April 2012: I got the opportunity of a lifetime. Then I signed away 1,460 days. What that heavy pen taught...

CEO Glenn Fogel says Booking has no moat. The numbers say otherwise: $9 billion in customer float, 65% direct traffic,...

Back in secondary school, I remember one hot afternoon in March 2007. We were in physics class, under a ceiling...

A deep dive into Booking Holdings' pandemic playbook: How Glenn Fogel's contrarian strategy, merchant model transformation, and Connected Trip vision...

The hunt lasted 8 seconds before everything changed

AWS made it possible to start a tech company with just a credit card. Pay only for what you use,...

When Titans Clash Over Food Delivery Competition in China is immensely brutal, way more brutal than what we've seen in...

JD.com has entered the travel business with guns blazing. They're offering hotels zero commission for three years and Richard Liu...

This report is a continuation from my Q2 2025 report: Lululemon: From Turnaround to Letdown (LINK). Let me cut to...

Let me just start right off the bat—this was a bad quarter and it reflected badly on CEO Calvin McDonald,...

Sea Limited delivered another strong quarter, with all three segments firing on all cylinders. What's particularly impressive is that e-commerce...

In my weekly newsletter the 3-Bullet Sunday on 20 July, I wrote: "Don't let daily narratives drive your thinking. The...