Hide the money y’all… there’s poor people ’round here… That’s essentially what Netflix co-founder Reed Hastings said after swaggering into the Warner Bros. auction, walking right past David “Daddy’s Money” Ellison, and throwing down a $72 billion bag of money just to own the rights to hear Tony Soprano mutter “whaddya gonna do?” and walk out with Game of Thrones tucked under his arm. And just like that, the biggest bid...
SoftBank Group Corp. is in advanced talks to acquire DigitalBridge Group Inc., a major investor in digital infrastructure, in a move that would give the Japanese conglomerate deeper exposure to the global data-center boom powering artificial intelligence.According to people familiar with the discussions, SoftBank is negotiating a deal that would take DigitalBridge private. Shares of DigitalBridge (NYSE: DBRG) jumped as much as 48% on the news and were last trading at $12.63, though deliberations...
Well, I woke up sick this morning with my head pounding and my throat full of junk (I’ll spare you the rest of the gruesome details) but let’s just say I’m not exactly thriving. And yet, even in this tragic state, I can promise you I’m still having a better day than nepobaby David Ellison. And why’s that? Because Netflix rolled up to the Warner Bros. auction and outbid whatever Daddy Ellison was willing to spend on Harry Potter and Tony Soprano. They essen...
They can’t keep getting away with this… Future Commander and Chief Don Jr. & Co. (read: Eric Trump), just pulled off the funniest plot twist in SPAC history: they launched one in 2025… and it actually went up. (Source: Giphy) New America Acquisition I Corp., the patriotically named blank-check playground of the Trump boys, IPO’d at the traditional $10 and immediately drifted higher like everyone just collectively forgot what happened the las...
Starbucks will pay a total of $38.9 million to more than 15,000 New York City workers after city officials concluded the coffee chain violated the city’s Fair Workweek law by denying employees stable schedules and cutting hours without warning. The agreement, announced Monday by the NYC Department of Consumer and Worker Protection, includes $35.5 million in restitution to current and former hourly Starbucks workers and $3.4 million in civil penalties. The company also agreed to comply w...
Well, I woke up sick this morning with my head pounding and my throat full of junk (I’ll spare you the rest of the gruesome details) but let’s just say I’m not exactly thriving. And yet, even in this tragic state, I can promise you I’m still having a better day than nepobaby David Ellison. And why’s that? Because Netflix rolled up to the Warner Bros. auction and outbid whatever Daddy Ellison was willing to spend on Harry Potter and Tony Soprano. They essen...
You know that feeling in the school cafeteria when you’re laughing at someone else getting roasted… and then the guy doing the roasting suddenly swivels, points at you, and cooks you alive? Yeah. That’s Elon today… sitting at the lunch table, mid-chuckle, when Michael Burry turns and says, “Alright buddy, your turn.” Burry has apparently taken a short break from calling Nvidia the next Enron to fire a fresh missile straight at Tesla. This all comes...
Right message, wrong messenger… Ladies and gentlemen, the man most memed on Twitter for wrecking more stock growth stories than Jerome Powell just showed everyone not only is he one of the worst stock predictors in history… he also lacks any self awareness whatsoever. Because Jim Cramer just blamed Michael Saylor and Microstrategy for the market crash that’s taking place over in Japan right now. Yes… Japan. And yes… Cramer. The same man who once told A...
Just weeks after Warner Bros. Discovery formally put itself up for sale, the bidding process has accelerated… and Netflix has now stepped in with a mostly cash offer that’s drawing significant attention across the media industry. According to reports… Netflix, along with Paramount Skydance and Comcast, submitted updated bids in a second round that wrapped over the long Thanksgiving weekend. The offers are described as binding, giving the Warner Bros. board the ability to a...
On the first day of Christmas, my true love gave to me… a bunch of blood in the streets. Metaphorically, of course… nobody’s recreating the Red Wedding out here. But the market sure acted like someone canceled Christmas. After a five-day win streak, stocks looked around, decided all this joy was making them itchy, and said “Nope, we’re done here.” It’s very “Trump on the campaign trail” energy… “you’re gonna get so...
“I’ll never financially recover from this…” - Zuck And just like that friends, the $70B metaverse w*t dream… the one Zuch has been LARPing since 2021… is getting the Ozempic treatment. According to Bloomberg’s “anonymous sources” (so, the interns who don’t realize snitches get stitches), Meta is considering up to 30% cuts to its metaverse budget next year. Horizon Worlds, Quest software, all the virtual real estate no one v...
Some thoughts and prayers, please, for the Facebook moms who post crockpot recipes with 14-paragraph life stories attached. Tough day for them… Zuck just announced he’s slicing Meta’s budget by 30%, and somewhere the algorithm let out a soft, panicked wheeze. And naturally, he paired that announcement with his favorite side quest: mortgaging everything that isn’t bolted to the floor (the farm, the house, and rumor has it, his own mother) so he can shovel...
Lumine Group Inc. has entered into a definitive agreement to acquire Synchronoss Technologies, Inc. (Nasdaq: SNCR) in a transaction that will complete Synchronoss’ multi-year transformation and mark Lumine’s first takeover of a publicly traded company. Under the terms of the agreement, Lumine, a subsidiary of Constellation Software and a global “buy-and-hold-forever” acquirer of communications and media software businesses, will purchase Synchronoss for $9.00 per share...
Amazon’s long-running partnership with the U.S. Postal Service may be heading toward a major turning point. After months of negotiations over a new delivery agreement (and an unexpected change in how USPS wants to work with its biggest customers) Amazon is now weighing whether to take its entire package business in-house. The two sides have been working to renew their contract before it expires in October 2026, but according to reports, the talks haven’t gone anywhere. What really...
“I am never going to financially recover from this.” -Every bond trader after hearing Kevin Hassett’s a lock to be Jerome’s successor First, bond markets had to survive 2022… the year Liz Truss took the UK gilt market, shoved it in a blender, and hit “puree this sh*t.” And now? Now we’re staring down the barrel of a potential Kevin Hassett Fed chairmanship… which some traders are describing as “Powell, but if Powell woke up every m...
So you’re saying we’re in a bubble? The Bing of AI products (read: Microsoft) just got an expensive reminder that enthusiasm ≠ revenue. The short version: Microsoft’s AI sales targets quietly whiffed, The Information published the receipts, and traders went full-send into “Eat sh*t” mode as shares tanked nearly 3% yesterday. (Source: Giphy) However, the long version is even better… and way more predictable if you’ve bee...
“In a van down by the river” just got real AF… I’ll be blunt with this one: The November ADP print hit, and it wasn’t a “soft landing” number… it was a friggin’ “soft body hitting the pavement” number. Why? Because it appears that private-sector payrolls fell 32,000… the biggest drop since early 2023. But that’s not even the bad part. The bad part is that this wasn’t big tech trimming the fat or Fortu...
Zuck hasn’t pulled off a heist this clean since the Winklevoss twins trusted him with a handshake, you guys… Because in what can only be described as Silicon Valley’s version of Lebron leaving Cleveland for Miami, Meta just poached Alan freaking Dye (the man who has been designing Apple’s soul since 2015) and Cupertino is giving major “crying in the Whole Foods parking lot” energy right now. According to multiple reports, Dye is out. Gone. Teleporti...
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