Brilliant article on the monopolistic power of food delivery businesses especially as they begin to vertically integrate and merge around the world.
“Losing money to acquire market power, or to steal from investors, is a form of counterfeiting, because it drives honest competitors that have to generate a profit out of the market“.
A great post about the history of Intercontinental Exchange and its founder Jeffery Sprecher. Its success was based on a few factors.
(1) “Sprecher gave away 80% of the company to his customers as an incentive for them to trade at his venue.”
(2) “the company had a lucky break when Enron went bust.”
(3) Lots of deals meant diversification especially into oil trading and clearing. 20 deals in the past 15 years. Three criteria drove these – enhance network, new content, turnarounds.
It also comes down to three insights – analogue to digital, using regulation as an opportunity and the power of data.
A great presentation and separate post about a huge eCommerce business you probably haven’t heard of, founded only in 2015.
Its success is down to a team buying feature, social integration, gamification and live streaming.
These features have led to a daily active user (DAU) to monthly active user (MAU) ratio, a measure of engagement, of almost 50% – the highest, by some margin, among peers.
