Earnings Update/ Regulations

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.

Paycom delivered Q3 results that met guidance but failed to inspire. Despite management’s evangelizing about IWant AI and Beti’s game-changing capabilities, revenue growth of 10.6% continues to lag competitor Paylocity’s…

Google went from $143 to $300 in months after appearing in my April shopping list. The narrative shifted from ‘Search is dead’ to ‘full-stack AI solution.’ Same company, different story….

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 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…

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…

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…