Epstein Secrets

017. • Enterprise: Consumerization of the enterprise through better interfaces is spurring growth for companies like Dropbox and Slack. • China: Alibaba is expanding beyond China with strong gross merchandise volume, though Amazon still rules in revenue. • Privacy: China has a big opportunity as us

ples include how 60% of payments are done digitally, six hours a day are spent on a mobile (but mobile device volume growth is now basically zero), eCommerce hit 20% of China retail (and fastest growing in the world), US it is at 13%. Amazon R&D & Capex +45% YoY (Apple just 5%) and more than any other com

n 2017. Enterprise: Consumerization of the enterprise through better interfaces is spurring growth for companies like Dropbox and Slack. • China: Alibaba is expanding beyond China with strong gross merchandise volume, though Amazon still rules in revenue. EFTA_R1_01924846 EFTA02670996 Privacy: Chi

mples include how 60% of payments are done digitally, six hours a day are spent on a mobile (but mobile device volume growth is now basically zero), eCommerce hit 20% of China retail (and fastest growing in the world), US it is at 13%. Amazon R&D & Capex +45% YoY (Apple just 5%) and more than any other co

r Internet sentiment ranking screen (page 7), FB, WIX, TREE have best sentiment while TWTR and TRIP have weakest. A few early checks positive, mixed eCommerce data Our early ad checks suggest robust overall demand, aided by somewhat easy comps vs 1Q’16, with Instagram momentum a standout. eCommerce is more

acceleration in 2017. Risks to our price objective are: 1) competition from Amazon and other new Marketplaces in the U.S., competition from Amazon, Alibaba and local incumbents in International markets, and competition from multi-channel retailers that are aggressively investing in the online channel, 2)