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The Kodak Conundrum
1994 was an eventful year for Kodak. First, in an effort to pacify institutional investors, Kodak spun out its chemical operation to shareholders as a new entity, Eastman Chemical. Soon after, the...
View ArticleNonsense Ratios
But Facebook has done a lousy job to date of monetizing that power, which is what Wall Street cares about. LinkedIn, on the other hand, has nailed it. It may have one of the highest ratios of market...
View ArticleNetflix vs. the Establishment
The goal is to become HBO faster than HBO can become us. – Ted Sarandos, Netflix’s chief content officer, speaking to GQ for a profile of Netflix chief Reed Hastings. This will go down as the year that...
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The Mess We’ve Made
Any discussion of rising higher ed tuition prices is incomplete without an examination of the problem’s underlying causes. Working under the assumption that (1) the quantity of Americans seeking...
View ArticleDig Deeper
The headline says “Business Helps Yellowstone,” but the article body says “Of the $70,600 required [to plow the South gate], the [Teton] county tourism board offered to pay $56,000, while the local...
View ArticleTrue Histories: ESOPs
There are fifty or so billionaires and tens of thousands of millionaires in Silicon Valley. Think about that for a second: tens of thousands of millionaires, almost all them created by companies that...
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How Big of a Deal is Uber?
N.B. This is a repost of an answer first posted to Quora. I. Taxi & Limousine Industry Overview Let’s start by looking at the highlights of Uber’s current industry. According to IBISWorld, the US...
View ArticleUnintended Consequences
In passing the Communications Decency Act of 1996, which, among other things, established immunity for internet service providers for publishing “information provided by another information content...
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Beautiful Illusions: The Economics of uberX
Felix Salmon wrote a post recently on the economics of driving for Uber. Following up on Uber’s recent claims that the “median small business income with uberX” in NYC is more than $90,766, Felix...
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The Economics of uberX (Part II)
N.B. I’ve updated this post to provide additional support for my assumption that (i) uberX passenger behavior mirrors yellow taxi passenger behavior, and (ii) surge pricing alone does not explain the...
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