Messari's weekly stablecoin newsletter just launched.And it's FREE!Explore Week 1 below 👇Alexander (@ahbeaudry):🚨 I just launched a newsletter with @MessariCrypto called "In The Stables" 💸Each Wednesday we'll be coming out with a concise weekly roundup of the latest developments in stablecoins. You should check it out!More info and the link to subscribe in the 🧵👇 https://t.co/O2U48TGfEf ...

Group 1 - Travelzoo is set to join the Russell 3000 Index effective June 27, 2025, following the annual reconstitution [1][2] - The Russell 3000 Index includes the 3,000 largest US stocks ranked by total market capitalization, providing automatic inclusion in either the large-cap Russell 1000 or small-cap Russell 2000 Index [2] - Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes, highlighting the significance of this inclusion for Travelzoo [3][8] Group 2 - Travelzoo is a global Internet media company founded in 1998, focusing on travel, local, and entertainment offers from over 2,000 companies [4] - The company reaches 30 million travelers through its publications, including the popular Top 20 email newsletter [4] - In 2024, Travelzoo introduced an annual membership fee for its services, providing exclusive offers and benefits to Club Members [5]

早上起来，天还没亮。水在壶里咕嘟咕嘟烧着，我在往咖啡机里装咖啡粉。 手机亮了几下，没看。社交媒体总在催促你"看我、点我、回我"，但能让我慢下来、打开阅读状态的，不是它们，而是每周那几封邮件。 它们一点也不喧哗、不急迫，知道你会在某个安静时刻打开它们，只默默等着。它们不追热点，不求流量，只说点让我感兴趣、愿意真正思考的事。 每当一封newsletter掉进邮箱，就像是一道悄悄洒下的光，隔开了这个总被刷屏包围的世界。 在流媒体平台、短视频和算法推荐主宰内容消费的时代，一种看似"逆潮流"的文化现象正悄然回潮： 越来越多的人开始为电子邮件通讯（newsletter）付费订阅，而且愿意花的钱越来越多——据《纽约时报》报道，价格从每月5美元到每年3000美元不等。 文章标题是：《我们为订阅新闻简报花了多少钱？50、100美元……还是3000美元一年》。 这已经不只是"内容付费"。更像是一种新的文化消费方式，也是一种数字时代的情感投资。 从信息消费到"人物消费" 52岁的明尼阿波利斯代课老师Em Hermann-Johnson，是这场变革的缩影。她最早订阅的是前BuzzFeed记者Anne Helen Petersen的" ...

Financial Data and Key Metrics Changes - In Q1 2025, NerdWallet reported revenue of $209 million, representing a 29% year-over-year increase, and achieved $9 million in non-GAAP operating income [6][14] - The company generated GAAP operating income of $700,000 and reported $58 million in adjusted free cash flow over the last four quarters, ending Q1 with $92 million in cash [17] Business Line Data and Key Metrics Changes - Credit card revenue declined 24% year-over-year to $38 million, while loans revenue grew 12% year-over-year to $24 million, driven by personal loans returning to growth and contributions from Nextdoor Lending [14][15] - SMB products revenue decreased 5% year-over-year to $29 million due to tight underwriting and trade policy uncertainty [15] - Insurance revenue surged 246% year-over-year to $74 million, reflecting strong market performance [15] - Emerging verticals generated $44 million in revenue, growing 15% year-over-year, primarily from banking [16] Market Data and Key Metrics Changes - The insurance market is expected to normalize growth rates in the second half of the year after a significant increase in Q1 [15][41] - The U.S. financial services digital ad spend market is projected to grow at a 16% CAGR over five years, while NerdWallet's market is expected to grow at a 25% CAGR [9] Company Strategy and Development Direction - The company is focused on enhancing its core business through vertical integration and improving user experiences, particularly in mortgage brokering and personal loans [10][11] - NerdWallet aims to build deeper relationships with consumers and small businesses, emphasizing quality over quantity in user engagement [8][58] - The company plans to continue investing in brand marketing while reducing overall brand expenses in the latter half of the year [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating potential economic uncertainties, including tariffs and inflation, while maintaining a focus on operational efficiency [7][18] - The company anticipates a return to growth in early 2026, contingent on the stability of the search landscape and improvements in user engagement [8][59] Other Important Information - The company retired its official Monthly Unique Users (MUU) disclosure, focusing instead on the quality of user relationships [8][58] - Management highlighted the importance of adapting to AI-driven search dynamics and the potential for improved user acquisition through enhanced experiences [60][61] Q&A Session Summary Question: Insights on AI enhanced search modules and traffic stability - Management noted that AI overviews and search ranking improvements contributed to recent traffic stability after previous declines [24][25] Question: Progress on integrating Nextdoor Lending and future vertical integration opportunities - Integration is progressing well, enhancing consumer relationships and unit economics, with future opportunities in complex decision-making areas like insurance and financial advising [27][32] Question: Outlook for the insurance vertical and growth expectations - Insurance revenue growth is expected to normalize, with premiums anticipated to grow faster than GDP, and a focus on expanding in auto and home insurance [41][43] Question: Performance marketing leverage as the insurance category matures - Management indicated that while performance marketing is a focus, significant impacts from maturing categories are not expected [48] Question: Progress in personal loans and travel rewards verticals - Personal loans are seeing success through improved funnel strategies, while travel rewards are being developed through content and audience building efforts [52][54]

Group 1 - The Pragmatic Investor focuses on global macro, international equities, commodities, tech, and cryptocurrencies, aiming to guide investors of all levels [1] - The platform offers features such as a portfolio, weekly market updates, actionable trades, technical analysis, and a chat room for investor engagement [1] - James Foord, an economist with a decade of experience in global market analysis, leads The Pragmatic Investor, emphasizing the creation of diversified portfolios to preserve and increase wealth [1]