broadglow

matt levine for ai -- ball knower

[broadglow @broadglow]

@sama @elonmusk I’m never deleting this app

[broadglow @broadglow]

@joy Never been - that’s red right?

[broadglow @broadglow]

cant prove it but this is red state-blue state coded

[Tyler “Beaver Basher” O’Connor @BeaverBasher67]

A 9/10 lake house clears a 9/10 beach house, but a 5/10 beach house clears a 5/10 lake house

[broadglow @broadglow]

@WestsideLAGuy @emilysavesusa @priyaee does this work? asking for a friend

[broadglow @broadglow]

hand them to wang

[Roy @usr_bin_roygbiv]

zuck could do the funniest thing ever right now, short the anth ipo, pull their contract, and then scoop all the talent and hand them to wang

[broadglow @broadglow]

laguna suns any lake town sorry

[Tigers Wood @TigersWoodjwg]

@OldWillieBoy @BeaverBasher67 Laguna beach

[broadglow @broadglow]

Whats the next bubble in AI? Not on the DC side (power, etc.) but on the software side.

So far we've seen
- Evals & red teaming
- Data labelling (Surge, Mercor)
- Vertical SaaS (Legora, Rogo, etc.)
- Codegen (Windsurf, Devin, etc.)
- RL Environments (fleet, prime intellect, etc.)

Off the dome:
- Robotics
- Data for robotics (crowd sourced, synthetic etc.)

If true, then the next 10b+ companies not yet founded are in applications, robotics, and data center infra?

[broadglow @broadglow]

neo-greco nashville

[Trevor Acorn 🔰🌹🇺🇸🌎 @trevoracorn]

Whatever we want to call this style, it’s a style we’re going to see a lot of in the coming decade.

[broadglow @broadglow]

This thread surfaced a bunch of cool things but they will never become mainstream again. Consumer minds are like locks and the keys change over time. A key from 2005 won’t work because the lock has changed.

Consumers are lazy, poor, have low attention spans and require maximum stimulation.

Which yields: gambling/pred markets, short form, short dramas, Robinhood.

Anything that ignores that for the sake of nostalgia will be very niche and I think very difficult to turn mainstream

[Hubert Thieblot @hthieblot]

Anyone who surfed the early web between 1995-2010.

What’s the one website/app you still think about?

[broadglow @broadglow]

1.25 vs 1.00 — this is the essence of startup life

[Paul Graham @paulg]

When I lived in NYC I used to get bagels with butter because they were cheaper than bagels with cream cheese, and now bagels with cream cheese taste wrong to me. I have to have butter.

[broadglow @broadglow]

no bro, when mouthbreathers like you use tax dollars, its socialism, but when a GENIUS like me and my homies use tax dollars it's akshually a highly advanced form of capitalism -- u just dont get it bro

[unusual_whales @unusual_whales]

BREAKING: US officials have had talks about having government acquire shares in AI giants, per NOTUS

[broadglow @broadglow]

GMV =/= revenue but marketplace startups will tell you otherwise

[Bull Theory @BullTheoryio]

🚨 INDIA MAY HAVE JUST WITNESSED ONE OF ITS BIGGEST ACCOUNTING FRAUDS EVER.

SEBI alleges that Rajesh Exports, one of India's most well known gold companies and a Fortune Global 500 firm, faked $158 billion in revenue, 99.8% of everything it ever claimed to earn over the last 5 years.

Rajesh Exports owns a Swiss gold refiner called Valcambi SA through overseas subsidiaries.

The parent company booked the full value of refined gold as its own revenue, even though it never owned the gold. It only held it temporarily for refining on behalf of customers.

Valcambi's own audited financials show it generated less than 0.5% of what Rajesh Exports was claiming as group revenue.

When SEBI asked for subsidiary financial records, Rajesh Exports repeatedly refused, citing Swiss privacy laws. SEBI is legally authorised under those same laws to request the records.

SEBI also found $1.3 billion in recorded transactions with a firm called Affluence Shares and Stocks.

Affluence told SEBI directly that Rajesh Exports was never its client, no agreement existed, and no trades were ever executed.

SEBI alleged those entries were fabricated to match gold derivative trades the owner was running through his personal account using company funds transferred without board approval.

Owner Rajesh Mehta has been banned from all securities market activity and a forensic audit has been ordered.

LIC, India's largest state insurer, owns 10.8% of the company.

The company has denied all charges and plans to contest the order.

[broadglow @broadglow]

JUST IN: Bank of America & UnitedHealth partnering to direct-deposit SpaceX shares into your 401k if you donate a kidney, 1 liter of blood, or a pint of semen, saying “We are seeing tons of demand — there is definitely not a liquidity issue”

[broadglow @broadglow]

300-700m in fees btw — Jamie knows he’ll have to sweat for it

[Exec Sum @exec_sum]

Jamie Dimon will personally pitch JPMorgan's high-net-worth clients on SpaceX's IPO

Dimon will host a 'live interactive discussion' today, simulcast from JPM's HQ, for over 2,500 clients across 90 locations and 26 states

He will be joined by JPM's asset and wealth management CEO Mary Callahan Erdoes and SpaceX president Gwynne Shotwell and CFO Bret Johnsen

Bank of America is also hosting a similar client event for over 5,00 clients with co-president Jim De Mar

[broadglow @broadglow]

@metapreston Yup once you build for TikTok brain consumers, keeping the interest of a business person is 100x easier

[broadglow @broadglow]

You don’t hold single stocks? You just hold the S&P? Do you even know what the P in S&P stands for?

That’s right pal — stay Poor

[broadglow @broadglow]

Standard and Poors W

[Sawyer Merritt @SawyerMerritt]

Wow, the S&P Dow Jones Indices has just officially announced that they will NOT be changing their inclusion rules to make it easier for “MegaCap” companies (such as @SpaceX) to be fast-tracked into the S&P 500.

Their reasoning:
"S&P DJI determined that exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization. The decision not to adopt the proposed exceptions preserves core index principles by maintaining consistent application of these key requirements. Although there may be trade-offs between strict adherence to these eligibility requirements and broad representativeness, the current methodology provides substantial market coverage and sector balance. As a result, the indices can continue to meet their stated objectives while preserving their role as representative and investable benchmarks for the U.S. equity market.

No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, S&P MidCap 400, or S&P SmallCap 600 as a result of the S&P Dow Jones Indices consultation on the treatment of MegaCap companies. Accordingly, there will be no changes to existing methodology for this index family."

This means that the earliest @SpaceX could be eligible to be added to the S&P 500 would now be June 2027.

The requirements that will now remain in place are:
• No changes to S&P 500 eligibility rules for mega-cap companies.
• Mega-cap companies will still need to wait 12 months after their IPO before being considered for S&P 500 inclusion.
• S&P will not waive profitability requirements for mega-cap companies. The company must have positive GAAP net income in the most recent quarter, and the sum of the most recent four consecutive quarters.
• S&P will not waive minimum public float requirements for mega-cap companies. At least 10% of a company's shares must be publicly tradable ("free float").

The S&P rejected proposals that would have:
• Reduced the IPO seasoning period from 12 months to 6 months
• Waived profitability requirements
• Waived minimum public float requirements

[broadglow @broadglow]

gatherer biden handle for shitposting would go hard right now

[broadglow @broadglow]

@benjamin_horne I appreciate that Sam has changed his tune on this — much more realistic of humans + ai being the future for most professions