Limewire buys Fyre Festival for $245k on eBay - not a headline you’d expect to read in 2025 wsj.com/style/fyre-fes…

Nvidia's $5B investment in Intel = 2 weeks of $NVDA free cashflow

It’s incredible how much volatility (and predictability) exists in post-earnings moves in saas Names gap down 25%+ off earnings and bounce back fast Even $CFLT which has traded sideways for years. Buy every earnings miss and +30% in 3 months Latest is SNPS, up 25% in 9 days

As a New Yorker, visiting SF and taking Waymo’s still feels like living in the future Waymo’s quality consistency and price makes it a better consumer experience than ride sharing services Can’t come to NYC soon enough

SpaceX Starlink is expected to make up 70% of total rev this year $10B in 2025 (+41% Y/Y), up from $7.7B in 2024 (+83% Y/Y) % of Rev by segment - 31% home internet - 24% Starshield & gov - 13% home hardware - 8% B2B - 8% RV Per Sacra sacra.com/research/space…

EA potentially being taken private for $50B in largest LBO ever by Silver Lake and Saudi's PIF wsj.com/business/deals…

Big news day in AI world OpenAI launching e-commerce inside of ChatGPT openai.com/index/buy-it-i… Anthropic launching Claude Sonnet 4.5 anthropic.com/news/claude-so… Stripe launching an agentic commerce protocol stripe.com/blog/developin…

SaaS stocks getting killed today - why? 1-OpenAI blog series of how they build agents for sales, support, doc review 2-OpenAI announced partnership w/ $SHOP for agentic commerce in ChatGPT $HUBS -7% $DOCU -4% $KVYO -5% $TEAM -6% $MNDY -6% $WIX -14% openai.com/index/building…

This is incredible

$CFLT up 16% in overnight trading on take-out speculation Finally a software name getting a bid We’ll see if any acquirers actually show up

Fun times at the FirstMark NYSE Founder dinner last night CC SurrealDB Jaime Morgan Hitchcock Tobie Morgan Hitchcock

Wild if true. Ed Zitron makes the case Anthropic is spending more on AWS alone than it makes in revenue 2025 YTD: $2.55B rev vs. $2.66B AWS spend Cursor debacle this summer highlights Anthropic’s dilemma - absorb costs and burn more, or - raise prices and risk losing customers

WSJ article last night highlighting OpenAI's deal-making and impact on $AVGO $ORCL $NVDA $AMD share prices Their narrative around OpenAI being 'too big to fail' is overplayed tho - a correction would cause a big reset in valuations, but not existential risk to OAI's partners

Gell-man amnesia