@netflix feels like future of tv consumption. New Medium. Higher quality content. 13 part movies. #HouseOfCards is game changer

Summary: Bullish Netflix as the future of TV consumption on higher-quality content model.

structural marker; pre-classified as canonical yfinance ticker

@netflix feels like future of tv consumption. New medium. Higher quality content. 13 part movies. #HouseOfCards is game changer


Summary: Bullish SNAP: strong DAUs/engagement are the durable moat; monetization is fixable; SBC headwind will eventually be addressed.

industry='Internet Content & Information'

GS and MS have $7 one yr price targets on SNAP. You can fix monetization but you cant fix DAUs and engagement.

SBC is a painful tax but eventually Evan will realize thats an anchor and shut it down.

SNAP The most under valued consumer tech stock. 400m DAUs and growing. My biggest stock holding. Back up the truck below $10. 5x in 5 years.@jhong


Summary: Bullish on Aurora post-SPAC merger; views it as the leading self-driving tech developer with top-tier partnerships.

Aurora Innovation Inc, US-listed autonomous driving company

Excited to share that RTPY is merging with @aurora_inno. With a world-class team, market-leading technology and partnerships with @VolvoGroup, Paccar, @Uber and @ToyotaMotorCorp, we believe Aurora is the leading developer of self-driving technology. https://t.co/Q2X8JAenCC


Summary: Adding to SNAP in the $8s; sees clear path to $17 in 1-3 years with potential to $70 (pandemic high).

Buying more SNAP this week. Seems like a no brainer in the 8s. No idea when it will go up but seems like a clear path back to $17 in 1-3 yrs and potential break out to $70 (pandemic high).


Aurora is positioned to be the dominant player, esp given its high margin 'driver as a service' usage-based business model w/ compelling unit economics and network effects at scale

Summary: Long Aurora: best team/tech/partnerships to commercialize L4 autonomy at scale; winner-takes-most market with high-margin DaaS model.

We believe @aurora_inno will be 1st to commercialize self-driving at scale for the $1.8tn US transport mkt. Aurora built the best team, tech, partnerships, & will get capital it needs to commercialize. Notes below 1/6 @spacguru @kingtutspacs @DJohnson_CPA https://t.co/OJsEzj2iss

---

Aurora's team is best positioned to commercialize L4 autonomy at scale. @chris_urmson, a leader at Google’s self-driving unit for 7 yrs, pioneered the industry. Aurora’s team is now 1600+ people w/ 1400+ in product/eng and 175(!!) PhDs 2/6 https://t.co/EzWlyDYoqk

---

Aurora’s tech sets it apart: FirstLight #Lidar offers longest-range object detection (400m), and its simulation tech drives ~22 million virtual miles/day (600M+/mo). The Aurora Driver stack is a common platform- not locked to specific vehicle type. https://t.co/W1SWgi4DOp 3/6

---

Aurora’s partnerships offer path to commercialization at scale in trucking & beyond. PACCAR and Volvo are ~50% of Class 8 trucks sold in U.S.; Uber unlocks world’s largest ride-hailing network; and Toyota is the largest global passenger car OEM. 4/6 https://t.co/3hCuKe3dlv

---

The deal's ~$2b capital helps fund Aurora to commercialization. PIPE includes blue-chip tech investors: Baillie Gifford, T Rowe, MSIM, Fidelity; & partners Uber, PACCAR, Volvo. The size/quality of the PIPE speaks to the oppty w/ this company. 5/6 https://t.co/0OY1hrVDTU #spac

---

Self-driving will likely be a “winner takes most” market, and Aurora is positioned to be the dominant player, esp given its high margin “driver as a service” usage-based business model w/ compelling unit economics and network effects at scale. 6/6 https://t.co/JYpnRj2Ypk


Summary: Strongly bullish SNAP below $10; 400M DAUs, undervalued consumer tech, expects 5x in 5 years, largest personal holding.

SNAP The most under valued consumer tech stock. 400m DAUs and growing. My biggest stock holding. Back up the truck below $10. 5x in 5 years.@jhong


I remain so bullish on gaming... Zynga & Take-Two creates a company w/ the scale to be one of those leaders

Summary: Bullish on Zynga-Take-Two combined entity having franchise scale to lead gaming; author sees it as a $100B+ market cap candidate.

Take-Two Interactive Software, NASDAQ: TTWO

industry='Electronic Gaming & Multimedia'

I’m excited that Zynga today announced a plan to merge with Take-Two. This has been an amazing 15 year journey. I'd like to share thoughts as I reflect, and why I remain so bullish on gaming.  1/x

---

I started Zynga in Jan ‘07 to build a social poker game for Facebook (which had 15m users). We put real people around a table to play with real friends. We launched five months later; it quickly ballooned into the world’s largest free poker game. 2/x https://t.co/QyzuXgGJnG

---

Zynga was named after my dog Zinga; Nzinga was an African warrior princess. 3/x https://t.co/F8tA2HBaBv

---

I started playing social games as a kid (favs were Charades, Trivial Pursuit, Scrabble, Poker) My sisters were even more competitive than me, which gave me a strong sense that digital games should be designed for everyone–not just 25 y/o guys. 4/x

---

The key was to make games accessible and social. I thought my mom and sisters would love the guilds in WoW, but knew they would never endure the time and complexity. Games were more fun to play w/ friends and family, but hard to get them in the same place/time 5/x.

---

We saw the combo of social gaming +big data + virtual goods would change the game industry. We wanted to be the biggest macro bet on social gaming, expanding quickly past Poker to add games like FarmVille, CityVille and Cafe World. 6/x

---

Zynga Poker was among the first to sell virtual goods (in app purchase) at scale. The game industry & platforms largely rejected the notion of virtual goods. When Apple launched the App Store in 2008, it only allowed developers to charge for downloads. 7/x

---

I showed our iPhone Zynga Poker game to Steve Jobs, and pitched him on allowing in app purchase. He loved the game but said IAPs were a “stupid idea.” (He did get pretty much everything else right :) 8/x

---

We built Zynga on many principles: Invest & Express. Forever Franchises. Proven, Better, New. Surprise & Delight. Innovate on social game mechanics. Grow through D365 retention not virality. Be a CEO. Treat engineering days like gold. 9/x

---

To all my founder peers: this moment feels like a bittersweet victory. I’m thinking of the amazing cast of characters who were a part of this journey. I'm so grateful for the thousands of Zyngites who dedicated themselves to delivering for our players 24x7. 10/x

---

Bing Gordon has predicted that there will be at least 5 game cos in the West w/ mkt caps > $100 billion. In my view, Zynga & Take-Two creates a company w/ the scale to be one of those leaders. 11/x

---

We’re seeing games expand in every direction from hyper casual to entire persistent worlds. I believe this company will have the franchises & scale to lead in every category. 12/x https://t.co/595SGCb9P2

---

I couldn’t capture all of my thoughts on Twitter, so I wrote a longer form of this in a post over at medium. https://t.co/XKQMDkp8q2. /end


I bought today at $10. $16b for 350m dau's is cheap. Advertisers can come and go but dau's are priceless.

Summary: Bought SNAP at $10; views $16B for 350M DAUs as cheap with durable user base value.

@Jason @TWiStartups I bought today at $10. $16b for 350m dau’s is cheap. Advertisers can come and go but dau’s are priceless.

Should $snap be my next #jaytrade on @twistartups?

1. users still growing
2. revenue still growing
3. ~$5b in cash on hand, ~$4.5b in yearly revenue
4. ~$16b market cap (~$11b if you net out cash)
5.  ~2.4 P/S ratio (if you net out cash)
6. Obvious acquisition for MSFT, Google https://t.co/Gxl08sTFcf


Summary: Long SNAP to $70 over 5-year horizon despite recent fast run-up.

@adammarx13 Thanks. Honestly, had no idea SNAP would run up so fast. This was a 5 yr call not 5 weeks. I still think its a $70 stock in 5 yrs.

@markpinc Just looked at the last 2 months out of curiosity and you called this. 👀📈


Summary: Bought SNAP at $7.75, endorsing undervaluation thesis.

@nikitabier I just bought at 7.75. A duh moment.

Snapchat is easily the most undervalued social networking app. Literally one feature away away from 10x revenue:

A girl viewed your story 3 times. $1.99 to reveal


You can still buy SNAP for under $10. i bought more from $8.70 to $9.50. Bargain basement DAUs on sale for a fraction of META's

Summary: Long SNAP under $10, added $8.70–$9.50; bullish on cheap DAU valuation vs META.

You can still buy SNAP for under $10. i bought more from $8.70 to $9.50. Bargain basement DAUs on sale for a fraction of META’s:)


Summary: Recommends paired trade: short NVDA / long AAPL on relative valuation vs revenues and EBITDA.

@lessin So put on a paired trade and go short nvda, long apple. I did that with short ebay 40b, long amzn 12b.

The idea that NVIDIA is now more valuable than AAPL means something is dramatically mispriced.  Either Apple's 400B in revenue and 125B in EBITDA is way too cheap, or NVIDIA's 60B in revenue and 30 in EBITDA is too expensive...


Summary: Holds short-dated OTM puts on QQQ; bearish US equities, calls the move obvious.

@Jason Youre going long US equity right now?? I just bought short duration out of the money puts on QQQ last week. Seems so obvious it scares me!

Jaytrading update: from up and to the right to a blood bath 6 weeks in…

jaytrading is not investment advice!!! I’m learning in public and loosing my shirt (this week!)

Think I’m going to buy more…  😂 https://t.co/lD9guQpr01


Summary: Bullish GOOGL; author argues Google's distribution moat remains dominant despite AI chatbot competition.

@RihardJarc @altcap The moat is massive. Its about distribution and goog still owns that. A new chatbot wont likely take traffic from chatgpt or goog.

@altcap The moat is not that big anymore with AI chatbots answering your questions on almost every significant distribution point. $GOOGL has to cannibalize their own search with their LLMs, but even if they end up the winner of AI, it won’t be so dominant as in Search (90%+ mshare)


Summary: Long SNAP: traffic/engagement undervalued, undermonetized with timing/focus upside plus call option on new services and 11M Snap+ subs.

@mbeckett Longer convo. I think the traffic and engagement alone is under valued but its under monetized so imo more a question of timing and focus. I think you also get call option on Evan building new services. Snap+ has generelated 11m paying subs.

@markpinc Genuinely curious. I’ve owned snap forever and always felt it is wildly undervalued. But, what do you see as the path to that changing? Evan seems disinterested in actually turning it into a money printing machine.


Summary: Recommends PYPL, GOOG, and SNAP as core holdings; PYPL highlighted as strong value at 7.5x EBITDA.

https://t.co/lqudUfGabO. Paypal should be a core holding along with goog and snap. Pypl is amazng value st 7.5x ebitda.  https://t.co/lqudUfGabO


should be a core holding along with goog and snap


Summary: Prefers owning SNAP over Twitter; bullish lean on SNAP given 350M DAU growth.

@howardlindzon Well they also announced 350m daus with more growth than twitter or fb. Id rather own snap than twitter.

$SNAP they have to sell but who would pay $20 billion? only maybe $aapl


Summary: Long SNAP; bought at $9.45, recommends buying below $10 and holding.

$snap crushed today. Loaded up at 9.45 this morning. Buy below $10 and put it in a drawer.


Summary: Bullish SNAP; sees it as a $100B company with amazing potential.

@ProsusForAll @evanspiegel Sure. I love SNAP! Amazing potential. Should he $100b co

@markpinc @evanspiegel Thanks for the response. If @evanspiegel had the good judgment to “put you in the game” I’d be inclined to like the stock a lot more (and I imagine others would too). They definitely need help as far as I can tell (and I share others’ concerns about the extortionate SBC). Would


This deal shows the value SNAP can unlock any time they want. Even more engagement and valuable US audience.

Summary: Bullish SNAP: Telegram/xAI deal illustrates untapped value SNAP could unlock via similar AI partnerships.

🔥 This summer, Telegram users will gain access to the best AI technology on the market. @elonmusk and I have agreed to a 1-year partnership to bring xAI’s @grok to our billion+ users and integrate it across all Telegram apps 🤝

💪 This also strengthens Telegram’s financial https://t.co/ZPK550AyRV


Summary: Recently bought BTC; live long position disclosed.

@markpinc What have you bought lately?

Signals: https://t.co/hFOrx2sjKM


I bought GS today at $453. Hard to resist at 11.5 p/e. Also betting GS will surprise this quarter on massive trading volumes.

Summary: Long GS at $453 on 11.5x P/E and expected earnings surprise from massive trading volumes this quarter.


Summary: Bullish SNAP on expected AI-driven upside announcement around ads.

@dsternsf But i agree its not as obvious in short term as BABA was. At some point SNAP should announce exciting AI upside too esp around ads.

@markpinc Oh...i'm not saying i'm not buying it just for the BABA call, i'm just saying I'm totally skeptical, but willing to lose some $ alongside you FOMO.


Summary: Still holding SNAP long despite high SBC and limited progress.

@ShabtaiDvir I am. Taking pain. I did post after this past qtr. sbc is painfully high. Limited progress.

@markpinc Are you still holding $SNAP ? You haven’t written about it for a while


Baba is a back up the truck 'broken internet' stock. 7x ebitda and AI we are just starting to hear about. This should eventually be a $1T co too. Ive been buying at anything under $90 for a year.

Summary: Long BABA at under $90; 7x EBITDA + AI upside should push it to $1T market cap.

Baba is a back up the truck ‘broken internet’ stock. 7x ebitda and AI we are just starting to hear about. This should eventually be a $1T co too. Ive been buying at anything under $90 for a year.


Summary: Long SNAP as criminally undervalued; traffic worth $50B despite poor management.

@Jason Snap. Its not managed well but the traffic is worth $50b stick value.

What stock is criminally undervalued right now that I can buy and hold for 10 years?


Summary: Long SNAP: undervalued with operating upside from fixing perf ads/cost cuts plus a call option on long-term traffic value; founder-controlled, not beholden to Wall St.

I see two securities. Theres undervslued co with operating upside for fixing perf ads and cutting costs. Then theres a call option on lt value of the traffic. Similar to when i came back to Zynga its moving on founder time not wall st. Evan is a control founder and not beholden to wall st. He is playing offense and investing in future tech. I have no idea if his AR glasses are a good idea but i respect his product chops. Any time he wants he can unlock operating margin with cost reduction. Fixing and growing perf ads sounds easy in st and hard in lt. meaning fixing current broken system easy but unlocking big value will take more.

What to do with SNAP? De minimis rule affecting small sellers / importers could actually provide tailwind.   Shopify integration with SNAP pixel growing in popularity. Usage numbers still up. Higher ROAS than Meta, AMZN. I'm buying recent dip Sherpa? Am I crazy? You still long?


they have delivered on monetization... now theyre delivering bigger ebitda every qtr

Summary: Author remains bullish on SNAP, citing improving monetization and growing EBITDA each quarter as validation of the thesis.

@ProsusForAll @evanspiegel Yes. And they have delivered on monetization. The last time they were at $8 the world didnt believe they would ever generate profit and now theyre delivering bigger ebitda wvery qtr

@markpinc @evanspiegel Mark, based on your posting history, it seems you’ve liked $SNAP since 2022, though the first time you revealed publicly that you bought $SNAP was in mid 2023 when the stock was in the $8s. It did briefly go >$15 but has basically round tripped while its competitors (eg $META)


Summary: Added 1M shares of SNAP at $8.48–8.58; continuing to accumulate toward founder-level stake.

Bought another 1m shares of SNAP at $8.48-.58. Buying my way into founder status! @evanspiegel put me in the game!


Summary: Buying SNAP below $9.


Summary: Bullish SNAP: once management focuses on monetizing DAUs, stock goes from $20 to $70.

I dont think the form of control matters. Who cares if he has more votes than zuck? Larry and sergey, zuck all have founder control. You can buy into it or not.

The sbc is a real issue as it was in twitter.

I believe dau’s can convert to $$ whenever someone focuses on it. Their snap + proves it. The day they focus on it snap is a $20 stock heading to $70

There are several fairly remarkable things about the Snap capital structure. When I say "remarkable," I'm pretty sure they are the only (notable) company to have done *any* of these things, let alone *all* of them.

1. Snap sold non-voting shares in the IPO, and only non-voting https://t.co/nww0z2g4pZ


I see two securities. Theres undervalued co with operating upside for fixing perf ads and cutting costs. Then theres a call option on lt value of the traffic.

Summary: Long SNAP: undervalued core with perf-ads/cost upside plus a long-term call option on traffic; founder Evan controls timeline not Wall St.

@markpinc Just bought some (largely influenced by your long-term conviction). Would love to hear more about your SNAP thesis. Is it because it's founder-led + some sort of future platform play?


Summary: Recommends SNAP buy back stock, implying shares are undervalued at current levels.

Hey @markpinc , if you were on the $SNAP BOD - what advice would you be giving @evanspiegel right now? https://t.co/GmqrILfth8


Summary: Bullish SNAP; expects a 3-10x rerate at some unspecified point.

@SKYRIDER4538 Yes. Snap will one day rerate to 3-10x. Dont know when

@markpinc I did this with a few things. It only makes sense. Do you see a big potential in SNAP? Also any thoughts on Twillio?


Summary: Bullish SNAP on strong retention/engagement; believes it will eventually monetize well.

@ProsusForAll SNAP has amazing retention and engagement. Theyll get it right eventually and make a lot of money.

@markpinc are you feeling sanguine amidst recent developments? What would you need to see before you throw in towel? Good asset + bad/inequitable management = bad stock more often than not $SNAP


Summary: Added to long SNAP position at $7.45.


They have 450m dau's and dau's dont lie. They will eventually great monetization rifht and are making big headway

Summary: Bullish Snap: 450M DAUs signal strong engagement and monetization will eventually follow.

@JSchwarz9 @evanspiegel I look at quality if audience engagement, attachment to product above all else. They have 450m dau’s and dau’s dont lie. They will eventually great monetization rifht and are making big headway

@markpinc @evanspiegel How come you are so bullish on Snap?


This is the playbook for $SNAP. Become all banking for next gen.

Summary: Bullish SNAP: sees it following the super-app/all-in-one banking playbook for the next generation.

I don’t think people truly understand what’s about to happen with 𝕏 Money.

This is Elon going back to his roots - back to https://t.co/7uNdQ2MKOC - and building what he always wanted in the first place: one place that runs your entire financial life.

When he rebranded Twitter https://t.co/vYXxddhNIl


Great start on $SNAP . I know it hurts to cut staff. But this shows the leverage in their business if they choose to unlock it.

Summary: Bullish SNAP: layoffs reveal meaningful operating leverage if management chooses to unlock it.

$SNAP LAYS OFF 16%

$500M+ annualized cost savings
Targets Long term MAU of 1 Billion
Q1 rev raised to ~$1.53B
Q1 adj. EBITDA ~$233M vs prior $170M-$190M
FY26 gross margin seen above 60%
FY26 adj. opex cut to $2.75B from $3.0B


Summary: Adding 100k shares of SNAP at $4.91; hopeful management addresses SBC and opex issues.

Buy order for another 100k shares of $snap at $4.91. Absorbing deep pain. Hopeful @evanspiegel will eventually address the SBC and opex bleeding:)


Summary: Bullish SNAP: endorses activist's turnaround plan to cut costs, grow core, leverage AI, revive Specs.

This is encouraging for SNAP holders. This activist lays out a great plan for SNAP to get back to being a growth company again. They need to get lean and resourceful like Meta and X both did, grow their core business, leverage AI and then they might be in a position to pursue their Specs dreams.

https://t.co/bmgTPbnPtK