What We Published

This week's output: 4 articles and 3 podcasts

In Defense of WeWork's Community-Adjusted EBITDA

by Evan Armstrong in Napkin Math

Whether you heard about EBITDA for the first time in the recent WeWork documentary, or have been aware of it long enough to be shocked by Adam Neumann's "community-adjusted" twist to the term, Evan's latest primer is for you. The twist? He doesn't think it's as wonky as everyone else might. "EBITDA is made up," he writes, "but so is the rest of finance"—which makes it useful. Evan's takes keep getting hotter, but they're always backed up by facts—and his trademark wit.

Read (11 minutes)

Apple is Holding Back the Creator Economy

by Li Jin, Nathan Baschez & Yash Bagal in Means of Creation