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There are countless examples these days of the unhinged insanity in the stock market, but I’d like to present one in particular: Bumble. Here is their entire business model:
That’s it. Basically it’s like Tinder, except women make the first move. End of story.
So how big a moat is that? I mean, anyone could come along and create a hook-up app where they require the man, the woman, the hippopotamus, or whomever else is the targeted carnal companion, to make the first move.
(more…)I’ve been saying that the inexplicable euphoria around airlines had likely exhausted itself. The simple fact is that business travel is going to be crushed for years to come (too many habits have changed). United reported last night, and they’re falling hard:
The molly-coddled, wet-nursed bulls who can’t take one iota of pain and demand a government bailout at the slightest loss are running around in a panic this morning, as they can’t understand their their stonks aren’t going up all the time like mommy promised.
