Experience Stern | News & Events

Excerpt from Business Insider -- "While eco-friendly features like recyclable or compostable packaging 'used to be a nice-to-have, it's now a must-have.' If a brand over-packages today, they're 'incredibly vulnerable to being seen as out of touch,' according to Adamson."

Excerpt from the Financial Times -- "With his colleagues Derrick Wirtz and Dale Miller [Kruger] replicated the longstanding findings that college students believe you should trust your first answer in a multiple choice question, and yet that switching to a second answer tends to improve your grades."

Excerpt from CNBC -- "I certainly agree with the call for creating a new tech regulatory agency, there is some damage to Facebook from Zuckerberg's voting control. But I think spinning off WhatsApp and Instagram is not really going to solve the core issue that Facebook's business model -- optimizing advertising revenue -- is at odds with a lot of other societal objectives, and simply splitting Facebook up into WhatsApp and Instagram and Facebook is not going to solve that problem."

Excerpt from Knowledge@Wharton -- "Companies compete for our limited attention by creating products that are impossible to resist."

Excerpt from Bloomberg -- "I think this is a liquidity event for the early investors... [i.e.] cashing out your investments in the early rounds. So, they're taking advantage of [the fact that] this is a pricing game, rather than a valuation game for Uber. You tell a good compelling story and then you fetch the highest price possible. That is what's happening here."

Excerpt from BBC -- "We shouldn't just be too pessimistic about what can be done. Individuals can do a lot, even in deprived communities—maybe especially in deprived communities, if other firms have just not bothered to go in there."

Excerpt from Seeking Alpha -- "One is struck by the sharp drop in the 2018 revenue growth rate (42%). True, following a fast growth period, a certain slowdown is expected, but this 2018 slowdown seems a bit early in Uber's game. The quarterly revenues confirm the slowdown - third and fourth quarters 2018 and first quarter 2019 (estimated) revenues were rather flat: $2,944 million, $2,974 million, and $3,075 million (mid high-low), respectively. Is competition taking its toll or is it the constant push-back from cities and taxi drivers? In any case, Uber's road ahead surely appears challenging."

Excerpt from Bloomberg -- "'The trillion dollar valuation will come if they can spend the next five to 10 years getting to that place where more is spent on Uber than on any other form of transportation,' Sundararajan said. 'The trouble is that’s going to require keeping investors at bay who are putting pressure on Uber to deliver earnings.'"

Excerpt from Yahoo -- "'I’d be curious of how they project to increase that price over time. Because they’re going to use that [price] to try and get a big number of subscribers, and over time they’ll probably pivot and start to increase the mind.'"

Excerpt from Bloomberg -- "The tax on digital ads creates an incentive to go back to a subscription model that many online firms use where people know what they pay and then compare it to what they get back. The tax I propose could also be progressive so that you pay a higher tax if you combine two firms."

Excerpt from Luxury Daily -- "'Luxury brands have come to realize that they are competing in a global market and need to address customers of various cultural backgrounds,' said Thomaï Serdari, brand strategist and professor of luxury marketing at New York University and coeditor of 'Luxury: History Culture Consumption,' New York."

Excerpt from CBS News -- "The company would do well to execute on that strategy, according to Arun Sundararajan, professor at NYU's Stern School of Business. 'One of the biggest mistakes Uber could make after going public would be to spend too much time managing short-term earnings and to try to become profitable too soon,' Sundararajan said."

Excerpt from MarketWatch -- "'If you think about how many people are citizens of Facebook-land, there's 2.5 billion people and they could really become a serious rival to the federal reserve.'"

Excerpt from OZY -- “We’re in a world of peak media right now,” says Paul Hardart, director of the entertainment, media and technology program at NYU’s Stern School of Business. “The big tech companies see a huge opportunity in maintaining an ongoing relationship with audiences, and gaming is a great way to keep people engaged.”

Excerpt from Bloomberg -- “There’s simply no way to significantly outperform the market when you’re a $40 billion fund,” said David Yermack, a finance professor at New York University. “It becomes more and more difficult the larger you get.”

Excerpt from Bloomberg -- "'IRR can be manipulated. The worst manipulation is investments made using the funds credit to make investments without actually calling the funds producing an infinite IRR,' [Semmens] said in an email, adding that MOIC alone measures the overall profitability of investments, but not an annual return. 'The IRR could be high but very short term such the profit might be small."'

Excerpt from BBN Times -- "Steven A. Altman, Pankaj Ghemawat, and Phillip Bastian have written 'DHL Global Connectedness Index 2018: The State of Globalization in a Fragile World' (February 2019). Most of the report is country- and region-level descriptions of the level globalization."

Excerpt from MarketWatch -- "Consider a stock market sentiment index that was introduced 15 years ago by Harvard Business School professor Malcolm Baker and New York University finance professor Jeffrey Wurgler. In a landmark study published in the prestigious Journal of Finance, they reported that their index had an impressive historical record identifying periods of extreme bullishness or bearishness."

Excerpt from Tahawul Tech -- “There is a tremendous amount of misplaced optimism, and at the same time fear about AI, which has become a buzzword. The challenge we are observing with leaders from government and businesses is that they often lack context and do not actually understand what the technology is and that’s important because the decisions they are making will have long-term ramifications.”

Excerpt from O Magazine -- "The Algebra of Happiness: Notes on the Pursuit of Success, Love, and Meaning by Scott Galloway"

Excerpt from ABC News Australia -- "Professor Alter also warned Instagram users only ever presented 'the best versions of their lives' online, which could lead to feelings of deprivation among those viewing their posts."

Excerpt from CNBC -- "NYU Stern professor Aswath Damodaran, known as 'Wall Street’s Dean of Valuation,' valued Uber at only $60 billion, saying the company is 'struggling with a way to convert revenue growth into profits.'"

Excerpt from Bisnow Boston -- "'[Competition from Marriott] is a significant challenge for a player like Airbnb,' New York University Stern School of Business professor Allen Adamson said. 'Being first matters, but being the best wins the day.'"

Excerpt from Traders Magazine -- "In 'How Do Insiders Trade?' by Patrick Augustin (McGill University, Desautels Faculty of Management), Menachem Brenner and Marti G. Subrahmanyam (New York University), and Gunnar Grass (HEC Montréal), the researchers suggest a framework for how investors might best leverage their private information in the options market."

Excerpt from The New York Times -- "I asked Gustavo Schwed, a professor of private equity at New York University who spent 24 years in the industry, to help me review the documents. Schwed pored over the many years of financial data and located two separate debt transactions, one of which was so esoteric I would never even have known to look for it. Together, these transactions explained not just the mysterious 2012 loan but, indirectly, the way the deal finally unraveled."