Investment & Partnership - Amazon reportedly plans to invest up to $10 billion in OpenAI [1] - OpenAI is expected to use the investment to purchase Amazon's products [1] Revenue & Financial Analysis - The deal raises questions about how to define real revenue in circular transactions [1]

Core Viewpoint - CarMax, Inc. is facing challenges with declining revenues and earnings, but shows some financial stability through increased auto finance income and share repurchases [3][4][6] Financial Performance - CarMax reported a third-quarter fiscal 2026 EPS of $0.51, exceeding the Zacks Consensus Estimate of $0.32, but down from $0.81 in the previous year [3][6] - The company's revenues were $5.8 billion, a 6.9% decline year over year, primarily due to a 7% drop in used-vehicle sales [3][4] - Auto finance income increased by 9.3%, providing some financial stability amidst revenue decline [4][6] Stock Performance and Market Position - RBC Capital maintained a "Sector Perform" rating for CarMax, adjusting the price target from $34 to $37, indicating cautious optimism [2][6] - As of the latest trading, CarMax's stock is priced at $38.59, reflecting a slight decrease of 1.91% [5] - The stock has fluctuated between $37.39 and $38.68 on the trading day, with a market capitalization of approximately $5.8 billion [5]

📉 2025 Market Outlook: A Year of DivergenceWe are excited to share our 2025 Ecosystem Outlook, supported by @IOGroup.While L1 prices broadly stagnated, app-layer revenue surged - signaling a potential inversion in value capture from the underlying chains to the apps built on top.Full report 👇 ...

Revenue Performance - Compound 公司在 2021 年 4 月的收入运行率约为 6000 万美元 [1] Market Observation - 众多新产品达到 1 亿美元年度经常性收入 (ARR) [1] - 市场观察到，要么经济形势非常好，要么客户获取成本 (CAC) 非常高 [1]

Growth & Market Capture - The company expresses strong confidence in capturing the entirety of the retail market [1] - Expectation of more growth for the company [1] Financial Outlook - Anticipation of more revenue for the equity [1] - Projection of "higher for longer," suggesting sustained growth [1] Product Expansion - Focus on introducing more products [1]

rain cards processing $2.9b annually getting acquired by enlv for $212m. that's 0.07x revenue. square trades at 2.5x revenue doing the same thing. rain grew 1,770% this year processing stablecoin payments through visa. public markets pricing crypto payment rails at 3% of tradfi multiples on 20x the growth rate. the arb is sitting right there. ...

jupiter doing $1m daily fees at $587m market cap. that's 1.6x annual revenue. tradfi saas companies trade 10-15x revenue for half the growth. protocol has $2.7b tvl, 34m wallets, launching jupusd thursday. kkr's former digital asset head just joined as president. market pricing bankruptcy on a protocol generating $365m yearly ...

David George is a General Partner at Andreessen Horowitz, where he leads the firm's Growth investing team. His team has backed many of the defining companies of this era, including Databricks, Figma, Stripe, SpaceX, Anduril, and OpenAI, and is now investing behind a new generation of AI startups like Cursor, Harvey, and Abridge. ----------------------------------------------- Timestamps: 00:00 Intro 01:24 Why Everyone is Wrong: Mega Funds Does Not Reduce Returns 07:13 The Biggest Advantage of Staying Privat ...

Revenue & Volume Analysis - Virtuals Protocol generates $1.7 million monthly revenue [1] - 50% of ACP transaction volume comes from a single sub-$2 million market cap project [1] - $171 million in volume originates from one agent [1] Risk Assessment - Revenue stream is heavily reliant on a single project, posing a risk of revenue collapse [1] - Virtual token trading is not diversified, resembling a single-customer business [1]

Financial Performance - Hyperliquid generates $17 million weekly revenue [1] - Hyperliquid's annualized revenue from trading fees alone is $884 million [1] Market Position - Hyperliquid achieves this without any venture capital backing [1] - Hyperliquid accounts for 80% of all perpetual decentralized exchange (perp DEX) users [1] Tokenomics - Hyperliquid currently has no token inflation [1] - Activating token value accrual on the existing revenue stream could significantly impact the token's value [1] Business Model - Community distribution has created actual product-market fit for Hyperliquid [1]