TaskUs has a growing AI services business but the market doesn't buy it, literally.
Beachbody shrank from $873M to $252M, but has recently engineered its first profit since going public.
Nobody shops on price. They call whoever can get it there fastest. That's the dynamic that allows Applied Industrial Technologies to achieve a 30% gross margin in a distribution business.
This company stopped being simply a vendor and became embedded infrastructure
100,000+ pool pros can't stock the parts they need. POOL holds them, ships them, and makes 30% gross margins for doing so.
18 million members, $9.99 a month, and 2-3x the order frequency. The membership is the asset.
A $5B profit became a $4B loss in 12 months after a well-funded competitor decided to put a bullseye on this Chinese local services super-app.
JD.com hired 120,000 full-time delivery riders in one year. Why?
From $221M of net debt to $99M in net cash in three years. Plus, a look at my new venture.
Purple mattresses. From a $1.1B SPAC valuation to a $45M market cap. Ouch.
Today, I'm looking at a fun bet playing out in realtime. A "boring" database giant that turned into one of AI's most aggressive landlords
I'm taking this newsletter in a new direction, at least temporarily. I'm working on a new project called Fullstack Ag, and I'm going to use this newsletter to profile that project and share my learnings with you.
