(LINK) With Uber’s I.P.O., Dara Khosrowshahi Is Taking Travis Kalanick’s Company Public – The New York Times

With Uber’s I.P.O., Dara Khosrowshahi Is Taking Travis Kalanick’s Company Public – The New York Times

What a mess.

I wonder how the IPO will do long term. I personally think not well but who knows.

The politics in this one are amazing though.

Can’t wait for the Mike Isaac book.

(PDF) USA Facts 2019 Annual Report

https://static.usafacts.org/public/annual-report/2019/USAFacts_2019_Annual_Report.pdf

Super interesting and some fun facts in there.

Best to dig in – they highlight the big stuff at the beginning.

I love their intro:

If you’re looking to gain insight on our government
by the numbers, look no further. In this year’s annual
report, we’ve summarized the most recent data on
population trends, government finances, and
outcomes related to government activities. USAFacts
is a not-for-profit, non-partisan resource built for
interested people like you. Red or blue, left or right,
or anywhere in between, it doesn’t matter. We believe
understanding the numbers is the cornerstone to a
healthy and productive democracy. Our goal is to help
inform active citizenship and fact-based debate.

Walmart International spent $16 billion to go big in India. CEO Judith McKenna has to make it work – CNN

Walmart International spent $16 billion to go big in India. CEO Judith McKenna has to make it work – CNN

Was talking to a friend about India and VC – one thing we all agree on is that the monster exit of Flipkart has done wonders for the scene. Lots of people made money and it is going to new firms and new startups which helps to compete with the old guard. More foreign funds will pay attention now knowing exits can and will happen.

However – making investors, founders and employees rich has nothing to do with Walmart turning Flipkart into a money machine.

On this part -I think they will struggle long-term against Amazon.

Get the popcorn.

Elizabeth Warren Wants To Break Up Amazon, Google And Facebook; But Does Her Plan Make Any Sense? | Techdirt

The whole thing is a good read. I don’t have the answers but I think competing with these big companies gets harder and harder with each passing year. That’s a problem – maybe breaking them up would help but I think the process to do so is too convoluted and costly.

I think fighting anti-competitive behaviour has to be the first line of attack and even on the record America isn’t doing well at all.

Elizabeth Warren Wants To Break Up Amazon, Google And Facebook; But Does Her Plan Make Any Sense? | Techdirt:

And, again, none of this is to say we shouldn’t be concerned about big internet companies with too much power. It’s a perfectly reasonable concern, but just because you want to “do something” and “this is something,” doesn’t mean that it’s the something we should do. The way to attack the positions of these big internet companies is to enable more competition — and you do that by encouraging alternatives in the marketplace. This is why I’m actually hopeful that some of these companies will actually start to explore an idea of moving to protocols, rather than owning the whole platform themselves, or that we’ll see new protocols springing up.

Meanwhile, if Warren were truly concerned about “monopolies” and a lack of competition, why isn’t her plan looking at the lack of competition in the broadband and mobile markets — cases where we have legitimate competition problems due to bad regulatory policies going back decades?