Offshore
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Startup Archive
RT @ArthurMacwaters: Super helpful framework
1) treat your company as a set of hypotheses and test them empirically + through user interviews
2) have a definite view of what the world will look like
tweet
RT @ArthurMacwaters: Super helpful framework
1) treat your company as a set of hypotheses and test them empirically + through user interviews
2) have a definite view of what the world will look like
Peter Thiel on what he doesn’t like about the Lean Startup
Thiel believes there are merits to the Lean Startup, but he thinks founders today may have over-indexed on it:
“I do think we tend to be dominated by a somewhat nihilistic bias where we claim not to know anything. And when you don’t know anything, you end up defaulting too much to the experimental search, A/B testing approach of ‘Let’s ask the customers.’ And I would say the problem with that is that the search space is simply way too big.”
In practice, Thiel argues for a more definite view of the future: “This is an important problem that needs to be solved, and this is the set of things we have to combine in just this way to do it.”
To be fair, Steve Blank—who pioneered the Lean Startup methodology—isn’t necessarily against this approach. Blank just recommends treating your assumptions as “a series of untested hypotheses.”
But there’s clearly a balance between having a definite view of the future and rigorously trying to disprove your assumptions.
As Thiel explains, many of the PayPal founding team’s initial assumptions were wrong:
“At PayPal, our original business plan was to have payments on Palm Pilots, then it was wireless payments, then it was payments linked to email. So we had a few fairly big pivots in the first year. I’m not sure there’s anything especially virtuous about that — if you have a dumb idea, it’s important to change it — but it’s not virtuous to have a really bad idea in the first place.”
Video source: @OxfordSBS (2015) tweet
Offshore
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Startup Archive
RT @JacquesThibs: Agree with Thiel, we’ve over-indexed on the ‘lean startup’ and downplayed founder taste and vision too much.
Also related to the “Compound Startups” (aka companies with a multi-product portfolio rather than a point solution) coined by Rippling founder Parker Conrad.
tweet
RT @JacquesThibs: Agree with Thiel, we’ve over-indexed on the ‘lean startup’ and downplayed founder taste and vision too much.
Also related to the “Compound Startups” (aka companies with a multi-product portfolio rather than a point solution) coined by Rippling founder Parker Conrad.
Peter Thiel on what he doesn’t like about the Lean Startup
Thiel believes there are merits to the Lean Startup, but he thinks founders today may have over-indexed on it:
“I do think we tend to be dominated by a somewhat nihilistic bias where we claim not to know anything. And when you don’t know anything, you end up defaulting too much to the experimental search, A/B testing approach of ‘Let’s ask the customers.’ And I would say the problem with that is that the search space is simply way too big.”
In practice, Thiel argues for a more definite view of the future: “This is an important problem that needs to be solved, and this is the set of things we have to combine in just this way to do it.”
To be fair, Steve Blank—who pioneered the Lean Startup methodology—isn’t necessarily against this approach. Blank just recommends treating your assumptions as “a series of untested hypotheses.”
But there’s clearly a balance between having a definite view of the future and rigorously trying to disprove your assumptions.
As Thiel explains, many of the PayPal founding team’s initial assumptions were wrong:
“At PayPal, our original business plan was to have payments on Palm Pilots, then it was wireless payments, then it was payments linked to email. So we had a few fairly big pivots in the first year. I’m not sure there’s anything especially virtuous about that — if you have a dumb idea, it’s important to change it — but it’s not virtuous to have a really bad idea in the first place.”
Video source: @OxfordSBS (2015) tweet
Offshore
Video
Startup Archive
RT @martymadrid: The biggest rule is that there are no rules. Look for a VC that will break or bend their rules for you; the biggest one being ownership targets.
tweet
RT @martymadrid: The biggest rule is that there are no rules. Look for a VC that will break or bend their rules for you; the biggest one being ownership targets.
Bill Gurley on what he learned from his mistake of not investing in Google’s Series A
“The biggest mistake I ever made is I met Larry [Page] and Sergey [Brin] when they had 25 employees at Google and had them present to my partnership, and we didn’t follow through and try to invest.”
Bill reflects on what he learned from this:
“A lot of people talk about this in venture, but you have asymmetric returns — you can lose 1x your money, but when you miss on [a Google], you can miss out on 10,000x your money. So we had a saying internally, ‘What could go right?’ We never sweated a zero… But when we miss big winners, we talk about that frequently…. And one interesting thing about venture is it’s a complex system and there are no rules… I’ve often thought about it as: You develop a set of pattern recognition, which is enhanced if you’re working with a partnership because everybody has their own. And then you have like 10 loose rules that you apply when you see a company. But a lot of the times when you make a great investment, it’s because decide to relax one or two of those rules.”
He emphasizes that Google wasn’t an obvious winner at the time:
“Yahoo had fallen from $82 to $10 as a public company. Excite was in bankruptcy. These were the other search companies at the time. Larry and Sergey both wanted to be CEO and they were PhD students at Stanford. Co-CEO PhD students is not on the checklist. And they wanted a really high price.”
But what Bill finds most interesting is that two of the all-time great venture capitalists were able to look past these problems:
“Two of the very best venture capitalists of all time — John Doerr and Mike Moritz — did the deal. So they had a superior mental framework in that situation and broke a lot of the rules. Another thing was they split the deal at a really high price so their ownership was much lower than they traditionally get. But they knew to break that rule at the time.”
Bill gives Tesla as another example of an investment that “likely violated most people’s entire rule set” but being contrarian is what made the return so high.
Video source: @UTexasMcCombs (2025) tweet
Offshore
Video
Startup Archive
RT @mpawlo: "What could go right?" that @bgurley said below is also a key theme of @reidhoffman's new book on AI, Superagency. I think we are always very keen on explaining why an idea is wrong, but it is more rare to say why it is right. Unless, of course, it is our own ideas .-)
tweet
RT @mpawlo: "What could go right?" that @bgurley said below is also a key theme of @reidhoffman's new book on AI, Superagency. I think we are always very keen on explaining why an idea is wrong, but it is more rare to say why it is right. Unless, of course, it is our own ideas .-)
Bill Gurley on what he learned from his mistake of not investing in Google’s Series A
“The biggest mistake I ever made is I met Larry [Page] and Sergey [Brin] when they had 25 employees at Google and had them present to my partnership, and we didn’t follow through and try to invest.”
Bill reflects on what he learned from this:
“A lot of people talk about this in venture, but you have asymmetric returns — you can lose 1x your money, but when you miss on [a Google], you can miss out on 10,000x your money. So we had a saying internally, ‘What could go right?’ We never sweated a zero… But when we miss big winners, we talk about that frequently…. And one interesting thing about venture is it’s a complex system and there are no rules… I’ve often thought about it as: You develop a set of pattern recognition, which is enhanced if you’re working with a partnership because everybody has their own. And then you have like 10 loose rules that you apply when you see a company. But a lot of the times when you make a great investment, it’s because decide to relax one or two of those rules.”
He emphasizes that Google wasn’t an obvious winner at the time:
“Yahoo had fallen from $82 to $10 as a public company. Excite was in bankruptcy. These were the other search companies at the time. Larry and Sergey both wanted to be CEO and they were PhD students at Stanford. Co-CEO PhD students is not on the checklist. And they wanted a really high price.”
But what Bill finds most interesting is that two of the all-time great venture capitalists were able to look past these problems:
“Two of the very best venture capitalists of all time — John Doerr and Mike Moritz — did the deal. So they had a superior mental framework in that situation and broke a lot of the rules. Another thing was they split the deal at a really high price so their ownership was much lower than they traditionally get. But they knew to break that rule at the time.”
Bill gives Tesla as another example of an investment that “likely violated most people’s entire rule set” but being contrarian is what made the return so high.
Video source: @UTexasMcCombs (2025) tweet
Offshore
Photo
Stock Analysis Compilation
Alluvial Capital on Zegona $ZEG LN
Thesis: Zegona is a London-listed investment company making significant progress in improving Vodafone Spain's profitability and cash flow, with plans for asset sales and potential shareholder distributions ahead.
(Extract from their Q4 letter)
tweet
Alluvial Capital on Zegona $ZEG LN
Thesis: Zegona is a London-listed investment company making significant progress in improving Vodafone Spain's profitability and cash flow, with plans for asset sales and potential shareholder distributions ahead.
(Extract from their Q4 letter)
tweet
Offshore
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Dimitry Nakhla | Babylon Capital®
A quality valuation analysis on $MSFT 🧘🏽♂️
•NTM P/E Ratio: 30.11x
•5-Year Mean: 30.92x
•NTM FCF Yield: 2.45%
•5-Year Mean: 2.96%
As you can see, $MSFT appears to be trading above fair value
Going forward, investors can expect to receive ~3% MORE in earnings per share & ~17% LESS in FCF per share🧠***
Before we get into valuation, let’s take a look at why $MSFT is a quality business
BALANCE SHEET✅
•Cash & Equivalents: $71.55B
•Long-Term Debt: $39.72B
$MSFT has an excellent balance sheet, an AAA S&P Credit Rating & 46x FFO Interest Coverage Ratio
RETURN ON CAPITAL✅
•2019: 22.7%
•2020: 26.4%
•2021: 31.1%
•2022: 34.0%
•2023: 31.0%
•2024: 29.7%
RETURN ON EQUITY✅
•2019: 42.4%
•2020: 40.1%
•2021: 47.1%
•2022: 47.2%
•2023: 38.8%
•2024: 37.1%
$MSFT has great return metrics, highlighting the financial efficiency of the business
REVENUES✅
•2014: $86.83B
•2024: $245.12B
•CAGR: 10.93%
FREE CASH FLOW✅
•2014: $27.02B
•2024: $74.07B
•CAGR: 10.61%
NORMALIZED EPS✅
•2014: $2.63
•2024: $11.80
•CAGR: 16.19%
SHARE BUYBACKS✅
•2014 Shares Outstanding: 8.40B
•LTM Shares Outstanding: 7.47B
By reducing its shares outstanding ~11%, $MSFT increased its EPS by ~12% (assuming 0 growth)
MARGINS✅
•LTM Gross Margins: 69.4%
•LTM Operating Margins: 45.0%
•LTM Net Income Margins: 35.4%
PAID DIVIDENDS✅
•2014: $1.12
•2024: $3.00
•CAGR: 10.35%
***NOW TO VALUATION 🧠
As stated above, investors can expect to receive ~3% MORE in EPS & ~17% LESS in FCF per share
Using Benjamin Graham’s 2G rule of thumb, $MSFT has to grow earnings at a 15.06% CAGR over the next several years to justify its valuation
Today, analysts anticipate 2025 - 2027 EPS growth over the next few years to be slightly less than the (15.06%) required growth rate:
2025E: $13.14 (11.4% YoY) *FY Jun
2026E: $15.03 (14.4% YoY)
2027E: $17.64 (17.4% YoY)
$MSFT has a decent track record of meeting analyst estimates ~2 years out, so let’s assume $MSFT ends 2027 with $17.64 in EPS & see its CAGR potential assuming different multiples
32x P/E: $564.48💵 … ~14.3% CAGR
30x P/E: $529.20💵 … ~11.3% CAGR
28x P/E: $493.92💵 … ~8.3% CAGR
As you can see, we’d have to assume a 30x multiple for $MSFT to have attractive return potential
At 28x earnings $MSFT has “ok” CAGR potential
$MSFT is one of the highest quality companies in the world & is firing on all cylinders
Although I wouldn’t want to rely on a >32x multiple, I feel comfortable accumulating the first tranche of $MSFT at $415💵 while relying on 29x - 30x
My second tranche of adds would likely be closer to $375💵 (~10% below today’s price) where I could reasonably assume >11% CAGR while relying on 27x, ensuring some margin of safety
___
𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄‼️: 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐎𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐜𝐞. 𝐁𝐚𝐛𝐲𝐥𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭.
𝐓𝐡𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐢𝐬 𝐢𝐧𝐭𝐞𝐧𝐝𝐞𝐝 𝐟𝐨𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐮𝐫𝐩𝐨𝐬𝐞𝐬 𝐨𝐧𝐥𝐲 𝐚𝐧𝐝 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐞𝐝 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐝𝐯𝐢𝐜𝐞 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐚𝐧𝐲 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐨𝐫 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧. 𝐏𝐚𝐬𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐢𝐬 𝐧𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐨𝐟 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬.
𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲. <a href='https://twitter.com/dimitry[...]
A quality valuation analysis on $MSFT 🧘🏽♂️
•NTM P/E Ratio: 30.11x
•5-Year Mean: 30.92x
•NTM FCF Yield: 2.45%
•5-Year Mean: 2.96%
As you can see, $MSFT appears to be trading above fair value
Going forward, investors can expect to receive ~3% MORE in earnings per share & ~17% LESS in FCF per share🧠***
Before we get into valuation, let’s take a look at why $MSFT is a quality business
BALANCE SHEET✅
•Cash & Equivalents: $71.55B
•Long-Term Debt: $39.72B
$MSFT has an excellent balance sheet, an AAA S&P Credit Rating & 46x FFO Interest Coverage Ratio
RETURN ON CAPITAL✅
•2019: 22.7%
•2020: 26.4%
•2021: 31.1%
•2022: 34.0%
•2023: 31.0%
•2024: 29.7%
RETURN ON EQUITY✅
•2019: 42.4%
•2020: 40.1%
•2021: 47.1%
•2022: 47.2%
•2023: 38.8%
•2024: 37.1%
$MSFT has great return metrics, highlighting the financial efficiency of the business
REVENUES✅
•2014: $86.83B
•2024: $245.12B
•CAGR: 10.93%
FREE CASH FLOW✅
•2014: $27.02B
•2024: $74.07B
•CAGR: 10.61%
NORMALIZED EPS✅
•2014: $2.63
•2024: $11.80
•CAGR: 16.19%
SHARE BUYBACKS✅
•2014 Shares Outstanding: 8.40B
•LTM Shares Outstanding: 7.47B
By reducing its shares outstanding ~11%, $MSFT increased its EPS by ~12% (assuming 0 growth)
MARGINS✅
•LTM Gross Margins: 69.4%
•LTM Operating Margins: 45.0%
•LTM Net Income Margins: 35.4%
PAID DIVIDENDS✅
•2014: $1.12
•2024: $3.00
•CAGR: 10.35%
***NOW TO VALUATION 🧠
As stated above, investors can expect to receive ~3% MORE in EPS & ~17% LESS in FCF per share
Using Benjamin Graham’s 2G rule of thumb, $MSFT has to grow earnings at a 15.06% CAGR over the next several years to justify its valuation
Today, analysts anticipate 2025 - 2027 EPS growth over the next few years to be slightly less than the (15.06%) required growth rate:
2025E: $13.14 (11.4% YoY) *FY Jun
2026E: $15.03 (14.4% YoY)
2027E: $17.64 (17.4% YoY)
$MSFT has a decent track record of meeting analyst estimates ~2 years out, so let’s assume $MSFT ends 2027 with $17.64 in EPS & see its CAGR potential assuming different multiples
32x P/E: $564.48💵 … ~14.3% CAGR
30x P/E: $529.20💵 … ~11.3% CAGR
28x P/E: $493.92💵 … ~8.3% CAGR
As you can see, we’d have to assume a 30x multiple for $MSFT to have attractive return potential
At 28x earnings $MSFT has “ok” CAGR potential
$MSFT is one of the highest quality companies in the world & is firing on all cylinders
Although I wouldn’t want to rely on a >32x multiple, I feel comfortable accumulating the first tranche of $MSFT at $415💵 while relying on 29x - 30x
My second tranche of adds would likely be closer to $375💵 (~10% below today’s price) where I could reasonably assume >11% CAGR while relying on 27x, ensuring some margin of safety
___
𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄‼️: 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐎𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐜𝐞. 𝐁𝐚𝐛𝐲𝐥𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭.
𝐓𝐡𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐢𝐬 𝐢𝐧𝐭𝐞𝐧𝐝𝐞𝐝 𝐟𝐨𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐮𝐫𝐩𝐨𝐬𝐞𝐬 𝐨𝐧𝐥𝐲 𝐚𝐧𝐝 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐞𝐝 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐝𝐯𝐢𝐜𝐞 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐚𝐧𝐲 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐨𝐫 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧. 𝐏𝐚𝐬𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐢𝐬 𝐧𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐨𝐟 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬.
𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲. <a href='https://twitter.com/dimitry[...]
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Dimitry Nakhla | Babylon Capital® A quality valuation analysis on $MSFT 🧘🏽♂️ •NTM P/E Ratio: 30.11x •5-Year Mean: 30.92x •NTM FCF Yield: 2.45% •5-Year Mean: 2.96% As you can see, $MSFT appears to be trading above fair value Going forward, investors…
Nakhla/status/1885335851820790183'>tweet
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Quiver Quantitative
We just received data on Kash Patel's portfolio, via Business Insider.
He owns up to:
- $115K of Bitcoin
- $100K of $CORZ, a Bitcoin mining company
- $100K of Palantir
- $15K of Rumble
- $15K of PublicSquare https://t.co/fJiFQjU7J1
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We just received data on Kash Patel's portfolio, via Business Insider.
He owns up to:
- $115K of Bitcoin
- $100K of $CORZ, a Bitcoin mining company
- $100K of Palantir
- $15K of Rumble
- $15K of PublicSquare https://t.co/fJiFQjU7J1
tweet
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App Economy Insights
💻 Microsoft is spending $80B on Capex this year.
But DeepSeek just made AI way cheaper.
Is Big Tech’s massive bet in trouble—or will AI demand surge?
Satya Nadella bets on the latter. Here’s why: 👇
https://t.co/v6trhuqoyJ
tweet
💻 Microsoft is spending $80B on Capex this year.
But DeepSeek just made AI way cheaper.
Is Big Tech’s massive bet in trouble—or will AI demand surge?
Satya Nadella bets on the latter. Here’s why: 👇
https://t.co/v6trhuqoyJ
tweet
Offshore
Photo