Nick

Wish is not Roblox or Doordash. E-commerce, gaming and food delivery are three markets than have benefited from the covid crisis but Wish does not have the same traction as Roblox or Doordash. The company is going public with (i) a slowing down 32% YoY YTD 2020 sales growth, (ii) deteriorating gross margins following a regulatory change in the US s... See more

We already know from the work by Yale’s Nicholas Christakis and others that behaviour happens in friend networks. If people in your friend network quit smoking, then you’re more likely to quit smoking. If your friend gains weight, you are more likely to gain weight. Heck, if one of your friend’s friends – who lives far away and who you have never m... See more

Over ten years, it has estimated costs at USD 56 million and revenue at USD 119 million, which will leave the board with a profit of USD 63 million, which is a lot more money than it makes from bilateral cricket. And that's only the benefit to CSA. From its first year, the league will pay players bumper salaries in US dollars, which dwarf the Rand ... See more

Wish mainly targets low-income households who value cheap price above anything else. Peter Szulczewski wrote an article in Dec. 2016 introducing the concept of the "invisible half". It's the lower-income segment of Americans that has been underserved by technology and especially by ecommerce. Many Americans cannot afford to pay an annual Amazon Pri... See more

CSA is in this position because, quite simply, it’s not as powerful and influential as the Board of Control for Cricket in India (BCCI). In fact, the South African board is in rather dire straits. Its cash reserves as per its 2020-21 annual report were US$32.3 million, down from US$740 million in 2017, according to Cricbuzz. The BCCI, meanwhile, ju... See more

The size of the effect is astounding. Cross-class friendships are a better predictor of upward mobility than school quality, job availability, community cohesion or family structure. If these results are true, then we have largely ignored a powerful way to help people realise the American dream.

Suddenly, everyone in start-ups is getting fired. The tech industry has gone from $100 million capital raises by the bucketload to laying off slabs of staff.