Justin

@CryptoHayes Rekt? Nah, just performing risk management on my pores.

Caption contest, whatever I think is the funniest / most insulting comment wins 10 ZEC.

@shannondrayer Do you know why some players are wearing 21 and some aren’t? Thanks!

Yaztrzemski with an 11-pitch fly out to left to start the 1st for the Royals.

@historyinmemes Audio isn’t great hear. Strings aren’t singing as much as irl I suspect. Wasn’t there, though.

John Mayer slaying the "Althea" solo at the Dead & Company Show in San Francisco last year

@tanayj Are margins down because they’re doing bigger bulk sales on avg?

NVIDIA Q2 earnings: • Revenue: $30B (+126% y/y) • Data Center Revenue: $26.3B (+154% y/y) • Gross Margins: 75% (-3pp q/q) • Operating Margins: 62% (-3pp q/q) Revenue beat expectations and guidance is reasonably strong, seems like gross margins may have peaked

@dampedspring stonks didn't seem to mind it today 🤷‍♂️

D+

@BillyM2k Go for a walk!

@CryptoHayes I’ll believe the wrath of China when I see it. Xinnie the Pooh is an inept leader even for a Communist. Just wait and see how much the western world spends to defend individual choice.

"Group of Fools" is an essay on why I'm back in the #crypto markets buying bags. As always it's all about how to strengthen $JPY and avoid the wrath of #China. cryptohayes.substack.com/p/group-of-foo…

@LouStagner If it was designed by Fazio, it’s a great course.

When it comes to what makes a good golf course... Subjective opinions are not objective facts.

@PeterDiamandis People should do whatever they want with their money. I do think it’d be cool if more billionaires competed to innovate on really cool things(like ending polio or putting people on mars) to simple but also great things like reducing the cost of toilet paper. Be a fun reality show

Why do SO many billionaires sit on their money instead of MAKING the world a BETTER place?

@elonmusk Buy them. Dump a lot of managers and milk their contracts.

Although Boeing got $4.2 billion to develop an astronaut capsule and SpaceX only got $2.6 billion, SpaceX finished 4 years sooner. Note, the crew capsule design of Dragon 2 has almost nothing in common with Dragon 1. Too many non-technical managers at Boeing.

@AutismCapital They’d def spend it on r&d, hopefully not just wearable ar. Anyway, they’ve been on the decline since they jumped the shark w this terrible ad apple.com/environment/mo…

If Steve Jobs were still at the helm Apple would have used the $110B they used for stock buybacks to double down on making wearable augmented reality glasses yesterday. Tim Cook is definitely a finance magician CEO and makes others rich, but the world needs Steves to push forward

@BoweryTrader @dampedspring No change in EV but perhaps a change in future expectations of r&d and an impact on its multiple?

@dampedspring It’s unbelievable how many brains are broken by buybacks. Enterprise value = Market Cap + Debt - Cash. Cash down, market cap down, no change in EV. Identical to dividend, just share count goes down rather than price (and arguably stickier s/h base remaining)

If a company buys all its shares back what is its public market cap? What is its weighting in the SPX? 😝

@dampedspring @CNBCFastMoney Should a companies multiple depend on its fcf for future r&d. For some companies that can obviously be very low fcf to keep a consistent mult. But w a company like aapl it seems this should hurt its mult in long term more than it will help in short term.

When AAPL repurchases Shares for retirement it reduces its float and market cap. That means its weighting in passive portfolios benchmarked indexes MUST sell. @CNBCFastMoney

@KobeissiLetter @LTI_finance Shouldn’t this effect the growth multiple as much or more as it helps the short term price from the inflated demand vs supply they are causing w the bb?

@LTI_finance They are buying their way out of the headwinds.

BREAKING: Apple stock, $AAPL, surges after the company announces a $110 BILLION share buyback, the largest in history. Apple reported quarterly revenue of $90.8 billion and EPS of $1.53, both of which were above expectations. However, revenue in Greater China was down by 8.1% and iPhone sales fell 10%. Apple is the latest tech giant to announce a massive share buyback after $META and $GOOGL. We are on track to see over $1 trillion in share buybacks this year for the first time in history. Mixed earnings but buybacks are all the market wants.

@TomerStrolight 42,752,012,345,678,987,654,321

I'm thinking of a number betwen 1 and 115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936. If you can guess it, you can have all my #Bitcoin.

Looks like @Consensys received a Wells notice from the @SECGov in regards to its @MetaMask wallet so it’s chosen to sue the regulator first, asking a court to determine $ETH status. The question @GaryGensler has refused to answer may now ultimately be answered by a court.

@holyhawtsauce @krassenstein @TiffanyFong_ Social media + Covid lockdown. The latter causing a recent exponential spike. Look at South Korea. First place to go hyper digital. One of the fastest declines in fertility rate in last decade.

what’s up you fuckin virgins

@KobeissiLetter @Kalshi Market doesn’t seem to care.

You can't make this up: Prediction markets now show a 36% chance of ZERO interest rate cuts in 2024, according to @Kalshi. To put this in perspective, 4 months ago there was a ~3% chance of no rate cuts in 2024. The base case has gone from 6 rate cuts to 1 rate cut this year. There is just a 31% chance of 2 or more interest rate cuts this year. In other words, there is a higher chance of NO cuts than 2 OR MORE cuts. This could be the fastest shift in Fed expectations of all time. Truly incredible.

@APompliano This will never pass through the house and senate.

If they want to collect unrealized gains, we’re going to need refunds on unrealized losses.

@GlobalMktObserv @KobeissiLetter Time for layoffs

@KobeissiLetter Meta beats expectations and shares tank because of higher-than-expected cost outlook *META 1Q EPS $4.71, EST. $4.32 *META 1Q REVENUE $36.4B, EST. $36.1B Full-year capital expenditures are expected to be $35-$40 billion, up from a prior $30-$37B and higher than $34.7B estimated.

BREAKING: Meta stock, $META, falls over 10% despite reporting stronger than expected Q1 2024 earnings. Meta reported quarterly revenue of $36.5 billion and EPS of $4.71, both of which were above expectations. Even with a large beat, the stock is now down 17% from its recent all time high. Is the party over for big tech?