Tech Business
How Reddit Makes Money (and the AI Data Deals)
The Reddit business model runs on ads plus AI data licensing. See how a $2.2B ad engine and AI data deals reprice the whole company, read through its filings.
#advertising
6 articles
Tech Business
How Uber Makes Money After Years of Losses
The Uber business model and profitability, read through its filings: a 26.9% take rate on $193B bookings, $9.8B free cash flow, and the take-rate ceiling.
Tech Business
Netflix vs YouTube: The Real Competition
Netflix vs YouTube competition in television advertising streaming: who wins the living-room screen and the ad dollar, read through both companies' filings.
Tech Business
Netflix Ad-Supported Tier: Why It Changes Everything
The Netflix ad-supported tier isn't a discount: it's a margin-and-TAM play adding a second revenue stream per member. Read Netflix's own filings.
Market Maps
Amazon Prime and the Subscription Flywheel
The Amazon Prime subscription flywheel: how a $49.6B fee buys frequency that monetizes through seller fees and ads, read through Amazon's filings.
IPO & M&A
Meta's Open-Source AI Strategy Explained
Meta's open-source AI strategy commoditizes the model layer, funded by a ~$200B ad engine. The full play, read through Meta's own SEC filings.