RT Luca Netz 🐧✳️ (@LucaNetz)Everything now is a distribution game. Let the biggest funnels win. ...

RT Luca Netz 🐧✳️ (@LucaNetz)Everything now is a distribution game. Let the biggest funnels win. ...

Media Industry Trends - Media companies are engaging in frequent mergers and breakups, resembling a recurring cycle with potentially unlearned lessons [1][2][3] - Content remains the most crucial element, consistently valued despite evolving distribution methods and emerging technologies [4][5] - Spin-offs and breakups of S&P 500 companies occur regularly, with average performance aligning with S&P 500 returns [6] - Corporate splits can add value if they enable distinct activities or attract different investors compared to the conglomerate [7][8] - Divergence in growth and business models between segments within a company can trigger corporate splits [12][13] - Media companies merge when they fear distribution challenges, but new distribution technologies can devalue previous mergers [15][16] Sports Entertainment Investment - Sports programming dominates viewership, holding 98 of the 100 most-watched television shows in the last 12 months [17] - Sports assets maintain high value due to dedicated marketing and limited consumer time, unlike other media sectors [18][19] - Funds are increasingly investing in minority stakes in sports teams, driving up valuations [20][21] - Increased valuations of sports teams may lead to public ownership and require diverse representation at the ownership level [22][23] - Talent, particularly NFL quarterbacks, is becoming increasingly valued, potentially leading to equity ownership in teams [26][27][28]

Hyperliquid 优势分析 - Builder 代码被认为是 Hyperliquid 能够超越中心化交易所 (CEX) 的关键特性之一 [1] - Hyperliquid 通过嵌入不可篡改的费用共享机制，为每个前端提供难以拒绝的优惠，从而加速分发 [1] - Hyperliquid 拥有一个前端生态系统为其工作，无需像其他交易所那样努力获取交易流量 [2] - 通过 builder 代码，Hyperliquid 能够一次性获得超过 1000 万 Phantom 用户 [2] - 未来，大型区域金融科技公司可能会以用户当地语言提供对 Hyperliquid 的访问 [2] - 一旦 HIP-3 启动，第三方开发者将能够启动自己的市场，飞轮效应将加速 [2] 市场拓展与创新 - Hyperliquid 能够通过大量开发者之间的竞争来吸引新用户并创建最佳新市场，这是 CEX 难以匹敌的 [3] - Hyperliquid 能够提供股票、预测市场、商品等多种市场 [3] - Hyperliquid 能够提供投资组合保证金、生息稳定币抵押品等创新产品 [3] - Hyperliquid 有潜力比预期更快地实现“万物交易所” [3]

Core Argument - The most valuable skill of the next decade is the intersection of technical skills and storytelling, not just technical expertise [1][2][3] - Standing at this intersection provides significant advantages [5] The "Slip Stream" Effect - Being in the "slip stream" (right place at the right time) allows for exponential growth with the same effort [11][13][15] - AI boom provided a "slip stream" opportunity [15] - Companies like Jio create slipstream opportunities for others [14] Overcoming the "Ostrich Effect" - The "ostrich effect" (ignoring new trends) hinders progress [16][17][18] - It's crucial to be curious and adapt to new technologies and trends [19] The Rise of No-Code Tools - No-code tools are becoming more prevalent, shifting the focus from building to selling [19][20][21][22] - Building is becoming easier, making distribution (content creation) more critical [21][22] The Importance of Distribution (Content) - Building great products is not enough; getting people to care is essential [23][24] - Content creation is crucial for distribution and making people care [22][38] Leveraging Asymmetrical Returns - Pursue asymmetrical returns (nonlinear returns) through activities like networking and content creation [30][31] - Content creation is a classic example of asymmetrical returns [31] Benefits of Content Creation - Content establishes credibility through the mere exposure effect [32] - Content accelerates feedback loops, enabling rapid learning and improvement [33] - Content provides unprecedented networking opportunities [34] Content Creation as a Lottery Ticket - Content creation should be viewed as a lottery ticket; consistency is key [35][36][37] - The probability of success increases with each piece of content created [36][37] The Future Landscape - As technology becomes more accessible, the ability to distribute that technology becomes the greatest advantage [37][38] - The key is to be at the intersection of building and storytelling [38]

Industry Focus - The Ethereum community is showing less focus on "narratives" and more on product, distribution, and realism [1] - This shift towards product, distribution, and realism is considered a healthy development for the Ethereum community [1]

Literally none of these numbers matter (and they’re all off).The age of plain metrics payment is over. What matters is conversion/distribution ability and smart followers/smart engagement. Things you can buy a boosting service for.This trend will get even more aggressive as AI proliferatesLordwhite (@0x_lordwhite):2025 pay for web3 creators per post:200-500 followers/500-1k imp: $50500-1k followers/1k imp: $751k- 2k followers/1k imp: $1503k-5k followers/1k imp: $200- $2505k-7k followers/1k imp: $500- $1000k ...

Core Viewpoint - Sunoco LP reported first-quarter 2025 earnings of $1.21 per unit, missing the Zacks Consensus Estimate of $1.69, but showing improvement from $1.06 per unit in the same quarter last year. Total revenues of $5.18 billion also fell short of the estimate of $5.32 billion and decreased from $5.50 billion year-over-year [1][2]. Financial Performance - The year-over-year increase in earnings was attributed to lower total expenses and higher fuel margins, although net income decreased [2]. - Total operating income for the quarter was $296 million, slightly down from $297 million in the prior-year quarter. Net income was reported at $207 million, compared to $230 million in the first quarter of 2024 [6]. - Adjusted distributable cash flow totaled $310 million, up from $176 million year-over-year [7]. Revenue and Expenses - Total cost of sales and operating expenses decreased to $4.88 billion from $5.20 billion a year ago [8]. - The partnership sold 2.1 billion gallons of fuel in the reported quarter, lower than the estimate of 2.3 billion gallons. Motor fuel gross profit per gallon increased to 11.5 cents from 10.9 cents year-over-year [5]. Distribution and Growth - The board declared a distribution of $0.8976 per unit for the first quarter of 2025, an increase from $0.8865 per unit in the previous quarter. The partnership targets a distribution growth rate of at least 5% for 2025 [3]. Segment Performance - Fuel Distribution segment reported adjusted EBITDA of $220 million, slightly up from $218 million in the comparable period of 2024, affected by lower fuel sales and lease profits [4]. - Pipeline Systems reported adjusted EBITDA of $172 million, benefiting from the acquisition of NuStar [4]. - Terminals segment saw adjusted EBITDA rise to $66 million from $24 million year-over-year, primarily due to acquisitions [5]. Balance Sheet and Outlook - As of March 31, 2025, Sunoco had cash and cash equivalents of $172 million and net long-term debt of $7.67 billion [9]. - The company reaffirmed its full-year 2025 Adjusted EBITDA guidance in the range of $1.90-$1.95 billion, with total operating expenses projected between $900 million and $925 million [10].