Vegard

[Vegard @vegardnitro]

@SlavMarkets Yeah but how much of that 25% is hedges? $IREN has $6.75B in converts, including $3B at $73.07. Funds buy the bonds and short the stock to hedge. My guess is that explains roughly half the reported shorts.

[Vegard @vegardnitro]

@Bare_Birk Skjønner 🫡

[Vegard @vegardnitro]

@Bare_Birk Takker for svar. Spørs hvor lenge Iren kan sitte på de som er klare uten en deal for de.. Dersom de går for en stor på alle sammen kan en vel regne en 6-10b kontrakt over 3-5 år? (4.5 usd pr time)

[Vegard @vegardnitro]

@Bare_Birk De 50k B300 GPUene som blir installert og levert nå, jeg ser for meg og håper at disse går rett til retail gjennom Mirantis plattformen for best marginer. Tanker?

[Vegard @vegardnitro]

@BoxLongs Its an interview from january?

[BoxLongs @BoxLongs]

$SNAP i will make 100 of these T shirts. when the stock hits $6 bucks, i will mail them to the first 100 who retweeted the picture. Courtesy of Billy Ray

[Vegard @vegardnitro]

@laneswitch0_P 2026 projected: Revenue 7.14b with gross margins 65% = 4.64b

4.64b - 700m (SBC after share buyback of 500m) = 3.941b

OPEX at 3-3,5b.

Net result 2026 = 220-941m usd. First year profitable!

[Vegard @vegardnitro]

@_TGiR

[Vegard @vegardnitro]

@laneswitch0_P This is just based on current snap + trajectory, a modest 10% rev increase in Ad. Their OPEX and SBC remain the same. Snap should be able to reach north of 7b in rev for 2026 - Projected 225 million net result an a a first profitable year.

[Vegard @vegardnitro]

5. Bull case

$19.75: 1.422b net income and a 25 P/E multiple while accounting for future Stock-Based Compensation (SBC) net of buybacks:
$35.55 billion / 1.80 billion shares = $19.75 per share. Roughly 350% upside.

Thoughts are appreciated. Good luck!

[Vegard @vegardnitro]

4. The AR Specs Catalyst & Spin-Off

In 2026 and 2027, Snap spends an estimated $500 million annually on hardware R&D. If management spins out the Specs division into a separate entity funded by strategic venture capital, that $500 million is boosting net result instantly.

[Vegard @vegardnitro]

@CasandChary @evanspiegel @evanspiegel If you genuinely believe $SNAP is undervalued, it’s time to put your own money on the line. Step up, buy shares yourself, and show shareholders you have true conviction in Snap’s future.

[Vegard @vegardnitro]

@Bare_Birk $SNAP 400musd i cash fra Perplexity, AR-briller launch i 26 (første brillene de har laget for masse produksjon), funding hvertfall ut 2027, nærmer seg 1billion monthly active users (400m DAU), nærmer seg 1b ARR fra snap+, betalt cloud for lagring kommer. Liker R/R meget godt.

[Vegard @vegardnitro]

@Bare_Birk Solgte $NBIS på open selv, byttet ut med $IREN .