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Starting Thursday, we'll be updating our revenue sharing incentives to better reward the content we want on X: We will be giving more weight to impressions from your home region—to encourage content that resonates with people in your country, in neighboring countries and people who speak your language. While we appreciate everyone's opinion on American politics, we hope this will disincentivize gaming the attention of US or Japanese accounts and instead, drive diverse conversations on the platform. We invite creators to start building an audience locally. X will be a much richer community when there's relevant posts for people in all parts of the world.

I have so much gratitude to people who wrote extremely complex software character-by-character. It already feels difficult to remember how much effort it really took. Thank you for getting us to this point.

🚨 BUFFETT’S LAST PORTFOLIO JUST DROPPED $274 billion in positions revealed in the last 24 hours. Why? Because Berkshire’s 13F filing hit yesterday, and this is Warren Buffett’s FINAL portfolio as CEO before handing the keys to Greg Abel. He didn’t go quietly. Here’s what the Oracle did with his last hand: Apple: Trimmed for the 4th straight quarter. He’s sold 75% of his Apple stake since late 2023. Amazon: Slashed by 77%. Went from ~10M shares to 2.3M. He’s almost entirely out. Bank of America: Reduced again. Steady selling since mid-2024. De-risking financials before the next rate cycle. Alphabet: Didn’t touch his $5.4B Google bet. Berkshire’s biggest tech swing since the original Apple play. New position, New York Times: ~5M shares. Not a newspaper anymore. 11M+ digital subscribers. Recurring revenue. Energy: Added 6.6% more Chevron. Added Chubb. Added Domino’s. Businesses that print cash no matter what the market does. His strategy: Dump overvalued tech, stack energy and insurance, simplify the portfolio. Hand Greg Abel maximum optionality with $300B+ in cash. The Buffett era ended exactly how it started. Just so you know, I’ve been studying macro for over 20 years, and I’ve called the last 3 major market tops and bottoms. When I make a new move in the market, I’ll say it here so you can copy my moves. If you still haven’t followed me, you’ll regret it.