# ![@45WallSt Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::31249238.png) @45WallSt 45WallSt

45WallSt posts on X about $uber, $vno, uber, $ma the most. They currently have [-----] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

### Engagements: [-----] [#](/creator/twitter::31249238/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::31249238/c:line/m:interactions.svg)

- [--] Week [-----] +1,500%
- [--] Month [-----] +2.70%
- [--] Months [---------] -82%
- [--] Year [----------] +29,210%

### Mentions: [--] [#](/creator/twitter::31249238/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::31249238/c:line/m:posts_active.svg)

- [--] Months [--] -21%
- [--] Year [---] -1.30%

### Followers: [-----] [#](/creator/twitter::31249238/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::31249238/c:line/m:followers.svg)

- [--] Week [-----] -0.06%
- [--] Month [-----] -0.13%
- [--] Months [-----] -0.50%
- [--] Year [-----] +16%

### CreatorRank: [---------] [#](/creator/twitter::31249238/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::31249238/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  [technology brands](/list/technology-brands)  [finance](/list/finance)  [cryptocurrencies](/list/cryptocurrencies)  [countries](/list/countries)  [celebrities](/list/celebrities)  [travel destinations](/list/travel-destinations)  [currencies](/list/currencies)  [financial services](/list/financial-services)  [exchanges](/list/exchanges) 

**Social topic influence**
[$uber](/topic/$uber), [$vno](/topic/$vno) #21, [uber](/topic/uber), [$ma](/topic/$ma), [reit](/topic/reit), [investment](/topic/investment), [in the](/topic/in-the), [money](/topic/money), [business](/topic/business), [$azo](/topic/$azo)

**Top accounts mentioned or mentioned by**
[@dkhos](/creator/undefined) [@andrewgordonmac](/creator/undefined) [@drjensmander](/creator/undefined) [@uber](/creator/undefined) [@turtlebayio](/creator/undefined) [@larryjamieson](/creator/undefined) [@stevenbhsec](/creator/undefined) [@marceloplima](/creator/undefined) [@tanayj](/creator/undefined) [@billackman](/creator/undefined) [@nickradical4](/creator/undefined) [@balajikm](/creator/undefined) [@grok](/creator/undefined) [@mariocibelli](/creator/undefined) [@marcelolima](/creator/undefined) [@realestatetrent](/creator/undefined) [@stevenballmer](/creator/undefined) [@nicololuccini](/creator/undefined) [@austen](/creator/undefined) [@lhamtil](/creator/undefined)

**Top assets mentioned**
[Uber Technologies, Inc. (UBER)](/topic/$uber) [Veno Finance (VNO)](/topic/$vno) [Mastercard, Inc. (MA)](/topic/$ma) [Autozone Inc (AZO)](/topic/$azo) [SL Green Realty Corp. (SLG)](/topic/$slg) [Boston Properties, Inc. (BXP)](/topic/$bxp) [Fair Isaac, Corp. (FICO)](/topic/$fico) [Douglas Emmett, Inc. (DEI)](/topic/$dei) [Crown Castle Inc (CCI)](/topic/$cci) [PoolTogether (POOL)](/topic/$pool) [Msci Inc (MSCI)](/topic/$msci) [DraperTV (DTV)](/topic/$dtv) [Netflix Inc (NFLX)](/topic/$nflx) [Apollo Global Management, Inc. (APO)](/topic/$apo) [Microsoft Corp. (MSFT)](/topic/$msft) [Vail Resorts, Inc. (MTN)](/topic/$mtn) [NVIDIA Corp. (NVDA)](/topic/$nvda) [KKR & Co, Inc. (KKR)](/topic/$kkr) [Blackstone, Inc. (BX)](/topic/$bx) [O'Reilly Automotive Inc (ORLY)](/topic/$orly) [TransDigm Group, Inc. (TDG)](/topic/$tdg) [Verox (VRX)](/topic/$vrx) [IBM (IBM)](/topic/ibm) [Moody's Corporation (MCO)](/topic/$mco) [Lennar Corporation (LEN)](/topic/$len) [Amazon.com, Inc. (AMZN)](/topic/$amzn) [Fastenal Company (FAST)](/topic/$fast) [Perimeter Solutions, SA (PRM)](/topic/$prm) [Kroger Co (KR)](/topic/$kr) [Twilio, Inc. (TWLO)](/topic/$twlo) [Masco, Corp. (MAS)](/topic/$mas) [CITADEL (CITADEL)](/topic/citadel) [GrokCoin (GROKCOIN)](/topic/grok)
### Top Social Posts
Top posts by engagements in the last [--] hours

"What is $VNO worth"  
[X Link](https://x.com/45WallSt/status/1612505928636502032)  2023-01-09T17:45Z [----] followers, [----] engagements


"@HarryStebbings @dkhos @Uber @dkhos does more interviews than any other CEO alive. Imagine how much money $UBER could make if it was run by somebody who actually worked instead of talked to the media. Stop with the celebrity nonsense and just drive FCF"  
[X Link](https://x.com/45WallSt/status/1633705239881854976)  2023-03-09T05:44Z [----] followers, [--] engagements


"@NICKRADICAL4 @ArchiteuthisDx @propshoplife Exactly correct. Everybody wants to be Mike Burry (because they made a movie about him) but nobody wants to be Sheldon Solow or Larry Silverstein or the quiet guy that was just long $FAST or $POOL for the last [--] years"  
[X Link](https://x.com/45WallSt/status/1660773200735916032)  2023-06-25T12:44Z [----] followers, [---] engagements


"@MidwestHedgie The REIT is obsolete THIS IS CORRECT. C-corp conversion and consolidate the industry/submarket and repurchase shares. @Steven_bhsec $VNO"  
[X Link](https://x.com/45WallSt/status/1661805452911607808)  2023-06-26T08:28Z [----] followers, [---] engagements


"@NICKRADICAL4 @Steven_bhsec $VNO ☝☝☝"  
[X Link](https://x.com/45WallSt/status/1663621024745938944)  2023-05-30T18:58Z [----] followers, [--] engagements


"Take @Steven_bhsec at $VNO for example. A big reason why 99% of people own the damn stock is 99% of his investors think--rightly or wrongly--that he is a creative and competent capital compounder"  
[X Link](https://x.com/45WallSt/status/1663821439462686720)  2023-05-31T08:15Z [----] followers, [--] engagements


"@NICKRADICAL4 @thepupil11 @Steven_bhsec $VNO 👆👆👆 Please oh Lord let this reach Steve Roth and let him absorb and act on this wisdom amen"  
[X Link](https://x.com/45WallSt/status/1663977982531371008)  2023-05-31T18:37Z [----] followers, [---] engagements


"@NICKRADICAL4 @thepupil11 Right on the money. REITs are a quasi-Ponzi structure ill-suited for the current valuation and tax environment. $VNO $BXP $DEI $SLG"  
[X Link](https://x.com/45WallSt/status/1663981637133275137)  2023-05-31T18:51Z [----] followers, [---] engagements


"@NICKRADICAL4 @thepupil11 Just as we have seen with the alts over the last several years there will be one that does the convert ( $SRG has already converted from REIT to C corp) and then everybody else will copy. If memory serves me first it was $ARES then $KKR then $BX then $APO"  
[X Link](https://x.com/45WallSt/status/1663982532122251265)  2023-05-31T18:55Z [----] followers, [---] engagements


"Sales ain't so impressive but Sales Per Share is another story"  
[X Link](https://x.com/45WallSt/status/1664787851698110464)  2023-06-03T00:15Z [----] followers, [---] engagements


"Who will show to $VNO $JBGS $DEI $SLG $BXP COPY WHAT WORKS. C-Corp conversion"  
[X Link](https://x.com/45WallSt/status/1664788829339889664)  2023-06-03T00:19Z [----] followers, [---] engagements


"@TheBenSchmark C corp conversion $VNO $BXP $DEI $SLG"  
[X Link](https://x.com/45WallSt/status/1665799770944724999)  2023-06-05T19:16Z [----] followers, [--] engagements


"@dkhos @Uber Imagine how much more $UBER could do for society if it grew FCFPS at a high rate over a long period of time and earned a high PE and multiplied the wealth of the owners As it stands now $UBER has been a horrible investment since coming public and has piled up $43.7B+ of NOLs"  
[X Link](https://x.com/45WallSt/status/1667684216660979712)  2023-06-11T00:04Z [----] followers, [--] engagements


"@NICKRADICAL4 The only way that I am siding with the guy pointing his finger at Roth is if hes arguing that $VNO should be a C Corp"  
[X Link](https://x.com/45WallSt/status/1667697525355323392)  2023-06-11T00:57Z [----] followers, [--] engagements


"@TihoBrkan $VNO @Steven_bhsec The REIT is obsolete"  
[X Link](https://x.com/45WallSt/status/1667988933240840192)  2023-06-11T20:15Z [----] followers, [---] engagements


"@NICKRADICAL4 We need a better understanding of the advantages--the math--of scale and benefits of density in a submarket. Need to nail that down. The industrial logic of combining portfolios. @Steven_bhsec $VNO"  
[X Link](https://x.com/45WallSt/status/1671682760065552385)  2023-06-22T00:53Z [----] followers, [---] engagements


"@mario_cibelli Hardly a victory. I worry a bit that a rising stock price is giving cover to @dkhos to continue to be mediocre. Reminder: $UBER has racked up $43.7B of NOLs. @dkhos keeps reporting "adjusted" bull sh*t numbers"  
[X Link](https://x.com/45WallSt/status/1672000522226925568)  2023-06-22T22:02Z [----] followers, [---] engagements


"@mario_cibelli @dkhos Actual footage of Ajay Banga looking (horrified) at $UBER's financial performance under @dkhos. Not even close to good enough"  
[X Link](https://x.com/45WallSt/status/1672003417659817985)  2023-06-22T22:08Z [----] followers, [---] engagements


"@NICKRADICAL4 I nice new (young) fleet of buildings. The kind of Class A/Prime assets that are in demand. $VNO"  
[X Link](https://x.com/45WallSt/status/1672009892193009664)  2023-06-22T22:37Z [----] followers, [---] engagements


"January [--] 1982: 14% Interest rates"  
[X Link](https://x.com/45WallSt/status/1672339264389148672)  2023-06-23T20:23Z [----] followers, [--] engagements


"@ToryJSheffer So it looks to me that Dover Corp. bought Belanger. https://www.opwvws.com/brands/belanger/company/news-and-events/dover-to-acquire-belanger.html https://www.opwvws.com/brands/belanger/company/news-and-events/dover-to-acquire-belanger.html"  
[X Link](https://x.com/45WallSt/status/1676724759747506176)  2023-07-05T22:48Z [----] followers, [----] engagements


"@AndrewRangeley @HawkinsEntrekin Is there any industrial logic to consolidation Economies of scale Monopsony power that accrues to the power player Power to drive regulatory capture with scale Why is *now* the inflection point and break that down from the stock perspective vs. the business perspective"  
[X Link](https://x.com/45WallSt/status/1678309061123780608)  2023-07-10T07:49Z [----] followers, [---] engagements


"@modestproposal1 $UBER needs a CFO who understands (1) the value of having a tax shield $43.7B of NOLs $UBER is not going to be a cash tax payer for a long time. (2) the power of shrinking the share base at a rapid clip. Can someone link @dkhos with Ajay Banga or Malone or ghost of Singleton"  
[X Link](https://x.com/anyuser/status/1678630629015969792)  2023-07-11T05:01Z [----] followers, [----] engagements


"@modestproposal1 I think @dkhos would do well to recruit a CFO with real understanding/experience of good capital allocation. $MA $V $MSCI $AZO $ORLY. Somebody who has actually been involved in a really profitable business that also shrank the share base"  
[X Link](https://x.com/45WallSt/status/1678631471865536512)  2023-07-11T05:05Z [----] followers, [---] engagements


"@mario_cibelli If $UBER does not trend toward $MA- or $V-like economics over time I will be disappointed. I am not saying $UBER is quite as good of a business as $MA/ $V but the economics should trend toward those. Should generate much higher margins and ROICs and return cash via repos"  
[X Link](https://x.com/45WallSt/status/1678845092055097344)  2023-07-11T19:22Z [----] followers, [---] engagements


"@turtlebay_io Oh lord of capitalism please let me one day have the opportunity insight and courage to invest meaningfully in a pest control business on super-attractive terms. Amen"  
[X Link](https://x.com/45WallSt/status/1678849480102404096)  2023-07-11T19:35Z [----] followers, [---] engagements


"$HPP owns some desirable properties along the west coast. It's stock price is down 85% from ATHs"  
[X Link](https://x.com/45WallSt/status/1681591889173307392)  2023-07-20T23:28Z [----] followers, [----] engagements


"@dkhos @FT Why are you taking victory laps now You are barely profitable and you have a HUGE pile of NOLs to burn through. When you have done what Ajay Banga did for $MA shareholders then you can brag. But until then you gotta keep the focus on the metrics not the PR"  
[X Link](https://x.com/45WallSt/status/1687985487628402688)  2023-08-06T00:34Z [----] followers, [---] engagements


"@dkhos @FT $UBER is trading barely above its IPO price. Compare that to the run at something like $MA or $POOL or $AZO a few situations where FCFPS escalated rapidly over years. What are you doing to set $UBER up for this kind of run Lay out the case clearly and with rigorous analytics"  
[X Link](https://x.com/45WallSt/status/1687990337128808448)  2023-08-06T00:53Z [----] followers, [---] engagements


"@buccocapital @dkhos Candidates probably all have Ukraine flag bumper stickers and are more concerned about progressive politics in San Francisco than compounding FCFPS. That's why $UBER is down"  
[X Link](https://x.com/45WallSt/status/1688793039760916480)  2023-08-08T06:03Z [----] followers, [--] engagements


"@buccocapital @dkhos Candidates likely display no clue about the value of $43.7B NOL taxshield and would continue issuing SBC like its water. @dkhos Pls just get the CFO from $AZO or have @bgurley give you a name. Somebody with a proven track record of shrinking shares & running w/ EVA metrics. 🙏"  
[X Link](https://x.com/45WallSt/status/1688795521216040960)  2023-08-08T06:13Z [----] followers, [--] engagements


"@HighyieldHarry I just want someone to do a movie as good as Margin Call about Henry Singleton and $TDG and the people who were long $TDG and stayed long $TDG and didn't trade. Would be amazing. An instant cult classic. Hollywooders don't understand how much demand there is for that content"  
[X Link](https://x.com/45WallSt/status/1689843119343403008)  2023-08-11T03:36Z [----] followers, [---] engagements


"Pixar. Steve Jobs bought it from George Lucas on February [--] [----]. IPO'd on November [--] [----] at $11 (split-adusted). Pixar was sold to DIS at $58.70 (all in DIS stock) on May [--] [----]. 17.4% IRR over [--] years and a [---] MOIC from IPO price"  
[X Link](https://x.com/anyuser/status/1692616424060010958)  2023-08-18T19:16Z [----] followers, 22.3K engagements


"Pixar was IPO'd at $11 but the stock popped immediately to $24.75. It was "sold" to the street as "tech". Then traded down to $6.13 as investors realized that it was a lumpy movie business. Then the hits came. Then DIS came. Ultimately sold to DIS for $58.70"  
[X Link](https://x.com/anyuser/status/1692617857798938981)  2023-08-18T19:21Z [----] followers, [---] engagements


"Pixar had extremely lumpy revenues. But ultimately grew annual revenues at a 38.4% CAGR from 1992-2005 from $4.2M to $289.1M"  
[X Link](https://x.com/45WallSt/status/1692619059404112116)  2023-08-18T19:26Z [----] followers, [---] engagements


"Per Isaacsons bio Jobs put in $60M into Pixar from 1986-1995 IPO. At the time of the IPO at $11 IPO price (split adjusted) Jobs stake was worth $660M. By the time he sold PIX to DIS Jobs [--------] PIX shares were worth $3522M"  
[X Link](https://x.com/45WallSt/status/1692626261040906748)  2023-08-18T19:55Z [----] followers, [---] engagements


"@AltYelloNatPark Defending the status quo. It's a dumb plan. Tolls speed bumps and rumble strips are needed to mitigate speeding traffic. Wildlife bridges and tunnels for crossings. *Massively* increase entrance prices and use proceeds to expand the size of parks and protected ecosystems"  
[X Link](https://x.com/45WallSt/status/1698562138447765966)  2023-09-04T05:02Z [----] followers, [--] engagements


"@NAZALKARADAN $AZO vs. $ORLY or $V vs. $MA or $AMT vs. $SBAC. Compounding games vs. consumption games"  
[X Link](https://x.com/45WallSt/status/1704210099915608569)  2023-09-19T19:05Z [----] followers, [---] engagements


"Crypto is a multi-level marketing scam for people who think they are too smart to be in a MLM scam. Thorndike is a Biglari-like scammer for people who think they are too smart to invest with a guy like Sardar Biglari. Value nerd groupthink results in weirdness"  
[X Link](https://x.com/anyuser/status/1709343290771058899)  2023-10-03T23:02Z [----] followers, [----] engagements


"@fundiescapital What is "zone of reasonableness" for expectations for FCF per share in 5-7 years Look forward: Sales Gross Margin EBITDA margin Net Share count And what is the multiple that is reasonable to expect"  
[X Link](https://x.com/45WallSt/status/1712187145912463425)  2023-10-11T19:23Z [----] followers, [---] engagements


"@JonahLupton @dkhos You sure @dkhos has "turned things around" Where is your evidentiary support $UBER has a lot of NOLs that they need to burn off before it can be considered a success. There is a lot of SBC still in the financial statements"  
[X Link](https://x.com/45WallSt/status/1713686606417453461)  2023-10-15T22:41Z [----] followers, [---] engagements


"@JonahLupton @dkhos Free Cash Flow per share growth over time is the only rigorous output variable that matters. $UBER is hardly $MA or $MSCI. @dkhos has a lot to achieve before he is in the same league as Henry Fernandez or Ajay Banga"  
[X Link](https://x.com/45WallSt/status/1713687628531576982)  2023-10-15T22:45Z [----] followers, [---] engagements


"@JonahLupton @dkhos FCFPS w/o bullsh*t adjustments should be understandably defined. I pray that Prashanth Mahendra-Rajah with his experience at $V and $ADI is the CFO that will drive FCFPS to the heavens and inspire the confidence necessary to have $UBER's multiple expand"  
[X Link](https://x.com/45WallSt/status/1713690601852747891)  2023-10-15T22:57Z [----] followers, [--] engagements


"@JonahLupton @dkhos $MA and $MSCI have been legitimately good investments with growing FCFPS well managed businesses and attractive economics. I compare and contrast $UBER to other businesses. And I compare what @dkhos is doing vs. other legitimately great CEOs. @dkhos has much wood to chop"  
[X Link](https://x.com/45WallSt/status/1713694765693436083)  2023-10-15T23:14Z [----] followers, [---] engagements


"@JonahLupton @dkhos We are on the same side of the table. I pray this is correct. $MA does $10B of FCF with a $375B market cap (#2 in a duopolistic industry structure). $UBER might do $10B of FCF in a couple of years with an $88B market cap (#1 in a duopolistic industry structure)"  
[X Link](https://x.com/45WallSt/status/1713698149062389813)  2023-10-15T23:27Z [----] followers, [--] engagements


"@JonahLupton @dkhos I am just a little skeptical of @dkhos's capability as a leader. He has been at the helm long enough at this point for $UBER to have eliminated or reduced all the bullsh*t adjustments and the SBC. He has chosen not to do that"  
[X Link](https://x.com/45WallSt/status/1713699840914522586)  2023-10-15T23:34Z [----] followers, [--] engagements


"@modestproposal1 I say a prayer for Prashanth Mahendra-Rajah every night now. Oh lord bless that man and may he compound FCFPS to the heavens and be inspired by $MA $V $MSCI and $AZO in how he reports to shareholders and allocates capital. May he shrink the share base and grow the FCF. 🙏"  
[X Link](https://x.com/45WallSt/status/1715546747815211504)  2023-10-21T01:53Z [----] followers, [---] engagements


"@MarceloPLima @dkhos $UBER I hope Prashanth Mahendra-Rajah discovers operating leverage too"  
[X Link](https://x.com/45WallSt/status/1716981812998853037)  2023-10-25T00:55Z [----] followers, [---] engagements


"@_FlipMan @NicoloLuccini @Austen I know you are poking fun at $UBER but this is actually good analysis. @dkhos Importance of keeping costs down (and having an HQ2-type complex of cheap employees outside of high-cost SF)"  
[X Link](https://x.com/anyuser/status/1717380047013835137)  2023-10-26T03:18Z [----] followers, [----] engagements


"@NicoloLuccini @Austen $UBER is on it's way if @dkhos and new CFO Prashanth Mahendra-Rajah steward it well"  
[X Link](https://x.com/45WallSt/status/1717387484500484204)  2023-10-26T03:47Z [----] followers, [----] engagements


"@NicoloLuccini @Austen $UBER is a dominant take-rate match-making business sitting powerfully in between a large and fragmented base of supply and demand with global TAM. If @dkhos can sustain a high rate of growth and grind out op leverage the business should show very attractive EBITDA margins"  
[X Link](https://x.com/45WallSt/status/1717389466695074267)  2023-10-26T03:55Z [----] followers, [----] engagements


"@NicoloLuccini @Austen @dkhos And as you would expect from a tech-enabled platform business like this $UBER exhibits superb capital efficiency when operating at-scale"  
[X Link](https://x.com/45WallSt/status/1717391036987895897)  2023-10-26T04:01Z [----] followers, [---] engagements


"@NicoloLuccini @Austen @dkhos Some addn'l notes: (1) Ad are *extremely high incremental margin* revs (thinking ads margins would be 85-95%); (2) Essentially ads revenues are a royalty requiring no capital; (3) The market would capitalize earnings from ads at a very healthy multiple (20-25x). @dkhos 🙏🙏"  
[X Link](https://x.com/45WallSt/status/1717412061372907625)  2023-10-26T05:25Z [----] followers, [--] engagements


"@NicoloLuccini @Austen @dkhos @dkhos has spoken at the GS conference each fall for the last three years and I have these "run rate" ad rev numbers scribbled in my notes. If those are correct $UBER is generating $650M run-rate revenue from ads now or $4.74 per MPAC (137M MPACs as of last Q)"  
[X Link](https://x.com/45WallSt/status/1717440246688973285)  2023-10-26T07:17Z [----] followers, [--] engagements


"@fortworthchris @Steven_bhsec $VNO 👆"  
[X Link](https://x.com/45WallSt/status/1718024403525738918)  2023-10-27T21:58Z [----] followers, [--] engagements


"@brentmuio (1) Take a look at how leverage ratios and valuation have evolved. (2) Consider the comp and options. (3) Consider what happened at $PRM. (4) Consider what happened at $VRX"  
[X Link](https://x.com/45WallSt/status/1723123888606077255)  2023-11-10T23:42Z [----] followers, [---] engagements


"@nachkari @brentmuio You may compare $TDG w/ $CSU. I may wrongly conflate $TDG w/ $VRX. You might be right. I am not short $TDG; but I am skeptical anytime these things get to be too popular (and everybody seems to gush about $TDG). I find Howley's style offputting for some reason. Time will tell"  
[X Link](https://x.com/45WallSt/status/1723472708091179295)  2023-11-11T22:48Z [----] followers, [---] engagements


"@nachkari @brentmuio Virtually all progress--in any field--is made alone. Good investing--should be--and feel--very very lonely. I would even go so far as to say the loneliness should be painful at least for a time. $TDG $CSU $VRX $ROP--All have the same shareholder demographic; and it ain't me"  
[X Link](https://x.com/45WallSt/status/1723476308775379416)  2023-11-11T23:02Z [----] followers, [---] engagements


"@ValueStockGeek Gary Millerchip $KR CFO I salute you. Eminently commendable. 🫡"  
[X Link](https://x.com/45WallSt/status/1723607248864489584)  2023-11-12T07:42Z [----] followers, [---] engagements


"@jordan_w_fox @mario_cibelli @dkhos @andrewgordonmac 👀👆 Get that ads business cranking burn through the NOLs and shrink the share base at a rapid clip to drive $UBER's FCFPS substantially higher"  
[X Link](https://x.com/45WallSt/status/1723837989485236697)  2023-11-12T22:59Z [----] followers, [--] engagements


"@jordan_w_fox @mario_cibelli @dkhos @andrewgordonmac New $UBER CFO Prashanth Mahendra-Rajah needs to set a strong culture around *per share* metrics. Shareholders want to see share count shrink in a meaningful way. $MA has been a consistent share count shrinker and SBC as % of revenues a fraction of what $UBER's has been"  
[X Link](https://x.com/45WallSt/status/1723850989168701455)  2023-11-12T23:51Z [----] followers, [---] engagements


"@fintwit_wannabe @rhunterh @thepupil11 for an acquisitive RE-co guessing ability to defer taxes for sellers makes REIT still worth it. I think REITs are obsolete and that structure costs shareholders of $VNO $BXP and $DEI real money. If you can prove to me with math that I am wrong I would appreciate"  
[X Link](https://x.com/45WallSt/status/1725202126392213760)  2023-11-16T17:20Z [----] followers, [---] engagements


"@fintwit_wannabe @rhunterh @thepupil11 C corp would get a higher multiple and allow for more flexibility as they allocate capital. The [----] tax act in combination with the current valuation environment gives an opportunity to REITs to convert"  
[X Link](https://x.com/45WallSt/status/1725205300326908265)  2023-11-16T17:32Z [----] followers, [---] engagements


"@fintwit_wannabe @rhunterh @thepupil11 I am pro tax efficient compounding. REIT structure encourages constant capital raising (retards per share compounding) demands paying out capital rather than internal reinvestment (retards per share compounding). It discourages share repurchases"  
[X Link](https://x.com/45WallSt/status/1725206639366848677)  2023-11-16T17:38Z [----] followers, [---] engagements


"$UBER @dkhos I don't want to name names but it is pretty obvious there are some big smart engaged shareholders rooting for you and you select a guy from an obviously corrupt regime to join your BoD. WTF"  
[X Link](https://x.com/45WallSt/status/1725752655212146775)  2023-11-18T05:47Z [----] followers, [---] engagements


"@dkhos @bgurley @mario_cibelli @altcap Is this seriously the best $UBER director @dkhos can recruit I would feel a lot more comfortable if $UBER recruited someone like Ajay Banga ( $MA) or Mike White ( $DTV) or William C. Rhodes III ( $AZO) to shepherd the capital allocation framework"  
[X Link](https://x.com/45WallSt/status/1725753876681572412)  2023-11-18T05:52Z [----] followers, [---] engagements


"@dkhos Objectively the Middle East is a tiny market for $UBER. So of all the people out there Mr. Turqi Alnowaiser seems like a strange choice"  
[X Link](https://x.com/45WallSt/status/1725756161599959186)  2023-11-18T06:01Z [----] followers, [---] engagements


"@dkhos In addition Mr. Turqi Alnowaiser seems to be piss-poor at making and allocating capital. What evidence is there that recruiting this guy serves the best interest of $UBER shareholders today @dkhos you are making operational progress but why make a move like this"  
[X Link](https://x.com/45WallSt/status/1725757975577731374)  2023-11-18T06:08Z [----] followers, [---] engagements


"@dkhos @dkhos Seems to me you are doing a disservice to $UBER shareholders by not going to somebody like one of these fellows and asking them to serve on the $UBER BoD"  
[X Link](https://x.com/45WallSt/status/1725760244494786761)  2023-11-18T06:18Z [----] followers, [--] engagements


"@dkhos It does not appear that Mr. Turqi Alnowaiser adds much to the $UBER BoD. No background in 2-sided or 3-sided platform businesses no background in developing successful membership programs no background in growing advertising businesses no background as a serious technologist"  
[X Link](https://x.com/45WallSt/status/1725760795190153256)  2023-11-18T06:20Z [----] followers, [---] engagements


"@hitsamty All great but what is the IRR What is the MOIC CAGR of the owner's capital Any materials out there that answer these questions"  
[X Link](https://x.com/45WallSt/status/1729391916419330510)  2023-11-28T06:48Z [----] followers, [---] engagements


"@Jason @dkhos @Uber Congrats are in order. Progress is being made. But there is still a lot of wood to chop. I calculate a 6.7% return since IPO and 1.34x MOIC. Not good. It's not time yet to start taking victory laps. $UBER has a lot of work to be in the same league as $MA $V $AZO $ORLY $FICO"  
[X Link](https://x.com/45WallSt/status/1729974932334120973)  2023-11-29T21:25Z [----] followers, [---] engagements


"@Jason @dkhos @Uber New CFO Mr. Prashanth Mahendra-Rajah should help drive $UBER's owner earnings per share and capital efficiency"  
[X Link](https://x.com/45WallSt/status/1729977293362045424)  2023-11-29T21:35Z [----] followers, [--] engagements


"$UBER @dkhos I want to know how @Drizly has performed as an investment"  
[X Link](https://x.com/45WallSt/status/1730670187668553819)  2023-12-01T19:28Z [----] followers, [----] engagements


"@dkhos @Drizly I want the new CFO to break the details out. Gross bookings take rate margin profit contribution to $UBER shareholders"  
[X Link](https://x.com/45WallSt/status/1730670584390950997)  2023-12-01T19:29Z [----] followers, [---] engagements


"@dkhos @Drizly Just would be nice to be able to see a concrete example of cap allocation by @dkhos. Good or bad. $UBER financial reporting does not give shareholders much (any) insight into whether this transaction benefited or hindered shareholder wealth generation"  
[X Link](https://x.com/45WallSt/status/1730671343002120642)  2023-12-01T19:32Z [----] followers, [---] engagements


"@dkhos @Uber I also worry that $UBER has "cover" to keep issuing SBC like its water and costs won't be managed as tightly as they ought to be. A lot of wood to chop. Don't celebrate anything just yet"  
[X Link](https://x.com/45WallSt/status/1730722603235414033)  2023-12-01T22:56Z [----] followers, [---] engagements


"@ExcessDefaults Oh lord please bless Marc Rowan and Jim Belardi and their efforts. May they be successful in growing $APO s insurance business"  
[X Link](https://x.com/45WallSt/status/1731888267996319786)  2023-12-05T04:08Z [----] followers, [--] engagements


"@buccocapital Value Act I commend your role in the capital markets. Bravo"  
[X Link](https://x.com/45WallSt/status/1732231149357863160)  2023-12-06T02:51Z [----] followers, [---] engagements


"@NAZALKARADAN Cash flow coming in the door"  
[X Link](https://x.com/45WallSt/status/1739849562939146573)  2023-12-27T03:23Z [----] followers, [--] engagements


"@MarceloPLima But the thing loses money and I don't feel they have a good expense control culture"  
[X Link](https://x.com/45WallSt/status/1742669150684881180)  2024-01-03T22:07Z [----] followers, [--] engagements


"@tanayj What do you do to make better for customers @andrewgordonmac @dkhos $UBER 👆👀"  
[X Link](https://x.com/45WallSt/status/1743682288049946651)  2024-01-06T17:13Z [----] followers, [---] engagements


"@MarceloPLima I am curious how you assess the odds and magnitude of success of the activists at $TWLO. How do you score the risk/reward of the setup currently"  
[X Link](https://x.com/45WallSt/status/1744856776896655430)  2024-01-09T23:00Z [----] followers, [---] engagements


"@Stock_Opine @dkhos @andrewgordonmac $UBER 👀👆 This is what you do if you want deep and lasting respect from intelligent shareholders"  
[X Link](https://x.com/45WallSt/status/1744946401878917485)  2024-01-10T04:56Z [----] followers, [--] engagements


"@MorePerfectUS They probably would have an easier time attracting employees into the office if they were in a $VNO building"  
[X Link](https://x.com/45WallSt/status/1745858112370741431)  2024-01-12T17:19Z [----] followers, [---] engagements


"@NICKRADICAL4 @daniel3point0 @bedouincap @Steven_bhsec $VNO Time to go on offense"  
[X Link](https://x.com/45WallSt/status/1758470702846664971)  2024-02-16T12:37Z [----] followers, [---] engagements


"@mrkorangy @realEstateTrent Exactly. And the inverse of that is nothing says "I am committed to success" more than working or living in a $VNO building"  
[X Link](https://x.com/45WallSt/status/1767104632264987090)  2024-03-11T08:25Z [----] followers, [---] engagements


"@lhamtil Superficially $MO has been able to grow revenues and it seems quite stable over time"  
[X Link](https://x.com/45WallSt/status/1768054125391118380)  2024-03-13T23:18Z [----] followers, [---] engagements


"@lhamtil Everybody is well aware of the pricing power that $MO and other tobacco companies have been able to exercise over time"  
[X Link](https://x.com/45WallSt/status/1768054369541599296)  2024-03-13T23:19Z [----] followers, [---] engagements


"@lhamtil However the pace of volume declines in the legacy tobacco market are quickening. Where historically volume declines were 4-6% and price increases basically offset the volume declines to allow for stable revenues"  
[X Link](https://x.com/45WallSt/status/1768054830487253107)  2024-03-13T23:21Z [----] followers, [---] engagements


"@lhamtil My question about "burning the furniture" is really trying to get at (1) is $MO selling the $ABI stake and $BTI selling their $ITC stake (even though they really don't need to right now) sort of a signal potentially that more difficult times are ahead"  
[X Link](https://x.com/45WallSt/status/1768055651044151609)  2024-03-13T23:24Z [----] followers, [---] engagements


"@lhamtil I ask from a place of genuine intellectual curiousity and wanting to understand. I ask in humility. I want to understand your reasoning as it seems you have thought about it"  
[X Link](https://x.com/45WallSt/status/1768061226393997651)  2024-03-13T23:47Z [----] followers, [---] engagements


"@NICKRADICAL4 @sidecarcap Massive share shrink high capital efficiency and ballsy expansion were the hallmarks of $NVR. Its in a league of its own"  
[X Link](https://x.com/45WallSt/status/1769100213451452534)  2024-03-16T20:35Z [----] followers, [---] engagements


"@aussieflya @andrewgordonmac Can you educate us on how these prices are "set" by $UBER And also why prices are so much higher now vs. pre-Covid Is $UBER really setting prices $UBER is matching supply with demand. Encountering this kind complaint more and more and want to understand"  
[X Link](https://x.com/45WallSt/status/1773456227307294831)  2024-03-28T21:04Z [----] followers, [---] engagements


"@aussieflya @andrewgordonmac Also curious if you/ $UBER have done analysis on impact to landlords of having cheap $UBER rides (low wait times) readily available in their areas Imagine better "connectivity" via $UBER results in higher property values. Could you share data to support this idea"  
[X Link](https://x.com/45WallSt/status/1773456842137735298)  2024-03-28T21:07Z [----] followers, [--] engagements


"@david_katunaric Need more of these"  
[X Link](https://x.com/45WallSt/status/1774743742177751304)  2024-04-01T10:20Z [----] followers, [---] engagements


"@MarceloPLima How do you reason what that business is likely to earn using a "first principals" analysis And given the heavy SBC/dilutive comp orientation"  
[X Link](https://x.com/45WallSt/status/1776308029425676766)  2024-04-05T17:56Z [----] followers, [---] engagements


"@sidecarcap Just wish he would get rid of the REIT structure. C-corp conversion and consolidate"  
[X Link](https://x.com/45WallSt/status/1778044203584590009)  2024-04-10T12:55Z [----] followers, [---] engagements


"@rajat_2106 @sadvalueinvestr Do you have a sense for the rate of compounding of the members equity on a "per share" basis"  
[X Link](https://x.com/45WallSt/status/1781056709227958731)  2024-04-18T20:26Z [----] followers, [--] engagements


"@CorneliaLake And the guy had the gall to write a book. https://www.amazon.com/Ask-Your-Developer-Software-Developers/dp/0063018292 https://www.amazon.com/Ask-Your-Developer-Software-Developers/dp/0063018292"  
[X Link](https://x.com/45WallSt/status/1783644424767250683)  2024-04-25T23:49Z [----] followers, [---] engagements


"@CorneliaLake @MarceloPLima How do you assess the odds and magnitude of impact of the turnaround efforts in the fullness of time What does the business look like over time What are the clues that it is at or near an inflection point $TWLO"  
[X Link](https://x.com/45WallSt/status/1783645676288745477)  2024-04-25T23:54Z [----] followers, [---] engagements


"@fietsprofessor @Uber @andrewgordonmac This is a good ad"  
[X Link](https://x.com/45WallSt/status/1784498886364860575)  2024-04-28T08:24Z [----] followers, [---] engagements


"@Jason Throw on a tux like you are [---] and let your ears bathe in the luxurious sounds of Handel's Water Music Edvard Grieg's Peer Gynt Lo Delibes' Lakm Duo des fleurs and Count Basie's Greatest Hits. Class it up as you gaze upon $UBER's financial progression over time"  
[X Link](https://x.com/45WallSt/status/1791712651820847259)  2024-05-18T06:09Z [----] followers, [---] engagements


"November [--] 1974: [----] is the year the earnings took off. Holy moly"  
[X Link](https://x.com/45WallSt/status/1792473249865204048)  2024-05-20T08:31Z [----] followers, [--] engagements


"February [--] 1975: DDI had a plant in Mexico City for many years but in [----] DDI expanded to Europe via acquisition of Statifor"  
[X Link](https://x.com/45WallSt/status/1792473564366749979)  2024-05-20T08:32Z [----] followers, [--] engagements


"$UBER @dkhos Why don't you try recruiting a proven capital allocator as a director Why not try to recruit Mason Morfit from ValueAct"  
[X Link](https://x.com/45WallSt/status/1793049230946206172)  2024-05-21T22:40Z [----] followers, [---] engagements


"@dkhos Would make a quality addition to $UBER's BoD. https://www.linkedin.com/in/mason-morfit-b5ab3a9a/ https://www.linkedin.com/in/mason-morfit-b5ab3a9a/"  
[X Link](https://x.com/45WallSt/status/1793053199857066232)  2024-05-21T22:56Z [----] followers, [---] engagements


"@dkhos You can tell he has good judgment by the way that it is. High caliber. $MSFT $KKR"  
[X Link](https://x.com/45WallSt/status/1793053775030321612)  2024-05-21T22:58Z [----] followers, [---] engagements


"@BushwoodCap What is always weird to me: Why don't more companies see the success that $AZO has had and copy it"  
[X Link](https://x.com/45WallSt/status/1793187507862925607)  2024-05-22T07:49Z [----] followers, [---] engagements


"@dkhos @andrewgordonmac $UBER. Wondering if you gents have studied this business at $MA carefully I feel like $UBER could be standing up a business like this and that it might be very lucrative. https://www.mastercardservices.com/en https://www.mastercardservices.com/en"  
[X Link](https://x.com/45WallSt/status/1797786997337059770)  2024-06-04T00:26Z [----] followers, [---] engagements


"@dkhos @andrewgordonmac $MA just reported the revenues as "Other Revenues" and stopped breaking the segment out but selling data is a huge part of $MA's business model. I wonder if there is some way to package the data $UBER generates and create another revenue line Look at this:"  
[X Link](https://x.com/45WallSt/status/1797787447390040125)  2024-06-04T00:28Z [----] followers, [--] engagements


"@dkhos @andrewgordonmac New $UBER CFO Prashanth Mahendra-Rajah might consider doing a serious study of how $UBER can monetize the data that it generates as a means to grow high incremental margin SaaS-like revenue. $MA is a great case study on this but I am sure there are others"  
[X Link](https://x.com/45WallSt/status/1797792592186519775)  2024-06-04T00:48Z [----] followers, [---] engagements


"@kouroshshafi @dkhos @andrewgordonmac $UBER $AXP 👆👆"  
[X Link](https://x.com/45WallSt/status/1798461224713441550)  2024-06-05T21:05Z [----] followers, [---] engagements


"@buccocapital @dkhos @andrewgordonmac Are you contacting @jtimberlake's people about an $UBER ad How to book JT here: https://www.smelivenation.com/talent/music/contemporary/booking-justin-timberlake/#tab-description https://www.smelivenation.com/talent/music/contemporary/booking-justin-timberlake/#tab-description"  
[X Link](https://x.com/45WallSt/status/1803576767124586858)  2024-06-19T23:53Z [----] followers, [--] engagements


"@align_and @TheBenSchmark Good operators should be able to see it in the figures. I dont. FCFPS is all that matters"  
[X Link](https://x.com/45WallSt/status/1804094889250164814)  2024-06-21T10:11Z [----] followers, [--] engagements


"@netcapgirl Clone this man. Parachute the clones into all my companies"  
[X Link](https://x.com/45WallSt/status/1810083672768569771)  2024-07-07T22:49Z [----] followers, [--] engagements


"@kyleichan I'd phrase it thusly: The more moral a country the more people have a negative view of a country with a pervasive scam culture"  
[X Link](https://x.com/45WallSt/status/1811536659055542677)  2024-07-11T23:02Z [----] followers, [---] engagements


"@altcap $SNOW I admire what is happening at the business level here. But at the per share level it is less appealing. How do you get comfortable with this level of SBC How do you get comfortable with the valuation"  
[X Link](https://x.com/45WallSt/status/1813348193390006553)  2024-07-16T23:01Z [----] followers, [---] engagements


"@altcap When you think $SNOW will burn off their NOLs"  
[X Link](https://x.com/45WallSt/status/1813348591890833755)  2024-07-16T23:02Z [----] followers, [---] engagements


"@PinkPoloShorts Stole OAK from shareholders. See $APO and $BX performance. OAK would have done as well"  
[X Link](https://x.com/45WallSt/status/1813739989257351459)  2024-07-18T00:58Z [----] followers, [---] engagements


"@leveredbetaboy2 Spencer Wang's IR effort is "best in class". $NFLX's financial reporting and other communications with investors has been superb for years under his leadership. Always clear cogent communication. I hope Alax can stand on his brother's giant shoulders and do even better at $UBER"  
[X Link](https://x.com/45WallSt/status/1813743794749358084)  2024-07-18T01:13Z [----] followers, [---] engagements


"@leveredbetaboy2 @SpencerkWang You have done a superb job at $NFLX for years. [--] out of [--] best in class. I hope Alax can have the same kind of impact at $UBER over time that you have had at $NFLX"  
[X Link](https://x.com/45WallSt/status/1813746355506123192)  2024-07-18T01:23Z [----] followers, [---] engagements


"@lundeen_ne @leveredbetaboy2 @SpencerkWang @dkhos @andrewgordonmac 👀👆 $UBER should emulate $NFLX in this regard"  
[X Link](https://x.com/45WallSt/status/1813751010248245483)  2024-07-18T01:41Z [----] followers, [---] engagements


"@lundeen_ne @leveredbetaboy2 @SpencerkWang https://s22.q4cdn.com/959853165/files/doc_financials/2024/q2/FINAL-Q2-24-Shareholder-Letter.pdf https://s22.q4cdn.com/959853165/files/doc_financials/2024/q2/FINAL-Q2-24-Shareholder-Letter.pdf"  
[X Link](https://x.com/45WallSt/status/1814089298100314469)  2024-07-19T00:06Z [----] followers, [--] engagements


"@lundeen_ne @leveredbetaboy2 @SpencerkWang $UBER 👆👀Alax Wang @dkhos @andrewgordonmac Especially appreciate the way NFLX outlines the ads effort for shareholders. Relevant to $UBER's ads efforts"  
[X Link](https://x.com/45WallSt/status/1814090278657221117)  2024-07-19T00:10Z [----] followers, [---] engagements


"@chigrl Per Bloomberg: Citadel Securities full-year earnings were about $2.76 billion in [----]. Griffin owns 80% of Citadel. So the $44.6M spent on the stegosaurus was 2% of his earnings for [----]. https://www.bloomberg.com/news/articles/2024-05-15/citadel-securities-revenue-reaches-2-3-billion-in-first-quarter https://www.bloomberg.com/news/articles/2024-05-15/citadel-securities-revenue-reaches-2-3-billion-in-first-quarter"  
[X Link](https://x.com/45WallSt/status/1814223897031852193)  2024-07-19T09:00Z [----] followers, [--] engagements


"@chigrl If Google is to be believed Ken Griffin is worth $38.3B. So he has 0.11% of his net worth in dinasaur bones. ($44600000/$38300000000 = 0.11%)"  
[X Link](https://x.com/45WallSt/status/1814224876892520458)  2024-07-19T09:04Z [----] followers, [--] engagements


"@chigrl Note: Sothebys likely clipped a 16% "Auction Commission Margin" (take rate revenues) so $7136000 revs for Sothebys. Pre-LBO by Drahi Sothebys was earning 22% EBITDA margins on that revenue so likely $1585099 of EBITDA. Art dealing securities dealing"  
[X Link](https://x.com/45WallSt/status/1814231315144708285)  2024-07-19T09:30Z [----] followers, [--] engagements


"@chigrl I would love to more fully understand the means by which Citadel creates wealth and profits for its owners"  
[X Link](https://x.com/45WallSt/status/1814239001056080006)  2024-07-19T10:00Z [----] followers, [--] engagements


"@sidecarcap Technical financial and investing prowess embodied in one man with taste and style. A man to be admired. https://en.wikipedia.org/wiki/Andy_Bechtolsheim https://en.wikipedia.org/wiki/Andy_Bechtolsheim"  
[X Link](https://x.com/45WallSt/status/1815163057766883539)  2024-07-21T23:12Z [----] followers, [---] engagements


"@sidecarcap His stake in $ANET alone: [--------] shares owned * $330 = $15116313960"  
[X Link](https://x.com/45WallSt/status/1815298710911533461)  2024-07-22T08:11Z [----] followers, [--] engagements


"Mike Markkula gives the oral history of his career. Ignore politics. Find or be a guy like Mike. https://www.youtube.com/watchv=0DuOnDWRwI4 https://www.youtube.com/watchv=0DuOnDWRwI4"  
[X Link](https://x.com/45WallSt/status/1815640768184500499)  2024-07-23T06:51Z [----] followers, [---] engagements


"@realEstateTrent @dkhos hit on this and $UBERs attack plan in the next call"  
[X Link](https://x.com/45WallSt/status/1819549197110214810)  2024-08-03T01:41Z [----] followers, [---] engagements


"@newyorkcitykopp @dkhos that should be an $UBER on that dogs nose"  
[X Link](https://x.com/45WallSt/status/1824850900478988451)  2024-08-17T16:48Z [----] followers, [--] engagements


"@EdBorgato IBM is the only counter"  
[X Link](https://x.com/45WallSt/status/1829079768811061515)  2024-08-29T08:52Z [----] followers, [--] engagements


"@BillAckman @netanyahu Admire his strength"  
[X Link](https://x.com/45WallSt/status/1830847261158580456)  2024-09-03T05:56Z [----] followers, [--] engagements


"@dog_rates If $DG was using Sisu in it's marketing the stock price wouldn't be down 42.5% YTD:"  
[X Link](https://x.com/45WallSt/status/1833656521357770868)  2024-09-10T23:59Z [----] followers, [---] engagements


"Bring @travisk back $UBER https://www.youtube.com/watchv=8j7lwauJN2s https://www.youtube.com/watchv=8j7lwauJN2s"  
[X Link](https://x.com/45WallSt/status/1834386619614593167)  2024-09-13T00:20Z [----] followers, [---] engagements


"@CorneliaLake I watch this and just think "The would all would have been better off owning $AZO or $FAST or $PSA or $POOL and just sitting on their hands." All this activity is a misallocation of effort. Love the cleaning lady at the end"  
[X Link](https://x.com/45WallSt/status/1835453698547527731)  2024-09-15T23:00Z [----] followers, [---] engagements


"@Dr_Jens_Mander Why can't he just eliminate the REIT structure and shrink the share base"  
[X Link](https://x.com/45WallSt/status/1835471486469243325)  2024-09-16T00:11Z [----] followers, [--] engagements


"@Dr_Jens_Mander Campaign Launch: Elliott Investment Management launched its "Restoring the Castle" campaign in November [----] disclosing a $2 billion investment in Crown Castle. https://www.prnewswire.com/news-releases/elliott-sends-letter-to-the-board-of-crown-castle-inc-301997894.html https://www.prnewswire.com/news-releases/elliott-sends-letter-to-the-board-of-crown-castle-inc-301997894.html"  
[X Link](https://x.com/45WallSt/status/1835589487713501678)  2024-09-16T08:00Z [----] followers, [---] engagements


"@Dr_Jens_Mander Key Demands: New executive and board leadership including the removal of CEO Jay Brown Operational and strategic review of Crown Castle's fiber business Improved corporate governance Implementation of a ROIC-based management incentive program"  
[X Link](https://x.com/45WallSt/status/1835589657050177946)  2024-09-16T08:00Z [----] followers, [---] engagements


"@Dr_Jens_Mander Criticisms of Crown Castle: Underperformance compared to peers (85% lower total return during current executive team's tenure) Poor oversight by the Board Failure of the fiber strategy led by CEO Jay Brown since 2016"  
[X Link](https://x.com/45WallSt/status/1835589782438629560)  2024-09-16T08:01Z [----] followers, [---] engagements


"@Dr_Jens_Mander Significantly Brad Singer (former CFO of $AMT and also with experience at ValueAct) joined the BoD to assist with review of the fiber business"  
[X Link](https://x.com/45WallSt/status/1835590710055301566)  2024-09-16T08:05Z [----] followers, [---] engagements


"@Dr_Jens_Mander Broadly speaking Singer probably is the best director/partner you could have. But specifically in this situation he comes with an immense amount of specific knowledge to solve for the problems that create shareholder value. https://www.linkedin.com/in/brad-singer-95a1412b5/details/experience/ https://www.linkedin.com/in/brad-singer-95a1412b5/details/experience/"  
[X Link](https://x.com/45WallSt/status/1835591841674379447)  2024-09-16T08:09Z [----] followers, [--] engagements


"@Dr_Jens_Mander If you are Steven Moskowitz/Brad Singer at this moment in time what should be the top 3-5 priorities with the primary objective being to create value for shareholders"  
[X Link](https://x.com/45WallSt/status/1835592447923228964)  2024-09-16T08:11Z [----] followers, [--] engagements


"@Dr_Jens_Mander Optimize the fiber and small cell business: Complete the comprehensive strategic review of the fiber and small cell segments. Engage with interested parties to explore potential transactions for all or part of the fiber business that could unlock significant value"  
[X Link](https://x.com/45WallSt/status/1835593640380690614)  2024-09-16T08:16Z [----] followers, [--] engagements


"@Dr_Jens_Mander I wonder if they merge their fiber business with $CCOI and take $CCOI stock as consideration for the transaction"  
[X Link](https://x.com/45WallSt/status/1835593900813332861)  2024-09-16T08:17Z [----] followers, [--] engagements


"@Dr_Jens_Mander Access to Capital: REITs often trade at higher multiples than C-corps due to their tax advantages and dividend payouts potentially allowing easier access to capital through equity issuances"  
[X Link](https://x.com/45WallSt/status/1835601525626081630)  2024-09-16T08:48Z [----] followers, [--] engagements


"@Dr_Jens_Mander While this is a "pro" if you are "selling" your equity it is a "con" in the sense that it trains management to be overly promotional and oriented around capital raising vs. compounding the value of the portfolio on a per share basis. Over time I view this as a huge negative"  
[X Link](https://x.com/45WallSt/status/1835601870766866678)  2024-09-16T08:49Z [----] followers, [--] engagements


"@Dr_Jens_Mander Cons of REIT Status: Limited Business Flexibility: REITs must derive at least 75% of their gross income from real estate-related sources limiting diversification opportunities"  
[X Link](https://x.com/45WallSt/status/1835602146932453697)  2024-09-16T08:50Z [----] followers, [--] engagements


"@Dr_Jens_Mander Higher Cost of Debt: REITs often face higher borrowing costs compared to C-corps due to their limited ability to retain earnings"  
[X Link](https://x.com/45WallSt/status/1835602434929955293)  2024-09-16T08:51Z [----] followers, [--] engagements


"@Dr_Jens_Mander Restrictions on Foreign Ownership: There are limitations on foreign ownership of REITs which could potentially limit the investor base"  
[X Link](https://x.com/45WallSt/status/1835602513287909539)  2024-09-16T08:51Z [----] followers, [--] engagements


"@Dr_Jens_Mander Broader Investor Base: C-corps attract a wider range of investors including those who don't prioritize dividend income (we have seen this with the alts). Simplified Structure: C-corps generally have simpler corporate structures & fewer regulatory requirements compared to REITs"  
[X Link](https://x.com/45WallSt/status/1835603159189971401)  2024-09-16T08:54Z [----] followers, [--] engagements


"@Dr_Jens_Mander Were I on the BoD of a tower company my top priority would be share shrink. Just copy $AZO and $NVR. Eliminate the REIT structure convert to a C-corp. Optimize FCF and shrink the share base meaningfully over time"  
[X Link](https://x.com/45WallSt/status/1835605124787617962)  2024-09-16T09:02Z [----] followers, [---] engagements


"@Dr_Jens_Mander All the international investments are stupid (US towers are better than international). "International" as it almost always is is empire building in this industry. See $AMT selling their international assets"  
[X Link](https://x.com/45WallSt/status/1835605484839358686)  2024-09-16T09:03Z [----] followers, [--] engagements


"@tanayj I sometimes wonder if Buffett's reasoning for owning $IBM when he did was he was imagining something like this taking off inside of IBM with their Watson tech. And when Watson fizzled and new competition was clearly emerging he bailed"  
[X Link](https://x.com/45WallSt/status/1842425291341480049)  2024-10-05T04:43Z [----] followers, [---] engagements


"@moseskagan @Larryjamieson_ Please explain. What is the Waymo brand perception among teenagers"  
[X Link](https://x.com/45WallSt/status/1844009538560868822)  2024-10-09T13:38Z [----] followers, [---] engagements


"@moseskagan @Larryjamieson_ Do you mind if I ask a couple follow ups (and then I will be done): You think driven by pure utility TikTok How does $UBER stack up in this vs. Waymo Just curious. Many thanks"  
[X Link](https://x.com/45WallSt/status/1844035577592836295)  2024-10-09T15:21Z [----] followers, [---] engagements


"@OliLondonTV Honorable righteous and correct course of action. Nothing but respect for the IDF and Israeli leadership. 🫡"  
[X Link](https://x.com/45WallSt/status/1850020301264109602)  2024-10-26T03:43Z [----] followers, [--] engagements


"@FarroYossi @Steven_Ballmer @BillGates In addition to his sticktoitiveness with $MSFT @Steven_Ballmer is to be admired for [--] other things: (1) He kept things simple (e.g. no complicated portfolio no complicated RE port no shorting TSLA) and (2) His philanthropic efforts are second to none in terms of importance"  
[X Link](https://x.com/45WallSt/status/1857339530359292000)  2024-11-15T08:27Z [----] followers, [--] engagements


"@FarroYossi @netanyahu Is there a very good documentary about Bibi that I can watch"  
[X Link](https://x.com/45WallSt/status/1861184859516887498)  2024-11-25T23:07Z [----] followers, [--] engagements


"@mario_cibelli $LESL seemed to me to get a rich valuation because people thought it was $POOL [---]. $POOL vs. $LESL. And they mistook COVID-era FCF generation for ongoing steady-state FCF. There is only one Elvis"  
[X Link](https://x.com/45WallSt/status/1861547518481641652)  2024-11-26T23:08Z [----] followers, [---] engagements


"@FitFounder Nobody wants Turkey. It's the worst damn meat on the planet"  
[X Link](https://x.com/45WallSt/status/1862422181143048471)  2024-11-29T09:03Z [----] followers, [--] engagements


"@GritGrowthCap There ought to be a movie called "Levered Long" where there are a bunch of panicking sellers and one loner making a big bullish bet while everyone else is losing their nerve. Thinking about an investor who went levered long $NVR $LEN $DHI $MCO $SPGI during the depths of the GFC"  
[X Link](https://x.com/45WallSt/status/1863457138040824294)  2024-12-02T05:36Z [----] followers, [---] engagements


"@Larryjamieson_ A gal just came up to me and asked the same question. My response: "A heavy cocktail of Sertraline Paroxetine Venlafaxine and Clozapine. I found some emails contemplating an investment in $FICO from several years ago and I passed. The pain of regret is rough to live with.""  
[X Link](https://x.com/45WallSt/status/1863818234459312527)  2024-12-03T05:31Z [----] followers, [---] engagements


"@lundeen_ne Mechanically how did that outcome happen Revenue growth Margin expansion Capital allocation Multiple expansion"  
[X Link](https://x.com/45WallSt/status/1865177389208055879)  2024-12-06T23:31Z [----] followers, [---] engagements


"@CoupDeToe Question: Does the new era--the deal market being open--allow for or encourage further consolidation in the nicotine market $PM and $MO merge"  
[X Link](https://x.com/45WallSt/status/1866227384367956250)  2024-12-09T21:04Z [----] followers, [---] engagements


"@bgurley @aleximm @yipitdata @Uber @lyft @WaymoCommunity Here is how Perplexity and Grok answer:"  
[X Link](https://x.com/45WallSt/status/1867321774402404753)  2024-12-12T21:32Z [----] followers, [---] engagements


"@bgurley @aleximm @yipitdata @Uber @lyft @WaymoCommunity My two questions for @bgurley: (1) If you are @dkhos facing this situation (Waymo's success and $TSLA's ambitions) at $UBER what is your move (2) Do you select into $UBER today given how the playing field is setting up"  
[X Link](https://x.com/45WallSt/status/1867323630058922243)  2024-12-12T21:40Z [----] followers, [---] engagements


"@bgurley @aleximm @yipitdata @Uber @lyft @WaymoCommunity @dkhos Perplexity answering "In context of Waymo's success what should $UBER and @dkhos be doing to maximize long term profitability":"  
[X Link](https://x.com/45WallSt/status/1867324895815778349)  2024-12-12T21:45Z [----] followers, [---] engagements


"@bgurley @aleximm @yipitdata @Uber @lyft @WaymoCommunity @dkhos Grok answering "In context of Waymo's success what should $UBER and @dkhos be doing to maximize long term profitability":"  
[X Link](https://x.com/45WallSt/status/1867325077433286667)  2024-12-12T21:46Z [----] followers, [---] engagements


"@Larryjamieson_ $FICO is better. I still don't understand what possessed the NFL to make this a Monday night matchup I still don't understand what possessed the NFL to make this a Monday night matchup"  
[X Link](https://x.com/45WallSt/status/1867337519282467279)  2024-12-12T22:35Z [----] followers, [---] engagements


"I have listened and re-listened to your Fireside Chat with Barclays. I think you did a good job"  
[X Link](https://x.com/45WallSt/status/1867835521835446780)  2024-12-14T07:34Z [----] followers, [---] engagements


"I'd like to suggest some enhancements to $UBER's reporting that I believe would provide greater transparency and insight into the company's operations. These improvements could help invstors better understand $UBER's biz dynamics and potentially lead to a more accurate valuation"  
[X Link](https://x.com/45WallSt/status/1867836011704951054)  2024-12-14T07:36Z [----] followers, [----] engagements


"1. Advertising Business Details: Quarterly disclosure of customer numbers revenue and EBITDA for the advertising segment. Show some leg on this"  
[X Link](https://x.com/45WallSt/status/1867836287476281709)  2024-12-14T07:37Z [----] followers, [---] engagements


"2. Uber One Metrics: Quarterly reporting on new signups by geo total subscribers and the contribution to revenue and EBITDA from Uber One. Shine a light on the value being delivered to customers and the value $UBER is generating for shareholders from this segment"  
[X Link](https://x.com/45WallSt/status/1867836642725147064)  2024-12-14T07:38Z [----] followers, [---] engagements


"3. Autonomous Vehicle(AV) Data: More comprehensive information on AV integration & performance on the $UBER network. Disclose specific offensive/defensive moves $UBER is taking around this issue. Shareholders need a more robust "plan of attack" on this front to have confidence"  
[X Link](https://x.com/45WallSt/status/1867837292154597491)  2024-12-14T07:41Z [----] followers, [---] engagements


"@dkhos [--]. Reduce the Share Count and Stock-Based Compensation: A clear strategy to reduce share count over time. Elimination of stock-based compensation add-backs to EBITDA. A plan to phase out stock options in favor of alternative compensation methods"  
[X Link](https://x.com/45WallSt/status/1867838323584381334)  2024-12-14T07:45Z [----] followers, [---] engagements


"@dkhos (just have $UBER copy companies like $MA $AZO $NVR $FICO and shrink the share base meaningfully)"  
[X Link](https://x.com/45WallSt/status/1867838505415475269)  2024-12-14T07:46Z [----] followers, [---] engagements


"@dkhos [--]. Insurance Cost Disclosure: Detailed breakdown of insurance costs and their impact on the business. As Mr. Mahendra-Rajah discussed at Barclays this is a source of operating leverage. Disclose it so investors have the figures"  
[X Link](https://x.com/45WallSt/status/1867838896131735756)  2024-12-14T07:47Z [----] followers, [--] engagements


"@dkhos The rationale behind these suggestions is rooted in the principle that "what gets measured gets managed." By providing this level of detail $UBER would demonstrate commitment to transparency and give investors a clearer picture of the co's efficiency and growth drivers"  
[X Link](https://x.com/45WallSt/status/1867839114524913894)  2024-12-14T07:48Z [----] followers, [--] engagements


"@dkhos These enhanced disclosures would allow for more accurate modeling of $UBER future performance and highlight the company's progress in key strategic areas. Additionally they would show Uber's dedication to shareholder value creation through active capital mgmt and ops excellence"  
[X Link](https://x.com/45WallSt/status/1867839487398871317)  2024-12-14T07:50Z [----] followers, [---] engagements


"@dkhos I believe implementing these reporting improvements would significantly benefit both Uber and its investors by fostering a deeper understanding of the business and potentially leading to a more favorable market valuation and risk-mitigation (via shining spotlight on it)"  
[X Link](https://x.com/45WallSt/status/1867839737123549354)  2024-12-14T07:51Z [----] followers, [--] engagements


"@dkhos Thank you for considering these suggestions. I look forward to seeing $UBER continued growth and success under your financial leadership. @dkhos @andrewgordonmac"  
[X Link](https://x.com/45WallSt/status/1867840075641626850)  2024-12-14T07:52Z [----] followers, [---] engagements


"@dkhos @andrewgordonmac You might also consider highlighting the value of $UBER's NOLs to shareholders. Operating leverage generating cash flow inside of an entity with $40B of NOLs and nobody talks about the NOLs"  
[X Link](https://x.com/45WallSt/status/1867842203957285048)  2024-12-14T08:00Z [----] followers, [---] engagements


"@dkhos $AZO Why did it work There was significant shrinkage"  
[X Link](https://x.com/45WallSt/status/1867851670564352111)  2024-12-14T08:38Z [----] followers, [---] engagements


"@dkhos $MA Why did it work There was significant shrinkage"  
[X Link](https://x.com/45WallSt/status/1867853409338241476)  2024-12-14T08:45Z [----] followers, [---] engagements


"@dkhos $FICO Had share count shrinkage"  
[X Link](https://x.com/45WallSt/status/1867854274216198197)  2024-12-14T08:48Z [----] followers, [---] engagements


"Going back through your files at $ADI tonight. Impressive. $UBER is benefiting tremendously from your years of experience analytical rigor and capital allocation skills. https://investor.analog.com/static-files/7f60ab97-5733-4e63-ba47-76aa7592f463 https://investor.analog.com/static-files/7f60ab97-5733-4e63-ba47-76aa7592f463"  
[X Link](https://x.com/45WallSt/status/1867872276915589288)  2024-12-14T10:00Z [----] followers, [---] engagements


"Oh Lord please sprinkle the holy water that was sprinkled on $ADI on $UBER. Give Prashanth Mahendra-Rajah the wisdom discernment and creativity to tax-efficiently compound FCFPS from $4.80 in '25 to $10+ in '28 and significantly shrink the number of shares outstanding. Amen"  
[X Link](https://x.com/45WallSt/status/1867877561776148811)  2024-12-14T10:21Z [----] followers, [---] engagements


"@mario_cibelli @dkhos @andrewgordonmac 👆👀 Alax Wang IR at $UBER should proactively try to answer all these questions for next call or at least give investors some tidbits on how $UBER is facing these challenges/threats head on"  
[X Link](https://x.com/45WallSt/status/1868584429448565038)  2024-12-16T09:10Z [----] followers, [---] engagements


"@compoundpapi You thinking about $LOTB too"  
[X Link](https://x.com/45WallSt/status/1868584832189784397)  2024-12-16T09:11Z [----] followers, [---] engagements


"@FarroYossi Good book. Wish it had been accompanied by the financial statements so that you could study the progression from year to year. But overall Gross did a great job"  
[X Link](https://x.com/45WallSt/status/1869114758953390136)  2024-12-17T20:17Z [----] followers, [---] engagements


"@JasonGreenwal12 @Larryjamieson_ Do you have a vehicle that you are using to make these investments Audited financial statements"  
[X Link](https://x.com/45WallSt/status/1869244879903264961)  2024-12-18T04:54Z [----] followers, [---] engagements


"@tanayj That SBC is really something"  
[X Link](https://x.com/45WallSt/status/1870624009542623646)  2024-12-22T00:14Z [----] followers, [---] engagements


"@Larryjamieson_ @sama Please make it be a time machine and just let me own $FICO with leverage and LEAPS 🙏 with 💎 🙌"  
[X Link](https://x.com/45WallSt/status/1871737560080466378)  2024-12-25T01:59Z [----] followers, [--] engagements


"@VladTheInflator ((4282/355)(1/32))-1 = 8.09% CAGR . Interesting . Probably could/should charge more"  
[X Link](https://x.com/45WallSt/status/1872171015046136047)  2024-12-26T06:42Z [----] followers, [---] engagements


"@VladTheInflator In inflation-adjusted terms that hotel room in [----] in today's dollars would be $798.29. So real pricing power is only ((4282/798)(1/32))-1 = 5.4% p.a"  
[X Link](https://x.com/45WallSt/status/1872177883437035613)  2024-12-26T07:09Z [----] followers, [--] engagements


"@tanayj ((4500/225)(1/8))-1 = 45.4% CAGR And $MORN already owned about 20% of PitchBook prior to the acquisition"  
[X Link](https://x.com/45WallSt/status/1872421306572104100)  2024-12-26T23:16Z [----] followers, [---] engagements

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