Weekly reading – 8th May 2021

What I wrote last week

Amazon continues to impress with another blow-out quarter

Uber & Gopuff. Amazon Prime Video streams NFL games in 2022

Uber’s Delivery is on fire despite $600 million expense set aside for the driver dispute in the UK

Business

How Apple does M&A: Small and quiet, with no bankers. Information is extremely valuable in business. Apple’s known culture of secrecy is meant to keep competitors from knowing what it has in the pipeline. We don’t often see Apple make huge purchases. Instead of buying companies to grow the top line, they focus on the people, especially technical engineers. That’s a smart move.

A great Business Breakdown episode on Twilio. If you don’t know about the business, have a listen.

What Is a Business Model? 54 Successful Types of Business Models You Need to Know. This type of content renders expensive MBAs obsolete.

Clubhouse’s downloads plummeted in April. I have been on Clubhouse for 2 months, and yet I haven’t made it to the end of one single chat. Plus, it’s not appealing to the end users that there is no recording. Not everyone has enough time in a day to wait for talks to come and listen to everything. Not so surprising to see the app’s popularity take a huge blow. I just wonder what a16z saw in it.

Amazon Expanding Garage Grocery Delivery to more than 5,000 cities

A great podcast episode on Visa. This company probably has one of the strongest moats out there. Its market cap is higher than those of big banks.

How Shopify’s network of sellers can take on Amazon

What Is an Entertainment Company in 2021 and Why Does the Answer Matter?

What I found interesting

Green gold: Avocado farming on the rise in Africa

Playlists and podcasts? Netflix is exploring developing ‘N-Plus’

Stats that may interest you

60% of Instagram users eligible to link up with their Messenger account did use the feature

20% of electric vehicle owners in California switched back to gas because charging is a hassle. This is indeed not great news for EV as well as hydrogen cells. But I believe that the great potential of green energy cars is here to stay and we’ll overcome this challenge somehow.

Facebook Workplace reaches 7 million paid subscribers. I do wonder how far Facebook’s push into the corporate world will go. I don’t see how they can overcome the disconnect between their own brand and the seriousness that the 9-5 world carries

95% of iOS 14.5 users disabled App Tracking. There are two sides of this debate. Proponents of privacy applaud this move by Apple because it aids consumer privacy and stops cross-app tracking. Critics say that Apple’s motive isn’t altruistic. Instead, they argue that Apple wants to harm the advertising industry, to inadvertently strengthen the position of Google & Facebook and to boost Apple’s own advertising business. Well, when two parties have conflicting interests (advertisers and consumers), Apple must choose one to side with and in this case, whatever their motive is, they side with consumers.

Social commerce made up 40% of Southeast Asia’s $109 billion e-Commerce in 2020

Weekly reading – 1st May 2021

What I wrote last week

Olo, a SaaS company specializing in services for restaurants

The year the Earth changed

Business

Match’s Winning Formula for Online Dating in Japan Gives Women Control, Makes Men Pay. It’s amazing that an app available only in Taiwan, Korea and Japan is the 3rd highest ranked dating app. The ability to infuse a local culture and etiquette into an online dating app is a strength not to be discounted. Also, tucked in this article is IAC’s expertise in identifying hidden gems and turning them into diamonds

Florida is the latest state to create e-commerce tax. This development will be a boon to tax applications. The complexity of handling state taxes will spur SMBs or corporations to adopt these applications

Amazon lets advertisers send targeted messages for first time

Hey Google, Who Has the Best Capital Allocation in the Internet Sector? Google/Alphabet definitely has a shot at being the best capital allocator with their acquisition of YouTube, DoubleClick and Admob. There are various smaller acquisitions that we probably don’t know about

iOS 14.5: A Guide to Apple’s New App-Tracking Controls. I already opted out of all the apps

Music Streaming Royalties 101

What I find interesting

Newark cops, with reform, didn’t fire a single shot in 2020. It’s baffling to me that we put a lot of regulations in place for doctors, nurses or bankers, but we somehow find it impossible to keep the police in check and accountable. What happens in Newark is proof that we can reduce police brutality AND crimes. It’s socially and economically great for our society. It happens in a big city in New York. So what’s the excuse again for not trying?

Why the U.S. Still Can’t Donate COVID-19 Vaccines to Countries in Need. I understand that these drugmakers want to protect themselves from liabilities. But seeing Indians die by the thousands while the US has a lot of unused AstraZeneca doses just doesn’t make any sense. Contract or not, I am confident all parties can come to agreeable conclusions on how to save a nation. In fact, nations for that matter.

Exclusive Photos Inside the Chernobyl Nuclear Power Plant. If you haven’t watched the mini series Chernobyl on HBO, I really recommend it.

A working study by University of Chicago suggested that length domestic travel bans might lead to higher Covid infections

Stats that may interest you

Apple has 27 registered developers and rejects around 40% of the submitted apps

In FY 2019, developers earned almost $11 billion in total revenue from the App Store

Weekly reading – 24th April 2021

What I wrote last week

On Apple’s new product: AirTag

Apple TV+, Netflix and the battle between Walmart and Amazon

Business

Google used ‘double-Irish’ to shift $75.4bn in profits out of Ireland. It’s good to know that 2020 was the last year that the “double Irish” loophole could still be exploited. I am curious to see the impact that the phase-out has on US corporations.

WSJ’s short profile of Korea’s “King of Ramen”

AirTag location trackers are smart, capable and very Apple

The Future of Apple Podcasts

Etsy SEO: How to Optimize Your Shop & Listings for Search

How Netflix and social media helped F1 buck a global sports sponsorship slump. F1 is an extraordinary sport and deserves to be the pinnacle of motorsports around the world. If you look below this entry, you’ll see a graphic showing how F1 cars can go into corners at a speed that we travel on a highway. On the straights, F1 cars can hit 360kmh. The technology that goes into building these cars and the skills that go into driving them are the best in the world. Yet, I still feel that F1 isn’t as popular as it should be. “Drive to Survive” and the resilience shown during 2020 really helped the sport become better known

What I find interesting

Typography at U7 station in Berlin

You can pay at Whole Foods Market with your palm now. While it is incredibly cool and convenient, I don’t think I will jump at the chance to use it soon. Amazon isn’t really known for their privacy practices. I am not too willing to give away my biometrics to them yet.

F1 cars can slow down by 144kmh in 1 or 2 seconds and carry over 150kmh into corners. Just think about that for a second. These cars drive into cars at the speed that is often the top you can reach on the highway

Source: F1

Stats that may interest you

Morning Brew has 3 million subscribers. It’s amazing what you can do with great writing skills and consistency

iPhone 12 models accounted for 61% of US iPhone sales in fiscal Q2 2021

Weekly reading – 17th April 2021

What I wrote last week

Hydrogen fuel cells vs Batteries

Uber may deliver marijuana in the future. Update on Credit Karma and Square

Business

Business Insider has a story on Larry Page, especially when he was determined to fire all Project Managers. Even a genius like him made a mistake, it seems. Don’t be too hard on yourself.

Why Delaware is the sexiest place in America to incorporate a company

Vimeo CEO talks about how the company reinvented itself from a video platform, another Youtube competitor to a B2B SaaS company. To be honest, as a consumer, I didn’t know that Vimeo transformed itself into a B2B SaaS player.

TikTok says that it has 100 million monthly active users in the US and is planning to bring new eCommerce-focused ads products

How the pandemic helped Walmart battle Amazon Marketplace for sellers. It’s exciting to see these two behemoths go at it in the near future. While Walmart has the luxury of stores scattered across the country, Amazon is a bigger and more experienced marketplace player.

Why It’s Misleading to Say ‘Apple Music Pays Twice as Much Per Stream as Spotify’. The best article on this particular subject that I have seen this week.

Amazon Plans Furniture Assembly Service to Catch Wayfair. I look forward to reading more about this initiative. While it sounds great as first, the reality may offer some questions that Amazon has to answer. For instance, Amazon is known for pushing its drivers to complete deliveries as quickly as possible. Asking drivers to take time to assemble products goes against that mantra. Hence, how much would Amazon be willing to slow down deliveries? How much would the premium fee offset the cost of such slowed deliveries?

What I found interesting

French lawmakers approve a ban on short domestic flights. If there is a great network of trains; which I believe there is in France, this is a totally sensible decision.

Cloudflare Pages is now Generally Available

How to Create an Interactive AR Business Card Without Code

The vanishing billionaire: how Jack Ma fell foul of Xi Jinping. Jack Ma is one of the richest people on Earth and among the most influential business people. Yet, he has fallen from grace after what he said angered Xi Jinping. Another billionaire tried to lower his net worth to avoid trouble with the Chinese government. I am from that part of the world. I can tell you that no matter how rich a person or how big a Western corporation is, you don’t take your disagreement with the ruling party public. That’s one mistake you usually don’t come back from

Stats that you may find interesting

According to a new survey by National Restaurant Association, only 18% of delivery customers preferred to order from a 3rd-party app

Amazon Prime has 200 million members. 28% of purchases on Amazon were made in 3 minutes or less while 50% were made in 15 minutes or less.

Almost 20% of retailers’ sales in 2020 came from private labels

Weekly reading – 10th April 2021

What I wrote last week

Get back to what you love

My experience so far with Amazon Shopper Panel

Business

An interview with an Apple veteran who shed some light on the culture of secrecy

Supreme Court Sides With Google In Decade-Long Fight Over API Copyright; Google’s Copying Of Java API Is Fair Use. If you have time, look for the opinion written by Justice Breyer on API. It’s good!

Amazon Global Supply Chain and Fulfillment Center Network. Just look at the number of fulfillment centers and warehouses Amazon has!

How We Bootstrapped a $1M ARR Email Client

Shopify: The E-commerce On-Ram‪p‬. I may have found another favorite podcast. The first episode on Shopify doesn’t disappoint!

9.5 million customers traded cryptocurrencies on Robinhood in Q1 2021, compared to 1.7 million in Q4 2020

What I found interesting

A landmark study showed promising results that could help us produce a vaccine for HIV. A remarkable time to be alive. You gotta admire the work that scientists around the world put in.

Barrier Reef doomed as up to 99% of coral at risk, report finds. “The Great Barrier Reef is all but doomed, with between 70 and 99 per cent of corals set for destruction unless immediate “transformative action” is taken to reverse global warming, according to a new report. The Australian Academy of Science says the more ambitious target of the Paris Climate Agreement of keeping global warming to 1.5 degrees has now slipped out of reach and is “virtually impossible”.

What the U.S. Can Learn From China’s Infatuation With Infrastructure.

Apple has been granted a patent for Systems relating to a National ID Verification System

NYTimes’ profile of Katalin Kariko, the scientist whose work on mRNA helped save the world from Covid-19

Interesting stats

Lithium battery costs have fallen by 98% in three decades. If I have a kid, he or she will likely have electric vehicles as cheap as ones with a combustible engine.

7% of America’s population or more than 2.3 million Americans don’t use the Internet

Amazon reached 10% of the US advertising market

Plant-based food market grew to $7 billion in 2020, up 27% year over year

80% of Europe’s in-store transactions are now contactless, according to Mastercard

E-commerce Evolution in the US by Mastercard
Source: Mastercard

Weekly reading – 3rd April 2021

What I wrote last week

Handling a lot of data isn’t easy

Business

A drive to survive: How Liberty Media used Netflix and esports to win a new generation of fans and safeguard the future of Formula 1

Apple Watch can function as a reliable indicator of cardiovascular activities

The a16z Marketplace 100: 2021

Credit Suisse’s research on Stripe

Credit Suisse’s research on Payments, Processors and Fintechs

How Vietnam can reimagine tourism

What I found interesting

The Ancient Method That Keeps Afghanistan’s Grapes Fresh All Winter

Who owns the Nile? Another geopolitical conflict that will take years to resolve, if we can even do so.

Stats you may find interesting

A survey by Brickmeetsclick shows that online grocery hit $8 billion in February 2021, down from $9.3 billion in January 2021

Meat sales in the US increased by 20% in 2020, compared to 2019

88% of Berkshire Hathaway Energy’s investment in Property, Plant & Equipment in 2020 was in renewables

Berkshire Hathaway Energy's PP&E in 2020

Berkshire Hathaway Energy’s renewables output made up 34% of its total production in 2020, compared to 12% in 2006

Berkshire Hathaway Energy's Renewables Output

Weekly reading – 27th March 2021

What I wrote last week

Great reminders for clustered and busy minds

Business

Amazon Keeps Getting Sued for Paying Drivers Less Than Minimum Wage. It baffles me to see that minimum wages can be such a polarizing issue or that it doesn’t garner more public support. In my mind, the US retail market is too big for any company like Amazon to abandon. Hence, if all the states and the federal government enacted a minimum wage law, what would Amazon do? Leaving the US retail market? Moving their operations to California or Mexico while paying import taxes and incurring more transportation expenses?

An interesting read on the e-signature market. All the companies that sell software to companies should really beware Microsoft. If Microsoft decides to invest in its own e-signature product and embed it for free in Microsoft 365, it will be a huge threat to the likes of Docusign.

Case study: How Akamai weathered a surge in capacity growth

How Nike is using DTC and data to expand its empire. For a legendary brand that has always been technologically competent like Nike, the pandemic is perhaps a blessing in disguise as it spurred consumers towards shopping online and exploring what the company has to offer.

Even God Couldn’t Beat Dollar-Cost Averaging. An interesting look at Dollar Cost Averaging vs Buy The Dips.

What I found interesting

Google and the Age of Privacy Theater. It seems that the new privacy approach that Google announced a short while ago may just be for show and won’t improve user privacy much.

Facebook’s ‘Red Team X’ Hunts Bugs Beyond the Social Network’s Walls

Hospitals Hide Pricing Data From Search Results. I really really hope that the Biden administration will look into this issue and impose a hefty fine on hospitals that actually did this.

A Brief History of Semiconductors: How The US Cut Costs and Lost the Leading Edge

Perseverance and redemption can be a wonderful combination, you know? Pierre Gasly is a young French F1 driver. Admittedly, I wasn’t a fan of his, but he grew on me. He got promoted to a top team in his 2nd or 3rd season in F1, only to get demoted half way to the season to an inferior team. He was brutally criticized and doubted in the media. And his best friend died in a tragic incident shortly before his demotion news. Yet, Pierre persevered and has shone brightly after his demotion. He had his maiden F1 win last year in Italy. Sweet sweet redemption. Here is what he wrote on the Players’ Tribune.

Stats that you may find interesting

42% of surveyed Americans reported an average weight gain of almost 30 lbs, according to the American Psychological Association

45% Bridge Millennials would switch grocers for access to contactless in-store payment

DOE aims to cut solar costs to 2 cents per kWh

Renewable energy met 97% of Scotland’s demand in 2020

Weekly reading – 20th march 2021

What I wrote last week

The economics of a credit card

Business

Hy-vee CEO shared how Covid shaped the company’s operations moving forward

Why Amazon Fresh stores will likely rock a few boats. As its competitors do more shipping from their own stores, Amazon can get on level terms in that sense with having more stores of their own in strategic locations. Plus, if they can get these cashierless stores to run properly, they will be able to cut back a significant line item on the Income Statement, paid employees!

How Trader Joe’s $2 wine became a best-seller

Telegram App Is Booming but Needs Advertisers—and $700 Million Soon 

The new Google Pay repeats all the same mistakes of Google Allo

Apple brand loyalty hits all-time high as Samsung loyalty dives

Austin Rief: How Morning Brew went from college newsletter to $75 million in 5 years

She Came to the US to Study With Only $300 in Her Pocket — Now She’s a NASA Director For the Mars Rover

What I found interesting

Does Atlantic Canada have a blueprint for rural revival in the post-pandemic era?

Facebook’s GDPR bypass reaches Austrian Supreme Court

Stats you may find interesting

BNPL grew by 215% year over year in Jan and Feb 2021. Total eCommerce spending reached $121 billion so far

As of February 2021, 45% of Square sellers accept online payments, up from 30% a year ago

56% of the people surveyed by AirBnb preferred domestic travel post-pandemic

Weekly reading – 13th March 2021

What I wrote last week

My thoughts on Square’s acquisition of Credit Karma’s tax unit

My review of the book Think Again: The Power Of Knowing What You Don’t Know

Business

An interview with Elliot Turner on Twitter. Lots of good stuff in here.

Octahedron Capital publishes a super interesting presentation every quarter, compiling quotes from executives

A very interesting piece on how Jeff Bezos approached design. I love the anecdote on how Amazon’s logo came into beings.

How Salesforce became Silicon Valley’s best late-stage tech investor. Salesforce is a prime example that you should care more about Operating Income than Net Income if you want to evaluate a company’s operations

A great post on the importance of reinvesting in a business. As the saying goes, it’s one thing to get to the top of the mountain, it’s another to stay there.

A great conversation between The Verge and Twitter’s Head of Consumer Product. The company announced some very interesting product developments in the pipeline. As a fan of the platform, I can’t wait to see what unfolds next

Postmates added $70 million in revenue and saved $3 million in network fees with Stripe

Neil Cybart published a new article on the importance of Apple’s retail stores

A very telling piece on how Facebook’s internal effort to curb misinformation using AI was punted by Zuckerberg’s desire for growth

What I found interesting

Apple Gave Us an Exclusive Look Inside Its Next-Generation Fitness+ Studio

Tesla told California DMV that its future autonomous vehicles wouldn’t be fully autonomous. What else is new?

WSJ’s profile on Manchester United star forward, Marcus Rashford. If you are not familiar with football (yeah, the real football where the ball touches feet more than hands), Manchester United is one of the richest and biggest clubs in the world. It has a reputation of playing home-grown talent and actually has been fielding at least one academy player every game for the last few decades. Marcus Rashford is the latest biggest home-grown star that came out of the famed academy. Inspired by his difficult childhood, Rashford took on the British government last year, in a campaign aimed at providing school meals to children during Covid-19. The government listened and hundreds of kids were fed because Marcus Rashford had the will to do what his reputation enabled him to.

Corporate logos are changing with the time

A look into the cyber-surveillance world of Israel

Stats that you may find interesting

Costco edged by Amazon and Apple to lead all brands in customer satisfaction

India leads the world in IPv6 adoption rate at 63%

Disney+ has more than 100 million subscribers. Though the count is impressive, comparing it with Netflix’s subscriber base, either now or when it first started, may require a lot of unpacking. The consumer attitude towards streaming is different now than it was when Netflix began to stream its content online. The mix of subscriber base is also different. Disney+ has 30% of its subscribers. Nothing inherent bad about it, but to have an apple-to-apple comparison, one must figure out whether Netflix has the same composition. Plus, the streaming competition 10 years ago for Netflix might be much less fierce than the current landscape.

If you need more evidence as to how different a GOP government and a Democratic government are, here it is. One proposed a law that benefits low-income folks (Democrats) while the other passed a law that put more money in the pocket of the richest.

Source: TPC

Weekly reading – 6th March 2021

What I wrote last week

My take-aways from Berkshire Hathaway’s latest shareholder letter

A quick look at Buy Now Pay Later

Business

Demand for semi conductors exceeded supply by 30%

A look into Google’s failure to build games

A higher saving rate in American households is expected to boos the economy in the future

Macy’s, Gap, Neiman Marcus Will Let You Buy Now, Pay Later. The piece has some good information on the “Buy Now Pay Later” trend

WSJ profile of Roblox

A very nice post on Reddit’s history and its potential that has never been realized

The New Era of Social Media Isn’t About Feeds

A very interesting piece on payments in Vietnam. From my observation, it’s true that a lot of Vietnamese skip credit cards and go straight ahead to e-wallet.

Google is going to stop selling ads based on individualized tracking. As users are more conscious of their privacy and the topic becomes more scrutinized, I do think it’s in Google’s best interest to start looking at a new way to deliver effective ads. The macro environment is changing. The conditions are less favorable to their way of doing business. Why sticking to the old way? Google has enough talent and resources to pivot and innovate. If I were a Google shareholder, I would be happy about the news

Rolling Stones interview with Twitter and Square CEO Jack Dorsey

What I found interesting

Taking on the tech giants: the lawyer fighting the power of algorithmic systems

Africa’s biggest air polluter is now battling sewage flows into a major water source

SoundCloud announced changes to how they compensate artists. The move is said to help less popular creators, but how much exactly the help would be remains to be seen.

Using Apple Silicon (M1) as a cloud engineer, two months in

How to operate an airport in Antartica

Stats that you may find interesting

21% of Vietnam’s eCommerce spend was from Digital/Mobile Wallet

Instacart claims that they are serving 85% of US households

Kohl’s partnership with Amazon added 2 million customers in 2020

If the world adopted a plant-based diet we would reduce global agricultural land use from 4 to 1 billion hectares