Valuation
3 posts
NYT Write-Up
barriers to entry
For the first time in years, investors have become pessimistic on the main drivers of NYT’s business model – its digital news subscriber potential & its digital news pricing power. This write-up examines base rates for both of these drivers.
Unit Economics & Cohort Retention Curves
cohort retention curves
Churn cannot be reduced to a single number because customer retention is a curve, not a constant.
24 min read
What's Priced In?
Valuation
Stock prices are the clearest and most reliable signal of the market’s expectations for a business’s future performance. Ignore them at your peril!
10 min read
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