Data-driven views and opinions on platform/network effect businesses
Platform | Substack | Pricing | Only free issues | Publishes | Weekly |
---|---|---|---|---|---|
Issues | 26 | Subscribers | Read | platformaeronaut.com |
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Bill Gurley and Brad Gerstner had legendary Priceline/Booking CFO Bob Mylod onto the BG2 Pod last week and did an hour long deep-dive into stock-based compensation. They covered the history of SBC in the late 90s, FAS 123, the switch to usi...
We’ve seen a decent rally in global travel and leisure since my previous update in November where EV/EBITDA multiples were down to 8.0x. As of today we’re at 9.3x EV/EBITDA which is back above the median excluding covid of 8.9x on the back ...
In the UAL Q4 Earnings call, CFO Mike Leskinen had a comment about United MileagePlus program:
Brad Gerstner and Bill Gurley have been experimenting with Jason Calacanis on a new podcast (as of now called BG²). Their second episode features Uber CEO Dara Khosrowshahi and there were a few interesting takeaways.
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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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