Let's start with what is the headline. The Brazil tax dispute. Idiosyncratic to the quarter and Netflix itself, let alone the sort of broader streaming landscape.What did you make of that. Well, they took the tax from 2022 to present. And so if you look at it on a holistic basis, it was over 300 basis points impact to operating margin in the quarter.So that's why there was such a huge miss. But if you look forward, if you extrapolate that, it's only going to be about 20 basis points hit annually going forwa ...

The data from the courts is very clear. There was an element of promotion and marketing and deals that drove it. How would you summarize it.Look, we had really strong growth, as you indicated, and we're really comfortable with our growth is, as I think you're probably aware, we've been focusing on customers that want to buy both wireless and broadband from us and where we can do that, even if it's promotional, that's a good customer to pick up because they have great lifetime values and over time they'll ch ...

Earnings season in technology can bring all kinds of beautiful stories. Did you have a tax dispute with Brazil on your bingo card for Netflix. Would tell us about the world of streaming.I did not have Brazil tax issues on my bingo card, but I think the Netflix earnings were actually pretty decent. You know, we forget that Netflix has actually come a long way from a free cash flow growth perspective. They were only generating about 1.6% billion about two and a half years ago, and now they're generating close ...

Turo's Monthly Rental Service - Turo now offers car rentals for multiple months, similar to monthly leases or financing repayments, without upfront commitments or deposits [1][2] - This service targets professional hosts on the platform seeking maximum vehicle utilization, including those managing fleets through co-hosting arrangements [3][4] - Hosts set the prices, guided by Turo's recommendations [5][6] Monetization Strategy - Turo has reduced monetization on monthly trips by eliminating trip fees to enhance affordability [6][7] - The company monetizes through host fees and protection fees [7] Market Outlook and Competition - The company believes car sales may not recover to peak levels of 175 million (17 and a half million) vehicles sold in 2017, suggesting "peak car" [9] - Turo aims to capitalize on changing car access preferences, expanding its total addressable market (TAM) to the car ownership market valued at $1 trillion (1,000,000,000,000), compared to the car rental market's $100 billion [9][10] - The company acknowledges potential competition from initiatives like Tesla's proposed Robotaxi fleet [8] IPO Plans - Turo is delaying its IPO, focusing on internal adjustments and growth acceleration [11][12]

How focused are you on that portion of the chip market. More analog semis that go into all manner of things we rely on each day. It's great to see you again, Ed.You have it exactly right. I'm very, very hyper focused on the air market. Therefore, the companies I track are a little bit different than the broader semiconductor industry.For example, we have furtive reporting this week. We've amphenol. Now, those are both key suppliers into air systems.Whether or not those suppliers will be confirmed, you know, ...

Some of this we knew about. Some of it not so. The point is, is that Warner Brothers Discovery, its board and leadership, are recognizing that the market is putting some value in its different properties.Just go through each of the options that the board says that it's considering. Yeah, I mean, I think now it's officially for sale. We knew that it was basically this was happening, but now the options they're looking at is, you know, earlier this year they announced this reorganization.They were going to se ...

Rare Earth & Supply Chain - The US needs more rare earth minerals for consumer electronics and overall technological evolution [1] - Developing the rare earths supply chain is crucial, similar to the energy supply chain [2][3] - The US aims to maintain its air dominance through low-cost electricity production, supported by a well-developed energy supply chain [2][5] AI & Electricity - AI's foundation relies on data and electricity, creating investment opportunities in critical enablers and infrastructure [4][5] - The next decade is predicted to be the "age of electricity," with electricity becoming the "new oil" [5] - Utility sector is up more than 40%, ranking as the third best performing group in the S&P 500 [3] Data Centers & Investment - Companies are transforming from Bitcoin miners to data center operators due to electricity availability, leading to valuation increases [7] - Investment portfolios are underrepresenting the enablers and infrastructure companies that support AI development [10][11] - The industry is focusing on data storage devices, network switches, electricity generation, cabling, and servers as key infrastructure components [10]

What is Project Mercury. What is it that open air is working on here. Oh, good question.Ed, according to our reporting, the reporters in Dubai spoke to sources at Open Air, got their hands on some document. And the so-called project Mercury is effectively open air hiring investment bankers as contractors, people who can help with the modeling tasks, who can help the air with training it on how to write prompts, how to execute models, and how to make sure that they could get into a position where they can do ...

The way that I look at this is it's a very interesting go to market channel for you, a sales channel. Think about all of the clients that IBM has and how you've tried to grow the company. Explain how people will access help use through this.Well, through the cloud matrix. Absolutely. It's an extraordinary opportunity for both of us.IBM is going to have their sellers sell across skew. And so now you'll be able to directly access our speed, the advantages that we offer. You could think of it a little bit like ...

This desire for compute has seen companies pivot. Cool. We've Once Upon a Time was a crypto miner and now it's a key neo cloud.What are you making of all those trying to ride that wave and hiring key executives to do so. Look, at the end of the day, you're going to go where you know, whoever pays you the most and where you can sell the highest price. And to your point, the Bitcoin miners have a secured grid power.It gives them that strategic advantage. If you think about data center space. And so I think ri ...