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Saved by @CodyyyGardner

Wiley buys Hindawi -- a $298 million acquisition for GBP 25 million in annual APC revenues -- in bid to expand open-access platforms @pbasken

 I'm really fascinated by several things about this acquisition. 1. One could posit that APC business models in structural decline as they are replaced by transformative agreements. Will Hindawi titles be folded into Wiley TA's or offered as a separate "pure publish" model?
2. Seems that there is little concern about geopolitical risk: "Wiley…saw value in Hindawi’s strong position in Asia, the world’s largest and fastest growing academic publishing market…“Hindawi’s significant footprint in in China is a major benefit from that perspective”"
3. It seems some in the academic community continue to be "alarmed" when, after taking advantage of private capital to fund commercial start-ups for open access services (bepress; SSRN; now Hindawi), that capital looks to sell in search of returns. As if this is a surprise!
4. Most interesting will be to see how this expansion of Wiley's OA portfolio and platforms/workflows/services can connect with its important businesses in support of society publishing.
5. "Wiley anticipates achieving significant revenue synergies from the expansion of its open access journal portfolio and its beneficial impact on article cascade, added publishing capacity, and upsell opportunities for publishing and platform services." https://t.co/rKnTb0TqCG
6. "If Zoom calls with MDPI and PLOS aren’t being scheduled now by Elsevier, Springer Nature, or Taylor & Francis, I’d be surprised." Maybe not literally PLOS as an NFP but definitely consolidation will continue apace. https://t.co/ocpqfOiSuS
7. Very important to recognize, as does @lorcanD, that both Wiley and Hindawi are not just publishers but also platform developers and providers: https://t.co/TWJhfkYZxZ
8. Plan S collateral damage? @RouhiRoo is right to ask where the ecosystem is heading for "independents" https://t.co/gf9fJb1jmW

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Get a cup of coffee.

In this thread, we'll cover *State Quantities* and *Flow Quantities*.

This mental model can help us analyze many different entities -- from complex engineering systems to publicly traded companies.


2/

A "State Quantity" is something that's associated with a *specific point in time*.

For example, the number of followers a Twitter account has is a state quantity. This number can go up and down over time. But at any one *specific* time point, it's fixed.

3/

Similarly, the amount of cash a company has is a state quantity.

This cash balance can also rise and fall over time.

But pick any one *specific* time point -- and the company can only have one *specific* cash balance at that time point.

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By contrast, a "Flow Quantity" is something that's associated with a time *interval* rather than a time *point*.

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A simple analogy is that a State Quantity is like a photo -- a snapshot at a particular *point* in time.

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What is the catch here? How do Companies involved make money here?

A Thread🧵👇

Please "RT" if you like the thread.


1/ You are looking for a mobile phone worth Rs.10,000 on Amazon and as you move ahead to place the order, you are offered an option to pay that amount spread across 6 months. 6 EMIs of Rs.1667. No interest charges or processing fees.

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For the very affordable price of only $10 a month, listeners can gain access to the Copper Tier of https://t.co/fxUfH8maI4, which includes all current & future podcasts.


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