Value of a user

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User and Subscriber Businesses: The Good, the Bad and the Ugly!

In a series of posts over the course of the last year, I argued that you can value users and subscribers at businesses, using first principl...

For better or worse, Netflix has changed not just the entertainment business, but also the way that we (the audience) watch television. In t...

In my last post , I valued Spotify, using information from its prospectus, and promised to come back to cover three loose ends: (1) a pricin...

Update (October 17, 2017): One of the things that I enjoy most about posting my valuations online is the feedback and how much I can...