BlackfishCap

@MusaPX7 @RileyIsBuilding @BrianSozzi MSFT had teams with 100mn+ more MAUs, it wouldn’t have bought it because it didn’t have to + regulatory concerns. ZM maybe.

@equityLT @RileyIsBuilding @BrianSozzi Msft would have bought it if CRM has not bought

Salesforce co-founder and CEO Marc Benioff (earnings call tonight): "I have never seen performance like this, but this obviously is not a rational market. We all know this. So we're using our remarkable cash flows to take advantage. You know, this is not our first SaaS pocalypse. We have been through many SaaS apocalypses. You know, I remember the horrible SaaS pocalypse of 2020 when not only the software industry was dying, but we were all dying. But we made it through that. And now everyone is back doing great. So we're so grateful to make it through that, and we're going to make it through this one as well. And it's just a great marketing opportunity and a great buying opportunity."

@RileyIsBuilding @BrianSozzi CRM bought it north of 15x fwd revenue at the height of the market, could have bought it for like 2-5x a year later

@BrianSozzi Benioff's buying spree during downturns has historically paid off. Slack acquisition at $27B during 2020 uncertainty now looks prescient given enterprise communication trends.

@DarioCpx Isn’t this deferred revenue? It’s a subscription software company that sells more than just Azure, which is prob more consumption than subscription. Has it increased substantially as a % of total revenue vs. 2 years ago?

I find fascinating no one anywhere is talking about this 🙈 $MSFT reported ~57.5 Billion $ of “Short Term Unearned” revenues in the last quarter. This number is ~50%, not 5%, of Azure ANNUAL revenues. Why such a high number? Because they are using Service Credits as currency to buy equity in start ups (like the 10bn$ investment into #OpenAI financed with credits and only 1bn$ cash) 🥹

@BradHuston It kept getting worse

Disney stock is down 13% since the Star Wars Acolyte series was released. $DIS

@dotkrueger Mass Mutual owns btc I believe

Goldman Sachs Surveyed the Insurance Industry. Evidently, these luminaries believed that Bitcoin will be, and I am not kidding "the lowest performing asset class in the next 12 months". In light of these dismal expectations, only 3% had any interest. I wonder if the ETF has changed this genius-level asset allocation expertise. Link: gsam.com/content/gsam/g…

@sinstockpapi EV or Chelsea? Great spot.

@orrdavid Weren’t they selling children masked as $15k filing cabinets?

How does a company like Wayfair $W escape bankruptcy? Over a billion/year in operating losses. They've got a billion dollars of cash left. $3.1 billion debt. They barely made money during a global pandemic. $5.5 billion market cap? One of many examples...

@FLinvestor_ Pest control

Is there a Lindy industry/business that hasn't but should be able to exercise pricing power at some point?

@SleepwellCap @willis_cap he's publicly stated that he would buy Rolex if he could

Was just talking to @willis_cap and it is quite surprising that $BRK doesn't own any luxury brands considering the characteristics of the assets (pricing power, longevity, brand recognition) while being a good home for those assets given their very long term view.

@HedgeyeComm Will be end of 2Q, so likely mid-June

5/11 and still no password sharing crackdown in the U.S. $NFLX

@310Value I get it is in their own self-interest, but it's bizarre to go directly against the known opinion of the shareholders.

@equityLT They don't own significant shares. They don't care about the will of the shareholders. Co-chairs will likely be voted out in the next election.

$tpl....the swindle continues..... tpltblog.com

@310Value Thanks - what are reserves and quality of acreage like vs. TPL?

Reminder, $pbt is a Permian royalty company with no employees, airplanes, lawsuits against shareholders, drama, conflicted board members, private investigators on retainer, or fat G&A. There's its two-year returns vs $tpl. $tpl management and board take note.

Post-close 8Ks on SVB exposure: ● Roku -- $487M (26%) ● Roblox -- ~$150M ● Ginkgo Bio -- $74M ● iRhythm -- $55M (26%) ● LendingClub -- $21M ● Payoneer -- <$20M

*ROKU: 26% OF TOTAL CASH, CASH EQUIVALENTS HELD WITH SVB

BREAKING: Before the collapse of Silicon Valley Bank, $SIVB, the CEO sold $3.57 million of stock within the last two weeks.

OpenAI just dropped their “AGI roadmap” 👀 I read through it. Key takeaways: Short term: - OpenAI will become increasingly cautious with the deployment of their models. This could mean that users as well as use cases may be more closely monitored and restrained. - They are working towards more alignment and controllability in the models. I think customization will play a key role in future OpenAI services. - Reiterates that OpenAI’s structure aligns with the right incentives: “a nonprofit that governs us”, “a cap on the returns our shareholders can earn”. Long term: - Nice quote: “The first AGI will be just a point along the continuum of intelligence.” - AI that accelerates science will be a special case that OpenAI focuses on, because AGI may be able to speed up its own progress and thus expand the capability exponentially. openai.com/blog/planning-…

@ShortSightedCap @BucknSF Not well

@BucknSF And, perhaps most importantly, I don’t think investors like him. Not sure how he’s perceived internally.

Pretty amazing DJ D Sol still in charge of GS. The contrast btwn GS and MS with regards to talent retention and general coherence of strategy is pretty fucking stark.

@PandaValue Can’t wait til RE crashes 50%

@Clyde_stocks @viggy_krishnan @NoCapCapital5 Relatively easy for large enterprise contracts, not for small, frequent, consumer facing transactions

@viggy_krishnan @NoCapCapital5 why doesn't every business just "bill in USD"?

prediction - $msft fx guidance tonight is about to offset 10 additional pts of azure decel