemic. The second half of the show looks at some companies that are still able to successfully raise capital and what the big tech monopolies have been doing in response to conronavirus. Alex breaks down if Airbnb's IPO will be canceled, the surge in Uber Eats orders, Gojek raising $1.2 billion, France helping fund startups, and the potential Facebook deal with Reliance Jio.
Originally aired 03/20/26
00:33 - Will Stocks Stay Up/Look at SARS Data
09:09 - State of Startups
10:49 - Fintechs
12:29 - Regulation Done Right
19:35 - Monopoly Platforms
27:19 - Facebook Reliance Deal
Alex opens the show with his views on the current pandemic and market volatility before jumping into what might happen to Fintechs during the down cycle and explaining why private equity firms are licking their chops. Next, an analysis of Uber vs. Lyft during COVID-19 taking a look at which ride sharing platform is better positioned to outlast the pandemic. The show closes with some corporate innovation topics covering digital transformation, accelerators, and incumbent tech integrations.
00:12 - COVID-19 Message
05:42 - Fintech in Downturn
11:36 - PE Licking Chops
14:14 - Uber vs. Lyft - Platform Conglomerate
19:09 - What is Digital Transformation
23:39 - YCombinator vs Tech Stars
30:18 - What Does Integration Look Like?
Alex opens the show with a look at the impact Coronavirus is having on content platforms. Next, he takes a look at the bump we've seen on gaming platforms, some moves Amazon has made during the pandemic, and the slow down in buying properties from Real Estate platforms. The show closes with a look at how startup funding is slowing and what is going on with Blue Apron's stock.
TIMESTAMPS:
00:28 Coronavirus and Content Platforms
00:46 Facebook Small Business Grant
01:29 TikTok Competitor Likee Coming to the US
06:44 Facebook and Google Ad Downturn
08:23 Gaming Platform Activity
09:57 Amazon Stories
13:04 Real Estate Platform Buying Halt
16:03 Startup Investing
18:04 Blue Apron Stock
The show opens for the first time from our new Greenwich, Connecticut studio with a look at how big tech has been helping to fight the Coronavirus outbreak. Next, Alex looks at security concerns that may come with government access to location data for quarantine purposes and how platforms stocks have been doing in the downturn. The show closes with a continued look at how the Coronavirus outbreak is impacting startups and analysis of the 2017 deal between home services provider Hello Alfred and luxury real estate firm Related.
Alex and Nick open the show with news that Amazon is officially offering to license their "Just Walk Out" cashierless technology to retailers, something we called on WTA months ago! Next, they look at how the PLAT ETF has been performing during the market downturn and then cover incumbent tech integrations, highlighting multiple deals over the past years.
TIMESTAMPS:
00:23 - Amazon's "Just Walk Out" technology licensing
8:17 - PLAT ETF Performance
9:45 - Incumbent and Tech Integration
23:08 - QVC and Zulily
31:19 - Comcast/Golf Channel + GolfNow
34:40 - Ping An + Good Doctor
41:42 - Sotheby's + Viyet
49:00 - Walmart Grocery
Alex and Nick open the show with a look at the ways China has attempted to regulate the sharing of Coronavirus information on platforms and a discussion on how the outbreak could impact startups. Next, they take a look at how the virus has affected platforms stocks and the rise of Roblox as a development platform. The show closes with coverage of the EU's new marketplace rules.
TIMESTAMPS:
00:30 - Coronavirus Chinese Regulation
06:43 - Coronavirus and Startups
11:10 - Corona Stock Picks
19:14 - Roblox Dev Platform
26:06 - EU Marketplace Rules
Alex opens the episode with a look at an interesting antitrust suit involving American Express and whether or not they possess marketplace dynamics. Next, Alex digs into what the value of data is for tech startups and looks at a potential new platform Spotify is incubating. The show closes with a look at Google's autonomous driving technology development company, Waymo, opening up for outside investment.
00:19 - Two Sided Marketplace Anittrust
07:23 - Data Network Effects
10:58 - Another Spotify Platform
14:35 - Waymo Outside Funding
Alex and Nick are back in the NYC studio and open the show with a look at Amazon creating a cashierless full size grocery store and new data on the market share Amazon has been able to capture in fashion. Next, they take a look at Indigo Agriculture holding layoffs in order to focus on growth and a list of CEOs who failed to navigate disruption. The show closes with coverage on what innovation theater is, finding boardroom buy in, and the legal considerations that come along with disruptive innovation.
00:55 Amazon Opening Cashierless Supermarket
5:44 Amazon UK Menswear
08:20 Indigo Ag Growth Focus
12:53 Not So Agile Giants
21:38 What is Innovation Theater?
26:22 Board Room Buy In
36:50 Innovation Legal Considerations
Alex starts the episode with a break down of why the deal between Lending Club and Radius Bank is genius. Also covered in this episode, why Target+ is failing and the inception of Symphony messaging.
TIMESTAMPS:
00:09 - Meet Moxie
01:09 - Lending Club Radius Bank Deal
11:26 - Symphony Messaging
14:39 - Target+ Misses
The episode starts with a look at two big deals recently in the financial services space involving E-Trade and Lending Club. Next, Alex breaks down how incumbent banks helped instantiate Zelle to compete with Venmo, and Symphony to compete with Bloomberg. In the second half of the show Alex explains Europe's lost tech generation and breaks down how Domino's failed to gain foothold in the delivery platform market. The show closes with a look at some key tools for corporate innovation.
00:20 Financial Services Deals
20:07 Zelle and Venmo
24:02 Symphony Platform Dynamics
29:28 Europe's Lost Tech Generation
34:36 Domino's Delivery Fail
38:26 Corporate Innovation Tools
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex opens the show with a look at Walmart's latest earnings report and explains why he's still bullish despite a lower than expected Q4 for the retail giant. Next, he takes an interested look at how the online luxury fashion retail platform Farfetch stacks up against long time retail incumbent Macy's. The second half of the episode covers the different types of user generated content and looks at the PLAT ETF reaching a new milestone.
00:18 Walmart Earnings
12:19 Macy's v Farfetch
20:32 Types of Use Generated Content
28:51 PLAT ETF Milestone
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex opens the episode taking a look at some recent news surrounding WeWork including Goldman Sachs' CEO commenting "I’m not sure that we got it so wrong”. Next, Alex shares his takeaways from Andreessen Horowitz's new Marketplace 100 rankings. The show closes with a look at build vs. buy and build & buy strategies.
00:21 Goldman on WeWork IPO
09:03 a16z Marketplace 100
14:22 Build & Buy
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex opens the show with a look at ride sharing platform Lyft, breaking down how the company's lack of platform conglomerate status makes it more difficult to solve for the chicken and egg problem. Next, he looks at Walmart shuttering their Jet Black shopping service and a platform opportunity in the gaming space. The show closes with a look at corporate innovation and corporate accelerators.
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex opens the episode with a look at Apple Pay's growth trajectory and explains why Apple has been able to grow faster than alternatives like Samsung Pay. Next, he looks at the recent SoundCloud investment from SiriusXM and then compares and contrasts Intrepreneurs with entrepreneurs.
TIMESTAMPS:
0:17 - Apple Pay Growth
3:59 - SiriusXM Invests in SoundCloud
7:50 Intrepreneur vs. Entrepreneur
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex opens the episode with a look at Apple's new move to unify their various app stores and Huawei's new mobile alliance. Next, he looks at some antitrust news in the B2B agriculture space and explains why B2B distributors need to take advantage of their value now. The show closes with an update on Epic's letter urging hospital customers to oppose sharing of EHR data.
0:17 - Apple Unifies App Store
1:58 - Huawei's New Mobile Alliance
7:13 - Agriculture Platform Antitrust
10:01 - B2B Marketplace Landscape
19:13 Epic's EHR Letter
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex opens the first show from our Palm Beach satellite studio discussing the new financial data Google recently revealed about YouTube. Next, he covers the Intercontinental Exchange's eBay takeover offer and closes the show answering a viewer question about Applico's story.
TIMESTAMPS:
00:29 - YouTube a $15 Billion Business
12:03 - eBay Takeover Offer
17:40 - About Applico
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex starts the show with an in-depth look at phase 1 of the US China trade deal, detailing stipulations around counterfeit goods, intellectual property, and the impact increased spending could have on the US GDP. Next he explains how the 3 month process of platform design works, why McDonalds got a bad deal with Uber Eats, and what is going on with SoftBank funding multiple ends of the food delivery platform wars. The show closes with a look at how Epic Games has quickly become a big competitor in digital PC games sales.
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex opens the show with an in-depth look at Epic's despicable behavior urging hospitals to not share medical info. Next, we take a look at the White House cracking down on counterfeit products, Netflix's P/E ratio, News Corp's new KNewz platform, and Facebook's curation practices. The show closes with a look at Penn National's new investment in Barstool sports.
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex opens the episode with a look at some new antitrust big tech accusations, including an in depth look at Amazon bullying mobile accessory company PopSockets. Next is a look at Google Health gaining traction and analysis of Airbnb's numbers with a likely 2020 IPO in mind. The show closes with a break down of Rakuten and Alibaba's startegies as they enter the US market.
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex opens the show looking at a USA Today article that claims Disney+ has 41 million subscribers. Next we look at Netflix's slowing subscriber growth and Google breaking the trillion dollar mark. The show closes with discussion on the FBI–Apple encryption dispute.
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
Alex and Nick open the episode with a look at Visa's $5.3 billion acquisition of fintech payment pipe Plaid. Next, they state their case as to why retailers should join together to fight Amazon Go and look at yet another SoftBank blunder. The show closes with a look at the EU's frustrations with fining tech monopolies.
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
The show opens with a recap of Munchery co-founder Tri Tran's correct prediction on yesterday's episode about who would be the most likely buyers if Grubhub were to sell their delivery platform. Next, Alex breaks down Mark Zuckerberg's newly published 10 year roadmap and discusses how we haven't yet seen the next big development platform. The show also covers Spotify's growing market share in podcasts and the importance of achieving consensus in the boardroom.
Watch clips from the show and full 4k episodes over on our YouTube page: https://www.youtube.com/channel/UCUVFoF6YKQzP9rIL3TdMoxg
The episode starts with Munchery co-founder Tri Tran joining WTA to discuss with Alex the rumors that Grubhub is considering a sale of their delivery platform. Next, Alex looks at news that Amazon will be launching a luxury fashion platform and reviews the PLAT ETF over the past month. The show closes with a look at Applico's platform design toolkit.
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Alex opens the episode with a look at the negative effects California's AB5 law is creating for independent contractors and explains how the bill doesn't address the two main concerns of gig economy workers. Next, Alex goes in-depth on hospital pricing and why there's such a lack of transparency throughout the industry. The show closes with some viewer questions on Shopify and whether demand or supply is more important when starting a platform.
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Alex and Nick open the episode discussing Facebook's acquisition of video commerce platform Packagd. They also discuss Snapchat's new Bitmoji TV, the Navy banning TikTok, and Amazon commercial. The show closes with a discussion on whether or not Alibaba should change their name before entering the US B2B market.
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Alex opens the episode with a look at the latest meddling China and Russia have been doing to their national internets. We also cover the governance changes at Yandex, new highs for the PLAT ETF, and how GDPR continues to stumble.
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Alex and Nick open the episode by taking a look at a recent interview with Eli Lilly CEO, David Ricks, that touches on some of the same points that D.A. Wallach discussed while appearing on Winner Take All as a guest speaker. They also look at some odd amendments made to Fudan University's charter, Uber selling out of India, and the C-suite changes at Bed Bath & Beyond. The show closes with an explanation of how large enterprises can utilize "Dry Powder" to spin out new platform businesses.
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Alex and Nick start off the show with a look at a story on large customer's increased use of Amazon Business and Amazon's continued development of integrations to serve big buyers. Next we look at the influencer marketing landscape in China and look at Delivery Hero's buyout of Woowa Brothers. The show closes with a look at the PLAT ETF.
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Alex opens the show with a look at Expedia and the recent executive changes made at the company. We also cover Waymo's addition to the app store, SoftBank divesting from Wag, and RBC Capital's new analysis of Amazon Business. The show closes with a look at various holiday sales numbers including new data on Thanksgiving weekend 2019.
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Fritz Demopoulos, founder of Qunar, Shawei, and Queen's Road Capital, joins the show from Hong Kong to discuss becoming a serial entrepreneur, building Qunar.com into a billion dollar business, antitrust, tech protectionism, and the future trends he's investing in.
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Alex and Nick open the show with a quick look at Amazon repackaging products from larger retailers before digging into their deep dive analysis on Grainger and Zoro's marketplace initiatives. They also answer viewer questions, recap Alex's recent appearance on Fox Business, and explain the platform dynamic within Google Health.
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Alex opens the show with a look at eBay's recent sale of StubHub to London-based ticket exchange Viagogo. The show closes with an in-depth look into how growing a true marketplace can often require hacks and workarounds before reaching critical mass.
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Alex opens the show with a look at PayPal's acquisition of Honey Science Corporation and discusses if PayPal might have overpaid for the coupon browser extension. Alex also covers Alibaba's secondary listing in Hong Kong, Amazon's free cash flow, and Yahoo merging with Line. The show closes with a look at the Indonesian online marketplace Tokopedia.
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Alex and Nick open the show with a look at Walmart's newly released materials on their Free TwoDay Delivery for Marketplace program. They also take a look at the new social news platform WT.Social, NYC ride sharing company Juno shutting down, and John Stankey's comments about opening up HBO Max streaming. The show closes with a discussion about DoorDash possibly holding a direct listing.
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Alex and Nick open the show discussing the news of Nike removing all their product from Amazon and Alex makes a prediction that they'll make a platform acquisition by the end of next year. They also dig into Amazon's issues with Chinese products, what Stratechery's Ben Thompson thinks about US protectionism surrounding TikTok, and the growth we have seen from both Walmart and Amazon Business.
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On this episode of Winner Take All Alex talks about the "Prime Day" of China, Singles Day, and breaks down how much Chinese consumers spent in 2019. We also look at news of Google secretly using American's medical records and Disney+'s first day bugs. The show closes with viewer questions and the latest entry of our new Enterprise Venture Building series.
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On this episode of Winner Take All Alex breaks down Blackstone's acquisition of dating app Bumble and looks at Apple's new health integrations with the VA. Alex also discusses the success Zillow is seeing with their new Offers program, Amazon publishing a catalog, and tactics necessary for rapid business model validation.
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On this episode of Winner Take All Alex discusses Google's abuse of search ranking and looks into why TikTok is the subject of a national security probe. The show closes with a look at supply side disruption in the trucking and logistics industry.
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Alex recaps his day at The New York Times DealBook Conference and discusses what he heard from Assistant Attorney General Makan Delrahim and Uber CEO Dara Khosrowshahi.
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Alex and Nick dig into Uber's Q3 2019 earnings report and talk about why they're still bullish despite the media reporting huge losses. Next we take a look at the continued battle between Amazon and Walmart before discussing Wayfair's linear furniture business. The show closes with a report on Disney+ subscriber numbers (before the service has even become available) and the latest segment in our Enterprise Venture Building Series.
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Catch Founder & COO Kristen Tyrrell joins the show to discuss California's Assembly Bill 5. Alex and Nick also break down Alex's appearance on CNBC's Power Lunch, Google acquiring Fitbit, and Facebook Earnings.
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On this episode of Winner Take All we discuss LAX's new policy making picks up a nightmare at LAX and Yahoo partnering with MGM to add sports betting to their fantasy app. We also look at Amazon's new grocery delivery initiative, GrubHub's letter to shareholders, and Grainger adding more SKUs to their offerings. The show closes with a look at earnings from Etsy, LendingTree, and Pinterest.
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On this episode of Winner Take All Alex takes a look at China launching a digital currency, the future of digital casinos, and AT&T succumbing (partially) to Elliott Management. The show closes with a discussion on untapped enterprise assets and how Applico uses these assets to spin out new platforms.
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On this episode of Winner Take All Alex and Nick start the show with a look at recent comments from both Lyft and Uber about when they will reach profitability. The guys also look at Chinese B2B Marketplaces, why Snap is playing nice with TikTok, and platforms performance in the S&P 500. The show closes with a look at the marquee strategy Mixer is using to pull fans away from Twitch.
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The episode starts with Alex recapping his appearance on Fox Business and getting into his thoughts on Zuckerberg testifying about Libra. Alex and Nick also discuss Amazon and Microsoft's earnings, South Park's $500 million streaming deal, and Netflix selling off junk bonds. The show ends with a look at recent Nike and Under Armour CEO departures and whether or not apparel companies should own their own marketplaces.
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Alex takes a look at Walmart subsidizing marketplace vendors, a new pet friendly Uber feature, and Comcast adding apps to their Flex streaming box. Also covered is a look at trade deficits and Mark Zuckerberg's Georgetown speech.
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On this episode of Winner Take All Alex looks into digital bank Chime going dark, arguments over protections from Section 230 of the Communications Decency Act, and Marc Benioff's comments about facebook. We also take a look at Netlfix's earnings and Alex answers the question "Was I wrong about Netflix?".
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We kick off this episode of Winner Take All by taking a look at a recent segment on Bloomberg TV discussing the PLAT ETF. Alex also breaks down departures at Walmart, Victoria's Secret running into retailer troubles, and fake sneakers making their way onto StockX. The show closes with discussion of China's soft power and the continued failings of automakers building a dev platform.
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Doris Honold joins the show from London to talk fintech and the impact platforms could have on lending. Alex and Nick also discuss new streaming app DAZN, Tencent's advances with healthcare in China, and how Zillow is losing money to compete with Opendoor.
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On this episode of Winner Take All Alex and Nick discuss why the platform economy is missing from things like GDP and unemployment calculations. The guys also cover all the latest happenings in China and whether or not Google is looking to acquire a TikTok competitor.
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On this episode of Winner Take All we cover retailers closing more stores, Amazon's marketplace monopoly, and MasterCard's farming app that feels like vaporware. We also touch on social media overtaking print and PayPal walking away from Libra.
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Alex and Nick discuss Huawei's foiled process to make Google's apps work on their new phone and look at how the streaming wars are heating up between Netflix and Disney. The guys take a look at a new joint venture between Rue Gilt Groupe and Simon Property Group and disagree with Cramer on the gig economy.
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Alex and Nick look at the huge $12.3 billion Stars Group acquisition deal and explain why DraftKings might need to be worried. We also take a look at PetSmart and discuss some of the shade being thrown around the WeWork deal. The show is closed out by exploring if drones could be a development platform opportunity.
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On this episode of Winner Take All Alex and Nick give the leaked Mark Zuckerberg audio a listen and take a look at ByteDance's massive content platform earnings. The guys also look at some tweets being thrown around about the WeWork IPO and look back at their Amazon Go comments and predictions from August.
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Alex and Nick start the show by addressing some viewer comments and digging into the story of how Reddit grew to be the #3 website in the US. We also touch on McDonald's continued misses with delivery and take a deep dive into 3 of the biggest platform conglomerates operating today.
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On this Friday edition of Winner Take All we go in depth on a new Stratechery article covering Uber. Alex and Nick also discuss World of Warcraft in China, leaked documents detailing Chinese censorship rules, and the departure of eBay CEO Devin Wenig. The show is closed out with a look at the massive growth seen in B2B eCommerce.
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On this episode of Winner Take All we discuss the Chinese government's increased oversight of platforms, WeWork's CEO being ousted, and comparisons between Netflix and Disney. Alex and Nick also share their thoughts on Disney passing on an acquisition of Twitter, McDonald's continued misses with delivery, and the lack of platforms coming out of Europe.
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We take an in-depth look at two different topics on today's Winner Take All. First, Alex and Nick do a deep dive on Uber's numbers and compare them with competitors like Lyft, DoorDash, and GrubHub. In the second half of the show, the guys explain how Amazon is still a modern monopoly despite Walmart having a greater share of the retail market.
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On this episode of Winner Take All Alex and Nick round up some of the notable companies recently raising money and/or headed for an IPO, comments Larry Ellison made about his cat coding platforms, and Walmart's new unlimited grocery delivery. Other topics include an discussion on IPOs vs. direct listing and the Chinese governments meddling with tech platforms.
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Alex takes a look at the growing streaming market and how the competitive landscape is shaping up before moving into the latest on Amazon's antitrust probe and new findings with their search algorithm. We finish out the show with a story about Uber, Lyft, and Doordash's plans to fight the new California contractor laws.
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Alex breaks down his thoughts on the newly enacted contractor laws in California, Forever 21's impending bankruptcy, and Elliott Management Corporation's activist role with AT&T. Additional topics include Uber's new airport function, Epic gathering medical records, and the Ryan ToysReview FTC Complaint.
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Alex talks about Huawei's new Mate 30 phone that will run on Huawei's own OS, what WeWork needs to do to turnaround their rocky IPO, and the melt down of brick & mortar retailers. Additional topics include UPS's complacency while Amazon takes over shipping, an overview of platform types, and a retrospective look at the PLAT ETF.
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Notes from this episode -
State anti trust probes
https://www.reuters.com/article/us-facebook-probe/u-s-states-launch-antitrust-probes-of-tech-companies-focus-on-facebook-google-idUSKCN1VR1K4
Open door vertically integrating
https://www.cnbc.com/2019/09/05/house-flipper-opendoor-buys-title-firm-in-bid-for-more-real-estate.html
Open door valued at 3.8bn, Redfin $1bn. Zillow at ~6bn
Apple copies popular apps
https://www.washingtonpost.com/technology/2019/09/05/how-apple-uses-its-app-store-copy-best-ideas/
The fix is in! EMR BS
The American Medical Association and other prominent medical organizations say requiring that EHRs be accessible to patients using application programming interfaces could facilitate invasions of privacy and abuse of protected health information. National Coordinator for Health IT Don Rucker says improving patients' access to their health data can improve care and engagement, and Center for Medical Interoperability Vice President Brett Meeks said regulators should facilitate development of a reliable data-sharing platform before rules requiring API access are finalized
https://www.nytimes.com/2019/09/03/technology/smartphone-medical-records.html
USV new site: https://www.usv.com
Linear portfolios. VC’s time is up!
Notes from this episode -
Is Peloton a platform?
Amazon Takes Down Products:
https://www.wsj.com/articles/amazon-has-ceded-control-of-its-site-the-result-thousands-of-banned-unsafe-or-mislabeled-products-11566564990
OpenTable Food Delivery: https://yall.com/food-and-drink/opentable-gets-food-delivery-partnership/
Do they have a POS for restaurants?
Value vs. Growth and Platform Conglomerates
Notes from this episode -
Fake news click bait: https://www.fastcompany.com/90394048/uh-oh-silicon-valley-is-building-a-chinese-style-social-credit-system
WSJ News Platform: https://www.wsj.com/articles/news-corp-readies-news-app-to-address-publishers-concerns-about-google-and-facebook-11566497094
Epic/Cerner - EHR angle:
https://www.businessinsider.com/apple-links-with-allscripts-in-electronic-health-record-expansion-2019-8
Available on YouTube here: https://youtu.be/lmjfCvDvRQc
Notes from this episode -
Uber v Lyft Deep Dive:
Contribution margin is a measure of revenue vs. variable costs.
https://s23.q4cdn.com/407969754/files/doc_financials/2019/Q2/Uber-Q2-19-Earnings.pdf
https://investor.uber.com/news-events/news/press-release-details/2019/Uber-Reports-Second-Quarter-2019-Results/default.aspx
Gross bookings growing at 37% on $15.75bn, expected 15.83?
Revenue growing at 26% at $2.87
Beat on earnings - lost $600mm vs. $900m
Loss per share: $4.72, versus $3.12 expected
Revenue: $3.17 billion versus $3.36 billion expected
https://www.cnbc.com/2019/08/08/uber-earnings-q2-2019.html
Lyft earnings:
https://investor.lyft.com/news-releases/news-release-details/lyft-announces-record-second-quarter-results
Lyft reported Contribution of $398.9 million versus $212.5 million in the second quarter of 2018, up 88% year-over-year. Contribution Margin increased to 46.0% from 42.1% versus the second quarter of 2018.
Adjusted net loss was $197.3 million versus an adjusted net loss of $176.5 million in the second quarter of 2018.
Revenue to be between $3.47 billion and $3.5 billion (up from $3.275 billion and $3.3 billion)
Annual growth rate to be between 61% and 62% (up from 52% and 53%)
Lyft market cap 15bn, uber 60bn
Apple TV+ same name?!:
https://www.polygon.com/2019/8/20/20813637/apple-tv-plus-launch-date-pricing-streaming-service
Instagram shopping:
https://edition.cnn.com/2019/08/19/tech/instagram-checkout-feature-hackers/
PUBG Changes:
https://www.polygon.com/2017/11/22/16690874/pubg-tencent-publishing-deal-socialist-values-playerunknowns-battlegrounds
Usually, the last surviving player on the battlefield will receive the victory message: “Winner, Winner, Chicken Dinner.” Now, the last five players will be named the winner of the game. If players make it to the top five, the game will post a message to users informing them that they’ve already won, and will ask whether they would like to continue.
-tencent changes to publish pubG in china
Defense, Freight & Logistics:
Uber Freight continues to add new customers: Uber Freight added new shipping customers across the enterprise, middle market, and small- and medium-sized business segments. Our platform for shippers targets the underserved long tail of small shippers with an automated self-serve tool that helped drive 10X year-over-year revenue on the platform.
PDD Earnings:
https://www.investors.com/news/technology/pinduoduo-earnings-second-quarter-stock/
Founded 2015,
$878mm revenue expected, $1.06bn revenue actual
$103bn gmv
$83bn gmv, q1
25% growth
http://investor.pinduoduo.com/financial-information/quarterly-results
Available on YouTube here: https://youtu.be/xwOn-ILkRok
Notes from this episode -
Apple Spends $6bn on Streaming Content:
https://www.zerohedge.com/news/2019-08-19/streaming-wars-apple-spend-over-6-billion-original-shows
Domino's is Stubborn:
https://www.wsj.com/articles/dominos-goes-it-alone-on-delivery-11566219685?mod=djemlogistics_h
Reddit Top 3 Website:
https://www.digitaltrends.com/computing/reddit-more-popular-than-facebook-in-2018/
Available on YouTube here: https://youtu.be/uzuaW4_FWCg
Notes from this episode -
The Chinese government and Chinese platforms
Baidu earnings beat
GE Whistle Blower
Facebook and Twitter banning Chinese bots
Is Douyu TV Primed to be the Twitch of China?
Available on YouTube here: https://youtu.be/h8e0xJ6YmWo
Notes from this episode -
Walmart is Up!:
• Total revenue was $130.4 billion, an increase of $2.3 billion, or 1.8%. Excluding currency, total revenue was $131.7 billion, an increase of $3.7 billion, or 2.9%.
• Walmart U.S. eCommerce sales growth of 37% includes strong growth in online grocery.
Alibaba Beat!:
• Revenue of 114.92 billion ($16.74 billion), according to the exchange rate in the earnings release. That was an increase of 42% year-over-year and better than the 111.73 billion yuan expected, according to Refinitiv data.
• EPS beat expectations by over 20%
Macy’s down 10+%:
https://finance.yahoo.com/news/macys-posts-48-drop-profit-121501023.html
Nordstrom and Hudson Bay go private?:
https://www.cnbc.com/2019/08/13/we-are-in-the-middle-of-the-great-american-department-store-shakeout.html
WeWork ipo docs:
https://www.vox.com/recode/2019/8/14/20804029/wework-ipo-tech-company-valuation
C2FO 200mm: https://www.dealstreetasia.com/stories/softbank-vision-fund-c2fos-148647/
On this episode we cover:
- Upcoming Chinese eCom Earnings
- Farfetch Acquires Off-White
- Ninja Leaves Twitch
- Cars.com
- Amazon Enters Janitorial
On this episode we cover:
- How Much Would You Pay to Use Platforms?
- Chicken or the Egg: Platforms 101
- Average Age of S&P 500 Companies
- B2B Analysis - Building Materials
- B2B Analysis - Electrical
- Zillow's Offers Program
- Amazon Marketplace Origin Story
- Match Group/Tinder Dating App WTA