Insightful interview with a Digital Ad Expert and what he is seeing with advertisers, specifically on $META: 1. In general, he hears from CMOs that they are missing their plans but are not cutting their marketing budgets. He sees weakness in the travel and leisure vertical

Former $AMZN employee shares his view on the company: - In his view $AMZN right now is focused on increasing margins. He thinks AI will play a big part in it. It is also telling that Prime Video went from being a loss leader to being a profit center and one of the primary

AI industry expert shares his view on the industry (OpenAI, Anthropic, $META, $GOOGL): - He thinks Anthropic is in a more difficult position than OpenAI because he believes that 60-75% of their revenue is from third-party API sales, mostly from AWS ( $AMZN). On the other hand,

Thoughts on a recent CRM integration $META is rolling out, according to an ad expert we heard from: - The upgrade links an advertiser's CRM platform with META in an "always on" mode. What this means that instead of a manual upload of CRM data, which is what existed between

Some really interesting comments that caught my eye from a Former $META AI Researcher on how the culture is right now at $META when it comes to AI development: 1. In 2022, researchers were flocking away from $META when the stock hit rock bottom. However, the decision to invest

Results from Wedbush's Q3 digital ad survey. Close to half of all respondents expect a 10%+ increase in their 2025 digital ad spend, with more than a quarter expecting a 15%+ increase. $GOOG $META $AMZN $PINS $TTD

Some really insightful data on Q3 $META from a digital ad agency/partner: 1. His client's Q3 spend on both $META and $GOOGL is bigger than expected. The reason is that both companies are getting better at AI. 2. For $META specific, he mentions $META's mid-quarter rollout of the

Former $MSFT employee shares his view on the cloud industry and AWS: - He thinks $AMZN's AWS is the leader in cloud infrastructure but not necessarily the leader in the platform as a service or software as a service aspect compared to some competitors. - According to him, the

$AMZN Advertising - ADVERTISING REV TRENDS - CHANNEL CHECK 1 One senior executive at a large digital ad agency stated that their client's aggregate ad spending on AMZN rose by 13% y/y in 1Q24, driven by new Prime Video CTV ad units introduced by AMZN as of 1/29/24, and

Hey everyone! I have a new post covering my thoughts on: $AMZN, $GOOGL, $META, AI Capex, Big Tech outperformance, uncertainty vs. risk, small cap returns, and value creation. Big Tech: Myths and Mistakes, by Tyler Pharris (Always Learning, Always Growing) open.substack.com/pub/alwayslear…

Charlie Munger's Principles H/t - Ragavendhra perumall

Josh Tarasoff on what makes him different from other "traditional" value investors. This stuff is pure gold.

AMERICA'S SUPERPOWER, by @ehl2k open.substack.com/pub/tedlamade/…

Third-party contact worked at $GOOGL search for 2 years through 6/22. Previously at Bing. He was pretty positive on Google’s core franchise w/ the view that there is plenty of runway for growth in search via optimizations, and that AI grows the overall search pie. Highlights

Former $META employee shares his view on the company and the industry: - According to him, the more efficient you are as an advertiser on the upper funnel, the more awareness you have and the more efficient your bottom funnel will be. If you are a new brand, you have to do a lot