Legal & Governance - Shareholders are holding Meta executives and board members financially accountable for negligence and lack of oversight in the Cambridge Analytica scandal [2][4] - The trial in Delaware marks the first time a CEO and board members are facing court in a case of this nature, potentially setting a precedent for corporate governance [6] - Mark Zuckerberg is shifting from settling legal disputes to actively pursuing legal wins to set precedents [9] Financial & Investment - Meta is expected to spend hundreds of billions of dollars in a race to beat out the competition, likely in the AI and data center space [12] - Meta is projected to spend up to $72 billion in capital expenditures this year, primarily on data centers [13] - Meta is investing heavily in talent, with pay packages reaching $200 million [13] Strategic Direction - Mark Zuckerberg is adopting a no-apologies stance and is focused on dominating the tech space through legal and political victories [10][11] - Meta is considering Saudi Arabia for data center expansion due to the need for capital, space, and energy [12]

What are you seeing across the technology sector in how investors are responding to tariffs, but also how the companies themselves are communicating the impact. Thank said it's great to be back on. Well, the way we look at tariffs is they're actually very positive for the US and very negative for the rest of the world.And you're seeing that today with ASML. But US companies are mostly except maybe Apple mostly unaffected by the tariffs. A lot of them have local manufacturing.So you continue to see tech stoc ...

Space X is planning an insider share sale that would value the company at about $400 billion. That's according to our sources. The per share price is $212, and that's up substantially from the $185 set in the prior transaction.That was December. This deal marks a rapidly climbing value for Musk's rocket and satellite maker, which is now the most valuable private startup in the world. ...

Business Strategy & Market Focus - The company's AI virtual tutor saw a significant opportunity following the crackdown on the EdTech sector in China [1] - The company aims to expand into the US market, starting with mathematics, leveraging its international structure and product base [2][3] - The company is targeting to establish over 3,000 after-school learning centers in the US [3] - The company is focusing on learning centers rather than directly engaging with schools or education districts to mitigate regulatory sensitivity [5] Regulatory & Geopolitical Considerations - The company is aware of potential issues faced by Chinese tech companies in the US, such as Bytedance's TikTok, and is taking steps to mitigate concerns, including local data storage and working with American franchisees [4] - The company has not yet had conversations with Washington regarding regulatory matters [4][5] - The company views its investor's (Jeff) ties to Donald Trump as potentially beneficial in navigating regulatory hurdles, closely monitoring TikTok's progress [6] Financial Performance & IPO Plans - The company's distributors achieved $300 million in revenue last year with a gross margin of 70% [7] - The company plans to pursue an IPO, aiming to have at least 200 learning centers in the US before proceeding, potentially starting next year [7][8] - The company is considering both Nasdaq and the Hong Kong stock market as potential venues for its IPO [8]

AI Chip Sales & Geopolitics - Nvidia and AMD are resuming some AI chip sales to China after securing licenses and approvals from the US government [1][5] - Jensen Huang believes US export controls on AI chips have been a failure and put US competitiveness at risk [1] - If Nvidia can't sell modified AI chips to China, the US risks ceding the market to Huawei, potentially allowing Huawei to export AI technology [1][6] - The US government views AI chip export curbs as a negotiating chip in trade talks with China, potentially linked to rare earth exports [1][5] - The Biden administration's policy is to not sell state-of-the-art semiconductors to China, with H20 chips being a heavily depreciated exception within trade negotiations [6] - The US aims to encourage business relationships with Gulf States, creating a pathway for them to purchase American technology and chips for data centers [6] Crypto & Regulation - Two investigations into Poly Market by the DOJ and CFTC have been dismissed [1] - There's a "tectonic shift" towards getting back to fundamentals and clarity in crypto regulation, with bipartisan support in Congress [2] - Stablecoin regulation is expected to move forward, with potential for House and Senate versions to be reconciled [2] Energy & AI - Surging demand for energy to power AI is a key focus, particularly in Pennsylvania [2][5] - The US Energy Secretary emphasizes enabling private businesses to build and invest in energy infrastructure to meet rising demand [2] - Mark Zuckerberg is pledging billions in energy centers, raising concerns about energy sources [2] - Pennsylvania is a massive energy producer and could grow production further to power AI, potentially keeping the US ahead of China in the AI race [3] - A 50% tariff on copper could speed up copper mining in the US, as copper is essential for data centers [3] Mergers & Acquisitions - Cognition is acquiring the remainder of Windsurf, citing a clean fit in products, enterprise focus, and customers [1][8][9] - The Windsurf acquisition aims to combine Windsurf's IDE with Cognition's software agent, Devon, to accelerate code production [9][19][20] - The acquisition terms include immediate consideration for all Windsurf employees, integrating them into Cognition [15] Next Door App Redesign - Next Door has launched a redesigned app focused on safety alerts, local news, and recommendations [4] - Next Door aims to become a daily habit for users, with the ambition of reaching over 1 billion users [4] - Next Door is inviting local publishers to use the platform as a distribution mechanism for local news [4]

Competitive Landscape - Huawei is becoming increasingly competitive, potentially benefiting significantly from exclusive access to the Chinese market, which would subsidize their R&D efforts [1] - Granting Huawei the entire Chinese market would enable them to refine their cloud matrix system and scale up operations [1] - Nvidia believes it can compete for a significant portion of the Chinese market, even with a less advanced chip [2] - Restricting Huawei's market share in China is seen as a strategic move to limit their global competitive advantage [2] Policy Implications - The current policy regarding chip sales to China is considered nuanced and strategically sound [2] - The policy aims to prevent Huawei from dominating the Chinese market and using it as a springboard for global expansion [2]

Acquisition Overview - Cognition acquired Windsurf, viewing it as a complementary offering in the AI space [4] - The acquisition was structured as a clean cut from Google, with Windsurf's product, IP, go-to-market team, marketing team, and enterprise engineering team remaining intact [6][7] - The deal includes immediate consideration for all Windsurf employees, who are now part of Cognition [9] Strategic Fit and Synergies - Windsurf, an idea that helps developers code faster, complements Cognition's Devon, an AI software engineering agent [13][14] - The integration allows for a workflow where Devon can perform initial project tasks, with developers using Windsurf for finishing touches [14] - Both companies have a clear enterprise focus, with customers like Goldman Sachs, Citibank (rolling out Windsurf), and JP Morgan [2][15] Market Dynamics and Future Outlook - The acquisition aims to address the issue of valuable teams being left behind in aqua-hires [19][21] - Windsurf was previously considered for acquisition by OpenAI, but the deal did not materialize [11][12] - The deal structure resulted in wiping out the investors founder shares, making it an entirely employee owned company [21]

Now, look, let's be honest about this. I have a sense of deja vu because I think we've done a next door 2.0% before. So I'd say this is maybe next door 3.0%.But give me the basics of why you've done it and what you've done. Well, this is an entirely new next door, So whether we call it 2.0%, 3.0% or 10.0% doesn't matter, because for consumers, this is going to feel and operate like a completely new app, but grounded in what Nextdoor has always cared about, and that is safety alerts, local news and recommend ...

Energy Production and Demand - The US energy sector experienced a surge in energy consumption, posing a challenge to meet the rapidly rising demand [1][2] - The shale revolution has led to an explosion in US energy production, particularly in Pennsylvania, which exports more energy than any state except Texas [6] - Pennsylvania's energy production could grow massively but is limited by pipeline capacity for natural gas [6] - Artificial intelligence is identified as a new energy-intensive industry, driving significant investment plans from hyperscalers like Meta, Amazon, Microsoft, and Google, totaling hundreds of billions of dollars this year [3][4] Government and Policy - The current administration aims to enable private businesses to build and invest in energy infrastructure, rather than directly engaging in building [2] - The previous administration's policies were perceived as hindering American energy production, while the current agenda focuses on unleashing it [1][9] - The administration is not considering special tariff carve-outs for the energy industry, aiming to re-industrialize the United States [13][14] Oil Market Dynamics - US oil rig count has dropped 13% since late February, marking its longest contraction since 2020 [8] - US energy production is growing rapidly, potentially leading to lower profitability for producers and a pullback in activity [11] - Growth in demand for oil, driven by new investments and economic growth in the US, is expected to bump prices back up and keep drillers active [11] Trade and Tariffs - A 50% copper tariff is expected to accelerate copper mining in the United States, given the country's substantial copper resources [12][13] - Potential secondary tariffs on countries importing Russian energy supplies could drive oil prices up [16][17]

There were two investigations into poly market. The US Justice Department, also the CFTC, looking at whether Polly Market was accepting trades. But that was a binary investigation that our reporting says is over.What do you make of that. You know, Ed, thanks for having me. And it's funny, I spent some hours on the plane last night and I looked at the number of hours spent on Biden era lawsuits and investigations. And it was over ten years combined of man and woman hours spent on these various investigations ...