Weekly Highlights 2: Lockdown 3.0, Zuck and Jack Suspend @realDonaldTrump account, and Ram Parameswaran - Internet Scale Businesses [Podcast]
PM Boris Johnson introduced UK's third lockdown citing the acute infectiousness of the new COVID variant. Brits are again to follow the stay-at-home order i.e. to go out only to shop for essentials, work, exercise, seek medical assistance or escape domestic abuse. The vulnerable are advised to shield and schools will initiate remote learning again. Due to the lockdown, Rishi "now-a-household-name-because-of-COVID" Sunak, pumping roughly £5,000,000,000 to aid businesses in retail, hospitality, and leisure sectors The grants would be worth £9,000 per property in the aforementioned sectors.
To be honest, the spread of this seemingly undefeatable enemy just doesn't make sense. We have an ocean separating our land mass from the rest of Europe (except for Ireland) and the world. The struggle is real!
Recommended Reading: What are the lockdown rules across the UK?
Zuck and Jack Suspend @realDonaldTrump Account
History is made at the other side of the pond. A mob of pro-Trump supporters stormed the Capitol the day of the planned congressional certification of Joe Biden’s Presidential victory. Not since 1814 has the building been breached! I was looking at the indices as it happened and the market didn't care. Is this a sign of a greedy market?
Anyway, In lieu of the historic event, Mark Zuckerberg, $FB CEO, suspended Trump's account "indefinitely."
Mark Zuckerberg Facebook ($FB) Post.
Twitter ($TWTR) followed suit by suspending @realDonaldTrump as well.
Twitter Press Release.
What a week indeed! Are we still in 2020?
Ram Parameswaran - Internet Scale Businesses
In this podcast, Ram discussed Internet Scale Businesses. Companies mentioned were Square, Bytedance, Pinduoduo, Udaan, DoorDash, Facebook, Booking.com, Amazon, Costco, Walmart, Target, Williams-Sonoma, Nike, Lululemun, Rappi, Instacart, Twilio, Shopify, Tiktok, Best Buy, Google, Wayfair, Carvana, Vroom, FedEx, Swiggy, Zomato, Uber, Netflix, Nvidia, Alibaba, MakeMyTrip, FlipKart, Roblox, Disney, Hulu, Etsy, Poshmark, Grubhub, TJ Maxx, Visa, Mastercard, Stripe, Adyen, Ant Financial, Monzo, Salesforce, Zoom, Slack, and Canva.
[00:03:45] – [First question] – The opportunity of the commercial internet
[00:11:18] – Identifying the companies that will take advantage of this shift to online commerce
[00:18:30] – How businesses build scale, in particular, internet vs non-internet businesses
[00:24:19] – The Carvana playbook
[00:30:11] – Using frequency of use as a factor in valuing a business
[00:33:55] – Evaluating ByteDance and what can others learn from them
[00:40:52] – Finding success in an experiment
[00:43:32] – How online commerce business will grow globally, with India in focus
[00:52:37] – How they approach and evaluate online advertising businesses
[00:54:50] – Evaluating direct content subscription online businesses
[00:55:42] – Biggest challenges in building ecommerce online businesses
[00:58:31] – The lens to evaluate online marketplace businesses
[00:59:43] – What distinct things matter for on-demand online businesses
[01:01:56] – The competition in the online payment space business
[01:06:35] – Rake/Take rates outside of the US
[01:08:25] – Things that matter for consumer software
[01:10:25] – How that compares to enterprise software
[01:11:44] – Evaluating developer companies
[01:13:53] – Advice to help people be successful early in their investing career
[01:17:22] – Kindest thing anyone has done for him
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Nick Huber's Twitter thread on business and life in general. The longest thread I've ever come across with on Twitter.
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