Join 📚 Edwin's Highlights
A batch of the best highlights from what Edwin's read, .
Competition isn’t just about the grind, it’s about grinding for results. It’s about doing work that actually works. Everyone talks about the grind, grinding it out, keep grinding. Well, you can grind and grind and grind, and what’s left at the end? Dust. Grinding deforms, it obliterates. Excellence is about sculpting, creating something magnificent that wasn’t there before by artfully changing its shape and form. When you sculpt, you strategically remove the parts you don’t need, the elements that get in the way. It’s the equivalent of not just working hard but working smart.
If you were being generous, you might assume it was running the Amazon strategy of never being profitable while simultaneously being cash flow-positive. Cute, but wrong. The company has produced -$870M in free cash flow since its IPO. It has only been cash flow-positive in 2021 and 2022, with 2023 being net down $16M.
Snap’s Probably Screwed
every.to
Second, none of this impacts the ongoing federal investigations that are underway from the FTC and the DOJ. Lots more to come on those likely.
Everything You Need to K...
@skupor on Twitter
...catch up on these, and many more highlights
Readwise