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trends, she explains: “Lots of retail
investors are diving into areas like
videoconferencing, but we may not
see significant profitability coming
through with so many different options.
Microsoft Teams, WhatsApp, FaceTime,
Cisco Webex… they all follow a very
strong trend, but what will profitability
and pricing of these services look like?
How much will people be willing to pay
for these in a couple of years’ time when
they all have such a similar offering?”
However, Porter does see an
exciting long-term opportunity in
e-learning. She holds Chegg, a New
York-listed online tutoring platform
with 3.9 million subscribers.
“Our existing school infrastructure
has really struggled to cope; people
are looking for alternative learning
“Top universities like
Harvard, Yale, Oxford and
Cambridge have always
had constraints on their
number of places, but
now this whole world has
opened up through online
education”
experiences,” she continues. “Chegg
is predominantly US-based but
has seen a surge in demand from
international subscribers without
ever having advertised in other
English-speaking markets.
“Top universities like Harvard, Yale,
Oxford and Cambridge have always
had constraints on their number of
places, but now this whole world has
opened up through online education.”
She also notes the rise of e-sports,
with Fortnite the premier example
today. Epic Games – Fortnite’s parent
company – is 40 per cent owned by
Tencent, in which her fund has a 3.6
per cent position.
“Fortnite has become a real platform
with more than 12 million concurrent
players,” says Porter.
As another example of its scale, she
points out American rapper Travis
Scott’s “Astronomical” event – a digital
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