The banks in Brazil at the time were making 50% return on equity. They had the highest banking fees in the world. They had interest rates on credit cards of 300% a year. And they were serving customers terribly. So the opportunity was enormous.
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Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it is always Day 1.
Jeff Bezos
A personality-driven business is somehow both powerful and fragile at the same time. Witherspoon's whole 'homecoming' narrative is complete PR, in my opinion. She sold control of Hello Sunshine when money was dumb.
Polina Pompliano
A combined entity is an incredible concentration risk, where Tesla continues to build inside of China. If SpaceX and Tesla combined it would be in the area of a corporation with a market cap of around $3.5 Trillion dollars. To put things in perspective that's about equal to the GDP of France.
Michael Spencer