Shareholder Inbox

Terms of Service

Last updated: 11 May 2026

By accessing Shareholder Inbox (the "Site"), you agree to these Terms of Service. If you do not agree, do not use the Site.

The Site

Shareholder Inbox is a free, ad-supported reader for publicly available shareholder letters, partnership letters, and investor memos, accompanied by editorial commentary, structured summaries, comparisons, and curated reading paths. The Site does not provide investment advice and is not a financial-services provider.

Eligibility

The Site is intended for users aged 16 and over.

Use of the Site

You may read, link to, and quote short excerpts of the Site for personal, non-commercial purposes with attribution.

You may not:

  • Scrape, crawl, spider, mirror, harvest, or otherwise extract content from the Site by automated means, in whole or in part
  • Use the Site or its content to train, fine-tune, or evaluate any machine-learning model, or pass it to any system that does
  • Republish or redistribute the editorial content of the Site as your own
  • Use the Site for any unlawful purpose, to harass or impersonate any person, or to infringe any third party's rights
  • Circumvent any access control, security mechanism, or technical restriction

Intellectual property

The original letters and any third-party materials referenced on the Site remain the property of their respective rights holders and are made available on the Site for reading, citation, and commentary. The editorial content of the Site — including summaries, comparisons, articles, reading paths, illustrations, design, and code — is owned by the operator and protected by copyright.

Copyright complaints

If you believe that material on the Site infringes your copyright, send a notice that includes:

  1. identification of the copyrighted work you claim has been infringed;
  2. the URL of the allegedly infringing material on the Site;
  3. your contact information;
  4. a statement that you have a good-faith belief that the use is not authorized by the copyright owner, its agent, or the law;
  5. a statement, under penalty of perjury, that the information in the notice is accurate and that you are authorized to act on behalf of the rights holder;
  6. your physical or electronic signature.

Notices may be submitted via the contact channel published on the Site. The operator will review valid notices and remove or disable access to infringing material as appropriate.

No investment advice

Nothing on the Site is investment, legal, tax, or other professional advice, and nothing on the Site constitutes an offer or solicitation to buy or sell any security. Editorial content on the Site is reviewed by an editor before publication; automated tools may be used to assist with parts of it. Content may nonetheless contain errors. Verify any information against the underlying letter — linked or cited from every claim — before relying on it.

Third-party links and advertising

The Site links to third-party sources and may display advertising and affiliate links on editorial pages. Third parties are responsible for their own content, terms, and practices.

Disclaimers

The Site and its content are provided "as is" and "as available," without warranties of any kind, express or implied, including warranties of accuracy, fitness for a particular purpose, and non-infringement.

Limitation of liability

To the maximum extent permitted by law, the operator of the Site has no liability for any damages arising out of or related to your use of, or inability to use, the Site or its content. Nothing in these Terms limits liability that cannot be excluded under applicable law.

Changes

These Terms may be updated. The "Last updated" date reflects the most recent revision. Continued use of the Site after a revision constitutes acceptance of the revised Terms.

Governing law

These Terms are governed by the laws of the Republic of Poland, without limiting any mandatory consumer-protection rights you may have in your country of residence.