Wall Street loves innovation in the abstract and the fruits of innovation, just not the actual process required for it to happen
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Bold call. I think it can print a lot of money off of its cultural reputation and the high switching costs for users. I get that it doesn't feel like the brand of the future anymore, but sometimes cash flows are enough.
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To be fair its lack of future growth is being priced in, but sad to see it just become a rent seeker. We’ll watch its fall from grace, which will take a long time.
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I dunno, companies with that much money have A LOT of time to turn things around.
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Saw a headline yesterday that their sales were “better than feared”. Now there’s a phrase that bodes well.pic.twitter.com/O7JoPZvGyZ
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They’ve never invested more though. I worry about that too, yet the numbers keep going up
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i’m here for all the Austen Allred stock picks!
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Are you shorting then? Or is this convictionless?
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