Rolfe WinklerVerified account

@RolfeWinkler

Covering tech for WSJ. rolfe dot winkler at wsj dot com. Signal for secure messages: 847-380-0751. Anonymous document share via

Joined January 2009
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  1. Retweeted
    8 hours ago

    Ordering 1M terminals at $2400 each and selling them at $499 poses one overarching question for other satellite companies: Can SpaceX stay irrational for longer than you can stay solvent?

    Aaaand here we are:
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    18 replies 12 retweets 90 likes
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  2. Retweeted
    Nov 23

    Odd news of the day: Apple's head of security indicted for allegedly trying to bribe the local sheriff's office with 200 iPads in exchange for concealed carry gun permits for his employes. He denies the charges.

    9 retweets 11 likes
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  3. Retweeted
    Nov 20

    Apple tried to water down the Uyghur Forced Labor Prevention Act, which would hold companies accountable for slave labor in their supply chains

    12 replies 74 retweets 84 likes
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  4. Retweeted
    Nov 19

    Airbnb ownership Sequoia 13% Brian 12% Nate 11% Joe 11% Founders Fund 4% Greylock 3.5% a16z 3% DST 2.3% YC 2.2% T Rowe 1% General Atlantic 1%

    15 replies 75 retweets 958 likes
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  5. Retweeted
    Nov 19

    SCOOP: BuzzFeed is buying HuffPost in an stock deal with Verizon Media. w/

    37 replies 428 retweets 502 likes
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  6. Retweeted
    Nov 19

    Top campaign aides on a call last week laid out a path for how the legal effort could reverse calls in some states. Since then, some aides feel the strategy has lost what little focus it had. “It’s starting to get a little embarrassing.” w/

    279 replies 422 retweets 1,619 likes
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  7. Retweeted
    Nov 17

    Just got this prompt from Facebook...

    118 replies 571 retweets 4,601 likes
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  8. Nov 16

    What was the last unicorn that had three full years of positive free cash flow heading into its IPO?

    6 replies 2 retweets 4 likes
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  9. Nov 16

    Flip side of this is that the marketing dollars spent pre-Covid don't seem to have generated big returns?

    Airbnb v. Booking on marketing costs. Booking's marketing cost down 50% YoY in Q3 and sales off 50%. Airbnb "advertising" down 74%, but revenue off only 18%. Related stat: Airbnb said 93% of traffic "direct and unpaid" in Q3. Differentiated product->much lower google tax.
    1 like
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  10. Nov 16

    Did they sell some?

    I thought Andreessen Horowitz would have a much more substantial stake in Airbnb. Ownership doesn't even seem to be disclosed. Again Sequoia dominates followed by Founders Fund.
    1 reply
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  11. Nov 16

    Airbnb v. Booking on marketing costs. Booking's marketing cost down 50% YoY in Q3 and sales off 50%. Airbnb "advertising" down 74%, but revenue off only 18%. Related stat: Airbnb said 93% of traffic "direct and unpaid" in Q3. Differentiated product->much lower google tax.

    2 replies 3 retweets 14 likes
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  12. Nov 13

    We noted the loan in July:

    1 like
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  13. Nov 13

    . IPO filing discloses $6.3m PPP loan received in May. Apr 30 balance sheet listed cash of $245m, no debt. Loan gets its own risk factor, which flags possible civil or criminal penalties if loan later determined to be improper. They note 5 times in S-1 that they repaid it.

    1 reply 1 retweet 6 likes
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  14. Nov 13

    Venture capitalists subsidize losses till PortCos can spin their own flywheel.

    1 reply 2 likes
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  15. Nov 13

    Numbers for DoorDash (and soon Instacart?) look better while suburbanites forced by pandemic to pay for convenience. Question for investors is how many stick around.

    2 likes
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  16. Nov 13

    DoorDash bailed out by Covid? Seems Softbank was subsidizing each order till the restaurants took over because they desperately needed volume.

    3 replies 5 likes
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  17. Retweeted
    Nov 13

    Have you adjusted to all this adjusting yet? Is "adjusted EBITDA" redundant since it's adjusting what was already an adjustment? Should the Department of Redundancy Department be contacted?

    2 replies 1 retweet 4 likes
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  18. Nov 13

    So what happens when things get back to normal post vaccine?

    Wow! the pandemic has been amazingly good for DoorDash. Look at the first nine months of this year vs last. 2019 $587M revenue ($533M) net loss 2020 $1.9B revenue ($149M) net loss
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    3 replies 2 likes
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  19. Nov 12

    They don't tell you that after you get your toddler into good music, he'll insist on playing it 8 hours a day and drive the family nuts.

    3 replies 1 retweet 18 likes
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  20. Nov 12

    TikTok's strategy -- delay, delay, delay -- continues to work in its favor.

    Breaking: A TikTok shutdown today was averted as the Commerce Department said it won't enforce its own order, pending further litigation
    1 retweet 2 likes
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