SatoshiNotNakamoto

It’s almost time for Robinhood to report earnings again. The options market is pricing in an implied post-earnings move of about 10.2% (around 8.1% based on historical models)—meaning the market itself is pricing in a “big move.”
Last quarter (Q2 2026) was one of the strongest quarters since Robinhood went public:
Revenue was $1.308B (+32% YoY), beating expectations of $1.287B; diluted EPS was $0.62, well above the consensus estimate of $0.43.
Trading revenue was $776M (+44%): event contracts $156M (up more than 10x, with a record 13.6 billion contracts), options $342M (+29%), equities $129M (

It’s almost time for Robinhood to report earnings again. The options market is pricing in an implied post-earnings move of about 10.2% (around 8.1% based on historical models)—meaning the market itself is pricing in a “big move.”
Last quarter (Q2 2026) was one of the strongest quarters since Robinhood went public:
Revenue was $1.308B (+32% YoY), beating the $1.287B estimate; diluted EPS was $0.62, well above the $0.43 consensus estimate.
Trading revenue was $776M (+44%): event contracts $156M (up more than 10x, with a record 13.6 billion contracts), options $342M (+29%), stocks $129M (+95%), a

Today, everyone saw the news that Microsoft $MSFT announced a “Voluntary Exit Offer” (VEO) for around 60k employees, with the money saved to be invested in AI.
One point that few people seem to have mentioned is that some departments and roles are excluded from the offer. Those exclusions are a signal in themselves.
The excluded roles include the sales organization, commercial business, marketing, security, discovery & quantum, and some data center and engineering teams.
At a time when AI is gradually replacing roles and reshaping company structures is becoming inevitable, these exclusions se

The moment everyone received Anthropic’s IPO filing, they used their own AI to analyze it, read it, and make spreadsheets. Doesn’t that alone show how deeply AI has penetrated our lives and how much we depend on it?

Anthropic’s strong growth gives the dying AI SEMI a shot in the arm.
We were previously worried it would cannibalize the sector, but right now, it has truly saved the market.

Anthropic's strong growth has given dying AI SEMI a shot in the arm.
We were previously worried it would siphon liquidity, but right now, it's really saving the market.

Not all Neoclouds are the same. In fact, most new clouds that will die aren’t even publicly listed.
NBIS’s misfortune is that it became one of the publicly traded targets convenient for shorting/selling.

Elon’s remarks today dealt another blow to neoclouds. In fact, I agree with his views.
Neoclouds of all sizes are raising financing, and everyone is paying very high interest rates. They invest using financing plus some customer prepayments in exchange for future revenue. There are too many variables and potential expenses in this chain, and virtually only one source of revenue. So achieving sustainable profitability in this extremely capital-intensive sector is very difficult. That’s why I agree with Elon that most neoclouds will go bust.
But why, despite this view, do I still hold—and even b

There are still no signs of a bottom. We’re both hoping for the weekend and worried about it, since Trump loves to stir things up on weekends🙃

As of yesterday, the 90-day transition period for personal income tax on offshore trusts had ended; filing later for historically unpaid taxes will incur late payment surcharges.
The previous belief that setting up a trust could avoid taxes has been shattered. China’s new trust tax rules have a major impact, with the core issue being look-through treatment: a trust is merely an arrangement for holding and managing assets, and cannot be deemed unrelated to an individual’s tax obligations solely because of an offshore structure, a nominee holder, or “no distribution of income.”
The iron fist of