Earnings Update/ Regulations

Trade Desk reported Q4 2025 revenue growth of 14%, guided Q1 2026 to just 10%, and lost another CFO in five months. Jeff Green blamed CPG and auto weakness, but…

We are in a weird moment in the stock market. The S&P 500 is just 1% away from its all-time highs. But pockets of quality businesses are getting absolutely decimated,…

MercadoLibre dropped 9% after Q4 2025 earnings on margin compression. But I’ve seen this playbook before. Revenue accelerated to 45%. Items sold hit the highest growth of the year. The…

Google tried to own the full travel transaction with Book on Google. TripAdvisor tried with Instant Booking. Both failed and went back to collecting advertising dollars. Now investors worry…

This isn’t a “Tesla will fail” call. Tesla remains one of the most technologically ambitious companies on the planet. But at its current valuation of roughly $1.3 trillion, the stock…

In my December 2025 report, “When Product Excellence Meets Market Reality,” (LINK) I posed the question that’s been nagging at this thesis for a while: “Can Paycom translate its alleged…

I’ve been writing about Google’s AI transition for over three years now. In March 2025, with AI pessimism peaking, I argued it was “premature to cancel Google Search” (LINK). By…

I’m selling my entire position in PayPal. This isn’t a decision I make lightly. A significant part of my thesis hinged on Alex Chriss turning around the company—specifically his strategy…

Microsoft beat on revenue, operating income, and EPS. But shares dropped 10% post-earnings. The concern? 45% of the $625B backlog is tied to one customer: OpenAI.

Revenue grew 24%. Ad clicks up 3.5%. Engineering productivity up 30%. The evidence is clear: Meta’s AI investments are generating returns. Here’s why I’d be more concerned if they weren’t…

For years, Netflix insisted they were builders, not buyers. Then they wrote an $83 billion check for Warner Bros.

Calvin McDonald is out mid-turnaround. Elliott just took a $1B stake. China grew 46% while the U.S. declined 3%. The brand isn’t broken—but the next CEO hire changes everything.