Spotify 3Q'22 Earnings Update

Subscribe Disclosure: I own shares of Spotify "...I suspect many of you think Spotify is a great product, yet at the same time, you may also think that we're a bad business or at least a business with bad margins for the foreseeable future." Daniel Ek

Alphabet 3Q'22 Earnings Update

Subscribe Disclosure: I own shares of Alphabet "There's no question we're operating in an uncertain environment" Summertime is over, and winter is almost here. Here are some of my highlights from 3Q'22. First things first, there was 5% FX headwind, so FXN

Adobe Update

Disclosure: I own shares of Adobe Adobe just had its Annual Creativity Conference: MAX as well as its Analyst Day. I wanted to write an update based on more data points that were disclosed on the Analyst day.  If you are not up to speed on the business, I encourage

Airbnb: From Cereal Boxes to "Seven-Star" Travel Experience

Cloudflare: Helping to Build a Better Internet

You can listen to this Deep Dive here In 1997, Matthew Prince, one of the co-founders of Cloudflare, called his father (who was a stockbroker at that time) and said, "I think I want to buy 1,000 shares of Apple stock." Split-adjusted, Prince paid ~13¢/share. That

Autodesk 2Q'FY 2023 Earnings Update

Disclosure: I own shares of Autodesk "End market demand remained strong during the quarter, resulting in robust new business activity. Renewal rates were again excellent." This was a solid quarter for Autodesk. Let's dig in. Subscribe Topline Autodesk beat the high end of topline guidance which,

Adobe: A Software Giant from the 80s

You can listen to this Deep Dive here John Warnock and Charles “Chuck” Geschke, who met each other while working for Xerox, co-founded Adobe in 1982. John was leading a team at Xerox to build InterPress, a protocol for Xerox printers and became disillusioned as Xerox showed little interest in

IAC 2Q'22 Earnings Update

Disclosure: I own shares of IAC "We want our shareholders to feel their capital is safe with us...that it’s our responsibility to help that capital grow healthily by building businesses and creating opportunities our shareholders may not have the chance to access on their own." IAC

Block 2Q'22 Earnings Update

Disclosure: I own shares of Block/Square "...we recognize the importance of exercising discipline with our investments as we enter a period of potential uncertainty." Unfortunately, total opex continues to exceed gross profit, and given the focus on non-GAAP opex, actual opex may remain ignored. Let's

Amazon 2Q'22 Earnings Update

Disclosure: I own shares of Amazon Amazon may be the first and the last ~$1.5 Tn market cap company to report negative Trailing Twelve Months (TTM) FCF (-$23.5 Bn to be exact). It is quite incredible how Amazon management gained credibility and earned trust to ride through