Technology

The big problem with Amazon is valuation. It's hard to justify paying 90x this quarter's earnings for a company that is as mature as Amazon is, irrespective of the top-line growth.

Daily newsletter post with thughts on the latest GDP numbers, a US-EU trade deal and the earnings numbers coming from social media companies

China just torpedoed a major global deal between two non-Chinese chipmakers. It is a signal of China's market power. Some thoughts below

Economic news yesterday was dominated by the Facebook revenue warning and an EU-US trade summit in Washington.

The threat of technology is most acute in the TMT spaces because these are pure information industries where the Internet upends incumbent business models. So it is interesting to see how well the sector is doing during earnings season. In…

A new study just released by eMarketer projects that US cable companies will 33 million customers this year, up from a loss of 24.9 million a year ago.

The Internet is a destroyer of margins for incumbent business models based on an analogue world. Here's why.

The Amazon analogy I made last month really makes sense when talking about Tesla because we are nearing the end of this cycle. Now is the time to worry about cash flow because the potential for a sudden funding halt is increasing. Amazon's…

For disruption, data size matters. It matters in terms of data transfer and media streaming speeds. And it also matters in terms of storage capacity. 

People have a bias toward belief. And in the virtual world where the Internet dominates news sources, this has big consequences.