Jerry Capital

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Canadian Propaganda

[Jerry Capital @JerryCap]

Smart choice!

[Josh Wingrove @josh_wingrove]

News: Canada barred its diplomats from meeting with, attending events with or even being anywhere near US midterm candidates until the election, as part of a "risk-averse" approach to avoid any Trumpworld allegations of interference. Story via @btaplatt & me on @TheTerminal.

[Jerry Capital @JerryCap]

Traitors

[Michael Weiss @michaeldweiss]

The GRU hacked into Jared Kushner's iPhone. Dutch military intelligence (MIVD) then recruited a GRU spy who gave them access to the hacked phone. What MIVD discovered was that Kushner had access to two bank accounts --one Azerbaijani, the other Israeli --where Saudi Crown Prince Mohammed bin Salman and Emirati ruler Mohammed bin Zayed deposited money. It sounds like a slightly far-fetched episode of "Slow Horses," but it's real. And it proves just how eye-poppingly corrupt this administration was and continues to be as its "special envoy" decides the fate of tens of millions in Europe in the Middle East. Simply incredible reporting by Matthew Cole, drawn from his new book on Kushner. https://t.co/8AyV60gg1X

[Michael Weiss @michaeldweiss]

The GRU hacked into Jared Kushner's iPhone. Dutch military intelligence (MIVD) then recruited a GRU spy who gave them access to the hacked phone. What MIVD discovered was that Kushner had access to two bank accounts --one Azerbaijani, the other Israeli --where Saudi Crown Prince Mohammed bin Salman and Emirati ruler Mohammed bin Zayed deposited money. It sounds like a slightly far-fetched episode of "Slow Horses," but it's real. And it proves just how eye-poppingly corrupt this administration was and continues to be as its "special envoy" decides the fate of tens of millions in Europe in the Middle East. Simply incredible reporting by Matthew Cole, drawn from his new book on Kushner. https://t.co/8AyV60gg1X

[Shashank Joshi @shashj]

“when Kushner used the phone, they could see his screen. Almost as soon as they got inside, the [Dutch] intelligence service began capturing every image of Kushner’s screen as he used it, filing their own cache of surveillance on their internal computer servers.” https://t.co/eq0TS1sRDD

[Jerry Capital @JerryCap]

@cullenroche hes getting a free option that allows him to sell / raise equity without losing voting power. classic poor governance.

[Jerry Capital @JerryCap]

@LunaticxOsmo NO

[Jerry Capital @JerryCap]

$META is in a bear market

[chatSBC @chat_SBC]

It’s an AI winner (derogatory)

[Jerry Capital @JerryCap]

New ATH for Apple.

Apple is winning in AI

[Jerry Capital @JerryCap]

@VeeEyeEll we buy payments stocks

[Jerry Capital @JerryCap]

"Zuckerberg could eventually sell the entire original Class C allocation, reducing his economic ownership from approximately 13.4% to 6.7%, while retaining approximately 60.6% voting control. This is a meaningful governance concession to Zuckerberg. The initial share dividend does not itself dilute anyone's economic or voting percentage, but the arrangement increases his ability to separate ownership from control."

[Bespoke @bespokeinvest]

Low of the day for the QQQs, now down 2.8%.

$QQQ has now round-tripped its 7.8% gain from 9/16-10/6.

[456X @OptionKing666]

Salesforce ($CRM) agreed to acquire customer engagement platform Braze for $5.66bn in enterprise value at ~6x EV/NTM sales, pricing the asset at half its historical acquisition average of 12x. The all-cash transaction represents a 58% purchase premium over Braze's pre-announcement share price, valuing the target at $47.50 per share against $912mn in NTM sales. While the 6x sales multiple sits slightly below Salesforce's prior large software takeouts—including MuleSoft at 16x, Tableau at 11x, and Slack at 26x—it aligns closely with the broader software M&A transaction average of 6.0x recorded since 2023. Management plans to fund the entire purchase without debt financing, utilizing approximately four months of FY27 free cash flow and ~2.5% of enterprise value, while leaving existing FY27 financial guidance unchanged ahead of an anticipated FY28 close.

Unlike the prior Informatica acquisition that delivered immediate operating margin, EPS, and cash flow accretion, Braze introduces near-term profitability dilution. Sell-side models project the deal will add ~2% to reported revenue growth and contribute ~20 bps of pro forma topline accretion, assuming Braze delivers 20% topline expansion against consensus expectations of 16% to 17% for FY28 and FY29. However, analysts estimate the transaction will dilute non-GAAP EPS by ~1% in FY28 and FY29, dampening margin expansion where operating margins are modeled to edge up modestly from 34.3% under FY27 guidance to 34.9% in FY28. With management offering no defined timeline for margin accretion, investors face near-term earnings drag in exchange for acquired top-line scale.

#Salesforce #Software

Report date: 2026-10-20

[Jerry Capital @JerryCap]

$GOOG is in a bear market

[samurai @Samurai__Stock]

$META $100 down from highs in AHs yesterday…

[Jerry Capital @JerryCap]

@LiebermanAustin @nejatian i actually voted for @nejatian as the worst Canadian of the year

[Austin Lieberman @LiebermanAustin]

It is difficult to exaggerate the amount of damage done to $OPEN shareholders since @nejatian became CEO (down 85%)

[Bespoke @bespokeinvest]

The Software ETF $IGV is up 20%+ so far in the 2nd half.

The Semis ETF $SOXX is down 25% so far in the 2nd half.

[Jerry Capital @JerryCap]

$GOOG and $META been dead money since the $GOOG raise

[Jerry Capital @JerryCap]

$CSU appointed Daan Dijkhuizen Chief Al Officer and added him to the leadership team. His primary mandate is to expand VMS Ventures as $CSU's vehicle for investing in Al-native vertical-market-software businesses, while helping existing business units apply Al and share best practices. Dijkhuizen will simultaneously remain CEO of the Topicus operating group and managing partner of VMS Ventures. This formalizes a direction previewed in September, when $TOI disclosed that he would support Al initiatives across $CSU, but the explicit emphasis on acquiring Al-native VMS businesses is genuinely new.