Mr BigNV

@LibOrNormal The Dudettes

Name This Band!

I can only add why I use SiriusXM, I detest Stern so not a factor but the main reason I keep it is access to signal when: 1) no other cell signal is available 2) news and finance channels 3) live sports broadcasts So comparing it to spotify or other streaming on your cell phone may or may not be a good comparison.

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

I did a project for SpaceX and almost 200 projects for more than 50 companies over my career, most all in some form of tech, including twitter before Elon (when it was a total shitshow) and never have I seen or worked with a more intelligent and motivated staff. He grants a high a degree of autonomy, hates non-essential meetings, encourages free thinking, demands results, and employs the very best, spends time directly with staff at all levels and his success speaks for itself. I could write a book about what makes Elon special, a national treasure. One thing few, if any, mention, is how all his ex,-employees have taken their lessons learned elsewhere to start, lead, and improve other businesses.

Given that I have built two companies in widely different fields to trillion dollar plus valuations simultaneously, I am might be getting a few things right once in a while

@pbeisel I met with Gwynne a few times while working on a contract at SpaceX and she is the single best executive I have ever met regardless of industry, she is amazing.

In 2002, Gwynne Shotwell was a 38-year-old single mom with a stable aerospace job when she walked into a dingy El Segundo office to drop off a colleague. Elon Musk cornered her for ten minutes, grilled her on the rocket business, and created a VP of Sales role on the spot. She agonized for weeks (private space was a graveyard of failed startups) but one day on the LA freeway she grabbed her phone and called him: “I’ve been a fucking idiot. I’m taking the job.” She became roughly employee #7. Three Falcon 1 launches exploded in 2006–2007. SpaceX was days from bankruptcy. While engineers scrambled, Gwynne kept selling anyway. She flew to Iridium, closed a make-or-break deal tilted heavily in the customer’s favor because she believed so fiercely it would work. Then, on September 28, 2008, the fourth Falcon 1 finally reached orbit. Hours later she and Elon walked into NASA and sealed a $1.6 billion contract to resupply the space station— pulling the company back from the brink. That single mom who bet everything became president and COO, the reason SpaceX didn’t die and the reason it now flies more rockets than the rest of the world combined. Legend. 🚀

@mamboitaliano__ 11

Rate from 1–10 how lucky my husband is to have me making handmade meat ravioli, Bolognese, and a “snowfall” of Parmesan Humbly 🍝🇮🇹

@TaraBull @Kristin265For I traveled from Las Vegas today, 5 minutes to get through TSA. There were 3 people in the line in front of me.

Government Shutdown Hits Day 38 with Chaotic 4+ Hour TSA Lines at U.S. Airports

@ClownWorld pNiz

@mamboitaliano__ As an American who lived in Italy and visits there often, I for one can affirm you capture all that is warm and beautiful about Italy and Italians, Anch'io ti amo sorella. Thank you for your work, it is greatly appreciated.

Letter to my dear followers 💌❤️ This morning, for the first time since I’ve been here, I felt fear I was scared by Nikita’s message Afraid that it could all be over, that working here, creating content, posting, chasing trends and trying to meet people’s needs would suddenly feel pointless and disappear into thin air I created this page deliberately in English, for a foreign audience: people who love to travel, who love Italy, who adore our art, our culture, our food, our traditions, our millennia-old history Of course, sometimes I wander , I’m human, please forgive me I get carried away with thoughts about Musk, Trump, the Pope, Royal families, current events, trending topics… it’s all part of the ride, don’t hold it against me But my soul remains Italian, just like my perspective, my authenticity, my honor, my honesty Luckily, the feared change won’t happen, and I’ll stay here with you But whenever you risk losing someone or something, you realize its true importance and value So I want to tell you: I LOVE YOU 🫶 You are the reason I try to create something beautiful or meaningful every single day You are my added value, my smile, my happy thought, my horizon, my fireplace with chestnuts, my ice cream in the sun, my friend’s pat on the shoulder, my motivation, my Olympic flame I love you to the moon and back Never leave Thank you for existing Mambo Italiano 🇮🇹

@jakobe291 A follow from me also. Much love to you brother.

Being an open Messianic Jew has gained me a couple friends but a lot of hostility, anger, rejection, accusation, and being unfollowed/ blocked by people who I thought were on my side. Hardcore Orthodox religious Jews are determined to give Messianic Jews the rejection experience similar to Jesus, which only makes the lived experience for us more realistic, meaningful, and essentially deepens our connection to Christ Yeshua is Messiah

@mamboitaliano__ I want to believe 1, that classy, educated and sopbisticated look

Let’s play a game 🎭🎲 How do you picture anonymous accounts on 𝕏? Here, many people bravely show their faces Others, for all sorts of reasons, choose to remain anonymous Like me So—how do you actually imagine the person behind this account? 1.The bold, larger-than-life woman 2.The sophisticated dark lady 3.The subtly flirtatious, melancholic nostalgic 4.The spoiled intellectual daddy’s girl 5.The slightly sassy know-it-all 6.The twisted existentialist

@Geiger_Capital Hell No! Finish the job, there is no 'off ramp' k#ll this cancer once and for all or it will be back to stage 4 before your bonds mature.

David Sacks on Iran… "I agree we should try to find the off-ramp. We’ve degraded Iran’s capabilities massively… this is a good time to declare victory and get out. You are seeing a faction of people, largely but not exclusively Republicans, who want this war to escalate."

@ToddSmith955247 @cathy_chess @CynicalPublius SOS my fav! Been there and ate that! Add Hohenfels and Wildflecken to the culinary tour while you are at it. LOL

@CynicalPublius I remember this being fine dining on a freezing morning at Grafenwohr. 😎🇺🇸. The lunatic left is truly and utterly deranged.

RE: Luxury in War I remember driving in a HMMWV from Kuwait to al Taqaddum in Iraq in 2003 in what we called “OIF 1.5”; it was the return of large numbers of troops after the invasion had been successful but IEDs had just become a killing threat. The TTP at the time was to drive around with your HMMWV doors off, swiveled outwards so you could kill anybody trying to set off an IED attack. Yes, I know that sounds extraordinarily silly but that’s what we did. It was August in the desert. Blindingly hot. I gave my driver my Beretta and he gave me his M-4, so I could face outwards, presumably to shoot up anybody standing by the side of the road looking nervous with a cell phone in his hand (again, I know how stupid that sounds but we did not have up-armored HMMWVs or MRAPs and the entire US military was desperately trying to figure out how to counter IEDs). The trip was about 400 miles and we did it in two days. That first night we stopped at some sort of rest site the Army had set up and I got assaulted by sand fleas. My forearms swelled up and started to look like Popeye’s. I forget where it was exactly, but midday through the second day we stopped at some sort of minimally staffed rest area. In that rest area was a 40 foot refrigerator van full of cold water bottles and frozen water bottles. I was filthy, hot, covered in sand, bit up by sand fleas and felt like I was running a fever. I got one of those cold water bottles and poured it all over my head. Then I took two frozen water bottles and put them inside my body armor. Aside from sex, this was the most glorious physical sensation of my entire life, before or since. My morale skyrocketed. Now if three bottles of water could do that for me, imagine what a steak and a lobster tail does for US troops everywhere. Those tiny creature comforts amidst a war are INCREDIBLY IMPORTANT. The fact that we make the effort to do this is a small reason why we have the world’s greatest military Anyone who would begrudge our troops an overcooked steak and a mushy lobster tail now and again is an America-hating piece of garbage who absolutely does NOT “support our troops” and who can just pi$$ right off. Capisce?

@LegendaryEnergy Blaming Trump for the Clintons trying to cover their asses is nonesense. It says nothing about Trump and everything about the Clintons.

Hillary praises Trump & says he’s much better in his second term: “I think all of that is a very good signal that there is beginning to be a better understanding both by the President & the people around him… that there can be common ground amongst us”

@Matt_Pinner Ali (we had the same dog for 17 years) and his was a fighter who punched way above his weight

Help me out: I need a highly specific, aggressively masculine name for a tiny Chihuahua puppy. Nothing cute. I'm desperate.

Exclusive: American Nathan Martin, a 36-year-old high school cross county coach from Jackson, Michigan, is the personification of never giving up. He won the 2026 Los Angeles Marathon in 2:11:16.50, capturing the title in the final stride of the 26.2 mile race Sunday.

@MostlyPeaceful @KurtSchlichter Airborne!

Every GWOT guy at work is saying the same thing “Can you imagine if we had Hegseth in charge when we were deployed”

Spot on. Just watch her video with the sound off and what is clear just from her body language. #1 she absolutely loves listening to herself and is having 'good time' and #2 demonstrates zero concern for anyone, including her spouse, enjoying her 15 minutes before she ends his career. Imagine actually thinking about your spouses safety will wearing that shit eating grin like your just score that 2XL dream blouse at TJ Max for $5

@infantrydort Hang in there trooper, we are praying for you!

I’m leaving and idk how long I’ll be gone for. Hopefully not TOO long. I have surgery in both eyes tomorrow because I pretty much can’t see anymore. Cataracts. Way too young for these but 🤷‍♂️. Hoping it’s a very fast recovery but I don’t know. Hence the heads up. Goodnight.

“We just kicked your f*cking ass!” Love these boys!

If this doesn’t hit you right in the feels I don’t know what will. “Dear Nike. Why won’t you stand up for me? Boys are stealing our opportunities.”