Discover and read the best of Twitter Threads about #Napster
Most recents (4)
Today's Twitter threads (a Twitter thread).
Inside: Venture predation; and more!
Archived at: pluralistic.net/2023/05/19/fak…
#Pluralistic
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Inside: Venture predation; and more!
Archived at: pluralistic.net/2023/05/19/fak…
#Pluralistic
1/
Tomorrow I'm at @GburgBookFest with *Red Team Blues*:
gaithersburgbookfestival.org/featured_autho…
Mon (5/22), I'm at @publicknowledge's Emerging Tech in #DC:
eventbrite.com/e/emerging-tec…
On 5/23, it's #Toronto for #WEPFest, w/@hockeyesque @RonDeibert & @DrNancyOlivieri:
westendphoenix.com/shop/wepfest-s…
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gaithersburgbookfestival.org/featured_autho…
Mon (5/22), I'm at @publicknowledge's Emerging Tech in #DC:
eventbrite.com/e/emerging-tec…
On 5/23, it's #Toronto for #WEPFest, w/@hockeyesque @RonDeibert & @DrNancyOlivieri:
westendphoenix.com/shop/wepfest-s…
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Venture predation: A pile of shit this big MUST have a pony underneath it!
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#Dow plastered #Singapore with ads for a sneaker #recycling program, promising to turn shoes into playground tracks. But the shoes it collected in "recycling" bins got dumped illegally in #Indonesia. This isn't strange: it's how nearly *all* plastic recycling *always* worked. 1/
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/02/26/car… 2/
pluralistic.net/2023/02/26/car… 2/
Plastic recycling's origin story starts in 1973, when #Exxon's scientists concluded that plastic recycling would never, ever be cost-effective (#ExxonKnew about this, too). 3/
Today's Twitter threads (a Twitter thread).
Inside: Matt Ruff's "Destroyer of Worlds"; and more!
Archived at: pluralistic.net/2023/02/21/the…
#Pluralistic 1/
Inside: Matt Ruff's "Destroyer of Worlds"; and more!
Archived at: pluralistic.net/2023/02/21/the…
#Pluralistic 1/
Matt Ruff's "Destroyer of Worlds": A return to "Lovecraft Country."
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#20yrsago Bertelsmann sued over #Napster web.archive.org/web/2003040120…
#15yrsago Random House Audio abandons audiobook #DRM craphound.com/DRMLetter22108…
#15yrsago Collective intelligence spontaneously arises among #ARG players — paper from I Love Bees creator avantgame.com/McGonigal_WhyI… 3/
#15yrsago Random House Audio abandons audiobook #DRM craphound.com/DRMLetter22108…
#15yrsago Collective intelligence spontaneously arises among #ARG players — paper from I Love Bees creator avantgame.com/McGonigal_WhyI… 3/
1/ Thread: $SPOT Deep Dive
80 pg. slide deck here 👉🏼 patient-capital.de/s/SPOT.pdf
In this thread I'll walk you through my assumptions for the bear, base and bull case for Spotify.
The deck has seven chapters, starting with "SPOT AT A GLANCE".
80 pg. slide deck here 👉🏼 patient-capital.de/s/SPOT.pdf
In this thread I'll walk you through my assumptions for the bear, base and bull case for Spotify.
The deck has seven chapters, starting with "SPOT AT A GLANCE".
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With 172m paid subs and 381m MAUs $SPOT is the clear leader in music streaming (35% ms). SPOT is 2x the size of its nearest competitor $AAPL in terms of paid subs and has 2x the user engagement.
But so far SPOT never turned a full year profit + the stock dropped sharply TTM.
With 172m paid subs and 381m MAUs $SPOT is the clear leader in music streaming (35% ms). SPOT is 2x the size of its nearest competitor $AAPL in terms of paid subs and has 2x the user engagement.
But so far SPOT never turned a full year profit + the stock dropped sharply TTM.
3/
In music, $SPOT has to pay out ~2/3 of rev to rightsholders, its supplier base is highly concentrated (top 4 labels account for 78% of all streams).
To loosen the labels’ grip on economics, SPOT pushes into podcast adverts with 45-50% gross margin potential vs. 30% in music.
In music, $SPOT has to pay out ~2/3 of rev to rightsholders, its supplier base is highly concentrated (top 4 labels account for 78% of all streams).
To loosen the labels’ grip on economics, SPOT pushes into podcast adverts with 45-50% gross margin potential vs. 30% in music.
