Winner Take All Podcast

Alex starts the show by digging into some new statistics on live streaming giant Twitch. He talks about new Amazon CEO Andy Jassy's role in acquiring the platform and explains why Twitch is a clear winner in the streaming space. Next, a look at Elon Musk buying $1.5 billion worth of bitcoin! Is this a risky and irresponsible business move for Tesla or a genius alternative investment? The second half of the show covers the business of content moderation and looks into a Chinese SDK that new unicorn startup Clubhouse is built on. Originally Aired: 02/11/21 #Twitch #ContentModeration #Clubhouse — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Alt Coins 2021: Peter Saddington breaks down his tweet saying bitcoin trading for over $50,000 "ain't nuthin yet" and goes on to break down why he thinks some alternative cryptocurrencies will be the next to rise. Peter explains some of his favorite alt coin picks for 2021 to Applico CEO Alex Moazed including Dogecoin, Helium Token, Algorand, and Icon. Watch our full interview with Peter Saddington here: https://youtu.be/PBJ24d3VPfc Originally Aired: 02/17/21 #AltCoins #Bitcoin #Crypto — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF. Alt Coins 2021

Roblox Listing Date: Eager investors waiting for online gaming platform Roblox to go public on the New York Stock Exchange will seemingly have to wait an additional month after the company announced revisions to their revenue numbers and increased SEC scrutiny into its method of recognizing revenue through its digital currency. Alex talks about the much anticipated direct listing by Roblox and digs into the reasoning behind Roblox's change to revenue numbers. Originally Aired: 02/19/21 #IPO #RobloxIPO #DirectListing — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF. Roblox Listing Date

Serial entrepreneur Peter Saddington joins us on Winner Take All to discuss the current bitcoin bull market, his new IoT project Emrit, and content platform censorship. Peter created a $10M venture capital fund to invest in blockchain and IoT, has founded 4 startups, and authored multiple books on Scrum, Agile, and Personal Branding. Peter has had multiple large channels censored by YouTube and discusses with Applico CEO Alex Moazed how he sees free speech being suppressed on content platforms. Saddington also lists some of his favorite alt coins for 2021, shares what impacts he thinks decentralized finance can have on the the planet, and recounts buying the first bitcoin Lamborghini for $115. Check out Peter’s project Emrit at https://emrit.io/ Originally Aired: 02/17/21 #Entrepreneur #BitcoinVC #HARDWAREDROP — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Security researchers at the Stanford Internet Observatory have raised concerns over new tech unicorn Clubhouse's security practices and links to Chinese startup Agora's SDK. Co-founders of Clubhouse, Paul Davison and Rohan Seth, have reportedly said in conversations on the app that they use Agora though Clubhouse does not publicly reveal its affiliation with the Chinese tech startup. Alex discusses the reports looking at Clubhouse's use of Agora and explains why he wouldn't trust any company subject to China's internet regulatory regime. Originally Aired: 02/11/21 #SocialMedia #Agora #Clubhouse Clubhouse Mania Drove $6 Billion to This Loss-Making Chinese Startup: https://www.bloomberg.com/news/articles/2021-02-11/clubhouse-mania-drove-6-billion-to-this-chinese-company Clubhouse says it will improve security after researchers raise China spying concerns: https://www.theverge.com/2021/2/14/22282772/clubhouse-improve-security-stanford-researchers-china-security — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Tesla Buys Bitcoin: Tesla CEO Elon Musk announced Monday that the company had invested $1.5 billion in bitcoin with plans to start accepting the leading cryptocurrency as payment for automobiles and other Tesla products in the near future. Alex discusses Tesla large investment into bitcoin, the current inflated prices of the stock market, and a discussion he had two years ago with a Federal Reserve board member about how the CPI is inaccurate. Originally Aired: 02/11/21 #Auto #ElonMusk #TeslaBTC — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF. Tesla Buys Bitcoin

Twitch Growth: While platform wars rage on in areas like food delivery, grocery, and luxury fashion, one seemingly decided platform winner is Twitch with livestreaming. Alex digs into the latest data on Twitch's domination of the livestreaming market which has seen strong gains from the stay-at-home economy. He also looks back on how Google almost purchased Twitch before upcoming 2021 Amazon CEO Andy Jassy secured the $970 million deal for Amazon. Originally Aired: 02/11/21 #SocialMedia #LiveStreaming #Twitch Twitch is the undisputed champion of video game streaming: https://qz.com/1966986/twitch-owned-by-amazon-is-the-dominant-force-in-live-streaming/ — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Twitter Acquires Revue: Twitter has announced an acquisition of Revue, a Netherlands based email newsletter service with six employees. Twitter had previously been in talks to acquire the leading newsletter platform, Substack (valued at $48.7 million in 2019 during its $19 million Series A), but the deal seems to have fizzled out with Substack co-founder Hamish McKenzie going as far as to tweet "This is not going to happen". Alex discusses the acquisition of Revue by Twitter and breaks down why he feels Twitter's execution is mediocre despite him liking the overall strategics of this deal. This is an excerpt from episode 140 of Winner Take All. Watch the full episode here: https://youtu.be/YOydkylnA94 Originally Aired: 01/28/21 #Revue #Substack #Twitter Twitter Acquires Revue, a Newsletter Company: https://www.nytimes.com/2021/01/26/technology/twitter-revue-newsletter.html — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF. Twitter Acquires Revue

News Media Bargaining Code: As the Australian News Media and Digital Platforms Mandatory Bargaining Code, a statute that would require Google and other digital platforms to pay for news, progresses towards passing into law, Google has stepped up their opposition to the bill, going as far as to threaten to abandon its operations in the country. Alex breaks down the Australian bill and deduces that Google is bluffing in its threats to leave the country of Australia and cede the 25+ million person market to a competitor willing to adhere to the new bargaining code. He goes on to break down why, now that Google has made this threat, it would actually be best for them to go through with leaving the market to deter other countries from drafting similar legislation. Treasury Laws Amendment (News Media and Digital Platforms Mandatory Bargaining Code) Bill 2020: https://parlinfo.aph.gov.au/parlInfo/download/legislation/bills/r6652_first-reps/toc_pdf/20177b01.pdf;fileType=application%2Fpdf This is an excerpt from episode XX of Winner Take All. Watch the full episode here: Originally Aired: 01/26/21 #Regulation #TechRegulation #NewsMediaBargaining — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Clubhouse, an invitation-only audio-chat social networking app, has announced a $100 million series B raise led by Andreessen Horowitz at a $1 billion post-money valuation. Alex discusses Clubhouse's quick exclusivity fueled growth and predicts that tech monopoly players in the content space will attempt to brand Clubhouse as a platform lacking moderation tools and unable to curb offensive content. This is an excerpt from episode 139 of Winner Take All. Watch the full episode here: Originally Aired: xx/xx/21 #SocialMedia #ClubHouse #VentureCapital — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

The show kicks off with a look into the DOJ canceling Visa's $5.3 billion deal to acquire fintech giant Plaid. Next, Alex details Instacart layoffs that included a group of employees who voted to unionize and Google's threat to leave Australia after proposed link tax legislation on news articles. Also covered, Twitter banning a Chinese embassy account, Clubhouse reaching a $1 billion unicorn valuation, and eCommerce legend Marc Lore leaving Walmart. 00:00 - Subscribe for Tech & Business News Daily 00:13 - Plaid Visa Deal Blocked! 💳 05:15 - Instacart Union 09:32 - Google vs Australia 🇦🇺 17:23 - Twitter Locks Out Chinese Embassy 25:06 - Clubhouse Unicorn Status 🦄 29:36 - Marc Lore Leaving Walmart Originally Aired: 01/26/21 #Plaid #Instacart #Clubhouse — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Alex opens the show looking at the retail investor uprising sparked by members of Reddit forum WallStreetBets. He discusses GameStop stock's meteoric 1600% increase and what he thinks are illegal acts of censorship from stock brokerages like Robinhood and platform including Reddit and Discord. Next, coverage of Twitter buying newsletter company Revue. The show closes with a look at supply relations between the U.S. and China. 00:00 - Subscribe for Tech & Business News Daily 00:18 - GameStop 18:19 - Twitter Buys Revue 22:52 - China U.S. Supply Relations Originally Aired: 01/28/21 #WallStreetBets #Trade #Revue — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Uber has announced a $1.2 billion stock and cash deal to acquire on-demand alcohol marketplace Drizly. Alex details Ubers platform conglomerate model, Drizly's impressive growth throughout the COVID pandemic, and why he thinks this deal reached $1.2 billion. He also details some of the differences between Uber Eat's take rate model and the monthly fee model used by Drizly (a model which allows Drizly to operate without a liquor license). Originally Aired: 02/04/21 #Food #Drizly #Uber PRESS RELEASE: SAN FRANCISCO & BOSTON--(BUSINESS WIRE)-- Uber Technologies, Inc. (NYSE: UBER) and Drizly today announced that they have reached an agreement for Uber to acquire Drizly for approximately $1.1 billion in stock and cash. Drizly is the leading on-demand alcohol marketplace in the United States, available and designed to be fully compliant with local regulations in more than 1,400 cities across a majority of US states. Drizly works with thousands of local merchants to provide consumers with an incredible selection of beer, wine, and spirits with competitive, transparent pricing. After the completion of the transaction, Drizly will become a wholly owned subsidiary of Uber. Drizly’s marketplace will eventually be integrated with the Uber Eats app, while also maintaining a separate Drizly app. Drizly plans to innovate and expand independently in its fast-growing and competitive sector, while also gaining access to the advanced mobile marketplace technologies of the world’s largest food delivery and ridesharing platform. Merchants on Drizly will be able to benefit from Uber’s best-in-class routing technology and significant consumer base. Delivery drivers will have even more ways to earn. And Uber’s rewards and subscription programs will be able to deliver even greater value to consumers with new benefits and perks on Drizly. “Wherever you want to go and whatever you need to get, our goal at Uber is to make people’s lives a little bit easier. That’s why we’ve been branching into new categories like groceries, prescriptions and, now, alcohol. Cory and his amazing team have built Drizly into an incredible success story, profitably growing gross bookings more than 300 percent year-over-year. By bringing Drizly into the Uber family, we can accelerate that trajectory by exposing Drizly to the Uber audience and expanding its geographic presence into our global footprint in the years ahead,” said Uber CEO Dara Khosrowshahi. “Drizly has spent the last 8 years building the infrastructure, technology, and partnerships to bring the consumer a shopping experience they deserve. It’s a proud day for the Drizly team as we recognize what we’ve accomplished to date but also with the humility that much remains to be done to fulfill our vision. With this in mind, we are thrilled to join a world-class Uber team whose platform will accelerate Drizly on its mission to be there when it matters—committed to life’s moments and the people who create them,” said Drizly co-founder and CEO Cory Rellas. Uber currently anticipates that more than 90 percent of the consideration to be paid to the Drizly stockholders in the transaction will consist of shares of Uber common stock, with the balance to be paid in cash. The acquisition is subject to regulatory approval and other customary closing conditions and is expected to close within the first half of 2021. About Uber Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities. About Drizly Drizly is North America's largest e-commerce alcohol marketplace and the best way to shop beer, wine, and spirits. With the speed and convenience of on-demand or scheduled delivery, Drizly partners with retailers in 1,400+ cities to offer consumers of legal drinking age unrivaled selection and a transparent, personalized shopping experience. As the industry leader, Drizly partners with retailers to bring their shelves online, helping them to reach new customers, tap into key market and customer insights, and diversify their business to grow sales. — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Robinhood Restricts Trading: Applico CEO Alex Moazed joins Fox Business's Mornings With Maria to discuss Robinhood CEO Vlad Tenev blaming the DTCC (Depository Trust & Clearing Corporation) for the trading restrictions imposed on Robinhood app users, the Reddit + WallStreetBets fueled market volatility, and big tech censoring discussion on popular meme stocks like GameStop ($GME) and AMC Entertainment Holdings Inc ($AMC). Moazed also discusses Jeff Bezos stepping down as Amazon CEO and Andy Jassy, the chief executive of Amazon Web Services, taking over. Originally Aired: 02/04/21 #StockMarket #RobinhoodLawsuit #WallStreetBets — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

The show kicks off with a look at dating platform Bumble filing for IPO. Alex looks at Bumble's S-1 and compares the Blackstone owned dating app with its biggest competitor, IAC/Match Group owned Tinder. Next, Alex breaks down if he's still bullish on Roblox now that its valuation has ballooned from $8 billion to almost $30 billion. The second half of the episode covers data on the number of new Amazon sellers from China and looks at how tech monopolies may be using moderation and censorship as a competitive moat. 00:00 - Subscribe for Tech & Business News Daily 01:03 - Bumble IPO 14:09 - Roblox Updated Valuation 24:38 - Chinese Amazon Sellers 27:43 - Cost of Censorship Originally Aired: 01/22/21 #BumbleIPO #RobloxIPO #OnlineCensorship — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Alex discusses China's overzealous money printing with famed economist and currency geopolitics expert Jim Rickards. Rickards recounts vising "ghost cities" in China and breaks down why he doesn't see the Chinese Yuan (AKA the renminbi) ever becoming a reserve currency. See our full interview with Jim Rickards here: https://youtu.be/y2VMxWcek4s Originally Aired: 01/15/20 #Forex #Currency #JimRickards — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Amazon CEO Jeff Bezos Steps Down: Applico CEO Alex Moazed joins Bloomberg TV's Daybreak: Australia to discuss Amazon CEO Jeff Bezos stepping down as CEO of Amazon. Jeff Bezos will transition to executive chairman of Amazon’s board and AWS executive Andy Jassy will be taking over as CEO. Alex discusses Jeff Bezos Stepping down, the continued success of Amazon's cloud computing service AWS, recent retail stock buying from WallStreetBets forum members, Google threatening to leave Australia, and the increase in new Amazon sellers based out of China. Originally Aired: 02/02/21 #BloombergTV #AmazonCEO #JeffBezos — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Visa Plaid Acquisition: Visa has announced it will no longer be making a $5.3 billion acquisition of Plaid after the U.S. DOJ filed a civil antitrust lawsuit on Nov. 5, 2020, to stop the merger. The DOJ alleges that Visa is a monopolist in online debit, charging consumers and merchants billions of dollars in fees each year to process online payments. Plaid is developing a payments system that would challenge Visa’s monopoly. According to the complaint, the transaction would have enabled Visa to eliminate this competitive threat to its online debit business before Plaid has a chance to succeed. Alex discusses this move from Visa, Plaid's increased valuation since the inception of this deal, and explains why he's surprised Visa didn't push back against the DOJ's lawsuit more. Originally Aired: 01/26/21 #Visa #Plaid #Acquisition Visa and Plaid Abandon Merger After Antitrust Division’s Suit to Block: https://www.justice.gov/opa/pr/visa-and-plaid-abandon-merger-after-antitrust-division-s-suit-block — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF. Visa Plaid Acquisition

Jeff Bezos Steps Down: Jeff Bezos, Amazon Founder and CEO, has announced he will be stepping in Q3 and AWS executive Andy Jassy will be taking over as CEO. Jeff Bezos, who started then online bookstore Amazon in 1994, will transition to executive chairman of Amazon’s board. Alex discusses Bezos stepping down after building Amazon for 27 years and revels at Jeff's never ending drive to always be inventing, innovating, and pushing the limits on new business models. Moazed goes on to explain the importance of big tech succession moves fostering innovation and encourage risk taking while also keeping existing business operations running at peak levels. Here’s the full letter from Jeff Bezos to Amazon employees: Fellow Amazonians: I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence. This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, “What’s the internet?” Blessedly, I haven’t had to explain that in a long while. Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world. How did that happen? Invention. Invention is the root of our success. We’ve done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more. If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive. I don’t know of another company with an invention track record as good as Amazon’s, and I believe we are at our most inventive right now. I hope you are as proud of our inventiveness as I am. I think you should be. As Amazon became large, we decided to use our scale and scope to lead on important social issues. Two high-impact examples: our $15 minimum wage and the Climate Pledge. In both cases, we staked out leadership positions and then asked others to come along with us. In both cases, it’s working. Other large companies are coming our way. I hope you’re proud of that as well. I find my work meaningful and fun. I get to work with the smartest, most talented, most ingenious teammates. When times have been good, you’ve been humble. When times have been tough, you’ve been strong and supportive, and we’ve made each other laugh. It is a joy to work on this team. As much as I still tap dance into the office, I’m excited about this transition. Millions of customers depend on us for our services, and more than a million employees depend on us for their livelihoods. Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else. As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions. I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have. Amazon couldn’t be better positioned for the future. We are firing on all cylinders, just as the world needs us to. We have things in the pipeline that will continue to astonish. We serve individuals and enterprises, and we’ve pioneered two complete industries and a whole new class of devices. We are leaders in areas as varied as machine learning and logistics, and if an Amazonian’s idea requires yet another new institutional skill, we’re flexible enough and patient enough to learn it. Keep inventing, and don’t despair when at first the idea looks crazy. Remember to wander. Let curiosity be your compass. It remains Day 1. Jeff

WallStreetBets GameStop Censorship: GameStop stock has seen a meteoric 1600% increase in value after WallStreetBets subreddit members joined together to squeeze the overly shorted stock, causing hedge funds short $GME to lose almost $20 billion. In response to "market volatility", Robinhood and other brokerages have restricted transactions on GameStop and other securities popular with WallStreetBets members, a move that has garnered attention from the SEC and the UK’s Financial Conduct Authority. Alex discusses this censorship from Robinhood that's being seen as a blatant morally bankrupt siding with Wall Street's Elite, looks at Reddit's censorship of the WallStreetBets community, and plays back some clips of reactions from "SPAC-Man" Chamath Palihapitiya and Barstool Sports' Dave Portnoy AKA Davey Day Trader Global. Originally Aired: 01/28/21 #wallstreetbets #GameStop #Robinhood — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Poshmark IPO: Poshmark Inc. saw shares bubble as high as 141% during the secondhand clothing marketplace's NASDAQ debut. Shares of $POSH opened trading at $97.50 per share, significantly higher than where the company priced its IPO at $42. In a previous statement, Poshmark said it had expected to sell shares at between $35 and $39. Now trading in the $70 range, Alex takes a deep dive look at Poshmark's positioning against fashion marketplace contemporaries like Farfetch ($FTCH), StockX, and the Lithuanian online fashion platform Vinted. Moazed compares active users, current GMV multiples, the various ways we've seen fashion marketplaces position themselves, and which players are poised for market expansion. This is an excerpt from episode 137 of Winner Take All. Watch the full episode here: https://youtu.be/Xe-Qse4PAuI Originally Aired: 01/19/20 #PoshmarkIPO #FashionStocks #2021IPO — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF. Poshmark IPO

The show kicks off with a look at the newly public clothing marketplace Poshmark. Alex compares $POSH with other fashion centered marketplace platforms like Farfetch and breaks down whether or not he's bullish after a 140% price jump after its first day trading. Next, a look at manufacturers investing in marketplaces, inlcuding Richemont's acquisition of Watchfinder & Co. Alex closes the show with a look at messaging platform Telegram and continued coverage of censorship from platform monopolies. Originally Aired: 01/19/20 #PoshmarkIPO #Telegram #OnlineCensorship — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.

Bumble IPO: Bumble, an online dating platform in which only female users can make first contact in heterosexual matches, has confidentially filed an S-1 form with the SEC to hold its initial public offering of shares of Class A common stock of Bumble Inc.. Alex discusses the current winner take all dynamics at play in the dating platform competitive landscape. While IAC owned Tinder is the dominant dating platform, Moazed breaks down if Bumble is a viable competitor in the #2 spot and whether or not he's bullish on $BMBL at the reported valuation of between $6 billion and $8 billion. Read Bumble's S-1 Filing: https://www.sec.gov/Archives/edgar/data/1830043/000119312521009745/d20761ds1.htm Originally Aired: 01/22/20 #BumbleIPO #IPO #StockMarket — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF. Bumble IPO

Jim Rickards Gold: Alex Moazed asks Jim Rickards, famed economist and NYT best-selling author, to outline why he's bullish on gold and break down how to invest in the precious metal. Rickards reveals his ideal portfolio allocation of gold, if you should buy physical coins, bullion, or an ETF, and why he wouldn't store gold with a bank. See our full interview with Jim Rickards here: https://youtu.be/y2VMxWcek4s Originally Aired: 01/15/20 #BuyGold #JimRickards #GoldBullion — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-contact/ 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF. Jim Rickards Gold

Alex discusses bitcoin with famed economist and currency geopolitics expert Jim Rickards. Rickards explains why he sees no value in bitcoin and thinks the risks are of investing are very high. See our full interview with Jim Rickards here: https://youtu.be/y2VMxWcek4s Originally Aired: 01/15/20 #Bitcoin #BitcoinBear #DigitalCurrency — 📚 Grab a copy of the Amazon Best Seller Modern Monopolies: https://amzn.com/B017RC8CBC ❓ Are you part of a large enterprise interested in spinning out a platform business? Connect with us here: https://resources.applicoinc.com/wta-... 🎧 Listen to an audio version of the WTA Podcast here: https://anchor.fm/winnertakeall At Applico, we identify untapped, intrinsic assets that give existing enterprises an enormous advantage to spin-out new tech companies. WisdomTree licensed Applico's Platform Insights Data Product to aid in the creation of the PLAT ETF.