Platform Aeronaut
Thomas ReinerData-driven deep dives on travel, delivery, marketplaces, and enterprise software from unit economics to dilution. Plus how agentic AI reshapes distribution, loyalty, and advertising moats.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 55 | Subscribers | Read | platformaeronaut.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
AI Direct Hotel Booking: How CRS and PMS Vendors Become the New Gatekeepers
We’re approaching the first real rewrite of hotel distribution since the OTA boom of the 2000s. AI agents don’t browse websites, they transact. And the systems best positioned to serve them are the ones long ignored because they lived below...
Why Does Dilution Matter? + Charts on ABNB, PINS, SNAP & Infra Software | PA Dispatch No. 7
In a market increasingly focused on next quarter and momentum it’s easy to ignore dilution. Calculating it also can be a big hand-wavy and there’s several ways to do so. But why does it matter? To simplify it to the extreme assume you have ...
Tech Dilution Through Q3: Discipline Cracks at Big Tech
Dilution among public tech companies has seen some bifurcation. The large cap tech companies have started to see increased dilution, some of this is timing related, some of this is incremental grants from the mega caps like Meta for AI engi...
Experience & Mobility Platform Incremental Margins & Earnings | PA Dispatch No. 6
## Incremental Margins
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Authors
The writers behind this newsletter.
Partner at Altimeter Capital, Northeastern alum, curious on all things gaming, travel and leisure. Views are my own, no investment advice. Amateur astronomer
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