This is insane! Visa just brought in $4.3 billion in free cash flow on $8.8 billion in revenue implying a 49% FCF margin 😳
To put this into perspective:
- Money-making machine Apple's FCF margin is currently around 31%
- Oil giant Saudi Aramco's FCF margin for the full year…
The man who has just redefined the AI landscape forever was just another middle manager doing Excel demos in 1993.
Satya Nadella is one of the best if not the best tech CEOs of all time.
Goat 🐐
Twitter Inc. no longer exists. It's now X Corp.
This brings us one step closer to Elon Musk's vision for X, The Everything App.
The most powerful FinTech company in the world has officially been started.
🧵
Just in March, Satya Nadella said that Google is an “800 pound gorilla” but Microsoft will make it dance.
It’s Godzilla vs. Kong now, and Microsoft is playing the music.
Phenomenal shift.
This is the CEO of OpenAI, one of the most powerful companies in the world right now.
No Gucci belts or Rolexes. Just a regular outfit and casual sneakers.
Tells a lot.
@0xgaut
My friend was being paid $200k/year as a recruiter at Google and she was doing absolutely nothing.
They asked her to attend weekly meetings. She quit on the spot.
This is getting out of control.
#Bitcoin
price milestones:
Jan 2021: $40,000 (and rising)🚀
Jan 2021: $35,000
Jan 2021: $30,000
Dec 2020: $25,000
Dec 2020: $20,000
Dec 2017: $15,000
Nov 2017: $10,000
Oct 2017: $5,000
Nov 2013: $1,000
Apr 2013: $100
Jun 2011: $10
Feb 2011: $1
Twitter Inc. no longer exists. It's now X Corp.
This brings us one step closer to Elon Musk's vision for X, The Everything App.
The most powerful FinTech company in the world has officially been started.
🧵
OpenAI CEO Sam Altman is not only one of the most powerful people in the world right now.
He's also one of the best angel investors and entrepreneurs.
Let's dive in:
Ryan Reynolds is the GOD of entrepreneurship:
- Nuvei he backed in 2023 just got sold to Advent International for $6.3 billion
- A year ago he sold Mint Mobile to T-Mobile for $1.35 billion
- In 2020 he sold Aviation Gin for $610 million
- He bought Wrexham F.C. for $2.5M (now…
At the end of 2020,
@coinbase
has filed for an IPO with an expected listing in early 2021.
If successful, it could be another pivotal move for the cryptocurrency market that could easily put Coinbase at least at a $50 billion valuation.
A thread (long one)👇🏼👇🏼👇🏼
Oliver Daemen just became the youngest person ever to go to space. He spent $28M for 3 min trip. Here’s how he did it:
1. Wakes up every morning at 5AM
2. Cold shower
3. 30 min of cardio
4. Meditation
5. Full breakfast
6. Dad owns a hedge fund
7. Journals his day
Legend.
I’m excited to announce that starting today I’m launching a daily newsletter on all things where Finance meets Technology.
Delivered every morning, it will be the only newsletter you need to keep a pulse, and most importantly - make sense, on FinTech.
*** read on ***
Apple is the only Big Tech that hasn’t done any layoffs.
The secret is very simple - they were hiring responsibly.
5 fascinating charts to explain this 🧵
Elon Musk just killed Twitter.
A filing in the Southern District of Florida shows that Twitter Inc. has been merged with X Corp. and now Twitter as we know it no longer exists.
The new phase of Twitter will be X Corp., which will run on a vision laid out more than 20 years ago
Uber has no cars.
Airbnb has no houses.
Millennials have no homes.
Web3 has more VCs than users.
OpenAI has no open source.
Google has no AI.
This is the new economy.
With 238 million users, the social media giant could definitely be transformed into an app that does everything.
Not only it could become the first Super App of the West. More importantly, Twitter can become the Super App PayPal, Klarna, and Revolut always dreamed of.
Everything goes back to the days of X dot com, an online bank Elon Musk co-founded with Harris Ficker, Christopher Payne, and Ed Ho in 1999. The company later became PayPal, which today is one of the biggest and most important payment companies in the world.
Twitter Inc. no longer exists. It's now X Corp.
This brings us one step closer to Elon Musk's vision for X, The Everything App.
The most powerful FinTech company in the world has officially been started.
🧵
This is Jeff Bezos at his office desk in 1999.
The desk was made out of an old door.
All he needed was this and $300,000 from his parents to create one of the biggest companies in the world.
Moral of the story: choose your parents wisely.
Steve Jobs never sold courses about marketing or storytelling while Warren Buffett never offered to teach you how to be a good investor.
Most people that have courses to sell are making money primarily from those courses.
Not because they are masters in their craft.
WeChat, the gold standard of Super Apps, today has 1 billion users and brings together social networking, payments, e-commerce, games, news, events, shopping, etc. all in one place.
And it started as a messaging app. Just like Twitter.
In a single week:
- Sam Bankman-Fried found guilty on all 7 charges, faces up to 115 years in prison.
- WeWork filed for bankruptcy marking one of the biggest startup failures of all time.
Forbes never disappoints. It's the Jim Cramer of Media.
The transformation Twitter is undergoing right now will be super difficult and with no guaranteed chances of success. But one thing is clear:
We're witnessing the beginning of the most powerful FinTech company in the world.
That's why
@elonmusk
bought Twitter in Oct 2022 & described his acquisition as "an accelerant to creating X, the everything app".
A month later, Musk said he will execute the X product plan "with some improvements" which will make Twitter "the most valuable FinServ in the world
This is huge! Apple is building its own AI chatbot called Apple GPT.
With 1.5 billion active iPhones, Apple can change the LLM landscape overnight.
Here's all you need to know:
Be like Adam Neumann:
- Take $16B from Softbank to create WeWork
- Inflate it to a $47B valuation while loading it up with an unsustainable debt burden & chasing growth.
- Steal from the company by registering company assets in your own name and make up creative accounting terms…
This is Giannis Antetokounmpo. The two-time MVP and NBA champion is a better risk manager than 99% of bankers.
The Bucks start opened bank accounts with 50 different banks - each one of them holding $250,000.
Giannis FDICinsuredokounmpo should start teaching masterclasses on…
Jensen Huang, the founder & CEO of Nvidia, is worth $70 billion and he's still doing his own shopping 😳
This picture was taken on Taipei's night market in late May 2023 as Nvidia's market cap reached $1 trillion.
The crazy part?
A day before, NVIDIA recorded the biggest…
The only way to prevent AI taking over is by making sure it doesn’t have the right information.
Someone has been teaching chatgpt that 2+2=5 every day
Thank you for your service 🫡
1/ This week in 1958, Visa was founded.
It marked the birth of the credit card business.
On 18 September 1958,
@BankofAmerica
(BoA) officially launched its first 60,000 credit cards in Fresno, California.
@alexisohanian
@Humane
@MKBHD
I understand where you’re coming from but I respectfully have to disagree.
We shouldn’t support or praise anything just because “they are building something”, “hardware is hard”, etc.
If it’s a bad product, it’s a bad product. Period.
Judge the outcome not the effort.
Satya Nadella is a wartime CEO making Microsoft a dominant force in AI.
While everyone's learning to play checkers, Satya is playing 6D chess.
What a goat 🐐
Twitter Inc. no longer exists. It's now X Corp.
This brings us one step closer to Elon Musk's vision for X, The Everything App.
The most powerful FinTech company in the world has officially been started.
🧵
Elon Musk acquired Twitter for $44 billion.
If he’d bought Nvidia $NVDA stock instead he would now have $181 billion.
It would have almost doubled his current net worth making him reach a whopping $376 billion.
Let that sink in.
One of the most beautiful and impactful visuals I've come across as of late.
The level of tech innovation is directly proportional to the amount of distraction.
OpenAl is launching its GPT Store next week.
Users will be able to create and sell their own GPTs for profit.
Despite all the hype, it WON'T BE the Apple App Store moment for Al.
Here's why:
@GergelyOrosz
It was the year of 2024 when VCs finally realized that the purpose of a business is to make money.
In the next 2 years we had flying cars while by 2030 the climate change was reversed.
In a single week:
- Sam Bankman-Fried found guilty on all 7 charges, faces up to 115 years in prison.
- WeWork filed for bankruptcy marking one of the biggest startup failures of all time.
Forbes never disappoints. It's the Jim Cramer of Media.
Want free
@Starbucks
for life?
Here’s how to get it in 3 simple steps:
1. Buy 200 shares of $SBUX
2. Receive $360 in dividends every year
3. Spend $30/month on coffee
Your welcome ☕️
The Sam Effect:
Microsoft market cap when OpenAI fired Sam Altman: $2.435 trillion.
Microsoft market cap when they hired
@sama
(today): $2.8 trillion.
In other words, that’s ~4x OpenAIs 🤯
People are the most important asset the company has.
Money is valuable as long as people believe in it.
Right now, people are believing in
#Bitcoin
and/or in its rising price, hence, buying more/continuing to HODL.
7/ As
@paulg
once well said:
“My default advice about hiring is to hire someone if and only if the lack of that person is the main thing holding back your growth”.
Many are now learning this the hard way.
Satya Nadella is basically at war with everyone.
It all started with OpenAI and Bing challenging Google Search.
By integrating GPT-4 into Microsoft Office, it went head-to-head against at least 100 of productivity startups.
Now Microsoft plans its mobile games app store to…
@matt_gray_
So which one is it - Saudi Arabia or Dubai?
Or this is irrelevant given the country of the future should have cities of the future too? 🤔
Confusing.
Apple's AirPods business is simply insane 🤯
2016: Apple launches the AirPods 🎧
2017: Apple sells 16 million AirPods 🎉
2018: Apple sells 35 million AirPods 🥂
2019: Apple sells 60 million AirPods 📈
2020: Apple sells 75 million AirPods🔥
2021: Apple sells 85 million AirPods💥…