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Today, Acquired dropped its longest single episode to date. A 6-hour odyssey exploring Meta. We've once again teamed up with Ben & David to create complementary visuals for the episode. Here's the first one. Visualizing Meta's revenue growth and key milestones since inception:

Agriculture equipment giant Deere & Company may appear boring at first glance. Under the hood lies a complex and fascinating entity with a rich 187-year history, leveraging cutting-edge chips, sensors, and autonomy technology. Deere & Company has grown its EPS at a 11.7% CAGR, or 38x, since 1990:

The Debit Card Network Debit card payments are a necessity in most of our lives. According to the Federal Reserve, over 100 billion debit card payments were made in 2021, compared to 51 billion for credit cards. In transaction value, debit cards processed $4.6 trillion, while credit cards hit $4.9 trillion, meaning credit transactions are about double in average value. There are two totally dominant debit card networks in the U.S., Visa with 60% of all debit transactions and Mastercard with about 25%. The fee structure is quite complex, varying by region, PIN use, card presence, number of merchant locations, and transaction volume. Nonetheless, Visa and Mastercard take a cut every time a transaction runs through their network. As Warren Buffett once said: "The best business is a royalty on the growth of others, requiring little capital itself." For a deeper understanding of Visa's moat and the debit card network, we recommend DOJ's antitrust lawsuit document on Visa which can be found on their website.

Over Deere & Company's incredible 187-year history, farming has changed beyond recognition. Buckle up. From horse-drawn plows to cutting-edge tech, this journey takes us from the dusty fields of 19th century Illinois and leads to the farms of tomorrow. Secure the upcoming issue of Edge and explore the story of Deere & Company. Link below.

Evolution Q3 2024 🃏 "We are continuing to build Evolution to capitalize on the great opportunity that online casino constitutes in the years to come." - CEO, Martin Carlesund Net revenue +15% y/y *FX-neutral +19% *Live +16% *RNG +8.5% *Asia +18% *North America +19% Adj. EBITDA +12% *Marg. 68.5% (70.4) Adj. EBIT +11% *Marg. 61.5% (63.4) Note: numbers are adjusted for the reduced earn-out liability effect ("other operating revenues").

Hermès Q3 2024 🇫🇷 Revenue growth by business line:

Tesla Q3 2024 Revenue +8% *Automotive +2% *Energy Gen. & Storage +52% Gross Profit +20% *marg. 19.8% (17.9) EBIT +54% *marg. 10.8% (7.6) Adj. EBITDA +24% *marg. 18.5% (16.1) EPS +17% FCF +223% Stock AH +7%

L'Oréal Q3 2024 🇫🇷 "The situation in the Chinese ecosystem has become even more challenging, but we believe in the future of this market and hope that the governmental stimulus will help improve consumer confidence." - Nicolas HIERONIMUS, CEO Revenue +3.4% (Like-for-like) By Division *Professional Products +6.1% *Consumer Products +1.4% *Luxe +5.8% *Dermatological Beauty +0.8% By Region *Europe +5.6% *North America +5.2% *North Asia -6.5% *SAPMENA-SSA +8.0% *Latin America +8.6%

This infographic breaks down the key chip suppliers for Apple's iPhone 15 Pro – the majority of which are publicly traded. Looking at an iPhone, we think of it as purely an Apple product. Although, peeking inside, we find chip companies from around the globe working together. And even though these 10+ companies are highly important, there are literally hundreds of other companies involved behind the scenes – many of which are just as, or even more, crucial. Some names that come to mind are TSMC who manufacture all of the advanced chips shown below, including Apple's own processor, and semiconductor manufacturing equipment giants such as ASML, KLA, Lam Research, and Applied Materials. Companies included in the infographic are: Broadcom, Texas Instruments Cirrus Logic, Qualcomm, Bosch, STMicroelectronics, NXP Semiconductors, Skyworks Solutions, Inc., Qorvo, Inc., SK hynix, and Renesas Electronics. Thanks for the incredible teardown TechInsights!

Farfetch once aimed to dominate the luxury e-commerce market, but things didn't go as planned. Mounting losses, aggressive spending, and a spree of acquisitions led to investor concern. Farfetch's stock collapsed from a high of $73 during the pandemic in 2021 to under $1 in December 2023. As the company scrambled to avoid bankruptcy, Korean e-commerce giant Coupang stepped in with a $500 million rescue deal, wiping out all equity holders. With Coupang's operational strength, the future of Farfetch now lies in the hands of its new owners.