$APG 2028 targets are now called 10/16/60+ Their 2028 targets are... 1. Over $10bn in revenues 2. 16%+ adjusted EBITDA margin 3. 60%+ revenues from inspections, services, & monitoring 4. Over $3bn in cumulative adjusted free cash flow through 2028

A 155,000% return. $AXON is one of the highest returning stocks of all time. Yet people don't even know the man who founded and led the company since 1993. Here are 10 lessons from Axon's billionaire founder Rick Smith 🧵

$CPNG reported 2Q25 Gross profits +20% y/y Active customers +10% y/y to 23.9mn TTM free cash flow is $780mn (inc. $235mn of developing offering losses) Full update out later!

$SNAP is almost 15 years old and has almost 1 billion MAU But pretty wild how much they have struggled to monetize Global ARPU flat y/y at $2.86 for the quarter (vs. Meta at $13.65) Quarterly loss of ~$260mn LTM SBC of $1bn

“We don’t manage to a quarterly growth rate” $CPNG

$LVMH CFO in 2018 on Louis Vuitton's Luxury Strategy: "If we are very desirable and not accessible, we don't do any business. And if we are too accessible, it has some impact on the desirability, and we end up not doing business." - 1H18 Earnings Call, CFO Jean-Jacques Guiony

Coupang CEO on AI: "One example where we're seeing immediate impact is around software development. where in our early implementations, while still early, we're seeing up to 50% of the new code written by AI."

Are you trying to copy Amazon? Yes. But not just Amazon, we also copy from Naver, Flipkart, Mercado Libre, Shopee, and even Booking Booking figured out how to color code their app to impact behavior and we copied that. "Shamelessly copy is a term that Jack Welch used"