CodyyyGardner Categories Finance
As many others I'm still working through the detail of the agreement & all the annexes. But some initial thoughts based on my first read & associated documents. My overriding feeling is that it is pretty much exactly as expected in many parts & largely a balanced deal. 1/
— Raoul Ruparel (@RaoulRuparel) December 27, 2020
First, we shouldn't look at this through the lens of UK having trade deficit with EU in goods & surplus in services. That is too simplistic. EU accounts for a large proportion of UK's goods trade so zero tariff zero quota is beneficial for UK as well for the EU. 2/
Similarly, having a very thin deal on services & financial services is also bad for EU. Belief in some quarters than business will simply move from UK to EU in these areas. But its not that simple. Will be costs & duplication while some business just won't make sense any more 3/
We also shouldn't forget that while services is the largest part of our economy, it is inherently much more domestically focused. Furthermore, the single market in services is less integrated than that in goods so there are already some non tariff barriers to contend with 4/
It is also important to remember how we got here. Services was ultimately deprioritised under the previous Govt Chequers approach. This was because the Govt was seeking frictionless trade in goods. 5/
It's one of those small UK if-it-were-listed-in-the-US companies. Bidstack #BIDS and it puts advertising into major online games
It's rocketing - and there are some grounds to think that in quite short order it may be about to turn into a firework
Not Boku and not for widows & orphans but looking around here, it has the kind of following where rival factions of the warmer kind of bulletin board gang members gun each other down on twitter with rocket emojis but if the Swedes or Americans discover it, can it stay a \xa322M cap? https://t.co/Fa2r6JgTTq
— HRouge (@hareng_rouge) December 17, 2020
"May" and also:
- history of over promising and disappointing
- very much a AIM small cap
- burns cash
- will place and dilute
- has share price on homepage
- Glassdoor is not great
- emoji issues when discussed
*But* it may now be delivering for real. If so it may also be extremely cheap. How cheap?
20H1 was 2x sequentially and 10x YoY
It may be about to report H1-H2 sequential growth of 5x.
If so, FY20: 10x YoY.
Fwd 21 rev multiple? Perhaps half that number, perhaps even less.
I need to explain in some detail what they do because it's necessary to understand it to gauge not only the opportunity but also the risk - and also to be able to translate aspects of what the company put out in their releases. The juicy stuff comes after.
As simply as I can: Bidstack provide a SDK (software developer kit) to games companies: so far Sega and Codemasters
The SDK allows companies to create areas in their games where adverts can be placed by Bidstack.
The ads appear within the fabric of the game, natively
Inside: Competition is Killing Us; Predatory lender seeks national bank charter; Militarizing cops was a failure; and more!
Archived at: https://t.co/mFat1Fsadn
#Pluralistic
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Competition is Killing Us: Consumer harm considered harmful.
https://t.co/oJTENrDhFD
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2020 was a shitty year for most things, but it was a banner year for books about fighting monopolies, and for the fight itself.
— Cory Doctorow #BLM (@doctorow) January 8, 2021
It started (in Dec '19) with @matthewstoller's GOLIATH, a massive, comprehensive history of monopolies in America.https://t.co/qzY5dPnKRg
1/ pic.twitter.com/QrIiO9xpkC
Predatory lender seeks national bank charter: Oportun led America in suing latinx borrowers during the pandemic.
https://t.co/FPK6NTwFjj
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"Partner with us today to build a better tomorrow" - that's the slogan for @oportun, a predatory lender that sued more poor latinx people during the pandemic than any other.https://t.co/ULX8hBCO5a
— Cory Doctorow #BLM (@doctorow) January 8, 2021
1/ pic.twitter.com/iuAerlngZC
Militarizing cops was a failure: Water still wet.
https://t.co/OACizKzNru
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In 1997, the Clinton administration created the "1033" program, whereby the Pentagon gave away its "surplus" equipment to local law enforcement agencies, leading to the nationwide militarization of America's cops.
— Cory Doctorow #BLM (@doctorow) January 8, 2021
1/ pic.twitter.com/nfmqyqmGDx
#15yrsago Hollywood’s Canadian MP claims she’s no dirtier than the rest https://t.co/iOEH3n3sON
#15yrsago John McDaid’s brilliant sf story Keyboard Practice free online https://t.co/ciVbtorYiV
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Indigenous beadwork prices are high bc it's reparations
— mango \u2606 (@pamiuqtuq) January 4, 2021
Every time I see a bead artist break down their pricing, they always give themselves "minimum wage", which as we know is less than half of an actual living wage. We deserve a living wage for our art, but I know none of us actually gets that
Beadwork is my full time job, I've charged up to 200$ for a single piece because I need to make rent and pay bills and some of these large pieces take me days or even a week to complete.
I give myself minimum wage for my labour, I don't charge for the hours I spend packing and shipping orders, Etsy takes a cut, and I still have to charge upwards of 100$ for many pieces because beadwork is hard fucking work. It's a slow process, literally one bead at a time.
I constantly struggle with balancing paying myself a fair wage, keeping my work accessible, not giving people a lowball idea of what beadwork actually costs therefore undercutting other artists... its not easy.
Read this first 👇
As someone working in the creator economy space, I love the movement that Substack started.
They mainstreamed paying for independent writing, and changed the lives of thousands of writers in the process.
But they're building for a specific type of creator.
Substack has made it clear that they're focusing on professional writers.
(Putting my product hat on, this is a smart strategy for them to differentiate and win a specific market)
In 2020 they rolled out initiatives like grants, legal support, and mentorship for writers.
If you call yourself "not tech-savvy", their platform is the easiest out-of-the-box option.
Want to take some time off? One of their smartest features gives writers the power to pause paid subscriptions.
If you're a professional writer, Substack might be a good option for you to start with.
But, there are successful writers who are 'graduating' from Substack when they discover a few
Interesting point from @JayCoDon on why he left Substack.
— Austin Rief \u2615\ufe0f (@austin_rief) December 16, 2020
"Substack" becoming synonymous with "newsletter" on Twitter certainly has its pros.
But, there are also cons that may turn off future creators. pic.twitter.com/o5BhWxFv4x