🇺🇸🏈VegasDawg🏟️🇺🇸

Mark Twain: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”

@joequant Dumbass gonna dumbass. Cucktard.

So the big thing that is going to come out of this is that the US is losing militarily to Iran and Russia, and would probably lose to China. The problem was that the defense budget was just a racket to make people rich and was never set up to fight a 21st century war.

This is Poppy. She was focusing really hard on her agility course, and then she made it through the hoop and accidentally activated zoomie mode. There's no stopping her now. 13/10

That's it. I give up.. Donald Trump is a time traveler. 20/20 interview 1987. Wtf.

@LanceReisland @JEnderlen Solid work, agreed.

For me, there are 6 guys in this draft that change games the second they step on the field. At 6, I am not getting cute. No trade, no overthinking. You take a dude who tilts the field and impacts winning right now. Players over plays. Period. #Browns

Husband said they couldn't keep this rescued pup. He gets home from work and this pup gets so excited. In return this husband shows his love and excitement to see the pup. Sometimes we can't help to fall in love with fur babies. They definitely have a knack for getting to our hearts. I love happy endings.

This is Rocky he’s a retired police German Shepherd hung up his badge years ago and now lives the dream: full-time couch grandpa to five tiny kittens. So gentle as they climb, sniff, and lick him nonstop no complaints, just love after life of service

@RobertK_2142 @alt_w_v_g I asked Grok the same. All those references are based on Reddit posts. Not saying he grabs more than 125k, but I searched and couldn’t find a good source.

@UsedtoDifferent @alt_w_v_g grok.com/share/bGVnYWN5…

Ran some diligence on SiriusXM this weekend Not because anyone asked Because my 14-year-old nephew connected his phone to my car via Bluetooth, played a Spotify playlist, and asked me what the "SXM" button was for I didn't have an answer So I pulled the 10-K SiriusXM is an $8.56B revenue company with nearly $10B in debt and a $7.4B market cap Read that again The debt is larger than the company Their business model, simplified: 1. Pay automakers to install radios nobody asked for 2. Give every new car buyer a free trial they didn't request 3. Hope they forget to cancel 4. Charge them $25.99/month for something their phone does for $10.99 That's it. That's the model. They have 33M subscribers. Sounds impressive until they lost 301,000 self-pay subscribers last year. And hundreds of thousands the year before that. Revenue has declined three consecutive years The average subscriber is 35-64, male, household income over $150K. Over half have been paying for 10+ years. These aren't loyal customers These are people whose spouses haven't noticed the $25.99 charge on the Amex yet The crown jewel of the portfolio is Howard Stern. They pay him roughly $100M a year. He works three days a week. His show averages 125K daily listeners. That's $800 per listener per year My analyst did the math three times because he thought he was wrong He wasn't For that price, you could buy each listener a Spotify family plan, an Audible subscription, and still have enough left for AirPods Speaking of Spotify. Nearly 290M premium subscribers. Growing double digits. $10.99/month. Available on every device ever made. SiriusXM. 33M subscribers. Shrinking. $25.99/month. Requires a satellite. Spotify's full-year revenue grew 19%. SiriusXM's declined 2%. Spotify trades at 74x earnings. SiriusXM trades at 5x. The market is not confused about which direction these businesses are headed Their growth strategy is called the "trial funnel." There are 7.3M people driving cars with free SiriusXM trials. The conversion rate is not publicly disclosed. Probably because it's embarrassing They have 180M "enabled vehicles" in the U.S. They have 33M subscribers. That's an 18% attach rate on hardware they already paid to install. 82% of the cars with their radios in them are generating zero revenue In any other industry an 18% hit rate gets you fired In satellite radio, it gets you a seat on the NYSE Adjusted EBITDA margin is 31%. Looks healthy. Until you realize "adjusted" is doing a LOT of heavy lifting in a company that posted a $2.08B net loss the year prior. Adjusted EBITDA was $2.73B that same year The distance between those two numbers is called addbacks And they're working overtime 2026 guidance: flat revenue, flat EBITDA, slightly fewer subscribers. The CEO called this stability and meaningful progress. On Wall Street, we call this managed decline Warren Buffett owns 35.4% of this company. This is the most confusing part. The man who said "be fearful when others are greedy" bought a satellite radio company in the age of Bluetooth. His entry was a Liberty Media arb play that accidentally became a long-term hold. The stock is down over 50% from its highs. I don't know why he's still in. You don't know why. His shareholders definitely don't know why. The bull thesis: SiriusXM has 33M people who have been paying $15/month for a decade and have no plans to stop. That's $6B in recurring revenue from people who may not even remember they're subscribed. Churn is 1.5%. Lower than most SaaS companies. The bear thesis: Every teenager alive today has never used a car radio Both are probably right SiriusXM's competitive moat is not content. It's not technology. It's not brand. It's the 47 minutes it takes to cancel over the phone SiriusXM isn't a bad company. It's a case study in what happens when your moat is consumer apathy and your growth strategy requires General Motors. Plz fix. Thx. Sent from my iPhone

@EsnardGlen @jpodhoretz I think Michelle did an amazing job this season.

@UsedtoDifferent @jpodhoretz I think Michelle’s character saw it. There are a couple of scenes where Russel admits he is lenient and bails the daughters out.

The Madison makes no sense. Michelle Pfeiffer and Kurt Russell play wonderful and intelligent people who are also good parents. But their children are cartoonishly monstrous and spoiled. They do not seem related. In any way.

@monicaonairtalk @atensnut @s05521369 @catturd2 @paramountplus Taylor Sheridan is a wizard.

@atensnut @s05521369 @catturd2 @paramountplus Wait till you watch The Madison 😩😩😩🔥

Because if you @catturd2 I signed up for Paramount + @paramountplus and just binged on “Landman”. Holy Shit. I’m hooked. Can’t wait for Season 3. Thanks!

@nigdestroyer420 @alt_w_v_g He sucks. But where are these numbers coming from?

@UsedtoDifferent @alt_w_v_g Lol what world do you live in. Today stern probably gets 20 listeners a day (his show sucks now) and sirius publish listener numbers for shows. The only people who pay attention to stern nowadays are former fans interested in how far it's fallen

@djvlad You have all of that now and it’s still not enough. Why? Because only God can fill the emptiness.

I honestly wish religion had never existed. Imagine how far we would be as a species if humanity consistently pursued evidence-based, rational answers instead of constructing narratives around imagined deities.

This dog's name was Gunner. My uncle brought him back from WW2. He was raised and slept under my uncle's anti- aircraft gun. The gun crew shared their rations to feed him. By the time he was 18 months old, my uncle said he would stand up and look at the sky. If he laid back down they knew all was ok. If he growled and put his hackles up they got at the ready. He knew the sound of the German aircraft and my uncle said he never got it wrong. He said Gunner was better than any early warning system. I'm probably the only one left in the family that knows that story now, so I thought I'd tell it before it's lost forever, like many stories must be from that time. Thanks for reading it.

@BarefacedEditor @CameronWolfe @RapSheet @nflnetwork WTAF do you know about Sanders’ football IQ? Just STFU loser.

@CameronWolfe @RapSheet @nflnetwork This is an open competition because sanders is not a leader. He is actually a low IQ QB. His physical skills are good. His brain is mush. I don’t know how a coach can fix this type of problem. Sanders needs to work on being a leader. He sounds like a 17 year old.

Open #Browns QB competition featuring Deshaun Watson & Shedeur Sanders with new HC Todd Monken who could help both of their skill sets. + Why CLE could use 2 first round picks (6 & 24) at non-QB offensive spots like LT and/or WR to support QB1. For @nflnetwork The Insiders:

@theebaddiebey @PopBase Yeah that’s a lie. What books have you read?

@PopBase There was a party switch! I hate when uneducated people dont know politics and history! THE PARTIES SWITCHED! The people who “freed the slaves” are now democrats! So the people you’re calling the “KKK” is actually your own party: The Republicans 😂

Nick Cannon calls Democrats “the party of the KKK”: “People don’t know that the Democrats are the party of the KKK. People don’t know that the Republicans are the party that freed the slaves.”

In 1922, a group of scientists went to the Toronto General Hospital where diabetic children were kept in wards, often 50 or more at a time. Most of them were comatose and dying from diabetic ketoacidosis. Others were being treated by being placed on an extremely strict diet, which inevitably led to starvation. This is known as one of medicine's most incredible moments. Imagine a room full of parents sitting at the bedside waiting for the inevitable death of their child. The scientists went from bed to bed and injected the children with a new purified extract: it was called insulin. As they began to inject the last comatose child, the first child injected began to awaken. Then one by one, all the children awoke from their diabetic comas. A room of death and gloom became a place of joy and hope. In the early 1920s Frederick Banting and Charles Best discovered insulin under the directorship of John Macleod at the University of Toronto. With the help of James Collip insulin was purified, making it available for the successful treatment of diabetes. In the same year, Banting, Collip, and Best decided to sell the insulin patent to the University of Toronto for $1. Banting and Macleod earned a Nobel Prize for their work in 1923. Photo Credits: Library and Archives Canada

@IDPGodfather @HawaiiBrownsHui Good guy, but he’d be a malcontent.

@UsedtoDifferent @HawaiiBrownsHui Brown would want NO part of that either, so Cleveland would have a malcontent, aging WR.

The Browns

🧵Rumblings from the 7th Circuit over a tense oral argument in USA v. Rishi Shah which should be of concern to anyone paying attention to Democrat lawfare.