• 7.8b world population, 5.8b adults → age >15yrs (74% of world pop) flatten the curve!

• 8.1b mobile connections, SIM cards (105%)
5.2b unique mobile phone users (67%)

• 6.9b w/ electric power (89%), <1b to go!

• 5.8b w/ access to working/adequate toilets (74%)

• 3.6b unique smartphone users (48%)
~1.1b Chinese Android, ~1.0b Android, ~0.9b iPhones
120m devices using KaiOS, now 3rd mobile OS after Android and iOS Huawei, relentless

• Q4 2019 sales (units): 🥇Apple 🥈Samsung 🥉Huawei
iPhone XR = top-selling smartphone in 2019 fu you covid-19

• India surpasses USA → #2 largest smartphone market pg 104
Xiaomi (27% mkt sh) #1 for 9 qtrs, Vivo (21%) beats Samsung (19%)

• 1.6b cars (20%), of which EV = 0.5%
car ownership is rising, not declining, on track to 2b

• 1.2b PCs (15%) = 1.1b Windows, 0.2b Mac + Linux growth! first since 2011
48% of new PC sales (Q4 2019) = Lenovo + HP

• 1.0b bikes (13%), Copenhagen 2016: 1st time bikes in street > cars

• 480m tablets (6.2%)

• 237m smart speakers (3.1%). USA: 1 per household

• 186m smart watches (2.4%). USA: 25% woman, 18% men  food chain

• Security Council’s permanent members: density matters
2.5b Facebook (32% of world pop)
2.4b Christianity (31%)
2.0b WhatsApp (26%)
1.9b Islam (25%)
1.4b China (19%)

• Security Council’s non-permanent members:
1.4b India (18%)
1.2b WeChat (15%)
1.2b Hinduism (15%)
1.0b Instagram (13%)
800m TikTok (8.1%) thx! @katherineykwu
647m QQ (8.3%)
516m Sina Weibo (6.6%)
445m European Union ex UK (5.7%)  the empire strikes back!
335m Pinterest (4.3%)
330m USA (4.3%)

• Not represented in the General Assembly:
1.2b non-religious, aka “humanists” (15%)
1.0b people with no legal identification (13%) drive-thru religion?

• 4.5b active internet users (58% of world pop) reports!
4.2b active *mobile* internet users (92% of internet users) mobile first

• 4.0b email users (87%), 3.8b active social media users (84%)

• separate *mobile* internets: 🇨🇳=850m 🇮🇳=665m 🇺🇸=270m 🇪🇺=260m new IP: dangerous lobby
≠ rights: 🇨🇳New IP 🇮🇳PDPA/Aadhaar 🇺🇸CCPA/COPRA 🇪🇺GDPR/ePrivacy

• WordPress powers 35% of the *entire* internet, vs porn traffic ~10%

• 27% of all mobile internet traffic = YouTube (2b MAU) 

• 430m MAU on Reddit, the internet's front page

• Wikipedia edit rate = 1.8s, only nonprofit site in top 10, zero ads

• avg d/l speed Mbps: 31=mobile (112=🇰🇷5G), 75=broadband (153=🇸🇬) index v2020
41% countries: mobile downloads faster than Wi-Fi

• 3G coverage=90%, LTE=80%, 5G<1% …🧨 IoT revolution pg 24
FCC: $10b → clear 5G frequencies, $20b → Rural Digital Oppty Fund
5G: 🇪🇺Vodafone=111 cities, 🇺🇸Verizon=34 cities, 🇩🇪D-Telekom=6 city by city

• COVID-19: traffic up 25-50%, not higher peak, but extended peak change in traffic
ISPs: USA extra GB for free, UK lift data caps on broadband internet=primary, physical world=mirror

• 2.2k satellites (comms + obs): 🇺🇸=1k(45%) 🇨🇳=323(15%) 🇷🇺=164(7.4%)
internet constellations: SpaceX=360 Planet=150 OneWeb=74 → ch. 11 jeff is everywhere

• ~10% of internet data on surface web (indexed by search engines)
~90% on deep web (not indexed), fastest growing data ideas

• ppl/biz → “march to the cloud”, storage at ~30% (50% 2025E) to pass: 
consumer devices (35% 2020E), traditional data centers (40% 2021E)

• $0.25 trillion growing mkt: 🥇AWS=33% mkt sh 🥈Azure=18% 🥉Google=8%  always be closing
Amazon’s AWS to build VW industrial cloud: data from 122 factories
Microsoft's Azure to move AT&T's non-networking infra to the cloud

• EM Cloud Index mkt cap = $1t (52 companies), vs <$0.1t (20 co) in 2010 SaaS reigns supreme (🚨 proud investors)
median SaaS IPO (2019): $280m ARR, 50% YoY growth, 75% gross mg S-1 heaven

• Dropbox ($8b): 14m paying users (600m total), Box ($2b): 14m (65m) Hello Sign and hello profits!

• Google Drive: 5m paying users, 2b MAU which includes Gmail

• $0.017 cost of 1GB of storage (2020), vs $4.4k in 1990 data centers energy usage

• Swiss researchers store DNA-encoded data into silica glass spheres

• Catalog Technologies stores 14GB of data in DNA molecules

• fastest cpu race: IBM 'summit' (classic) v Google 'Sycamore' (quantum) raises $71m

• 31m Raspberry Pi sold, #3 best-selling general purpose cpu

• Moore's law still in effect, but chip-specialization driving prices
$0.002 cost of 1m transistors (2019) vs $527 in 1990 computing efficiency

• semiconductor co's racing to develop 5G, AI, SDV, Robots, etc chips
“there’s an app for that” → “there’s a chip for that”
Qualcomm announces 'Snapdragon X60', Intel announces 'Atom P5900'

• next-gen AI microchips funded by DARPA: keep USA ahead of China 

• low-cost way to kick-start innovation: N strangers, 1 cause
results in *licensed* software, but free of charge open source 101

• 2008 USA Fed Appeals Court: "violation of free software license...
...conditions → copyright infringement" 2008-18 projects: 79% CAGR track projects

• 80% of the Web powered by Linux operating system
0.17 bugs per 1k lines, vs proprietary software @ 25/1k lines

• 98% enterprise co = open-source software offerings in some capacity yes, it's VC backable

• Tesla: open sources patents = "strengthen not diminish our position" Elon is everywhere

• GitHub may open China office: not subject to USA trade restrictions

• Google's TensorFlow library for prototyping machine learning models
Airbnb: listing images → detect household objects at scale

• Waymo's Open Dataset: 2k 20sec clips of sync camera and LiDAR data
labeled data: 12.6m 3D labels (LiDAR) + 11.8m 2D labels (camera)

• littleBits makes available the circuit designs in each module

• Arduino single-board microcontroller kits for bldg digital devices

• 2011 CERN releases CERN Open Hardware License (OHL)

• MIT posts open-source plans for $100 emergency ventilator

• Open Source for America advocates for OSS in USA federal government #time'sup bureaucrats

• Mil-OSS group: advancement of OSS use and creation in the military

• Signal Protocol powers the encryption of WhatsApp and Skype

• every single asset in the world will be tokenized
🇸🇪 RE registrar 🇨🇦 gov't grants 🇪🇪 digital ID 🇺🇸 shareholder’s list country by country

• blockchain apps: computers that make commitments, ie vending machine
human disappears, software keeps commitments, indefinitely from 1997!

• Arweave's permaweb storage tokens: record content → fight censorship

• open crypto lending protocols so anyone can earn interest on their money

• $180b network value of all 5.3k altcoins/tokens
11 crypto-assets w/ network value >$1b

• Coinbase: 30m wallets, 40 countries, insured accounts
#1 crypto custodian for institutions: $7b AUM, 120 clients read

• SEC halts Telegram's $1.7b ICO, digital ↛ avoid Fed securities laws not over yet

• SEC: only two digital assets, Bitcoin and Ethereum, not securities

• banks of 🇬🇧🇨🇦🇯🇵🇪🇺🇸🇪🇨🇭 assess case for central bank digital currency white paper  USD v RoW

• India’s supreme court overrules central bank ban: crypto trade is OK

• ex-CFTC chairman announces Digital Dollar Foundation think thank

• Coinbase's CLO joins Office of the Comptroller of the Currency

• COVID-19 stimulus bills define the term "Digital Dollar", *first time* senate  house

• People’s Bank of China digital yuan: pre-launch testing ongoing
no bank acct required, backed by state’s ability to impose taxes

• JP Morgan's blockchain 'Quorum' based on ethereum: 400 banks join

• USA: 6m biz <500 FTE, 20k ≥500 FTE, 7k co NYSE+NASDAQ ($55t mkt cap) company > biz model
57% Fortune 500 co in 2000 → not F500 anymore, only 60 since 1955 1-pager, so good

• top 5 co by mkt cap: hq=🇺🇸🇨🇳, exchange=USA, comp adv=tech/invest

• S&P500 mkt cap: Σ top 5 ≈ 18% ≈ Σ bottom 325 = $4.6 *trillion*
$2t cash + cash eq held by non-financial USA corp biz

• $107b by USA VCs (2019) 5.8k deals, vs $295b & 32.8k global VC waka waka ($1b for Africa)
13 states w/ $b+ VC ecosystem 2019: 🥇CA=$58b 🥈NY=$16b 🥉MA=$9b Oh, Canada! UK startups
time from 1st email to term sheet = 9 days, v 90 days in 2014
B2B=$30b > B2C=$23b first time in 5 years

• $170b+ in underpriced IPO (1980-2019) → direct listing, 🖕 Wall St ha!

• Long Term Stock Ex: USA's 5th nat sec exchange, HQ=San Francisco

• Members Exchange "MEMX" awaiting regulatory approval from SEC

• SEC: simplify exempted investments + raising crowdfunding limits startups 1-regulators 0

• $57b in P2P loans to 4.5m borrowers issued by LendingClub

• $12b-15b raised by 2.2k tokens via Initial Coin Offerings

• $4.9b pledged to 180k project via Kickstarter

• $3.1b in grants to 5.6k awards through main USA fed agencies (2018) corp

• $1.8b startup investments, 10m angels/entrepreneurs on AngelList

• $1.0b passed to 150k creators using Patreon, 3m MAU patrons

• $1.0b in rev-share funding to 2.2k companies by Clearbanc

• underlying point is machine learning means computers can 'see' AI Index 2019
Google CEO: “AI…more profound than fire or electricity.” all things Google AI

• cpu power for AI training: 2x every 3.5mo, vs 18mo for Moore’s Law
103 co designing custom chips for deep learning acceleration

• reading comp w/ unanswerable questions: humans score = 86.83
🥇PINGAN🇨🇳=90.39 🥈Shanghai JT Univ🇨🇳=90.11 🥉PINGAN🇨🇳=90.00 Chinese AI

• MuZero algorithm #1 player in Chess, Go, Shogi, 57 Atari games
starts from blank slate, *without* knowledge of the game rules mastering games

• 2.8m potential compounds library to build a battery
ML → 5 weeks to Pareto-optimal design, vs 50yrs via human analysis 

• medical research/knowledge 2x every 70 days (2020E) w/ deep learning
2x every 3.5yrs (2010), 2x every 50yrs (1950)

• Google Health using retina scans: anemia detection accuracy 74% → 88%

• Paige.ai diagnoses prostate/skin/breast cancer >98%. FDA-approved SaaS

• USA gov't: $2b to American AI Initiative, DOE: $40m + access to data year 1

• 770m surveillance cameras installed globally, 1b by 2021E (🇨🇳=45%)
camera:person (2018): 🇨🇳0.25 🇺🇸0.21 🇹🇼0.18 🇬🇧0.15 🇸🇬0.14 ...🌎0.10

• 🇮🇳 #1 biometric id DB: citizens’ irises + fingerprints + photos

• Hanwang Tech: facial recog that works even if wearing a mask

• 🇪🇺 to interconnect DNA, fingerprint, vehicle databases of all states in Apple we trust  full profile

• 2.5m industrial robots 2018, installed base growing 17% YoY
robots per 10k employee: 🥇🇸🇬=830 🥈🇰🇷=775 🥉🇩🇪=340…🌎=99

• 2k Walmart stores w/ floor cleaning robots (40% of total USA stores) learns to stand/walk

• Boston Dynamics’s 'Handle' plus OTTO Motors: warehouse automation

• 30 nations w/ defensive SD weapons: engagement speed > human
Elon: 'F35 fighter jet era has passed' → lethal autonomous weapons next-gen defense

• Tactical Robotics VTOL tech: deliver supplies in combat/emergency

• 1.3m hobbyist drone fleet (USA 2018), 900k registered owners
0.3m commercial drone fleet (USA, 2018), 116k certified pilots game over rover.com

• Chinese drones rule the sky, DJI has ~77% mkt sh, latest for $399 Drone City PD

• SD-Zipline: 128km/h speed, 160km range, 1.75kg cargo capacity

• LiDAR "Moore's law": every 18mo → sensor resolution 2x, price 1/2x
$7.5k Waymo 'Honeycomb', $599 Livox 'MID-40', $100 Velodyne 'VelaBit'
Bosch's internally developed LiDAR → “affordable mass market”

• Waymo ($30b) at 1.5k FTE: simulation, LiDAR, trucking...$1b/yr burn $30b price tag  profile + org chart

• CA: SD permits to 65 carmakers, pilot w/ *passengers* OK: Cruise, ...
3m autonomous miles logged in 2019 (40% YoY) dmv
Mobileye: 30 *billion* miles of real-world testing required 

• 20% of Earth’s seafloor mapped (100% goal → 2030)
Saildrone charges $2.5k/day/drone to collect ocean data

• 7.8m EVs currently on the road, plus 0.5m e-buses
EV fleet (2019): 🥇🇨🇳=3.8m 🥈🇪🇺=1.8m 🥉🇺🇸=1.5m

• 2019 sales: 🇨🇳=1.2m 🇪🇺=0.4m 🇺🇸=0.3m 🌎=2.2m
best-seller race: 448k Tesla Model 3 v ~450k Nissan Leaf

• EVs to public charging st: 🇨🇳7:1 🇪🇺10:1 🇺🇸19:1

• top 10 economies non-EV cars “announcements”: 🇺🇸🇯🇵🇧🇷→😴
100%(🇬🇧→’35 🇨🇦🇫🇷→’40), 🇮🇳30%→’30, 🇨🇳25%→’25, 🇩🇪10m→’30, 🇮🇹1m→'22 sustainable kingdom

• 🇳🇴 100%→2025. 2019 sales = 42% all-electric v California at 7.7% 42% and climbing

• VW: $66b e-plan, 300 models (12 brands) e-version by 2025 the people’s car + the people’s republic
Electrify America: 418 stations = 1.9k chargers (4.5 per st)

• Daimler: $12b to electrify MBenz lineup by 2022, diesel out by 2039 Porsche

• Continental spins off non-EV business, $2.8b write-off to overtake fossil

• Toyota: $1b EV factory in China. Honda: EV-only in Europe by 2021

• LG Chem's '811' breakthrough: NMC battery 80% Ni + 10% Mn + 10% Co EV Hummer

• $160/kWh avg Lithium-ion battery pack price, down 85% since 2010
VW claims they pay <$100/kWh, consensus for $100 "threshold" → 2023

• EU: $3.5b for battery R&D, stimulus could add $5b from private co

• car maintenance for conventional vehicles = 2.3x EV
400k 🇩🇪 jobs at risk: EV = fewer moving parts

• EasyJet + Wright Electric: 186-seat hybrid electric Wright 1 by 2030

• 1978 (43yrs) capitalism=illegal, entrepreneurship → death sentence
China ’09 → #1 Exporter, ’13 → #1 Trader, ’17 → #1 Shipping+Ports Deng’s vision!

• China R&D spending $499b (4.1% of GDP) v USA $543b (2.8% of GDP)

• #1 unicorn (ex Ant Financial): TikTok ~$95b > 2.6x SpaceX ~$36b in-app revenue
~460 global unicorns: 🇺🇸=222 v 🇨🇳=119. Decacorns: 🇺🇸=11 v 🇨🇳=6
$107b USA VC investments (2019) > 3x China $35b
“9-9-6” schedule of Chinese tech employee: 9am-9pm, 6 day/wk

• Alibaba's $13b secondary listing SEHK: more Nasdaq co to follow

• $1.2t in infra investments by Belt and Road Initiative (60 countries) new silk rd

• BeiDou Navigation Satellite System to rival USA's GPS
70% Chinese smartphones work: Southeast Asia, E. Europe, Africa

• USA enjoys comp adv in AI and semiconductor chips war i/o
Chinese gov't funds: $29b → chipmakers, $21b → tech manufacturing READ

• AI startups: 🇨🇳=$17b in investment ($34m/startup) > 2x 🇺🇸
🇨🇳: automation, oil/gas, facial recog, edtech, AV, mental health

• DOJ: since 2012, 80% econ espionage + 60% trade secret theft = China
acq of sensitive 🇺🇸 tech: fill gaps in Mil+Econ Chinese initiatives great profile
report on 🇨🇳 tech+IP transfer practices: basis for trade tariffs

• USA blacklists Huawei: -10% of 2019 revenue (~$12b), -20% of 2020E "Wow Way"
Russian researcher uncovers security backdoor in Huawei-owned chips

• 89% mkt sh in desktop/laptop operating system
1.7b/day Windows devices (installed base), 1b on 10 alone

• 1.2b/day Office users, #1 productivity service, #1 SaaS product
2011: $21b/yr MS Office, Office 365 (subscription) is launched
2019: $36b/yr MS Office, $25b/yr Office 365 (238m subs)

• >1b Android devices w/ Word, Excel, PPoint, OneDrive, Skype installed
0.4b Outlook users (100m mobile), 0.3b Skype (40m DAU w/ COVID-19)

• 18% mkt sh in cloud computing infra w/ Azure what a monster
18 consecutive qtrs at >60% QoQ rev growth
Azure to build AT&T, Daimler, Walmart, Walgreen's “cloud factory”
Salesforce to transition its marketing cloud to Microsoft's Azure

• $27b for LinkedIn (2016): 675m profiles (310m MAU), 50m companies it works
lynda.com, #1 online learning app for 3 yrs in a row

• 44m DAU on Teams (500k orgs), $MSFT fastest-growing biz app ever
93% Fortune 100 companies using Teams
Teams for Linux in public preview; 1st *open source* Office app mmm

• $7.5b for GitHub (2018): 40m MAU developers
acq of npm, default package manager for Node.js, 75b/mo downloads

• 110m/mo active Minecraft players, 65m/mo Xbox Live users

• $18b in R&D (2019): $1b to OpenAI, $1.4b acq of Affirmed (5G co)

• $207b cash on balance sheet > New Zealand's GDP make it rain

• 2.6b devices sold, 1.7b active (0.9b = iPhones) don’t give in!
64% of Americans own an Apple product, 380m iMessage MAU (global)

• dx channel: Google pays $12.2b/yr → default search eng on iOS devices

• F500 boardrooms wanted *their* iPads to work on the corp network happy 10yrs!
100% of Fortune 500 companies now use Apple devices
150k+ customers are using Apple's enterprise device mgmt software

• iPhone: #1 product of all time, 1.8b cumulative sold (since Q2 '07) net yabloko telefon
#1 signal of USA wealth, 85% of USA teenagers have an iPhone
$750+ avg price vs $260+ for Android
76% mkt sh in India's *premium* smartphone market 

• By rev: iPhone >> Services > Wearables > Mac > iPad

• AirPods → fastest growing product, 60m sold 2019, 100m+ since launch

• 99m Apple Watches sold cumulatively, 31m in 2019 > 21m Σ🇨🇭watchmakers

• $55b in service revenues (incl App Store) in 2019, + $2b/yr in ads Apple Ads

• $21b in R&D in 2019, new iPad Pro w/ LiDAR scanner → AR, 3D, mapping 
Project Titan: 70 SD-cars, 150 drivers, Tesla VP of Eng → Apple new cars new processors
iOS 13.4 → CarKey API iPhone/Watch unlock+start car via NFC contact
~$0.2b acq Xnor.ai: ML on low power devices instead of cloud

• 100m MAU on Apple News, 500m devices w/ Siri, 3m Apple Card holders

• #1 company by R&D spending: $36b in 2019, vs $29b in 2018 palm-recognition
20% revenue growth, but only 50% is direct ecommerce
$1b to expand Prime one-day delivery service: <5hrs *guaranteed*

• #1 e-retailer USA: 39% mkt sh (7.3x Walmart), 4.6% of *all* USA retail
53% units sold = 3rd-party: 1,200k SKUs, vs 120k Walmart, 4k Costco

• #1 ad spender in world. $11b in 2019 = 2% of global ad expenditure

• 150m Prime members >Costco: $1.4k/yr Prime member vs $1k non-Prime

• #1 fulfillment co: 40 planes, 6k trailers, 130k e-vans (2030)
carries 45% of own USA shipments, bldg own air traffic mgmt system

• #1 cloud infrastructure provider: AWS=33% mkt sh, $35b in 2019 rev

• #1 smart speaker USA: 55% mkt sh, 70m Echo’s sold (10m in Q3)
1k/s Echo Dot on CyberMonday, 10k people working on Alexa

• #1 ebook seller USA: 83% mkt sh, audible.com $ > Σ 1-5 NYC publishers

• #2 online grocery USA: 29% mkt sh vs Walmart=37%

• #2 largest private employer in USA by FTE (#1 Walmart) get ready india
100k warehouse robots “employed”, 1:3 warehouse employees which virus?

• #3 in ads (10% mkt sh): $2b/qtr business (heads-up Google/Facebook)
50% *product* searches start/end on amazon.com, 65% if Prime user

• avg Go store: $1.5m/yr ≈ 150% convenience store w/ cashiers
Go Grocery = cashier-free tech. 'Dent' subsidiary → licenses

• 2.9b used at least one Facebook-family app per mo, 2.2b daily off-facebook activity
#1 mobile platform by marketer’s budget spent on iOS global
65%+ mobile social traffic, 23% digital ad USA revenue
140m biz, 8m MAU advertisers (4m use FB+IG+Messenger stories)
100b/day messages (5x peak global SMS), 1b Stories towards privacy

• Facebook: 2.5b MAU, 1.6b DAU, majority of searches → people

• Messenger: 1.3b MAU, 40m biz, 20b/mo biz-ppl messages, 300k/mo bots
goal: never dial a 1-800 again, 40% prefer live chat vs call for kids

• WhatsApp: 1.5b MAU, 1b DAU, 65b/day messages no ads apparently
click-to-chat button on website → message a business
Business API → biz respond using WhatsApp (Uber✔️)

• Instagram: 1b MAU, 25m biz-specific profiles (2m MAU using Stories)
>90% users are following a biz, 130m/mo users tap on a shopping ad
~$20b in ad revenues 2019 (>25% of Fb rev) v YouTube @ $15b

• $14b R&D in 2019, acq 80+ co in 15yrs, passed on Musical.ly c 2016 great profile
blockchain Calibra led by D. Marcus (ex $PYPL), 100 FTE + hiring new plan
3m paid users on enterprise platform Workplace, up 1m in 8 months
NPE (New Product Exp.) team: podcasts, travel, newsletters tools first superbowl ad ($11m)

• India: #1 country by FB users, 0.4b WhatsApp users (payments to come)
in talks: 10% stake in telecom operator Reliance Jio

• #1 gaming company in the world: by revenue and users bytedance's assault

• #1 corp dev team to *own* content: 100% Riot (LoL) i want it all
<100%: Supercell, Grinding Gears (PoE)
<50%: Epic (Fortnite), PocketGems, Fatshark, SEA (Garena)
<15%: Glu, Activision, Bluehole (PUBG), Frontier, Ubisoft, Paradox call of duty

• #1 OS for the entire Chinese economy: 1.2b+ MAU on WeChat & Weixin
ecosystem: 1m mini apps w/ 300m DAU, 1.5m developers miniapps 101
$115b transactions via mini apps (2019)

• gaming revenue: mobile = 2.4x PC/Mac = 2.9x home consoles
Nintendo + Tencent (titles + cloud) = Switch console in China
Huawei + Tencent = game lab to explore cloud gaming, AI, VR, AR

• #1 mobile payment platform 🇨🇳: 1b/tx/day, 800m MAU, 50m merchants general overview

• Tencent's fintech biz: if stand alone → 🇨🇳 #4 largest public co
Hong Kong Monetary Authority grants blockchain bank license

• $85b AUM on wealth mgmt platform LiCaiTong, 100m users

• active investment portfolio of 700 co (100 in 2019): 160+ unicorns
$4.5b → DiDi, $1.8b → Tesla (5%), $1.4b → Flipkart, $150m → Reddit
18% Snap, 12% CICC (bank), 10% Universal Music Group, 8% Spotify

• 106m TencentVideo subs, #4 video app by rev 2010-2019, #3 in 2019

• $3b in R&D (2019): cloud business makes $2.4b with 1m paying users

• first digital/unforgeable/scarce commodity in world history must read
2010-2020 best investments: 🥇bitcoin: +8,990,000% 🥈...

• single most mispriced risk in entire financial system #BlackSwan when fiat fails
"no chance hyperinflation could happen to the US dollar"  debt bubble 2008?

• coercion into a centralized monetary base: silver coins → gold coins
→ gold bars in private banks → gold bars in the government → fiat read I, II, III

• BTC cost of transportation+validation ≈ 0, w/o counterparty risk

• stock-to-flow model shows statistical significance w/ BTC mkt value LISTEN!
gold and silver also in line with the model verify then trust

• 1 BTC > 4.0x Gold oz, bitcoin overtook gold in Mar-2017 volatility = truth

• 11yrs old BTC: 18.3m circulating (87%), 2.7m to mine @ $6.3k

• 6%+ of Americans own BTC (0.4% global) → Fidelity rolls out custody brrrr
1995 internet penetration = 0.4% (58% in 2019)

• 51% attack cost: $21b in hardware, $14m/day in elec consumption
strongest computing network in the world = bitcoin
attacked thousands plus times, impenetrable for 11+ yrs
7k+ bitcoin ATMs worldwide, arbitrage is *almost* over

• $1.9b in cumulative fee revenues (miners securing the network)

• bitcoin’s “electricity-hungry” consumption ≈ 0.3% world ≈ 🇦🇹
coal power plant in NY installs 15 MW crypto-mining server farm

• most valuable USA carmaker *ever*: Tesla = 3.3x GM = 4.9x Ford $1t
Tesla’s FTEs = 27% GM = 25% Ford

• #1 ownership experience: buy online + over-the-air *software* updates
Tesla's AI chips 6yrs ahead of VW+Toyota. 🇯🇵 eng: "we cannot do it"
luxury rivals = too expensive. entry-level = not attractive enough subaru CEO

• safest vehicles ever tested: NHTSA 5☆ safety ratings all categories

• 🏁 first carmaker to 1m EVs, 0.4m in 2019, 88k in Q1 2020 → 7k/week 1,000,000
Shanghai plant @ 3k/wk (10k/wk goal) 🇨🇳 36 stores + 300 charging st chinese mkt
Gigafactory IV: 300ha in Berlin → batteries/powertrains, 500k/yr plus subsidies
New Gigafactory in “central USA”...Nashville, TN?

• Model S @ $80k, 629km range (WR any EV) #1 by mkt sh (37% USA) porsche, not dead

• Model 3 @ $39k, 518km range, 0-60mph in 3.2s, 260km/h top speed
#1 selling EV in the world, 360k during 2019 > 1,000 per day

• Model X @ $85k, 565km range (WR any electric SUV), #2 by mkt sh

• Model Y @ $53k, “roomier” model 3 crossover hello world

• Roadster 2G, 0-60mph in 1.9s, reservations at $50k, total $250k

• Semi truck: 2k pre-paid reservations at $20k, total $150k

• $1.3b R&D 2019E: 0.6m Cybertruck pre-orders, production late 2022
proprietary data + chips + footage + GPS = new products eg. insurance
V3 Supercharger: 1.5k/cars/day, Megapack: 3 MWh utility-scale battery new jersey

• 110m/mo active platform consumers, 3 marketplaces, 10k cities
riders↔drivers + eaters↔restaurants + carriers↔shippers

• #15 downloaded app in 2019 (AppStore + Google Play), ahead of Amazon

• #1 app in ground transportation (passed Avis in Q1 2017)

• moves more people than airline industry
$48b mkt cap vs $56b ∑ top 7 🇺🇸 airlines

• $70b GMV ≈ eBay 2012 ≈ Amazon 2013 ≈ Shopify 2020
$14b in revenue (20% avg take-rate)

• Rides: 75% of revenues (86% in 2017), 21% take rate
70 countries, 900 cities, >60% mkt sh  unstoppable nfx
ride-hailing portfolio: 37% Yandex 🇷🇺, 19% Grab 🇮🇩, 15% Didi 🇨🇳
$1.7b acquisition of 100% Careem 🇪🇬 🇯🇴 🇵🇰 🇸🇦 🇦🇪

• Eats: 24% of revenues (14% in 2017), 9.5% take rate, 6,000 cities $0→$15b in 5yrs
16 trips/mo by consumers who used both Rides+Eats

• Freight: 1% of rev (0% in 2017), 50k carriers operating 🇺🇸🇨🇦🇳🇱🇩🇪🇵🇱

• $2.5b in R&D 2019, >$11b "war chest" (cash in hand)
other bets on urban mobility: $140m acq dockless e-bike JUMP 100k users
Uber Money: driver's mobile bank acct, track earning/spending 

• Advance Technology Group → autonomous vehicles & Uber Elevate (VTOL)
$1b from SoftBank + Toyota + DENSO to accelerate development

• #1 *programmable* telecom platform: messaging, voice, video, email
real time telecom infra w/o geo boundaries + software like margins giants of cloud

• 3b+ phone numbers in 100+ countries

• $4t global IT budget: 36% communications vs 10% software, 5% cloud

• roadmap: 2008 voice, 2010 SMS, 2015 video/chat, 2019 email, 2020... board deck from 2010
$2.7b acq SendGrid: #1 email and marketing API platform
1.5b/day average emails handled by SendGrid

• 179k active customer accounts 2019, up from 34k (2016)
small customers: notify a diner when a table is ready
large customers: power entire omni-channel contact centers

• WhatsApp, Shopify, Uber, Lyft outsourcing their comms infra Lyft’s call center

• 14% of total revenue = top 10 customer concentration, v 31% (2016)

• 2m developers, developer-first model: community = sales + marketing
acquire developers like consumers → spend like enterprises

• Twilio SIM: 1 SIM number, 1 API, 1 billing relationship, global reach
mass activate/suspend hundreds of SIMs with a few clicks
Microsoft Azure: connect/auth IoT devices to internet w/ Twilio
Lime e-scooters w/ Twilio: 100m rides across 30 countries in 2yrs

• $0.4b in R&D, 46% of FTE
$14m acq of automatic speech recognition company Capio (2019)

• CEOs ($2,729m): salary+bonus+options
$2,300m 🇿🇦🇺🇸 E. Musk - NASDAQ:TSLA   
$125m 🇮🇳🇺🇸 N. Arora - NYSE:PANW
$129m 🇺🇸 D. Zaslav - NASDAQ:DISCA
$108m 🇺🇸 S. Catz - NYSE:ORCL
$67m 🇺🇸 J. Legere - NASDAQ:TMUS

• Musicians ($610m): not only touring good points
$185m 🇺🇸 Taylor Swift [29F]
$150m 🇺🇸 Kanye West [42M]
$110m 🇬🇧 Ed Sheeran [28M]
$84m 🇬🇧 Elton John [72M]
$81m 🇺🇸 Beyoncé Knowles [38F]

• Athletes ($420m): ex-endorsements
$92m 🇲🇽 Canelo Alvarez 🥊
$92m 🇦🇷 Lionel Messi ⚽ @cristiano
$81m 🇺🇸 Russell Wilson 🏈
$80m 🇺🇸 Aaron Rodgers 🏈
$75m 🇧🇷 Neymar ⚽

• Actors ($356m): not only movies
$89m 🇺🇸🇨🇦 Dwayne Johnson [47M]
$76m 🇦🇺 Chris Hemsworth [36M]
$66m 🇺🇸 Robert Downey Jr [54M]
$65m 🇨🇦 Akshay Kumar [52M]
$58m 🇭🇰 Jackie Chan [65M]

• Authors ($235m): books + movies rev
$92m 🇬🇧 J.K. Rowling
$70m 🇺🇸 James Patterson
$36m 🇺🇸 Michelle Obama
$20m 🇺🇸 Jeff Kinney
$17m 🇺🇸 Stephen King

• Billionaires ($448b): TGP=The Giving Pledge
$125b 🇺🇸 Jeff Bezos Earth fund
$104b 🇺🇸 Bill Gates - TGP
$76b 🇺🇸 Warren Buffet - TGP
$75b 🇫🇷 Bernard Arnault
$67b 🇺🇸 Mark Zuckerberg - TGP

• Pension funds ($3,365b)
$1,374b 🇯🇵 Govt Pension Invest Fund
$579b 🇺🇸 Fed Ret Thrift Invest Board
$573b 🇰🇷 Ntl Pension Service
$462b 🇳🇱 Ntl Civil Pension Fund
$377b 🇺🇸 California Public Emp

• Corporate ($674b): cash+ST+LT invest
$207b 🇺🇸 Apple 
$137b 🇺🇸 Microsoft
$128b 🇺🇸 Berkshire Hathaway
$120b 🇺🇸 Alphabet
$82b 🇨🇳 China Mobile

• Religious orgs USA ($215b): estimates no church
$100b Church of JC of Latter-Day St
$70b Catholic Ch (35 Archdioceses)
$25b The United Methodist Church
$14b Southern Baptist Convention
$6b Trinity Church

• Foundations ($177b): non-profit
$49b 🇩🇰 Novo Nordisk Foundation
$48b 🇺🇸 Bill & Melinda Gates capitalism works!
$39b 🇬🇧 Wellcome Trust
$21b 🇮🇳 Azim Premji Foundation
$20b 🇺🇸 H. Hughes Med Institute

• University endowments ($177b): USA Tax exempt hedge funds w/ campuses so true
$50b UTexas
$41b Harvard everyone has a price
$30b Yale
$30b Stanford
$26b Princeton

• Private vehicles ($184b): (strategy) smart brothers
$100b 🇬🇧 Softbank Vision Fund (PE) sequoia
$22b 🇺🇸 Global Infra Partners IV (NR)
$21b 🇺🇸 Blackstone IX (RE)
$20b 🇺🇸 Brookfield Infra Fund IV (Infra)
$13b 🇺🇸 GS Mezzanine Part VII (Debt)

• GDP ($50t): 2019E, current prices
$22.3t 🇺🇸 USA
$15.3t 🇨🇳 China
$5.4t 🇯🇵 Japan
$4.0t 🇩🇪 Germany
$3.2t 🇮🇳 India

• Military power: 0=perfect score FU money
0.0606 🇺🇸 USA
0.0681 🇷🇺 Russia
0.0691 🇨🇳 China
0.0953 🇮🇳 India
0.1501 🇯🇵 Japan

• Fiat currencies: avg daily trading (Fx)
$5.8t (88%) 🇺🇸 dollar
$2.1t (32%) 🇪🇺 euro
$1.1t (17%) 🇯🇵 yen
$0.8t (13%) 🇬🇧 pound sterling
$0.5t (7%) 🇦🇺 dollar

• SWF ($3.8t): non-pension
$1,009b 🇳🇴 Norway “Oil Fund” SWF they are hiring
$941b 🇨🇳 China Invest Corporation
$696b 🇦🇪 Abu Dhabi Invest Auth
$592b 🇰🇼 Kuwait Invest Authority
$545b 🇭🇰 HK Monetary Aut Invest

• Rich ppl (150k): net worth > $30m
81k 🇺🇸 USA
25k 🇨🇳 China (HK = 9k)
18k 🇯🇵 Japan
16k 🇩🇪 Germany
10k 🇨🇦 Canada

• Gold reserves ($1t): @ $1,594/oz
$457b 🇺🇸 USA
$189b 🇩🇪 Germany
$138b 🇮🇹 Italy
$137b 🇫🇷 France
$129b 🇷🇺 Russia

• learn to sell, learn to build. If you can do both → unstoppable

• college tuition USA 1978-2018 → 1,375% > 4x over­all inflation future of education

• 51% of USA adults (2019): college = "very important," vs 70% in 2013
43% of college grads work at jobs that don’t require a degree

• >25% of adults *unable* to use a cpu (1.5b people) vs 1b+ illiterate exhibit a: architects
40% of K-12 students in USA have a code.org account

• YouTube: full of rewindable (patience = ∞) instructors/teachers
online courses co new valuations: Yuanfudao ($8b), Udemy ($2b)

• Lambda School ISA: repay tuition when job salary = $50k/yr flatiron jobs report

• 70m w/ criminal records (1/3 adults) → pain in finding a job proud investors

• 57m freelancers (35% USA workforce), 1st time: choice > necessity
$1t/yr = 5% GDP > Construction, $28/hr median *skilled* freelancer

• 30m gig workers (16% workforce), 1 in 6 workers in org = gig worker really good

• 1.6m workers on Steady: #1 Grubhub=$1.2k/mo...Target=BestBuy=$1.1k/mo

• 2m RE agents (1% workforce): $75b/yr in commissions red tape all along

• NYC's private offices tenants: 🥇WeWork 🥈JP Morgan 🥉Citigroup

• Medium.com writers Feb-2020: #1=$18k, 8% >$100, 66% >$0, $8k=#1story free the stars!

• Gumroad creators 2019: 3 >$1m, 106 >$100k, 1.1k >$10k, 5k >$1k

• Uber tips: 4m drivers global (Rides + Eats) → $2b/yr

• 3.2m unemployment claims, vs 0.7m ≈ Oct-1982 ≈ Mar-2009 after covid

• dating liquidity & tx volume → efficient pricing → divorce rates drop lol
marriages happening w/ more info than any generation ever must read
18% divorce probability of <35yrs old vs 37% in the >55yrs old household formation 2.0

• 200m/mo use digital dating services
2 of top 20 apps by iOS revenue: dating

• Match Group owns 4 of top 10 dating apps by rev:
Tinder, Pairs, Match.com, Hinge: 9m+ paying users altogether

• Tinder: 50m MAU, 6m paying, #1 (non-game) app by global rev 2018+19 you can also chat
male liked 60%+ female profiles, female liked <5% of male profiles

• MagicLab ($3b) owns 2 of top 10 apps: Bumble and Badoo
60m Badoo (w/ 470m registered), 80m on Bumble (11m active)

• Facebook Dating available in 20 countries not so fast
data-sharing agreements w/ jSwipe+Bumble, others —not Match

• 15m MAU on ‘compensated dating’ app Seeking Arrangement lower your tuition U of Melbourne
8m sugar babies, 2m sugar daddy/momma

• 20k girls using MyGirlFund.com, chat/flirt for money

• 12m registered users on OnlyFans, $300m to its 150k content creator

• 1/7 kids ages 12-17 = sent a sext (sex+text), +4%/yr ea year of age kids, don’t sext!

• 20m registered on MindGeek: PornHub, RedTube, YouPorn well done
Pornhub (launched 1mo pre-iPhone): 115m/day visits no worries paypal

• people speak ~150 words/min vs type ~40 words/min
voice first: easy, intuitive, fast, convenient, natural

• 75% use voice assistants to access info in the car, 95% by 2022E

• 77m/mo use voice assistants in cars (USA)
Honda's R&D acquires Drivemode, provides drivers w/ voice-to-text
Garmin launches car navigation Speak, powered by Alexa
Tencent w/ Chang’an Automobile Group: in-car version of WeChat
Amazon w/ ExxonMobil pay for gas via voice command at 12k gas st

• 5m Sherpa.ai users, 85% 🇪🇸speaking, hires Siri co-founder Tom Gruber microphones not speakers

• 237m installed smart speakers (157m in USA), 49m sold Q4 2019

• 84m Amazon's speakers, 16m in Q4 2019 (🥇31% mkt sh), 0.2b devices
$1.4m of $5m target = Alexa revenue from in-skill purchases skills
partners w/ UK’s NHS: basic medical advice for common maladies 48hrs! bye bye red tape

• 58m Google’s speakers, 13m in Q4 2019 (🥈25% mkt sh), 1.0b devices
Assistant translates and read aloud text on websites, 40+ languages

• 21m Baidu's speakers, 6m in Q4 2019 (🥉12% mkt sh), 0.4b devices

• 27m Alibaba’s Tmall Genie, 21m Xiaomi's speakers

• 50m Microsoft's Xbox → adds Alexa + G Assistant, drops Cortana

• Sonos One G2 ($149) compatible w/ Alexa, Siri, G Assistant the price of dx

• Facebook Portal ($129) video calling devices, "Hey Portal" + Alexa

• Twitter killed institutional media, source of truth → decentralize happy bday Twitter  everyone has a boss

• text messaging → most used data service in the world
WhatsApp=65b/day, WeChat=45b/day, SMS=26b/day

• ISDN phase-out → VoIP: 2019🇨🇭 2022🇳🇿🇦🇺🇩🇪 2025🇬🇧 2030🇫🇷 fb lite

• top *web content* languages: 🥇🇬🇧=60% 🥈🇷🇺=9% 🥉🇪🇸=4%
most spoken lang (ex 🇨🇳🇮🇳) 🥇🇬🇧=1.1b 🥈🇪🇸=0.5b 🥉🇫🇷=0.3b

• 423m phone calls where NSA collected metadata in 2018 wtf!
no matter place / time / what you do → your life = open book whisper, but in real life
the content you want + the surveillance you don't in <686 millisec

• 2016 internet landmark: encrypted web traffic (HTTPS) > unencrypted really really good!
81% today (91% in USA). Let's Encrypt: 1b certificates, 0.2b sites

• 12m MAU on privacy browser Brave. Mozilla's VPN service @ $5/mo

• Firefox Private Network (servers in 30 geos) → WireGuard standard

• Tor Foundation individual donations new annual record

• BBC/NYT/FB launch dark web version: 🇨🇳🇻🇳 don't allow direct access

• Brian Acton (co-founder of WhatsApp) joins Signal Foundation recently audited
EARN IT bill to eliminate protections → E2E encryption unviable

• 12m DAU on Slack (vs 44m MSFT Teams), 900 customers @ $100k/yr spend leadership 2.0

• 650 Zoom customers @ $100k annual spend, 400k downloads on 13-march end-to-end

• 430m MAU on Reddit, #5 visited site USA, 130k active communities truth shall set you free  for visually impaired

• $24b streaming rev > 50% Music industry’s source of revenue

• $9b in streaming rev by top 3 labels Vivendi+Sony+Warner up to the courts
Tencent Music acq 10% Universal Music (owned by Vivendi) for $3.4b
Valence Media (owns Billboard) acquires Nielsen Music

• $11b music rev (USA 2019), 4th yr of growth, 80% streaming (>1t songs)

• $10/mo for 10yrs now: music streaming = commodity = 0 pricing power song remains the same

• 1% of performers take 60% of all concert-ticket revenue (1982: 26%) attention all bands: ask@pirque.vc

• Spotify ($22b): 124m paid sub global, 270m MAU, acq sports podcast app
Kids app: ages 3-12, 6k curated songs + learning/playing playlists
~8% swap w/ Tencent Music ($17b mkt cap, 650m MAU, 40m paying)

• Apple Music: 70m paid subs global, 34m in USA > 33m for Spotify
35% iPhone customers → Apple Music subs; 30% → Apple Podcasts subs

• 55m Amazon Music global subs, growing faster Spotify and Apple Music

• 77m MAU YouTube Music, videos/audio/lists all in one from $10/mo

• India: ByteDance launches Resso, but already 152m MAU on Gaana

• SoundCloud: 200m tracks, #1 audio catalogue, SiriusXM → $75m invest ha!
$200m ARR in Q4 2019 = 77%·(creator + listener subs) + 23% ads digital concerts

• 3b/wk users on terrestrial radio. NPR 2020E: podcasts rev > broadcast

• 100m/mo podcast users USA: 42% mkt sh Apple, 20% Spotify pg 57

• NYT acq Audm: pro actors read long-form journalism for audio content

• street/sidewalk wars: micromobility → fastest tech adoption in history
37m/yr trips on shared bikes + 39m/yr on shared scooters (USA 2018)

• 🇩🇰 Copenhagen: 49% trips to work/school → bicycles, vs 6% Portland
25% families w/ 2 children: cargo bike replaces car

• e-bikes flatten hills. In 🇨🇳: 700m/rides/day > 2x 300m conventional

• 5m e-bikes in 🇩🇪 (~10% household), 1.4m e-bikes sold in 2019

• Lyft #1 bikeshare operator in N. America: 48k bikes at $0.15/min

• 113 cities w/ Lime's 🚲+🛴 → 100m rides: 0→50m=18mo, 50m→100m=5mo Usain Bolt

• USA drivers in big cities: 99hr/yrs lost to traffic, #1 Boston=149hrs

• 36% of USA adults have used ride-share services, 15% in 2015
first studies: car traffic ↑, bus rides ↓, specially under 5kms cost of conveniencenbsp; study 2

• NYC sets $17.22/hr min wage for ride-hailing drivers medallion bailout
80k ride-hailing drivers vs 20k "yellow-taxi" drivers NYC
cargo-bike pilot: pedal e-vehicles OK to park in comm load spaces

• ride-hailing USA: 51% mkt sh for Uber, vs 49% for Lyft

• The Boring Co completes excavation of first 2 tunnels in Las Vegas

• Hardt Hyperloop: connect Amsterdam to European cities @ ~1,000km/h

• 16yr old SpaceX: >60% mkt sh, 89 cargo rockets launched

• Blue Origin opens new HQ and R&D lab in Kent, WA, total FTE @ 2.5k 

• London→Sydney flight: 🏁 distance 17,800km + 🏁 time 19hr19min flying taxis

• 1.7b remain unbanked (17%), 50% in 🇧🇩🇨🇳🇮🇳🇮🇩🇲🇽🇳🇬🇵🇰 untapped mkt!

• when cash tx <7% → cash mgmt cost > mg profit on that cash sale e-krona
🥇🇳🇴=11% vs 🇺🇸=26%, the leading pack: 🇩🇰🇸🇪🇫🇮🇬🇧🇳🇱

• Visa + Mastercard + Amex > 96% mkt sh, avg fee: 3.61%/tx
USA poor: 10% of income = fees+tx costs = spent on food = $140b/yr message:payments

• ever-changing, fragmented, highly competitive *payments* landscape no winner takes all

• Apple Pay: 440m users, 5% card tx. 🥇🇺🇸=30m users, 70% retail accepts

• PayPal: 0.3b accts, 24m merchants, $10b in loans, 52m Venmo App users ouch

• Square: 90m profiles, 24k shops, $6b in loans, 24m Cash App users nice roadmap SQ bank 2021

• Stripe: live in 37 countries supports WeChat, Alipay, Apple Pay really good
Stripe Capital = biz loans. w/ WordPress.com → recurring payments

• Adyen: 100m biz, including McDonald’s, Domino’s Pizza, Uber

• Amazon+GSachs: loans to SME. Amazon Lending $0.9b since 2011

• 1b AliPay users, 0.8b TenPay(WeChat), 0.2b Du Xiaoman Pay (ex-Baidu)
Alipay+TransferWise send remittances using recipient’s Alipay ID 1% of Klarna
WeChat Pay supports overseas Visa/MasterCard/AmEx/JCB/Discover

• 31% global adult pop w/ credit scores
78% in USA: 400 credit agencies, 200m FICO scores yes, more

• 50m users crypto today, decentralized ID → reputation scores for 5b? digital id

• $0.7b AUM by BlockFi, loans guaranteed by bitcoin and ethereum bitcoin collateral

• everything the internet did to media is happening to retail
Dixons Carphone close 531 brick-and-mortar stores, cuts 2.9k jobs
Bose closes *all* brick-and-mortar 🇺🇸+🇨🇦+🇬🇧+🇪🇺+🇯🇵+🇦🇺 = 119 stores 500 and counting

• Craigslist (1995): $1b/yr, FTE=30, owners=2, bought back eBay’s 25%

• Kylie Beauty (2014): $0.2b/yr, FTE=12, mktg=@kyliejenner, 51% @ $0.6b

• Shopify: 1m merchants, 175 geos, $60b GMV, $1.5m/s BF+CM global sales go crypto

• consumer goods (ex content) ARPU/yr: 🥇🇰🇷=$1.4k 🥈🇺🇸=$1.4k 🥉🇬🇧=$1.3k aint waiting
e-commerce readiness index 2019: #1🇳🇱...#5🇬🇧...#13🇺🇸...#19🇰🇷 volume 2 of 7

• China 2019: $1.5t online sales, 25% of retail sales, 80% mobile
vs USA: $0.6t online sales, 13% of retail sales, 32% mobile

• $38b GMV Alibaba Singles Day: $1b→68sec, $13b→1hr, 90% mobile
USA: $9.4b Cyber Monday + $7.4b Black Friday = $16.8b = 44% Alibaba pgs 27-31

• Apple App Store: $55b/yr rev, $100 in-app spending per active iPhone yes!!! we're all in
Google Play: $29b/yr rev, $30 in-app spending per active device

• WhatsApp for Business adds catalogues to enable mobile commerce

• USA e-commerce is still in its infancy: still day one
Domino’s Pizza AOV: $18→$30 w/ online ordering, stock 50x in 10yrs
Target: 3.2k in-house software engineers, $0.6b acq of Shipt (2017)
Walmart: 1.6k stores w/ grocery delivery, new Walmart+ membership

• 44m use food deliv apps (USA 2019): ~26%≈DoorDash≈Grubhub≈UberEats covid

• $300b+ digital ad industry (68% mobile), USA: Google/Facebook @ 61% waiting to happen

• $72b spent on the lottery (USA 2017), $220/yr/adult

• Amazon marketplace sellers mislabel: FDA approved, UL certified, ...

• 40% Scotch whisky "not as old as ad", scientists determined true age

• police raids Porsche's offices again → evidence for Dieselgate
11m VW cars exceeded pollution limits + deceived emissions tests

• Swiss firm Crypto AG covertly owned by CIA + West German intel READ, fascinating
8 decades selling encryption devices to "communicate—secretly"

• fines for sharing user's data: $91m T-Mobile, $57m AT&T, $48m Verizon

• 85% of global email messages = spam. 45% of USA mobile calls = spam classic

• black PR disinformation services create/spread false content no shit
use: automation, fake accounts, AI, manual labor

• 15% of USA men 50-64yrs → dye their hair, 50%+ of USA women >25yrs hairless sapiens
40% of those → blonde. Naturally genetic blonde rate: ~2%

• 36m users and 20k surgeons on plastic surgery app GengMei
China catching up USA in total cosmetic procedures performed

• KIDS Act regulate apps design, ads, and harmful content for <16yrs good report

• reproducible research = paper + full source code + data to recreate re ToS

• end of ads: BInsider, The Information, Politico turned profits in 2019
NYT digital-only subs from $15/mo → $17/mo, first time since 2011

• 2010: 9 in 10 USA homes were pay-tv subs, but NPS score < 0

• 2019: 3 in 4 USA homes subs to streaming video on demand metrics

• 2020E $ for originals: $17b NTFX, $6b AMZN≈AAPL, $3b HBO≈DIS, $1b FB
USA cord-cutting growing faster than e-commerce (2018 surpassed) pg 38, also the entire ppt

• Netflix (Oscars=8 Emmys=43): 168m paid subs, #4 non-game app by rev NTFX 101
original shows+movies outperformed licensed content in 2019
USA subs price $9/mo, now in India $3/mo → aiming for 100m subs

• 2019 USA box office: 🥇Disney=40% 🥈Warner=16% 🥉Universal=15% ouch

• 29m subs Disney+ (live Nov-12), $7/mo or $13/mo w/ ESPN+ Hulu
catalog: Disney/Pixar/Marvel/StarWars/NatGeo
30m downloads, #1 app USA Q4 2019 (2x TikTok), #2 global pgs 51-55
86m ESPN cable → 7m ESPN+ @ $5/mo. Hulu: 30m USA subs
Disney-owned Hotstar🇮🇳: 400m subs, 6m paying, library≈Netlflix

• Amazon (Oscars=3 Emmys=15): #1 title library > 3x Netflix, > 4x Hulu
38m/mo active viewers on Twitch #1 live-stream platform the war for “live”

• Apple TV+ live in 100 markets: 🇺🇸$5/mo, 🇬🇧£5/mo, 🇪🇺€5/mo
original "The Morning Show" wins first Screen Actor's Guild award
5yr deal w/ R.Plepler (HBO) → original series/movies/documentaries

• 140m HBO subs, 8m HBO Now subs (USA). AT&T TV launches in 15 markets

• 2m YouTube TV subs, $50/mo cable-free live TV from 70 networks kids