Lol at FinTwit bashing David Tepper this morning. Tepper's default settings are long and way super net long, so when he is shorting the market it's a big deal barrons.com/articles/stock… David Tepper on CNBC: "People think too much." "It's going to be difficult for things to go up right now." Fed and ECB "are going to keep rates high for a while."

A few hours since the new Twitter Blue has gone live: I’ve been followed by an Onlyfans blue check mark (follow spam), the Verified mentions are now filled with meme stock accounts, and my feed is filled with stuff like this The silly thing is more than 1,600 people RT-ed the fake blue check mark Nintendo tweet on purpose. Blue check marks for all are not ideal for brand advertisers' safety

This reads like a parody, but it’s on the Sequoia website. What a joke sequoiacap.com/article/sam-ba… Sounds like Sequoia partners were mesmerized from beginning & had blinders on. If I found out a founder was playing a videogame at same time while raising money, I would say that’s a red flag that he didn’t care about investors capital - def not something to get excited about

Elon’s town hall for advertisers starts with over 13,000 people 33,000 people

Ladies and gentlemen, the new blue checkmark! The big question is, however, will @StephenKing get an "official" label?

FedEx missing Q2 earnings estimates by 50% is not a great sign for the global economy "FedEx Express results were particularly impacted by macroeconomic weakness in Asia and service challenges in Europe .. Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S." investors.fedex.com/news-and-event…

My Q&A with @VinceZampella arguably the most successful game maker ever. Creator of 3 multi-billion-dollar franchises (COD, Modern Warfare, Apex Legends). We discuss Call of Duty, industry M&A, Battlefield's future, Metaverse, his secret sauce and more $EA barrons.com/articles/ea-vi… Fascinating gaming history tidbits. GameTek, the nixed Half Life expansion and why it failed with Valve. AIso, imagine being the two people left behind when nearly the entire Medal of Honor team left and followed Zampella to create Call of Duty. Ouch.

Unity shares are down nearly 80% this year. The list of problems - overpaying for acquisitions and poor management - is similar to what happened when the company's CEO John Riccitiello ran EA. A leopard can't change its spots $U barrons.com/articles/unity… Female CEOs make up roughly 5% of the S&P 500. Why do men like JR get multiple shots after terrible terrible performance? It's ridiculous

The amount of time and mental energy wasted reacting to two social media accounts is frightening when there is so much more serious stuff happening in the world (international energy crises, potential famines, geopolitical volatility in many countries). 1/ WSJ: "worst hunger emergency in a half-century is afflicting Somalia and some of the world’s other poorest countries .. increases in the cost of food and fuel since March have pushed an additional 47 million people into acute food insecurity" wsj.com/articles/ukrai…

Wow. Amazon Prime Day deals are terrible this year. Like this tweet if you agree Also, a 2-day event is not Prime Day! It's Prime Days

My latest: "Intel Should Slash Its Dividend. Chip Maker’s Future May Depend on It."

Intel needs to accept its precarious fundamental and financial reality. Its three-decade old dividend needs to go $INTC barrons.com/articles/intel… Not only is cutting the $6 billion per year dividend the right fundamental move for Intel, it would be good political optics. How can it ask for government handouts ($52 billion CHIPS Act) with a straight face, while paying $24 billion in dividends to shareholders next 4 years?

Celsius was one of the Google Ads in my screenshot below when I wrote my cautionary crypto-yield column back in February. And now this: blog.celsius.network/a-memo-to-the-…

https://twitter.com/firstadopter/status/1494684016842317828

Stanley Druckenmiller interview with @collision at Sohn 2022 Notes: Stan says we are six months into a bear market with a ways to run. Recession is in the cards, just don't know when. Could be early or late 2023 1/n

Ethereum's free fall continues today $NVDA 👀

Great insights from Lux Capital’s co-founders @wolfejosh and @peterjhebert on what is happening in the technology industry today and what will happen going forward barrons.com/articles/how-t… “We talked to a lot of peers who have never lived through the cycle,” Wolfe says. “We sort of were born in the fire, watching the boom and bust of the dot-com crisis, and formed Lux studying why other firms had failed and what they did right and wrong.”

The number one question I get asked: Is this the bottom for Nvidia? Nope. Not by a long shot. My latest $NVDA barrons.com/articles/nvidi… Nvidia has aggressively doubled and tripled pricing for its graphics card this cycle, taking advantage of the unprecedented demand from cryptominers. That mining demand has "disappeared" and pricing now needs to be reset much lower, which will crush profit margins

New Nvidia RTX 3090 cards are now selling below MSRP on StockX Nvidia RTX 3080 TI below MSRP too. Crypto miners 👀

Tech fundamentals are getting worse .. and it could get a lot worse. There are clear signs last week risks are rising for another leg down for tech barrons.com/articles/tech-… In the last week Uber, Meta, and Twitter took actions to pause projects and manage expenses. Companies are laying off workers (Robinhood, Blend). None of this happens in a vacuum. Logic dictates others will follow and a negative feedback loop for enterprise tech spend is imminent

Can anyone explain to me how a US dollar backed stable coin can offer 8% interest? I don't get it. Latest column: "high-yield crypto market is eerily reminiscent of the early days of the 2008 financial crisis, when Icelandic banks offered high yields to global retail investors. In that case, the banks had taken inordinate risk.." bloomberg.com/opinion/articl…

Latest column: Gaming NFTs are a corporate cash grab of the worst kind. GameStop, Ubisoft, EA and Square Enix should listen to gamers' furor against NFTs because they are right. bloomberg.com/opinion/articl… "most important reason that game companies might want to steer clear of NFTs is that they would be fueling a speculative frenzy. Once the NFT bubble bursts, as it inevitably will, some gamers will be left holding worthless assets." bloomberg.com/opinion/articl…

If you're surprised GME has been working on an NFT marketplace, you haven't been paying attention (corp. job listings, NFT page, conference call comments.) This re-hash leak probably doesn't bode well for their holiday sales report (coming soon? judging from prior years) IMO I wrote about GameStop NFT / hiring thing in a column last May fwiw. Oh, look at their website ->