St. Louis Financial Planners Asset Management disclosed a new position in Uber (UBER -0.10%) in the third quarter, acquiring 32,258 shares in an estimated $3.2 million trade, according to a filing with the SEC.What happenedAccording to a filing with the Securities and Exchange Commission on Thursday, St. Louis Financial Planners Asset Management acquired 32,258 shares of Uber in the third quarter, establishing a new position valued at nearly $3.2 million as of the quarter ending Tuesday. The trade value was ...

RT Gareth Jenkinson (@gazza_jenks)Main stage at #TOKEN2049 🍻Network effects. They make or break protocols, products and services.What happens when blockchain plugs into a network of 1 billion + people?Facebook tried with Libra but it got shutdown.Telegram + TON is the next best thing.Good times 🔥 https://t.co/Ri1Fz2mjAh ...

Key Takeaways Nu Holdings reached 123M customers in Q2 2025, covering 60% of Brazil's adult population.NU added 18M new customers in 12 months, averaging 1.5M sign-ups monthly.Quarterly revenues rose 29% year over year to $3.7B, driven by rapid customer growth.When it comes to fintech disruption, few players are rewriting the rules like Nu Holdings Ltd. (NU) . The secret? Not just fancy apps or sleek cards, it’s pure, relentless customer growth.In the second quarter of 2025, the company reached a remarkable ...

Core Thesis - CME Group Inc. is positioned as a leading player in the derivatives marketplace, with a strong focus on futures and options, and is benefiting from structural growth drivers and network effects [1][4][6] Company Overview - CME Group's share price was $262.30 as of September 12th, with trailing and forward P/E ratios of 25.39 and 22.52 respectively [1] - The company plays a crucial role in financial markets, providing platforms for hedging against volatility in various sectors, including agriculture, airlines, and financial institutions [2] Product Offerings - CME's core offerings include interest rate futures and options, energy and agricultural contracts, equities, and foreign exchange derivatives, along with trusted clearing and settlement services [3] - The company has successfully launched innovative contracts like the Micro E-mini S&P 500 and SOFR futures, contributing to significant trading volume growth [4] Growth Drivers - Structural drivers for CME's growth include rising market volatility, increasing global demand for hedging, and greater adoption of clearing and data services [4] - CME's business model is designed to create durable value, emphasizing financial stability and risk management for global market participants [5] Market Position - CME's infrastructure is deeply embedded in market structures, making it difficult to replace, and its liquidity attracts further participation, enhancing its competitive advantage [3][4] - The company has demonstrated a consistent ability to compound shareholder value over the long term through innovation and scale [5]

Key Points Amazon's portfolio position is significant for Ackman, but it's not his largest one. Uber’s combination of scale, management quality, and undervaluation has been the draw. Ackman calls it “extremely rare” in large caps, and investors can learn key some lessons. 10 stocks we like better than Uber Technologies › When billionaire investor Bill Ackman makes a move, Wall Street pays attention. The founder of Pershing Square has built his reputation on high-conviction, concentrated bets -- o ...

Network Effects & Value Drivers - Network effects and Metcalfe's Law are crucial for understanding value and price drivers in the Exponential Age [1] - Solana's strategy of building network value with their new Seeker phone is considered clever [1] Solana Mobile Strategy - Solana is betting big on mobile [1] - Solana is building network value with their new Seeker phone [1]

Network effects and Metcalfe's Law have always been something that I'm very curious about...And once you crack that, you understand what drives value and price in this Exponential Age...I think the way that Solana has been building network value with their new Seeker phone is v clever!So, I sat down with Emmett Hollyer, General Manager of @solanamobile, to dive deep into their roadmap and why they're betting big on mobile... As ever, please enjoy! ...

RT Tamar 天马 (@tamarincrypto)I’ve been getting a lot of inbound questions about how different stablecoins on Solana are being used: who holds them, how they move and how they interact with different stakeholders across the ecosystem.I’ll be sharing more insights on this topic, one stable at a time.Starting with @circle's USDC, here’s what stands out:→ ~$12B USDC supply on Solana→ ~$2B held in @SquadsProtocol wallets→ A large portion is held on CEXs, primarily @coinbase and @binance , which together hold arou ...

AI Productivity Impact - Aggregate productivity data does not yet reflect a significant impact from GenAI, with output per hour worked growing at a similar rate to pre-ChatGPT projections [1][2] - The broad-based positive impact of AI on productivity may take longer to materialize, similar to the delayed impact of computers in the late 20th century [3][4] - Some sectors are experiencing productivity gains from AI, but these gains are not yet widespread [6] Profitability Concerns - Increased productivity due to AI may not immediately translate into increased profits for investors, potentially mirroring the delay seen during the dot-com era [6][7] - The lack of network effects in AI, unlike companies like Meta or Microsoft, poses a risk to widespread profitability across industries [8][9] - AI's high capital expenditure requirements, similar to the airline industry, could limit overall profitability despite its importance for economic growth [10][11] Investment Considerations - Investors may not be patient enough to wait for productivity numbers and profits from AI to improve [4] - While some companies like Nvidia are seeing profits from AI, many others are incurring costs to implement it [8] - The commoditization of AI technologies, such as neural net transformer architectures, could further challenge profitability [11]

Market Opportunity & Growth - Digital insurance ad spend is projected to reach $14 billion by 2026, representing a 23-26E CAGR of 15% [13, 20] - Digital insurance ad spend growth is outpacing overall digital ad spend growth, with a 27% increase expected in 2024 compared to 13% for overall digital ad spend [21, 22] - The Property & Casualty (P&C) insurance industry is recovering, with carriers refocusing on growth and customer acquisition as underwriting results improve [37] Financial Performance - The company's LTM Transaction Value reached $1.9 billion [17] - LTM Q2 2025 Adjusted EBITDA was $116.8 million, representing a 136% year-over-year growth [17] - Q2 2025 Transaction Value was $435 million, compared to $255 million in Q2 2024 [54] - Q2 2025 Adjusted EBITDA was $24.5 million, compared to $18.7 million in Q2 2024 [54] Business Model & Strategy - The company operates a two-sided marketplace connecting insurance demand partners with high-intent end consumers [24] - The company has high partner retention rates, with 100% one-year retention and 96% three-year retention for both top 25 supply and demand partners [35] - The company's model enables demand partners to monetize surplus traffic through its marketplaces as supply partners [33] - The company's economic model is based on a percentage of Transaction Value, regardless of whether an insurance product is sold [48]