Agents Coming for the Middlemen: Will Muse Kill the OTA or Just Change the Landlord?

Meta's Muse agent wiped roughly $54B off the travel aggregators in two weeks. The market is pricing a supply shock but what actually happened is a…

Sep 24 • Thomas Reiner

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Tech Dilution is Creeping Up Again + The Per-Employee Lens

Run-rate dilution has risen for four straight quarters across software and internet. New per-employee metrics on the tracker + 2Q26 leaderboard and deep…

Sep 22 • Thomas Reiner

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AV Fleet Tracker Bottoms Up: 5.5k+ Vehicles | PA Dispatch No. 15

A quick view of this week’s shifts in platforms, valuations, and AI adoption. Numbers, context, and curated reads you can use.

Sep 15 • Thomas Reiner

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August 2026

Everyone Is Playing a Different Robotaxi Game

Waymo wants every city. Tesla wants the cost curve. Uber wants everyone else's AVs. Zoox wants a premium. Someone's wrong.

Aug 26 • Thomas Reiner

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March 2026

SBC Dilution Benchmarks: What the Data Actually Shows | PA Dispatch No. 14

A quick view of this week’s shifts in platforms, valuations, and AI adoption. Numbers, context, and curated reads you can use.

Mar 26 • Thomas Reiner

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SBC & Dilution Tracker Dashboard Launch

Quarterly dilution analytics, a live leaderboard, and source-auditable methodology across 80+ public companies, all in one place.

Mar 20 • Thomas Reiner

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Uber Is Quietly Winning the AV Rideshare Setup

Waymo leads today, Tesla is still mostly narrative, Lyft is stuck in between, and by the end of 2027 Uber may sit in the best economic position of all.

Mar 12 • Thomas Reiner

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Platform Margins Update + A New MCP/GPT Tool for Transcript Research | PA Dispatch No. 13

A quick view of this week’s shifts in platforms, valuations, and AI adoption. Numbers, context, and curated reads you can use.

Mar 6 • Thomas Reiner

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February 2026

Uber’s SpotHero Acquisition Is an Autonomous Infrastructure Bet | PA Dispatch No. 12

A quick view of this week’s shifts in platforms, valuations, and AI adoption. Numbers, context, and curated reads you can use.

Feb 24 • Thomas Reiner

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Platform Aeronaut Transcripts: Earnings Transcripts, Decks & Summaries in One Place | PA Dispatch No. 11

A quick view of this week’s shifts in platforms, valuations, and AI adoption. Numbers, context, and curated reads you can use.

Feb 13 • Thomas Reiner

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AV Rideshare Fleet Sizing: Why the Optimum is Just Shy of Peak

An interactive model to pressure test optimal fleet size by MSA and city. Should AV fleets be sized to peak, average, or trough demand?

Feb 2 • Thomas Reiner

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January 2026

The Great Debate: OTAs, AI, and the End of the 10 Blue Links Era | PA Dispatch No. 10

A quick view of this week’s shifts in platforms, valuations, and AI adoption. Numbers, context, and curated reads you can use.

Jan 28 • Thomas Reiner

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