@chamath "Let’s say Burry wakes up and decides to drop $600,000 in call options. This is going to force Kenny to delta hedge 300,000 in GME shares. When there are only under 50,000 shares available in PUBLIC FLOAT. This has NEVER HAPPENED BEFORE IN HISTORY."
My yearly reminder to all founders as you go build that next Google/MSFT/Salesforce killer app in 2026: when distribution is proprietary, distribution wins (Comcast vs Netflix), when distribution is commoditized, best product wins (chrome vs IE), when product is commoditized, best service wins (Amazon vs others), when service is commoditized, best network wins.
@RonDeSantis To be clear, the Billionaire Tax Act in California is not (just) an unrealized gains tax. It’s a 5% across-the-board confiscation of net worth. It applies even if one has already realized and paid taxes on the entire amount.
🇺🇸 HOLLYWOOD TAKES ORWELL'S ANTI-COMMUNIST MASTERPIECE - MAKES IT ANTI-CAPITALIST AND WOKE INSTEAD
Andy Serkis spent 14 years adapting Animal Farm.
Added a billionaire villain not in the book. Made her the main threat.
Napoleon - Orwell's Stalin stand-in - gets downgraded to supporting antagonist voiced by Seth Rogen.
The new villain drives a Cybertruck knockoff. Producers claim resemblance to Elon is "unintentional." Sure.
Then Serkis rewrote the ending. Orwell's original: pigs become indistinguishable from humans, revolution betrayed, totalitarianism wins.
His version: animals overthrow pigs, plan "brighter future."
Director's explanation: "We wanted some hope."
Here's the problem: Animal Farm wasn't about capitalism.
Orwell wrote it as a direct allegory for Soviet Russia - how revolutionary ideals get corrupted by power-hungry authoritarians.
The pigs ARE the communists. That's the entire point.
Hollywood just inverted the message. Took a socialist's warning about socialism becoming tyranny and turned it into "corporations bad."
Added an outside capitalist villain so the animals' internal corruption - the actual story - becomes secondary...
Orwell spent his life warning about totalitarianism from the left.
Now Seth Rogen voices Napoleon like it's a buddy comedy while the real villain is tech billionaires.
14 years to completely miss the assignment. F.
Source: GB News
🚨🇺🇸 THE BORING COMPANY JUST MADE TUNNELS CHEAPER THAN HIGHWAYS
U.S. cities pay $1.4 billion per mile for tunnels. New York's next tunnel? $4 billion per mile.
The Boring Company does it for $10 million.
Future target: $4 million.
They're building tunnels 140x cheaper than the urban average. They've even beaten the cost of building highways above ground.
Cities have been locked out of subway expansion for decades because tunnel costs are insane.
$2.5 billion per mile means politicians can't justify it, so traffic gets worse while infrastructure rots.
Elon's pitch:
Buildings are 3D. Transport needs to be 3D to solve congestion. Many layers of tunnels underground to match the many floors above.
The play: If Boring hits that $4M/mile target, every major city can afford multi-layer tunnel networks.
Traffic becomes a solved problem - not in 50 years, in the next decade.
Las Vegas already has a functional Loop. Miami, Austin, and others are next.
Welcome to infrastructure that actually gets built.
Source: @boringcompany, @elonmusk
Revenue history of WordPerfect, an early word processor:
1980: Company founded. $400k in year-one sales.
1981: $850k
1982: $1M
1983: $3.5M
1984: $10M (≈)
1985: $23M
1986: $52M
1987: $100M
1988: $178M
1989: $281M
1990: $452M
1991: $533M
1992: $600M (≈)
1993: $700M (≈)
And then:
1994: Bought by Novell for $1.4B, all stock. Worth ≈$855M on close.
1996: Sold to Corel for $115M
1997: Corel's *total* revenue was ≈$260M
What happened was: Windows
https://t.co/lVrK4uzt1s
https://t.co/puSHmzl7ZD
$QURE: "We are good to use this Louisville slugger for the game?"
FDA: "Yep"
$QURE: "Ok, this is our 5th meeting, we still ok to use this Louisville slugger?"
FDA: "Yep, all good"
$QURE: Bottom of the 9th, walks up with Louisville Slugger
FDA: "Hey, you cant use that"