What PayPal CEO Revealed at Citi’s Conference That Spooked the Markets
PayPal CEO Alex Chriss laid out three specific challenges at Citi’s FinTech Conference that sent the stock lower. But the presentation also contained significant progress that the market completely ignored.
Trade Desk Q3 2025: When Self-Inflicted Wounds Meet External Pressures
Trade Desk delivered solid Q3 results with 22% growth ex-political, but the competitive landscape has fundamentally changed. While management dismisses Amazon as “not really competing,” Digiday data shows advertiser preference…
Chris Hohn TCI Fund: Why 8-Year Holding Periods Beat the Market
Sir Chris Hohn holds stocks for 8 years when the market average is under one. His recent conversation reveals why patient capital works: “Good companies stay good and bad companies…
Sea Limited Q3 2025: Ridiculous Results with a Few Raised Eyebrows
Sea Limited delivered spectacular Q3 results—bookings up 51%, GMV up 28%, loan book up 70%. But the headline numbers mask some concerning underlying trends that warrant close attention. Here’s what…
PayPal Q3 2025: The Transformation Playbook is Working
After releasing Q3 earnings and announcing a ChatGPT partnership, PayPal’s stock jumped 15%—then erased all gains in two days. The company delivered exactly what management promised: Braintree’s return to profitable…
Meta Q3: Why Mr. Market Hates a 26% Revenue Grower
Meta delivered 26% revenue growth and 49% operating margins, yet the stock dropped 15%. Here’s my complete analysis of their $106 billion AI infrastructure bet, why it might actually make…
The Billionaire Who Couldn’t Afford a Jacket
The sleeves were six inches too short. When John Arrillaga borrowed his teacher’s jacket for his senior photo, he couldn’t have imagined he’d one day be worth $2.5 billion. His…
The Expanding Pie: Why Google’s Q3 Proves AI Isn’t Zero-Sum
Alphabet’s Q3 2025 validates the contrarian bet: $102.3B revenue (+16%), first $100B quarter ever. Search accelerated to 15% growth despite AI competition. Cloud margins hit 23.7%. AI Mode has 75M…
Netflix: Record Engagement Masks a Market Share Problem
Sony Pictures spent over $100 million creating KPop Demon Hunters. They then sold it to Netflix for a guaranteed profit, choosing certainty over potential billions in franchise value. It’s now…
Booking’s $9 Billion Float: The Hidden Cash Engine
CEO Glenn Fogel says Booking has no moat. The numbers say otherwise: $9 billion in customer float, 65% direct traffic, and 22% of shares bought back since 2022. Here’s what…
Booking Holdings: The Travel Stock That Thrived When Travel Collapsed
A deep dive into Booking Holdings’ pandemic playbook: How Glenn Fogel’s contrarian strategy, merchant model transformation, and Connected Trip vision created one of the market’s best recovery stories. Complete with…
Nature’s cruel lesson for bag holders
The hunt lasted 8 seconds before everything changed