Worm Capital Q&A With Clayton Christensen On Disruptive Innovation — and His Most Recent Book: “The Prosperity Paradox”

Disclosures:

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital.

The opinions expressed herein are those of Worm Capital, LLC and Clayton Christensen and are subject to change without notice. The company (or companies) identified or referenced herein is an example of a current or potential holding or investment target and is subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable.

Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not constitute as an endorsement of any kind. Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request. WRC-19–02

Nov 8, 2018, 08:52am

Brick and Mortar Retail: A Case Study in Disruption — Or a Self-Inflicted Wound?

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or

warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete,

and such information is always subject to change without notice. Shareholders and other potential investors should conduct

their own independent investigation of the relevant issues and companies involved in this article. This document may not be

copied, reproduced or distributed without prior consent of Worm Capital. Arne Alsin and Worm Capital clients are currently

long Amazon (AMZN) stock and call options. The opinions expressed herein are those of Worm Capital, LLC and are subject

to change without notice.

This information should not be considered a recommendation to purchase or sell any particular security. It should not be

assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations

or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital

reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not

constitute as an endorsement of any kind. Worm Capital, LLC is an independent investment adviser registered in the

Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More

information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2,

which is available upon request. WRC-18–17.

Too Many Corporations Act for the Short-Term. That Should Change.

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital.

The opinions expressed herein are those of Worm Capital, LLC and are subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not constitute as an endorsement of any kind. Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request. WRC-18–09

Q&A: MIT Professor Donald Sadoway On The Future of Battery Storage And Renewable Energies

Disclosures

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital. Arne Alsin and Worm Capital clients are currently long Tesla (TSLA) stock and call options, and stand to benefit if the trading price Tesla increases.

The opinions expressed herein are those of Worm Capital, LLC and Donald Sadoway and are subject to change without notice. The company (or companies) identified or referenced herein is an example of a current or potential holding or investment target and is subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not constitute as an endorsement of any kind. Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request. WRC-18–07

Disclosures:

Q&A with Martin Ford

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital. Arne Alsin and Worm Capital clients are currently long Amazon (AMZN) stock and call options, and stand to benefit if the trading price Amazon increases.

The opinions expressed herein are those of Worm Capital, LLC and Donald Sadoway and are subject to change without notice. The company (or companies) identified or referenced herein is an example of a current or potential holding or investment target and is subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not constitute as an endorsement of any kind. Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request. WRC-18–08

Future of Media: Disclosures

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital. Arne Alsin and Worm Capital clients are currently long Amazon (AMZN) and Netflix (NFLX) stock and call options and stand to benefit if the trading price of Amazon or Netflix increases.

The opinions expressed herein are those of Worm Capital, LLC and are subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not constitute as an endorsement of any kind. Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request. WRC-18–06

Why Pension Funds And Institutions Should Embrace Green Disruption

Disclosures:

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital.

The opinions expressed herein are those of Worm Capital, LLC and are subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not constitute as an endorsement of any kind. Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request. WRC-18–05

How Voice Technology Is Disrupting Modern Computing: And Why Investors Should Be Listening 2–21–2018

Disclosures:
Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or
warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete,
and such information is always subject to change without notice. Shareholders and other potential investors should conduct
their own independent investigation of the relevant issues and companies involved in this article. This document may not be
copied, reproduced or distributed without prior consent of Worm Capital. Arne Alsin and Worm Capital clients are currently
long Amazon (AMZN) stock and call options. The opinions expressed herein are those of Worm Capital, LLC and are subject
to change without notice.
This information should not be considered a recommendation to purchase or sell any particular security. It should not be
assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations
or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital
reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market
dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not
constitute as an endorsement of any kind. Worm Capital, LLC is an independent investment adviser registered in the
Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More
information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2,
which is available upon request.WRC-18–02

DISCLOSURES

2018 Investor Outlook: How Technological Disruption Is Reshaping The American Economy (1–22–18) WRC-17–29.

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital. Arne Alsin and Worm Capital clients are currently long Amazon (AMZN) and Tesla (TSLA) stock and call options, and also own put option positions in IBM and are short the stock and stand to benefit if the trading price of Amazon or Tesla increases and/or the trading price of IBM decreases. The opinions expressed herein are those of Worm Capital, LLC and Noel Perry and are subject to change without notice. The company (or companies) identified or referenced herein is an example of a current or potential holding or investment target and is subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not constitute as an endorsement of any kind. Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request. WRC-17–29.

Beyond Tesla’s Semi-Truck: The Future of Trucking and Transportation (WRC-17–28) 11–28–2017

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital.

Arne Alsin and Worm Capital clients are currently long Tesla (TSLA), and stand to benefit if the trading price of Tesla increases.

The opinions expressed herein are those of Worm Capital, LLC and Noel Perry and are subject to change without notice. The company (or companies) identified or referenced herein is an example of a current or potential holding or investment target and is subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results.

Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not constitute as an endorsement of any kind.

Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request.

Larry Fink: Is BlackRock Doing Its Job? (WRC-17–27) 11–21–2017

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital.

The opinions expressed herein are those of Worm Capital, LLC and are subject to change without notice. The company (or companies) identified or referenced herein is an example of a current or potential holding or investment target and is subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd part websites and is used for informational purposes only. This does not constitute as an endorsement of any kind.

Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request.

The One Secret CEOs Don’t Want You To Know (11/6/2017) WRC-17–25

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital.

Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request.

The opinions expressed herein are those of Worm Capital, LLC and are subject to change without notice. The company (or companies) identified or referenced herein could be example of a current or potential holding or investment target and is subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd part websites and is used for informational purposes only. This does not constitute as an endorsement of any kind.

Disclosures for: Meet the CEO Who Says Excessive CEO Pay Is Trashing America (9/28/17). WRC-17–24

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital.

Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does no imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request. Arne Alsin and Worm Capital clients are currently long Amazon (AMZN) stock and call options, and also own put option positions in IBM and are short the stock and stand to benefit if the trading price of Amazon increases and/or the trading price of IBM decreases.

The opinions expressed herein are those of Worm Capital, LLC and are subject to change without notice. The company (or companies) identified or referenced herein is an example of a current or potential holding or investment target and is subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd part websites and is used for informational purposes only. This does not constitute as an endorsement of any kind.

Disclosures for:

Inside Tesla — And What’s Really Disrupting The Automotive Industry (WRC-17–23)

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital.

Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request.

Arne Alsin and Worm Capital clients are currently long Tesla (TSLA), and stand to benefit if the trading price of Tesla increases.

The opinions expressed herein are those of Worm Capital, LLC and are subject to change without notice. The company (or companies) identified or referenced herein is an example of a current or potential holding or investment target and is subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results.

Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd party websites and is used for informational purposes only. This does not constitute as an endorsement of any kind.

More Disclosures:

See below for tracking codes.

Worm Capital, LLC does not accept responsibility or liability arising from the use of this document. No document or warranty, express or implied, is being given or made that the information presented herein is accurate, current or complete, and such information is always subject to change without notice. Shareholders and other potential investors should conduct their own independent investigation of the relevant issues and companies involved in this article. This document may not be copied, reproduced or distributed without prior consent of Worm Capital.

Worm Capital, LLC is an independent investment adviser registered in the Investment Advisers Act of 1940, as amended. Registration does no imply a certain level of skill or training. More information about Worm Capital including our investment strategies, fees, and objectives can be found in our ADV Part 2, which is available upon request. Arne Alsin and Worm Capital clients are currently long Amazon (AMZN), and also own options positions in IBM and stand to benefit if the trading price of Amazon increases and/or the trading price of IBM decreases.

The opinions expressed herein are those of Worm Capital, LLC and are subject to change without notice. The company (or companies) identified or referenced herein is an example of a current or potential holding or investment target and is subject to change without notice. This information should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the investments or strategies referenced were or will be profitable, or that investment recommendations or decisions we make in the future will be profitable. Past performance is no guarantee of future results. Worm Capital reserves the right to modify its current investment views, strategies, techniques, and market views based on changing market dynamics. This article contains links to 3rd part websites and is used for informational purposes only. This does not constitute as an endorsement of any kind.

What’s the Harm in Excessive CEO Pay? Answer: Long-Term Damage to Shareholders and Pension Funds — 9/7/17 — WRC-17–22

How Stock Buybacks Cause Economic Stagnation: A Q&A With Robert Ayres And Michael Olenick—8/9/17—WRC-17–20

Q&A: Nick Hanauer Believes Buybacks Are The Root of American Inequality — 7/10/17 — WRC-17–16

Q&A: Economist William Lazonick On Stock Buyback Mania That’s Threatening the American Economy — 6–20–17 — WRC-17–15

McDonald’s: Burgers, Fries, And Stock Buybacks — 4/27/17 — WRC-17–12

Cisco’s Board Has Some Explaining To Do — 4/10/17 — WRC-17–11

General Motors May Have Already Lost To Tesla — 3/14/17 — WRC-17–10

The Ugly Truth Behind Stock Buybacks — 2/28/2017 — WRC-17–09.