TechFenestra

Cartoon pic because I'm a wagie

[TechFenestra @TechFenestra]

// Raise taxes so bitcoin pumps

[TechFenestra @TechFenestra]

@SawyerMerritt Tesla’s map navigation software is stuck in 2014! We’re going to have full self driving before navigation works reliably🫃🏻

[TechFenestra @TechFenestra]

Closing thread;

Wolfspeed filed chapter 11 bankruptcy.

https://t.co/k9DbyGbdjC

[TechFenestra @TechFenestra]

Wolfspeed $WOLF isn’t a turnaround, it’s a slow-motion creditor takeover.

Apollo holds $1.25B in senior secured debt. March’s failed refinancing wasn’t a stumble, it was leverage.

CHIPS Act funds is delayed, likely until after Apollo takes control.

Equity is going to ZERO 🧵

[TechFenestra @TechFenestra]

Apollo’s 2030 loan is senior and secured, which means they don’t need maturity to exert control. If Wolfspeed breaches covenants or liquidity thresholds, Apollo can drive terms, push a prepack, or restructure the board now.

The CHIPS funding hasn’t been disbursed yet — and it likely won’t be until the capital stack is “cleaned up.” Apollo can match the funding after they control the asset, not before.

As for Shaolin and Balyasny — they hold unsecured 2026 converts trading at ~60 cents on the dollar. That implies the market is already pricing in a distressed outcome. Those funds are likely preparing to take equity or paper in a restructuring — not block it.

[TechFenestra @TechFenestra]

$WOLF may be a national asset.

But if this plays out as expected, CHIPS funding will arrive after equity is wiped and control shifts to Apollo.

This isn’t a bailout. It’s a buyout

[TechFenestra @TechFenestra]

Apollo ≠ neutral lender to $WOLF

Trump considered Apollo CEO Marc Rowan for Treasury.

Leon Black’s son was appointed to run the DFC.

Jay Clayton (ex-Apollo board) was Trump’s SEC chair.

They know how — and when — federal money moves.

[TechFenestra @TechFenestra]

@sweatystartup If you’re asking candidates if they had a dog in college you’re both insecure and an idiot 😂

[TechFenestra @TechFenestra]

@FranWalsh73 “They actually lost $73,000” implies there is a cost-free alternative to living in a house.

The real alternative to buying is renting.

More accurately, “the couple paid $73,000 to live in the house for 30 years.”

This should be compared to the cost/savings of renting.

[TechFenestra @TechFenestra]

@RaulJuncoV Yes, that is great context. For subscriptions, this design works perfectly.

[TechFenestra @TechFenestra]

@RaulJuncoV Got it. It’s worth noting context for the system design. For example, if a candidate applied it to a “shopping cart application,” interviewers will be concerned that paying customers will be blocked from repurchasing the same product quantity later.

[TechFenestra @TechFenestra]

@benz145 Self imposed, short deadlines have helped me focus on what matters most. I also keep a sticky note quote on my monitor, “Perfect is the enemy of good.”

[TechFenestra @TechFenestra]

@flipsidexr @BlockadeLabs @OpenAI Nice! This looks amazing

[TechFenestra @TechFenestra]

@the_ross_man @Polycam3D @playcanvas @aframevr Polycam is amazing! I’ve done something similar with my pup using this workflow.

https://t.co/0MguudEBO0

[TechFenestra @TechFenestra]

@0xca0a @the_ross_man @Polycam3D @playcanvas @aframevr For what it’s worth, you can upload and view any 3D model on Sceneshare for free 😊

[TechFenestra @TechFenestra]

@Polycam3D Well done 👏🏼