Preference
Edition #404 On why some investors get a preference, Yeti & Vox and Substack spam. Back after a bit of a break. Last week Vice filed for bankruptcy. There’s been a bit of unpacking what happened. A lot of the reasons can be explained by bad capital allocation, but that’s a little too easy. Last year they did over $600m in revenue, so why has the music stopped now? It seems Vice are unable to make their… Continue reading