U6 Fan

[Spencer Pratt @spencerpratt]

Saving LA - Phase III

[Natalie F Danelishen @Chesschick01]

Everyone is worried about Elon being a trillionaire.

No one is worried about the U.S. debt being almost 40 Trillion. 🤔

[Rod D. Martin @RodDMartin]

🧵Exxon Mobil shareholders just voted 71% in favor of moving the company’s legal domicile to Texas.

They overruled the two big proxy advisers, Glass Lewis and ISS, which opposed the move.

This is huge. And it raises a serious corporate governance question: Do boards have a duty to leave blue states that punish business?

THREAD 🧵

[Camus @newstart_2024]

Jordan Peterson went straight to the point:

“I’m not a fan of collectivists. I don’t care if they’re on the left or the right. The right level of analysis is the individual, and that’s what the West got right.”

He called out Marxists, group-first identity politics, and professors turning impressionable 18-year-olds into activists before they’re properly educated.

Building a society that truly respects the individual is one of the hardest things humans have ever tried. It requires constant vigilance. Collectivism always comes back wearing new clothes, as justice, community, equity, or compassion.

“The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities.” - Ayn Rand

[Craig Fuller 🛩🚛🚂⚓️ @FreightAlley]

For the past four years, hundreds of thousand American truckers, many of them involved in the industry for decades, have suffered from the worst economic crisis in history.

There have been tens of thousands motor carriers, often small single truck operators, that have filed for bankruptcy or become insolvent due to the flooding of new entrants into the industry.

They have children and mortgages as well.

It is tone deaf when you only talk about non-compliant immigrants that lost their CDL, but fail to mention the devastation of hard working American families that have suffered from the industry becoming flooded with drivers that cheated the system to get a CDL.

[Nick shirley @nickshirleyy]

The mainstream media failed you once again, here are two examples.

They tried to debunk, cover for fraudsters, and slander my name. The governor even called it “white supremacy” to expose the fraud.

Now it’s all true, and they get to move along like they never lied to you.

It’s time to support independent journalists and leave the mainstream (fake) media behind.

𝕏 makes this possible and allows you to support independent journalists directly on the platform. If you appreciate my work and want to support, please do so. It’s not expected but very much appreciated 🙏🏼 https://t.co/R7E4gNUnC6

[Fox News @FoxNews]

BREAKING: Jessica Gorman, the mother of slain Sheridan Gorman, delivers a powerful rebuke of far-left sanctuary policies, saying that her daughter’s life was stolen by an illegal migrant who should have never been released into the community:

“No mother should ever have to wonder if her child called out for her in her final moments.”

“No mother should ever have to imagine her baby lying alone and bleeding on the cold pavement.”

“No family should ever have to bury a child because public officials failed to put innocent American lives first.”

“Please, please support leaders and policies that protect your child and mine. Because a city, a state, or a country that does not protect its children has lost its way. And together, we must be brave enough to demand that it find its way back.”

[Clay Travis @ClayTravis]

Tennessee, Florida and Texas are replacing California, New York and Illinois as the cultural and economic hubs of America. No state income tax vs highest state income taxes in the country. Pay attention to this over next generation, it’s a monster story. (2030 census per @axios).

[Eric Daugherty @EricLDaugh]

🚨 JUST IN: Fraud Czar JD Vance just dropped a BOMBSHELL saying Nick Shirley has been 100% VINDICATED, $90M in fraud has been raided in Minnesota, and more is coming

"In one of the most horrifying cases charged today, a recipient who needed 24-hour care was supposed to be receiving exactly that through a Minnesota Medicaid benefit program. But he received nothing...he was found dead."

"One day before this man died, the fraudster in question had tried to bill for the non-existent services, the services that if they had been provided, this man might actually be with us today!"

"I was shocked when I watched @nickshirleyy's bombshell investigation of migrant fraud in Minnesota, which called attention to the now infamous Quality Learing Center."

"This morning, the ringleader of the $250 million Feeding Our Future Fraud Scheme in Minnesota was sentenced in federal court to over 40 years in prison, bringing justice to the countless schoolchildren and families she had scammed. And on top of that, today, federal law enforcement launched a massive raid in Minneapolis!"

"Across the city, agents have arrested 15 people for suspected fraud that amounted to $90 million."

"In 2018, Minnesota tried to provide housing services for the homeless. They estimated that the cost of the program would be $2.5 million a year. By 2024, the program had exploded to $104 million annually, and almost all of that, almost all of it, was because of fraud."

"As a result, the state had to shut down the program and can no longer provide those services to Americans in need!"

"The victims in the cases announced by DOJ today also include disabled Americans who rely on community support to live full, independent lives."

"If you're committing fraud, our task force will find you. We'll come after you, and we will not rest until justice is served. Don't defraud the American taxpayer."

[Eric Daugherty @EricLDaugh]

🚨 HOLY CRAP! Rep. Byron Donalds just MIC DROPPED every Democrat traitor in America

"They will watch people STARVE. They will watch people be oppressed and they won't lift a FINGER, but they'll go to their cocktail party and talk about how they 'stand for freedom and liberty and democracy.' Give me a BREAK!"

"The fact that you have Democrat senators who want to stop President Trump from doing what he can to help free Cuba from more than 60 years of totalitarianism and a DICTATORSHIP."

"But then the SAME Democrats will come here and LECTURE everybody in America about how they're the 'only ones that stand for freedom, that stand for democracy.' Give me a BREAK!" 🔥

"They're lying. But this isn't new. They lie about this stuff all the time because we work in these halls and when we try to just do simple common sense policy to actually open up America's economy for the American people, drive down costs, have health care that makes sense..."

"...You know who stops us? The same Democrats who go on the trail and talk about how they're the only one standing for the little guy!"

"That war powers resolution that they're bringing is indicative of the fact that the Democrats will tolerate totalitarianism on THEIR watch and they will let it happen."

"I don't listen to them anymore and that resolution is why."

Next governor of Florida. 🇺🇸☀️

[Clay Travis @ClayTravis]

Encourage everyone to watch the full @JeffBezos interview on @cnbc. He was fantastic. Here he is discussing NYC spending $44k per student and still getting awful results and comparing it to Amazon.

[RedWave Press @RedWavePress]

NAILED IT: Jeff Bezos: “A nurse in Queens who makes $75K a year pays more than $12K a year in taxes. Does that really make sense?”

“So people talk about making the tax system more progressive. How about we start by having the nurse in Queens NOT pay taxes? At all!”

“Why is a nurse in Queens who makes $75K a year paying more than $1K a month in taxes?”

“That’s $1K a month that could help with rent or groceries or anything.”

“And by the way, do you know what that all adds up to? The bottom half of income earners in this country pay only 3% of the taxes. It’s only 3%.”

“We can find 3%. So we don’t have... it’s a small amount of money for the government. You know that. And the more I thought about it, to me, it’s kind of absurd that we’re doing this.”

“We shouldn’t be asking this nurse in Queens to send money to Washington — they should be sending her an apology. It really makes no sense.”

Exactly!

[Geiger Capital @Geiger_Capital]

Jeff Bezos on NYC spending:

"If we ran Amazon the way New York City runs their school system, packages would take 6 weeks to arrive, we would charge you a $100 delivery fee and when the package did finally arrive, it would have the wrong item in it."

[Elon Musk @elonmusk]

True

[🇺🇸 Edward T. Winslow @EdwardTWinz]

🚨 Mark Cuban endorsed Kamala Harris in October 2024..

campaigned for her.. appeared on her trail.. was one of her most visible surrogates..

18 months later he's standing at the White House next to Trump.. laughing on camera..

and here's the consequence math nobody is running..

Cuban built Cost Plus Drugs in 2022 to cut out the middlemen on generic prices.. Trump built TrumpRX to do the same thing for uninsured Americans.. the two platforms just merged into the same stage..

that means every uninsured family paying full price for fertility drugs or GLP-1s just got access to both distribution networks at once..

not because Cuban changed his politics.. because Trump didn't care that he hadn't..

the reporter tried to make it awkward.. "he endorsed Kamala Harris back in 2024"..

Trump: "Well, he made a mistake!"

Cuban: 🤣🤣🤣

think about what that means..

the fastest way to lower your drug bill wasn't a Senate vote.. it was two guys who disagreed on everything except the one thing that matters to your pharmacy receipt..

Trump has done this before.. First Step Act.. Abraham Accords.. every room where a former opponent showed up willing to deal..

the grudge was never the point.. the deal was..

and your prescription just got cheaper because of it.

I'll share more details shortly so turn on notifications, this is VERY important.

[ssj2abid @ssj2abid]

Someone said $OPEN can't scale and is destined to fail.

First, what is scale? There are roughly 4 million homes sold in the US every year. Opendoor currently does about 511/week which annualises to ~26,500 homes. That's 0.7% of the market.

0.7%. That's where we are today. In one of the worst macro environments for housing in decades. Elevated mortgage rates. Declining transaction volumes. Affordability at historic lows.

And the business is working. New cohort margins at 6%+. Best cohort economics in company history. Aged inventory crushed from 51% to 10%. Homes selling 3x faster than the overall market. Q2 guided for EBITDA breakeven.

All of that at 0.7% market share. In a terrible macro.

Can the AI engine repeat this at higher volumes? It already has. Opendoor sold 39,000 homes in 2022 under the OLD model with the OLD tech and the OLD team. That was roughly 0.65% market share. Today they're back at that level but with a fundamentally better cost structure, AI pricing engine, and full stack.

The AI doesn't get tired. It doesn't need more offices. It doesn't need more loan officers. The fixed OpEx is $33M/quarter today vs $66M when they last had this volume. Same throughput, half the cost. That's what scaling on software looks like.

The path is clear: prove profitability first, then scale profitably. Kaz guided EBITDA breakeven in Q2 and net income positive by Q4 2026. Once profitability is proven, you scale the machine. Every additional home at 6%+ margins drops straight to the bottom line.

Now the math on what scale actually means (4M US homes/year, $20K profit/home, 963M shares):

1% market share (769 homes/week):

→ 4M × 1% = 40,000 homes/year
→ 40,000 × $400K = $16B revenue
→ 40,000 × $20K profit = $800M
→ ÷ 963M shares = $0.83 EPS
→ 30x → $24.90 | 45x → $37.40

2.5% market share (1,923 homes/week):

→ 4M × 2.5% = 100,000 homes/year
→ 100,000 × $400K = $40B revenue
→ 100,000 × $20K profit = $2B
→ ÷ 963M shares = $2.08 EPS
→ 30x → $62.30 | 45x → $93.50

5% market share (3,846 homes/week):

→ 4M × 5% = 200,000 homes/year
→ 200,000 × $400K = $80B revenue
→ 200,000 × $20K profit = $4B
→ ÷ 963M shares = $4.15 EPS
→ 30x → $124.60 | 45x → $186.90

The stock is ~$5.50. At just 1% market share the math says $25-37. At 2.5% it says $62-93. And 2.5% is nothing. That's 1 in 40 homes.

Why will people use Opendoor over the traditional process?

Because the traditional process is broken and people know it.

Netflix didn't just compete with Blockbuster. It made Blockbuster irrelevant. Nobody wanted to drive to a store, browse shelves, and pay late fees when they could stream from their couch. The convenience gap was so wide that switching wasn't even a decision.

Opendoor is doing the same thing to real estate. Why would a seller deal with months of showings, open houses, and uncertainty when they can get a cash offer in minutes? Why would a buyer pay $2,400 in lender fees and wait weeks to close when Opendoor offers lower rates, $0 fees, and a faster close on one platform?

And Kaz keeps layering on reasons to never leave:

→ Doma title and escrow in-house (5 hours to 15 minutes with AI)
→ Mortgage product expanding to ~40 states by Q3
→ Cash Plus agent partnerships (35% of volume, less capital per home)
→ Future: HELOC, credit products, insurance, warranty

Every service makes the platform stickier. Every service adds margin per home. Every service makes the traditional process look more outdated.

The question isn't whether Opendoor can scale. The AI engine already proved it works at the per-home level. The fixed costs are already cut in half. Profitability is guided for this year. The products are being built.

The question is how fast.

nfa, long $OPEN 🏠

[Álvaro J @jota_snchez]

Larry Ellison acaba de hacer la única pregunta que ningún periodista en la Tierra puede responder.

Un periodista del Wall Street Journal le dijo a la cara a Larry Ellison que Elon Musk no sabe lo que hace.

Ellison no discutió. No se alteró. Solo hizo una pregunta.

Ellison:
“Este tipo aterriza cohetes sobre plataformas robóticas en medio del océano… ¿y tú dices que no sabe lo que hace? ¿Alguna vez has aterrizado un cohete?”

Una sola pregunta. Sin posibilidad de recuperación.

Ellison:
“¿Quién eres tú? ¿Por qué debería creerte a ti antes que a mi amigo Elon?”

Esta es la pregunta que toda la clase mediática lleva una década esquivando:
¿Quién eres tú para juzgar?
¿Qué has construido?
¿Qué has lanzado?
¿Qué problema has resuelto que no implique un teclado y una fecha límite?

Ellison:
“Ahí estás tú, delante de tu Apple Macintosh, escribiendo un artículo diciendo que Elon es un idiota.”

Se sientan detrás de un portátil que no diseñaron.
Usan una red que no construyeron.
Funcionando sobre chips de silicio que ni siquiera pueden explicar.
Para decirle al mundo que el hombre que envía humanos al espacio no sabe lo que hace.

Nunca han construido nada más pesado que un documento de Word.

Y aun así lo publican con absoluta certeza.

Eso es lo que debería inquietarte.
No la crítica.
Sino la confianza con la que la hacen.
La ausencia total de autoconciencia necesaria para juzgar disciplinas en las que no durarían ni un semestre.

Musk no opera en opiniones.
Opera en la capa física del universo, donde las matemáticas funcionan… o el cohete no regresa.

Sus críticos operan en un editor de texto.

Construyó el vehículo que transporta astronautas de la NASA a la Estación Espacial Internacional.
La constelación de satélites que lleva internet a zonas de guerra activas.
El coche eléctrico que obligó a todos los fabricantes del planeta a abandonar sus planes basados en motores de combustión.

Sus críticos más ruidosos construyeron una firma al final de un artículo.

Entonces… ¿por qué tanto odio coordinado?

Porque perdieron la correa.

Los ataques no aumentaron porque Musk empeorara como ingeniero.
Aumentaron porque compró X.
Abrió el algoritmo.
Le devolvió la plaza pública a la gente.
Y destruyó su capacidad de controlar lo que puedes pensar.

No odian al ingeniero.

Odian que el ingeniero les quitó el monopolio.

No puedes cancelar un cohete.
No puedes publicar un artículo contra la gravedad.
No puedes editar las leyes de la física.

Ellos controlan la narrativa.

Él controla la física.

Y uno de los dos va camino a Marte.

[Judy Shelton @judyshel]

This was the most poignantly beautiful interview ever aired and reflects the true heart and soul of Joe Kernen @JoeSquawk @SquawkCNBC. Take a few moments to watch and restore your faith in the goodness of humanity and the blessing of living each day with gratitude. I’m trying myself and witnessing something like this makes it real and inspiring and compelling.
Evercore's Roger Altman: I wouldn't be here today without Dr. Oz https://t.co/nXCSUgML0i

[Dustin @r0ck3t23]

Elon Musk just exposed everything wrong with American politics in one poll.

AOC called him “one of the most unintelligent billionaires” in the country.

Called him “morally vacant.”

Called him “not a scientist” and “not smart.”

Musk went on the NELK Boys podcast and laid the whole thing out.

Musk: “She was like saying billionaires are evil and you’re a billionaire and therefore you’re evil.”

So he didn’t argue back.

He let the people settle it.

Musk: “I hold a poll like, okay, which one do you like more, politicians or billionaires? And billionaires won by a lot.”

Then it got worse.

Musk: “Someone who was like super pro-AOC ran a direct poll of who do you like more, AOC or Elon Musk? Expecting AOC to win.”

She lost.

Not on his turf.

On hers.

Her own supporters put the question up thinking it was a layup.

The internet picked the billionaire over the congresswoman.

Not because people love billionaires.

Because people are tired of politicians who confuse volume with value.

She called him unintelligent.

He employs more engineers than most countries graduate in a year.

She called him morally vacant.

He delivers satellite internet to war zones and mass-produces solar energy for the grid.

She said he’s not a scientist.

His company is the only entity on Earth that catches orbital boosters out of the sky.

This is someone who has built exactly nothing telling the most prolific builder alive that he doesn’t understand anything.

Her entire career is grievance.

Everything is unfair. Everything is broken. Everyone else is to blame.

She doesn’t fix systems. She films herself crying in front of them.

One of them is trying to get humanity off this planet.

The other is trying to extend a clip long enough to trend.

Musk: “People in glass houses shouldn’t throw stones.”

You don’t get to call someone unintelligent when your legacy is congressional soundbites.

You don’t get to call someone morally vacant when he’s building humanity a backup planet and you’re building yourself a brand.

Musk: “Take that, AOC.”

In a hundred years the rockets will still be flying.

The tweets will be dust.

[Adam Carolla @adamcarolla]

I fucking love jim Jordan