Wall Street believers in Netflix are a little like some political groups: they like to ignore reality. For their sake, let’s hope this story, that Netflix is bidding $300 million to buy a firm that operates billboards in Los Angeles, isn’t true. On the surface, it’s tough to see this as anything more than a sign that Netflix’s management has lost all sense of financial discipline. Consider:...
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The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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