LivingInTheMatrix 👾

When are we going to wake up and realize it’s not republicans versus democrats but WE THE PEOPLE against THE SYSTEM?

@Hunter_Eagleman 😂

All women should know how to make a sandwich! 🥪

@mattvanswol @EndWokeness Useless they are criminals.

@EndWokeness I have had a change of heart on the immigration issue. I do not think we should be taking in any legal migrants at all until we have fully deported all illegal aliens. Order has to come first, and right now... we are still cleaning house. This is just my personal view.

Japan rejects 98% of refugee claims and it is still too much for them. I kneel.

@EthansAnalyst @alt_w_v_g Thanks, but I’m going to need confirmation from the boss man @alt_w_v_g or @MrsEthanBrooks before I give a follow. BTW- I’m rooting for your promotion. 🫡

@UpDownCoaster @alt_w_v_g Verified internally

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

@alt_w_v_g Is @EthansAnalyst legit?

I'm getting so tired of the bots impersonating me I'm once again telling you I will never, ever provide a link Don't ever click on one It’s obvious to me but it's spam and have had several people DM me after they clicked

@BuzzPatterson 🤞

It’s starting. Newsom is going down.

@ScopeFPS_ Exactly 👍🏻

What Jesus says about homosexuality or any other sin is the end of the discussion. He is Lord of lords and King of kings. Your opinion about it doesn’t matter.

@PinoAmericano Happening because the people overseeing it are in on it. They get their piece of the pie. We get robbed.

You know what I don’t understand about all of this fraud… we have systems in place to catch it before it happens, or at least before it snowballs. However, every story is millions or billions in fraud. How does that happen?

@alt_w_v_g Yes, from one extreme to the other. 🤦‍♀️

9 digits of pi to navigate 240,000 miles of space within a meter of precision. And the drive through still gets my order wrong 9 out of 10 times. Let that sink in.

@nancy_hamm1 I support this. America needs all the Christian values we can get.

🚨Atheists are DEMANDING In-n-Out Burger, remove the Bible verses from their packaging. Owner, Lynsi Snyder, refuses and says the verses reflect her family's Christian values. Critics call the verses "exclusionary." Is Snyder being "exclusionary" or do you support her? ✝️

@EricLDaugh 🙌

🚨 JUST IN: JD Vance CONFIRMS the Trump admin has abolished the Biden admin rule that legalized SOME fraud if it's "small enough" Fraud prosecutor AAG Colin McDonald will now target any and ALL fraud, anywhere, no matter how big or small GOOD! 🔥

@Old_SchoolEddie Me too. 🙏

I don't need Jesus just on Easter and Christmas. I need Him 7 days a week, 365 days a year. I'm not afraid to say it.

@mrddmia @tlynno The judge should be held accountable for this mis-justice.

🚨 The Colorado Court of Appeals confirms what we’ve said for years: Mesa County District Court Judge Matthew Barrett illegally persecuted Tina Peters for her First Amendment-protected political views. 9 years in prison. For a 69-year-old woman. Because Barrett didn’t like her political views. Barrett is a garbage human being. He shouldn’t be on the bench. He should be in prison. coloradojudicial.gov/system/files/o…

@614clinton I think it is demons invading the minds of lost people. The devil likes to destroy lives.

Do you think being transgender is a mental illness?

@4thOfJuly365 💯‼️

1) You're not a pastor 2) You're mentally ill 3) You should be institutionalized

@FireNewz Me too. I hope and pray it is soon.

I look forward to the day when evil humans are in constant fear of their lives. Then, and only then, will this country be back on the right track.

@EricLDaugh @nickshirleyy Now let’s see some arrests and prosecutions. Thank you Nick.

🚨 BREAKING: President Trump gives a HUGE shoutout to Nick Shirley blowing the lid off fraud in Minnesota and California Let's go @NickShirleyy, your fraud exposing worked its way all the way up to POTUS 🔥 "The nursing home business and the daycare centers in particular, they went out and inspected them in Minnesota and they didn't exist. They're knocking on doors, happens to be a young man, Nick, nice young man, he's done a very good job!" "They're knocking on doors, it's like homes and they're getting hundreds of thousands of they didn't exist." "And in California, it's worse, it's even worse. And I spoke with Russell Vought. I said, Russell, don't send them any money, he said, but we have a court order that we have to can you believe it, a judge, the judges are really hurting this country." "Our judges, Justice Roberts doesn't like when I say it. But the judges are really hurting this country. And frankly, the justices, the Supreme Court has really hurt our country too."

@ofcrdeonjoseph 🙏 thank you for your service. Stay safe and always put your safety first.

I don’t think people understand how real this job is. Yesterday, a panicked citizen told me a young man was walking around with a gun in his waistband. As he was telling me this, he pointed and yelled, “He’s right there!” The person was walking up the street towards me with his hand on a gun in his waistband, just like the man said. With all the people around, I couldn’t wait. I had to stop him before he got to a corner with a large crowd. I exited my vehicle and confronted him. He reached for the gun again, and I was about to do something I pray I never have to do. He knew me and immediately dropped to the ground. When backup arrived, we cuffed him and removed a toy gun with an orange tip. I scolded the young man. I remembered trying to help this young man get shelter and buying him a pair of shoes a few years ago. I could have shot this man, who looked like one of my sons, over a toy. I haven’t been able to sleep all night, thinking about how close I came. Would I have been justified? Absolutely. It looked like a real gun. But what would the papers say in the morning? How would the anti-cop crowd spin it? “Cop who claimed he cares for the homeless shoots unarmed homeless Black man with a toy.” Though his race was never a factor other than how he was described by the witness. No one would have known how many times I tried to help this young brother. How many would believe this biased headline and call me trigger-happy when I haven’t shot anyone in 30 years? How many friends would I lose? How woke would the narrative be among people about how I hate myself and my people, leading me to murder with impunity. Folks, the decisions we have to make in a split second aren’t easy. But they are NOT rooted in racism or brutality. It’s what we are up against in the moment. I thank God he complied. That would have been tough to live with. This would have been another case Of a broken system failing him, and me, then all cops being made the scapegoat for it.

@C_3C_3 @InYourDreams64 Maybe some justice will come out of this. Maybe.

Leticia James broke the law lying on mortgage apps. Her criminal referrals went to Dem locations so she was safe. But… When she committed mortgage fraud she also committed insurance fraud. The insurance company is located in Florida. So her referral goes to Florida. Oops!