Terence Kawaja
@tkawaja
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Following
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media/tech advisor, banker, contrarian, comedian - often all of the above.
New York
Joined February 2009
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"We have a President without shame supported by a political party without spine and promoted by a network without ethics" -
@tomfriedman
just nailed it on
@FareedZakaria
GPS with appropriate reference to
@DovSeidman
. Also great commentary from
@davidfrum
.
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@therecount
The utterance of such a boldface lie can only be followed by a rapid exit from the stage. This woman is a disgrace to the nation and humanity.
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Increasingly I find myself using
@profgalloway
expressions (Gallowisms?) in business contexts. So far my favorites are:
1. Gross idolatry
2. Consensual hallucination, and
3. Gangster
Bonus points for using all three in a single meeting!
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Larry Summers on why he's not worried about a collapsing US dollar due to COVID-triggered government borrowing:
"It would have to collapse against an alternative.
Europe is a museum
Japan is a nursing home
China is a jail
and Bitcoin is an experiment"
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I want to have a mid life crisis with $160 billion
Hi, Jeff Bezos’s stylist? Yes, call your office it’s urgent
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SPAC IS THE NEW BLACK: SPACs (Special Purpose Acquisition Companies) are all the rage these days. In this thread, I want to say a few things about SPACs that I learned in my research of the market. 1/15
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@jaketapper
@SpeakerPelosi
Everyone's experienced an asshole boss at least once in their careers
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I don't know about you but I'm looking forward to see Chris Wallace mix it up with
@profgalloway
on CNN+.
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@Scaramucci
@davidfrum
Hmmm who should I believe: Frum, a thoughtful scholar with well reasoned perspectives or a vulgar opportunist sycophant. Tough one but I’ll go with Frum.
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Tax the unvaccinated. Their “freedom” has a material cost to society that shouldn’t be borne by the vaccinated.
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Netflix (finally) enters the ad market: welcome to the coming advertising quadropoly!
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I am quite proud of the many Twitter followers I lost yesterday due to my comments calling out the lunacy of the President. Good riddance to the fools who support this most anti-American would-be tyrant clown.
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Introducing the SPAC LUMAscape which maps 255 SPACs
- 70 de-SPACed across 6 verticals, and
- 185 SPACs searching for a target with over $65 billion in cash
Please let us know about omissions.
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Some top shelf wisdom from
@profgalloway
. Hopefully we will stop honoring / tolerating / placating / electing stupid people. Full post:
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With much of the workforce WFH, no conferences and no sports to watch, folks will have a lot of time on their hands. I am contemplating launching some webinars to 1) stay in touch with the industry, 2) maintain engagement despite social distancing, 3) something to do. Who's in?
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Incredible how, when there is real time news (in this case SVB) that no other platform but Twitter matters. Facebook, Insta, YouTube, TikTok, trad media all irrelevant while the fire is burning.
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Starbucks valuation: $108 Bn
WeWork valuation: $15 Bn and dropping
WeWork sells workspace, but gives away coffee.
Starbucks sells coffee, but gives away workspace.
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Congratulations to
@aripap
@ssamadi
@ramrengaswamy
and the entire
@beeswaxio
team on their sale to
@comcast
@freewheel
. And congratulations to
@daveclark
and
@JenckesM
on a very strategic acquisition. An OG transaction all around!
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Scott Galloway
@profgalloway
with another big win predicting a
@Twitter
subscription product just three weeks ago! How will
@karaswisher
ever contain him?
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@jason_kint
Pro tip: if you own an iOS device, next week is likely to bring you the most significant deprecation of content and ad relevancy in the history of the internet. And it will kneecap publishers.
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.
@adambain
@anthonynoto
I'm watching football. On Twitter. From China. Damn if that's not the epitome of American freedom.
#TNF
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Introducing the Facebook Ad Boycott LUMAscape for responsible brands to demonstrate that their purpose statements are more than just virtue signaling.
#StopHateForProfit
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Now THAT's what I'd call EXCEPTIONALISM.
Well done Germany!
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INCREDIBLE: The 2 largest independent Ad Tech companies are valued higher than the 4 largest Ad Agency holding companies!
#signofthetimes
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It always amazes me how, during live events, Twitter is where it all happens and Facebook is a ghost town
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PERSONAL NEWS: After 11 1/2 great years running LUMA, I have decided to . . . keep doing just that. Stand by for a new year of deal announcements!
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WELCOME BACK! After a hiatus, LUMA’s Digital Media Summit is back. We will host 500 leaders on May 17th in NYC for a full day of content, dialogue and networking. Not virtual. Not hybrid. IN-PERSON, the way human interaction was meant to be.
#DMSBYLUMA
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10 years ago I was working at a small advisory firm attempting to revive my career that I self-derailed at bulge bracket firm. Since then I launched and grew a global banking franchise with A-team of partners and raised 2 great boys with awesome wife. Can’t wait for next decade!
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Amazing how much cleaner the LUMAscape is when filtered for $100 MM in revs cc
@timcadogan
@OpenX
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@robleathern
Great. Now do the same thing with all political advertising so that your platform doesn't continue to be weaponized against our democracy. Or is that not worth the lost profits?
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PRO TIP: Zoom allows for both background images AND VIDEOS. So when I'm on a particularly tedious Zoom call, I just put this video on a loop and head to to my (home) bar. Problem solved!
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@rachelsklar
@brianstelter
@JasonMillerinDC
That guy is complete scum. WTF for
@CNN
for hiring him in the first place!
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I tried an experiment last night: I watched regular linear TV for the first time in ages. For two hours. The commercial load is absolutely intolerable.
#cantgoback
#goodluckbundle
cc
@RichBTIG
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Ad Tech vs. Agencies: The incredible story of the last 3 years!
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@profgalloway
From my interview with a FB ad business ethics exec last year: “you’ve had 18 measurement errors in recent years, all of which went your way. That’s not a mistake, it’s a strategy!”
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Looking for a last-minute Halloween costume idea? For many, it’s in your closet.
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COULD IT BE that Vox CEO Jim
@Bankoff
plans to cut the Pivot Podcast expenses in half by replacing
@profgalloway
with ChatGPT which will be programmed to banter with
@karaswisher
?
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All these wasted hours with endless panel discussions on the Metaverse. IT DOESN'T EXIST PEOPLE! Seriously, I know marketing loves a shiny new object but this is a kin to being punked. Focus people - it's Q4 and a recession is likely coming. Priorities!
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The Black LUMAscape is working! The CCO of a major ad firm just told me they sent it to their business development team directing them to shift spend to Black-owned companies on the scape. This makes me very happy!
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I was reading an article on the Taboola / Outbrain deal break up and couldn't help but notice the ad creative at the bottom...😀
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With so much
@profgalloway
content (speaking, videos, blog, podcasts), I challenge you to play ProfG Bingo!
@section_four
@karaswisher
#funforthewholefamily
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@alanjpatricof
is such an incredible role model. His running the NYC marathon at 88 is a great analogy for his career. I’ll have what he’s having!
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Lost my phone in an Uber 3 days ago and as a result spending more time with the family. They seem nice.
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Are you ready for today's episode of the Pivot podcast with
@karaswisher
and
@profgalloway
? Download the latest ProfG Bingo card and play along!
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Dueling NDAs is the biggest waste of time in dealmaking. Useless activity for lawyers to negotiate. There should be standard NDAs in the cloud that everyone can use. EOM.
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I don’t know whether to cheer (Canadian) or cry (moved to US 30 years ago). Wait till
@profgalloway
sees this - he thinks we’re dreamy.
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Doesn’t matter how long I’ve lived in NYC, the Hudson approach vector to LGA on a clear day never gets old.
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@profgalloway
@karaswisher
@ApplePodcasts
@Spotify
His podcast. Her podcast. Their podcast. Dr. Seuss says it's all good.
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33 RULES FOR A BETTER CAREER AND A HAPPIER LIFE is a compilation of maxims I’ve developed based on my experience over a three decade career on Wall Street. Many are overlapping and complementary, even contradictory. These rules apply to everyone, not just Bankers. A thread.
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One of these bearded Senate hearing participants is a crazed man bent on distorting truth for the purpose of undermining our very democracy. The other is Jack Dorsey.
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Ad Tech’s Rollercoaster Timeline:
2007: M&A fever! 😀
2009: Recession - it’s over. ☹️
2013: IPO fever! 🍾
2016: GAFA killing us. 🤪
2018: Privacy – we’re screwed. 🥲
1H 2020: Cookies, IDFA, COVID – it’s over. 😝
2H 2020: IPOs are back, TTD > $40 Bn! 😎
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@NBCNewYork
Excuse me but NYC has always embraced its designation as an anarchist jurisdiction.
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The impact of cookie deletion on LUMAscape companies is (apparently) subjective
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Congratulations to
@mbarrettgeo
and the entire
@magnite
team on their $1.17 billion acquisition of SpotX!
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Let me get this straight. Elon is threatening to ‘thermonuclear’ name and shame his paying customers who have understandably chosen to pause ad spend given the uncertainties on the platform instigated by its owner. Clearly a strategy of a clear-minded, non-petulant executive.
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I have zero tolerance for
@AOC
attacking
@ProjectLincoln
. Zero. Unity is needed to finish the race!
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My 2024 Cannes parody video is out: Pitching in the Street. Is there a creative award for parodies?
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11 years ago today I became a US citizen. While things have gone a bit wobbly of late, I remain an optimist and a patriot. More than ever, I am committed to the defense and promotion of this republic and democracy. I’m so glad I got the right signatory to this important letter!
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