App Economy Insights
Autonomy is coming.

So who captures the value?

$UBER plans to deploy 100K robotaxis powered by $NVDA to build a data factory.

Can it share in the upside with $TSLA?

Let’s explore the AV aggregation theory.
https://t.co/P2uJSEWPQx
tweet

Fiscal.ai
Monday dot com is currently trading at its cheapest valuation ever.

Forward EV/FCF: 19.9x

$MNDY https://t.co/XsTIacMs6C
tweet

Clark Square Capital
Great thread on Vera Bradley -- $VRA

Ok, hear me out – Vera Bradley $VRA revenue is up in October YoY with 8 fewer full-price stores. Here I will quickly summarize why I think it's worth at least 2x from here:
- Vera Bradley is an easy fix after terrible re-brand by Jackie Ardrey that alienated its loyal customer base and did not attract any new customers as product was lacking its DNA
- Jackie Ardrey is out and Ian Bickley is a new interim CEO (spent most of his career at Coach, sits on the BoD of Crocs)
- Ian Bickley did something very right – he went to TikTok and actually LISTENED to what loyal customers were saying. He brought back 100 handbag in new colors and sent the product to some VB ambassadors (VB queen emma liz, itsliddystyle and some others). As a result 3 out of 6 styles were sold out (were added since then and only Mistletoe Lattice is out of stock now)
- Collab with Anthropologie was also a success – Lattice Patchwork Mistletoe (TBH the only one that looks great) duffel bag and hathaway tote were sold out, duffel bag was added once but sold out again. Another style that is really trending is Star Patchwork – duffel, 100 bag, zip tote, hathaway tote. The point here is the product finally is right and it is with VB heritage
- Real estate sale leaseback – great work @ClarkSquareCap that found out that company is putting its industrial property in Roanoke, IN to the market for $29.5 mil ( $VRA market cap is $65 mil)
- Looks like company is in process of quickly liquidating its old inventory (around $100 mil as of last report) to have some working caital for the new products – outlet quality items are now in Costco, Marshalls and TJX
- Company has no debt
- Website traffic is also positive YoY - astutex.ai
tweet

App Economy Insights
$SE Sea Limited Q3 FY25:

• Revenue +38% Y/Y to $6.0B ($0.4B beat).
• EPS $0.59 ($0.15 miss).

🟠 Shopee marketplace +37% Y/Y to $3.8B
🔵 Monee revenue +61% Y/Y to $1.0B.
🔴 Garena Bookings +51% Y/Y to $0.8B. https://t.co/sQKkeMfQNq
tweet

Fiscal.ai
Sea Limited reported strong growth across all of categories.

E-Commerce: +35%
Financial Services: +61%
Digital Entertainment: +31%

They've now grown total revenue by more than 40% annually since 2019.

$SE https://t.co/BkUHYEp1l4
tweet

AkhenOsiris
$META

https://t.co/2W1RREKqcp

GEM overcomes these challenges through:

- A scalable model architecture that is now 4x more efficient at driving ad performance gains for a given amount of data and compute than our original ads recommendation ranking models.

- A new framework that improves knowledge transfer effectiveness, achieving 2x the effectiveness of standard knowledge distillation.

- A new training stack that delivers a 23x increase in effective training FLOPS with a 1.43x increase in model FLOPS utilization (MFU) using 16x more GPUs.

Looking ahead, GEM will learn from Meta’s entire ecosystem including user interactions on organic and ads content across modalities such as text, images, audio, and video. These learnings from GEM will be extended to cover all major surfaces across Facebook and Instagram. This stronger multimodal foundation helps GEM capture nuances behind clicks, conversions, and long-term value, paving the way for a unified engagement model that can intelligently rank both organic content and ads, delivering maximum value for people and advertisers.

We will continue to scale GEM and train on even larger clusters by advancing its architecture and advancing training recipes on the latest AI hardware, enabling it to learn efficiently from more data with diverse modalities to deliver precise predictions. We will also evolve GEM to reason with inference-time scaling to optimize compute allocation, power intent-centric user journeys, and enable agentic, insight-driven advertiser automation that drive higher ROAS.
tweet

AkhenOsiris
$RIVN

New 52wk high 👀
tweet

AkhenOsiris
$ORCL breaks down below last week's lows
tweet

Quartr
Three visuals from our recent deep dive on Rolls-Royce.

1. Three decades of $RR.L: https://t.co/pX5SsNtjMq
tweet

App Economy Insights
$SE Sea is improving its operating profit.

🔴 Gaming has stabilized after years of decline.
🔵 Monee is on track for $1B in FY25.
🟠 Shopee has improved for 5 straight quarters. https://t.co/sqqeCeHhxZ
tweet