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Barry Diller has built one of the most unique businesses in the world.
IAC is an "anti-conglomerate" — a combination of companies meant to split apart. Over the years, that's included $EXPE, $MATCH, $TREE and others.
This is his playbook
1
First, a little history.
Diller started out in the mailroom of William Morris after dropping out of UCLA. He rose through the ranks, serving as the assistant to legendary exec Elton Rule.
One of Diller's innovations was the "ABC Movie of the Week," the made-for-TV movie.
2
Over time, Diller established himself as a force in the traditional entertainment industry.
He served as CEO of Paramount, producing hits like 'Taxi,' 'Grease,' and 'Indiana Jones.'
As CEO of Fox, he greenlit 'The Simpsons.' Mr Burn's appearance was based on Diller.
3
In 1992, Diller decided it was time for a change. He knew the media industry was changing and wanted to be a part of its future.
Diller believed entertainment would be mediated by computer screens. h/t @modestproposal1
4
His great revelation came thanks to future wife, Diane von Fustenberg.
She visited the headquarters of "Quality, Value, Convenience" in PA and watched as soap-opera star Susan Lucci sold $450K of haircare products in an hour.
She told Barry he had to see it for himself.
IAC is an "anti-conglomerate" — a combination of companies meant to split apart. Over the years, that's included $EXPE, $MATCH, $TREE and others.
This is his playbook
1
First, a little history.
Diller started out in the mailroom of William Morris after dropping out of UCLA. He rose through the ranks, serving as the assistant to legendary exec Elton Rule.
One of Diller's innovations was the "ABC Movie of the Week," the made-for-TV movie.
2
Over time, Diller established himself as a force in the traditional entertainment industry.
He served as CEO of Paramount, producing hits like 'Taxi,' 'Grease,' and 'Indiana Jones.'
As CEO of Fox, he greenlit 'The Simpsons.' Mr Burn's appearance was based on Diller.
3
In 1992, Diller decided it was time for a change. He knew the media industry was changing and wanted to be a part of its future.
Diller believed entertainment would be mediated by computer screens. h/t @modestproposal1
Fascinating New Yorker profile of Barry Diller from 1993. It's nominally about Diller's search for his next role after Fox, but really is Diller, Malone, Roberts, and others speculating on evolution of video and telecom. Interesting read 26 years later. https://t.co/XiDPKuY1Jz
— modest proposal (@modestproposal1) January 22, 2019
4
His great revelation came thanks to future wife, Diane von Fustenberg.
She visited the headquarters of "Quality, Value, Convenience" in PA and watched as soap-opera star Susan Lucci sold $450K of haircare products in an hour.
She told Barry he had to see it for himself.
Post Leads #Q1941 +
https://t.co/tYAjFik5eX
https://t.co/eTPLicEgE5
Was 'Nazism' ever truly destroyed?
Was it merely a sub-division within a larger organization?
One finger attached to a hand?
Did ANTIFA organically form?
Flag design coincidence?
Socialist push in US/WW coincidence?
Global power struggle.
There is a price we will not pay.
There is a point beyond which they must not advance.
https://t.co/Vsp5J14P0P
https://t.co/LNSxx5VP0a
We, the PEOPLE.
#Q192
Why are China & Russia communist S/closed?
Can you find an owl / Y there?
Was this to prevent evil from entering?
Was this to protect their children/people?
Why was BO shamed during trip to China, SA, other locations?
How was POTUS hosted?
Compare.
Think.
Fantasy land.
Q
https://t.co/tYAjFik5eX
https://t.co/eTPLicEgE5
Was 'Nazism' ever truly destroyed?
Was it merely a sub-division within a larger organization?
One finger attached to a hand?
Did ANTIFA organically form?
Flag design coincidence?
Socialist push in US/WW coincidence?
Global power struggle.
There is a price we will not pay.
There is a point beyond which they must not advance.
https://t.co/Vsp5J14P0P
https://t.co/LNSxx5VP0a
We, the PEOPLE.
#Q192
Why are China & Russia communist S/closed?
Can you find an owl / Y there?
Was this to prevent evil from entering?
Was this to protect their children/people?
Why was BO shamed during trip to China, SA, other locations?
How was POTUS hosted?
Compare.
Think.
Fantasy land.
Q
So here's the thread on Huawei I promised yesterday. It seems Huawei is using social media black ops tactics to try to convince policy-makers in Belgium that it can be trusted to build 5G networks. 🤨
My attention was piqued this weekend when I saw a promoted tweet by someone called Mike Bai in my timeline. His timeline suggests he normally tweets in English, but this tweet was in poor Dutch. I've seen many promoted tweets from him since.
The tweet calls for an end to the "politics of hide and seek" and for "seleciton criteria to be exposed" (literal English translation of the poor Dutch). The tweet links to an article entitled "Belgium and 5G - a complicated relationship". So far no textual reference to Huawei.
A check on LinkedIn reveals that Mike is "President of Strategy Marketing Western Europe" for Huawei Technologies.
Mike is also, according to his Twitter page, "one of the Top 100 #Global #ThoughLeaders and #Influencers to follow in 2020 by @MagazineAwards". The tweet was pinned to his profile on Sunday but has since been unpinned. Link to tweet: https://t.co/r7fk8yo83H
My attention was piqued this weekend when I saw a promoted tweet by someone called Mike Bai in my timeline. His timeline suggests he normally tweets in English, but this tweet was in poor Dutch. I've seen many promoted tweets from him since.
The tweet calls for an end to the "politics of hide and seek" and for "seleciton criteria to be exposed" (literal English translation of the poor Dutch). The tweet links to an article entitled "Belgium and 5G - a complicated relationship". So far no textual reference to Huawei.
A check on LinkedIn reveals that Mike is "President of Strategy Marketing Western Europe" for Huawei Technologies.
Mike is also, according to his Twitter page, "one of the Top 100 #Global #ThoughLeaders and #Influencers to follow in 2020 by @MagazineAwards". The tweet was pinned to his profile on Sunday but has since been unpinned. Link to tweet: https://t.co/r7fk8yo83H
Really proud and excited to be named one of the Top 100 #Global #ThoughLeaders and #Influencers to follow in 2020 by @MagazineAwards !
— Mike BAI (@Mike_IMC) October 28, 2020
Thanks a lot for the great recognition. \U0001f64f\U0001f64f\U0001f64f#TECH4ALLhttps://t.co/PaQz31hNM3
@BallouxFrancois https://t.co/DF40S9biYF
Unfortunately the observed ORF8 inactivation or the nsp6 SGF deletion are both indicative of T cell depletion, yet the deletion of HV and Y suggest functional B cell immunity—specifically the HV deletion is not observed in the patient nor the ORF8
Deactivation. The nsp6 SGF is located in an ER exposed loop that is conserved even in long passage within immunocompromised patients. The loop likely interacts with nsp3 and help antagonizing cellular autophagy. And human-like B cell immunity does not cause deletion here.
Cellular autophagy help display peptides on MHC class II molecules, and ORF8 removed MHC class I molecules. The loss of both functions suggest the host cytotoxic T cell immunity is not functional yet the S deletions are consistent with B cell immunity in an altered host
Environment. As the long covid-associated immnocompromisation was not found to cause either SGF deletions (or any deletions) in ORF1ab nor does it inactivate ORF8, Cytotoxic T cells are functional enough in these patients to require both functions to remain intact.
It can not be HIV since that https://t.co/yKJIxeSzlf depletes helper T cells instead of cytotoxic T cells https://t.co/h0aN2vnkLk ,ironically creating a patient condition that is B-cell deficient but not T-cell deficient.
Unfortunately the observed ORF8 inactivation or the nsp6 SGF deletion are both indicative of T cell depletion, yet the deletion of HV and Y suggest functional B cell immunity—specifically the HV deletion is not observed in the patient nor the ORF8
Deactivation. The nsp6 SGF is located in an ER exposed loop that is conserved even in long passage within immunocompromised patients. The loop likely interacts with nsp3 and help antagonizing cellular autophagy. And human-like B cell immunity does not cause deletion here.
Cellular autophagy help display peptides on MHC class II molecules, and ORF8 removed MHC class I molecules. The loss of both functions suggest the host cytotoxic T cell immunity is not functional yet the S deletions are consistent with B cell immunity in an altered host
Environment. As the long covid-associated immnocompromisation was not found to cause either SGF deletions (or any deletions) in ORF1ab nor does it inactivate ORF8, Cytotoxic T cells are functional enough in these patients to require both functions to remain intact.
It can not be HIV since that https://t.co/yKJIxeSzlf depletes helper T cells instead of cytotoxic T cells https://t.co/h0aN2vnkLk ,ironically creating a patient condition that is B-cell deficient but not T-cell deficient.
I am surprised to know that many people may still not know about the Sachhar Committee Report.
In 2005, the then PM Manmohan Singh had constituted a High Level Committee headed by former CJ of DHC Rajinder Sachar to study the social, economic and educational condition of Muslims
The key findings of the Committee's reports are.
1. The Committee estimated thag the population of Muslims will stabilise at 18% to 21% by 2101.
2. The literacy rate among
Muslims in 2001 was 59.1%, below the national average (64.8%) with the gap greatest in urban areas.
3. The report also noted that despite only 3% of Muslim children among
the school going age go to madarsas. Instead, many Muslim children are enrolled in Maktabs, which provide supplementary religious education in addition to
enrolment in public schools.
4. 7% of the population aged 20 years and above are graduates or
hold diplomas, while only 4% among the Muslim population does. The
gap between Muslims and other Socio Religious Categories (SRCs) increases as the level of education
increases.
5. unemployment rates among Muslim graduates is the highest among SRCs both among the
poor and the non-poor.
6. Worker population
ratios for Muslims are significantly lower than for all other SRCs in rural areas, but only marginally lower in
urban areas.
In 2005, the then PM Manmohan Singh had constituted a High Level Committee headed by former CJ of DHC Rajinder Sachar to study the social, economic and educational condition of Muslims
Please elaborate, what those arguments were.
— Muhammad Riyaz Qureshi (@MuhammadRiyazQ1) December 22, 2020
Majority of us don't know
The key findings of the Committee's reports are.
1. The Committee estimated thag the population of Muslims will stabilise at 18% to 21% by 2101.
2. The literacy rate among
Muslims in 2001 was 59.1%, below the national average (64.8%) with the gap greatest in urban areas.
3. The report also noted that despite only 3% of Muslim children among
the school going age go to madarsas. Instead, many Muslim children are enrolled in Maktabs, which provide supplementary religious education in addition to
enrolment in public schools.
4. 7% of the population aged 20 years and above are graduates or
hold diplomas, while only 4% among the Muslim population does. The
gap between Muslims and other Socio Religious Categories (SRCs) increases as the level of education
increases.
5. unemployment rates among Muslim graduates is the highest among SRCs both among the
poor and the non-poor.
6. Worker population
ratios for Muslims are significantly lower than for all other SRCs in rural areas, but only marginally lower in
urban areas.
EVs DO NOT EMIT MORE PM
Recently @OECD published a report about particulate matter (PM) from road transport. Newspaper headlines blared that electric vehicles where worse than combustion vehicles. That conclusion was wrong according to the report itself.
Let me show you.
The report (published december 7) can be found here: https://t.co/1HpicKexOt
It's main point is well taken: as cars get cleaner, fine particles emitted by brakes, tires and road surfaces will become more important.
The table comparing electric and combustion engines is on page 92. I took averages of low and high values to get the graph in the first tweet.
I merely took the averages. To get this.
I think it is a terrific report that pulls together a LOT of literature on fine particles that cars spew into the air and that make us sick.
We have ignored this problem for too long, and there's more here than simply exhaust!
Recently @OECD published a report about particulate matter (PM) from road transport. Newspaper headlines blared that electric vehicles where worse than combustion vehicles. That conclusion was wrong according to the report itself.
Let me show you.
The report (published december 7) can be found here: https://t.co/1HpicKexOt
It's main point is well taken: as cars get cleaner, fine particles emitted by brakes, tires and road surfaces will become more important.
The table comparing electric and combustion engines is on page 92. I took averages of low and high values to get the graph in the first tweet.
I merely took the averages. To get this.
I think it is a terrific report that pulls together a LOT of literature on fine particles that cars spew into the air and that make us sick.
We have ignored this problem for too long, and there's more here than simply exhaust!
1/ After a good night's sleep, I have a few thoughts on the impending Ripple lawsuit.
Less schadenfreude, more "what now?" https://t.co/a0oTwblBHB
2/ First of all, the USG is going to lose.
I don't even need to read the complaint. They might force a settlement, but they're outclassed on legal.
Remember Ripple engaged former SEC Chair Mary Jo White in a civil matter in 2018. A hint of their
3/ Second, the USG should lose.
The SEC restrictions on non-accredited investors; the ridiculous Howey test; 80 year old securities law like the "40 Act" all need to die in fire. They are un-American and completely outdated.
I hope Ripple wins. (WUT?)
4/ Third, it's incumbent upon industry to self-police and hold the moral high ground.
I give certain individuals A's and others F's, but as a whole, the most powerful people and companies generally take a Swiss neutrality stance on assets.
So we're effectively in this together.
5/ We're "in this together" to draw lines of regulatory demarcation.
XRP as a "security" further hurts the U.S. businesses while global comps will continue to make these markets.
XRP as a security also means other assets will meet the same fate. At least Ripple has $ to fight.
Less schadenfreude, more "what now?" https://t.co/a0oTwblBHB
BREAKING: The @SEC_News intends to sue @ripple over its sale of XRP, alleging the cryptocurrency is an unregistered security according to @bgarlinghouse.@nikhileshde reportshttps://t.co/7Z3KSWk7dn
— CoinDesk (@CoinDesk) December 22, 2020
2/ First of all, the USG is going to lose.
I don't even need to read the complaint. They might force a settlement, but they're outclassed on legal.
Remember Ripple engaged former SEC Chair Mary Jo White in a civil matter in 2018. A hint of their
3/ Second, the USG should lose.
The SEC restrictions on non-accredited investors; the ridiculous Howey test; 80 year old securities law like the "40 Act" all need to die in fire. They are un-American and completely outdated.
I hope Ripple wins. (WUT?)
4/ Third, it's incumbent upon industry to self-police and hold the moral high ground.
I give certain individuals A's and others F's, but as a whole, the most powerful people and companies generally take a Swiss neutrality stance on assets.
So we're effectively in this together.
5/ We're "in this together" to draw lines of regulatory demarcation.
XRP as a "security" further hurts the U.S. businesses while global comps will continue to make these markets.
XRP as a security also means other assets will meet the same fate. At least Ripple has $ to fight.
The common understanding of propaganda is that it is intended to brainwash the masses. Supposedly, people get exposed to the same message repeatedly and over time come to believe in whatever nonsense authoritarians want them to believe /1
And yet authoritarians often broadcast silly, unpersuasive propaganda.
Political scientist Haifeng Huang writes that the purpose of propaganda is not to brainwash people, but to instill fear in them /2
When people are bombarded with propaganda everywhere they look, they are reminded of the strength of the regime.
The vast amount of resources authoritarians spend to display their message in every corner of the public square is a costly demonstration of their power /3
In fact, the overt silliness of authoritarian propaganda is part of the point. Propaganda is designed to be silly so that people can instantly recognize it when they see it
Propaganda is intended to instill fear in people, not brainwash them.
The message is: You might not believe in pro-regime values or attitudes. But we will make sure you are too frightened to do anything about it.
And yet authoritarians often broadcast silly, unpersuasive propaganda.
Political scientist Haifeng Huang writes that the purpose of propaganda is not to brainwash people, but to instill fear in them /2
"propaganda is often not used for indoctrination, but rather to signal the government\u2019s strength in being able to afford significant resources and impose on its citizens...not meant to 'brainwash', but rather to forewarn the society about how strong it is" https://t.co/mFAurhEHeO pic.twitter.com/WXKKJaPqWQ
— Rob Henderson (@robkhenderson) June 18, 2020
When people are bombarded with propaganda everywhere they look, they are reminded of the strength of the regime.
The vast amount of resources authoritarians spend to display their message in every corner of the public square is a costly demonstration of their power /3
In fact, the overt silliness of authoritarian propaganda is part of the point. Propaganda is designed to be silly so that people can instantly recognize it when they see it
Authoritarians do not use propaganda for brainwashing, "but to demonstrate their strength in social control...propaganda may need to be dull and unpersuasive, to make sure citizens know it is propaganda when they see it and hence get the implicit message" https://t.co/PqRpxjaIPL pic.twitter.com/1y67d2RCjB
— Rob Henderson (@robkhenderson) June 19, 2020
Propaganda is intended to instill fear in people, not brainwash them.
The message is: You might not believe in pro-regime values or attitudes. But we will make sure you are too frightened to do anything about it.
