JD

Alabama A&M, Lakers, Dodgers

[Adrian Wojnarowski @wojespn]

In a largely unprecedented financial concession to give roster flexibility to a contender, New York Knicks star Jalen Brunson has agreed on a four-year, $156.5 million extension, his agent Sam Rose of CAA tells ESPN --- $113M less guaranteed than he’s eligible to receive in one year.

[Chris D. Jackson @ChrisDJackson]

Not a Knicks fan, but I'm happy to see Mike Brown win. His critics have always pissed me off. Damn good coach.

[JD @MrJohnD]

Don’t want to have recency bias but he’s high up there for sure.

[Shehan Jeyarajah @ShehanJeyarajah]

Where does Jalen Brunson rank among all-time New York athletes now?

[JD @MrJohnD]

How many clubs in Atlanta gonna play that weak azz NY set tonight 🤦🏾‍♂️

[JD @MrJohnD]

💯

[Justin Ferguson @JFergusonAU]

Mike Brown, baby

[JD @MrJohnD]

Jalen Brunson took LESS money so the team could get more pieces, then consistently put the team on his back. Legend.

[JD @MrJohnD]

@TiKiTaughtUWell Wild to watch lol

[JD @MrJohnD]

Congrats Knicks. I’m particularly happy for Mike Brown. That dude deserves this.

[JD @MrJohnD]

Fox tied in with the mob, because ain’t NO way.

[JD @MrJohnD]

Birmingham, Alabama?

[First Squawk @FirstSquawk]

BIRMINGHAM LEADS U.S. IN JOB OPPORTUNITIES, AFFORDABILITY AND PAY FOR YOUNG GRADUATES: ADP

[JD @MrJohnD]

@primafaciecrys Hell of a player. Gone too soon. 🤦🏾‍♂️

[JD @MrJohnD]

Yooo wtf

[ESPN @espn]

Breaking: Former San Francisco 49ers LB Aldon Smith has died, the team announced Saturday.

[John Jackson @hissgoescobra]

I want to give you guys some facts about General Chappie James. He wasn’t a “DEI” hire—he was a complete badass that had to overcome MORE than any white pilot. Did 178 combat missions—that’s like 7 bomber tours on a B-17 in WWII.

His medal count? Impeccable. 3 Distinguished Flying Crosses, 14 Air Medals, Two Legions of Merit, and a Defense Distinguished Service Medal. One of the original Tuskegee Airmen, the first four-star African American General.

Hegseth couldn’t sniff the level of soldiering and warrior that was in Chappie’s DNA. God bless him. And Hegseth took down his picture from a hallway like a racist little child, which is what he is.

[Tim @trouble_man90]

Hopefully one day we can have a proper discussion on how we as a party fumbled such a legislatively successful presidency

[Praise @tufpraise]

Hitler killed himself and Germany surrendered. Japan got nuked. Do they teach history in Ohio?

[JD @MrJohnD]

@InsaneWorkofArt Nobody asked you lol

[JD @MrJohnD]

I’m starting to like Picadilly food. What does that mean? 😅

[JD @MrJohnD]

Just casually sitting next to a former Governor of Georgia at this restaurant bar lol

[JD @MrJohnD]

@gabe_gabrielle3 Lmfaoooooo man it’s funny to watch in real time

[JD @MrJohnD]

👀

[TMZ @TMZ]

Hunter Biden says he'd run in 2028 with Gavin Newsom, but only as VP.

🎥: Governor's Podcast Team

[Lee Roach @leevalueroach]

SpaceX is the most overhyped IPO of the decade and it will end exactly the way every overhyped IPO ends. Facebook IPO’d at $38 and traded under that for 15 months. Uber IPO’d at $45 and is still below that adjusted seven years later for a while. WeWork tried at $47 billion and ended at zero. Robinhood IPO’d at $38, hit $85, then $7. Coinbase IPO’d at $381 and was at $40 two years later. Rivian IPO’d at a $100 billion valuation with no meaningful revenue and gave back 90%. Beyond Meat. Peloton. Lyft. DoorDash. Bird. Each one a “generational company” the day it priced.

Each one a wealth destruction event for retail within 18 months. The pattern is not a coincidence. Hype IPOs are designed to transfer wealth from the people buying the story to the people who built the story. The bankers get paid. The early employees get out. The VCs get a markup they can show their LPs. The retail investor gets the bag. SpaceX is a great company. That has nothing to do with whether it’s a great stock at IPO. Greatness was already priced in five funding rounds ago. You are not getting in early. You are buying the exit. The only IPO worth chasing is the one nobody is talking about. Those don’t exist anymore because every IPO is marketed like a movie release. So the answer is: don’t chase. Wait two years. Buy it down 70% when the lockup unwinds and the narrative breaks. Or don’t buy it at all and put the money somewhere the bankers haven’t already extracted the alpha. Hype is not an asset class. It’s a tax.