Meta 3Q26 Business Update: Not Just an Ads Business?
Meta’s 3Q26 Family of Apps revenue rose 26% as Muse reached 10 million users, testing AI-agent shopping that Walmart permits while Amazon blocks.
Wednesday, October 21, 2026
Back to today
From X
marginofdanger on X
Some drama at the $BWEL annual meeting. They refused to take any questions! Wonder if something is coming.
SG on X
@KyleReidhead Do you see this $SPCX AI demand ramp coming from consumers, enterprise, or data center deals?
Fred Liu on X
And this is the ramp for scaled stores (top 1M shopify stores). Excluding the influx of HK/China sellers, we can clearly see the Black Friday ramp these last few weeks. $APP (Chart from our internal tracking tool) https://t.co/2Exb8qRUjI https://t.co/AigrDesxYq
Broken Moats on X
$V is up everyday this month except one (14/15 trading days). Good for an almost 20% gain on the month to date
catechwilliams on X
$AMRO. Recent IPO of a deteriorating Australian (now dual-listed) commodity alloys company sourcing out of China. Negative gross margins, hemorrhaging cash, leverage issues compounded by growing capital needs, heading to likely insolvency. Multiple red flags. No valuation support
Kuppy on X
@JoshYoung Is $CRWV doing a convert or something..??🤣
SG on X
the spoon will keep bending until the gap is filled $BSP https://t.co/1KYtWCmB7L
Timyan Bank Alert on X
$PLQC - https://t.co/IZooNfjEtT
Investor Letters
All letters- Vulcan Value Partners Third Quarter 2026 FBIN $4.8BIQV $44B
- White Falcon Capital Management Q3 2026 CSGP $13BCSIQ $650M
- Artisan Partners Q3 2026 AMD $905BBAESY $77B
- PenderFund Capital Management Ltd. September 2026 GRID $171MPNG $1.1B
- Upslope Capital Management 2026-Q3 ICE $89BTCGGY $3.1B
- Cedar Creek Partners 2026 Third Quarter MMY $186MEXCE $1.2B
- Blue Tower Asset Management third quarter 2026 ENVA $4.5BSKHY $686B
- The London Company 3Q2026 CCC $4.5BDECK $12B
Netflix Q3 Earnings Update
Netflix Q3 earnings update revises the thesis and rating.
Sagimet Biosciences: The U.S. Acne Trial Is A Replication Exercise, Not A Discovery Bet
Sagimet Biosciences' denifanstat enters a fully funded U.S. acne registration trial after Phase 3 results, with SGMT trading below cash and…
Equity Eagle 2 clicks
CoreWeave: It’s Not Dying, Not Anytime Soon
CoreWeave is compared with Amazon's early public years, when investors expected bankruptcy amid losses and dependence on outside capital.
Berkshire Put Bending Spoons On My Radar
Bending Spoons has spent about $10 billion on software acquisitions, including pending Miro, while Q2 organic growth was 3% and all…
Jack Bowman 7 clicks
Eli Lilly And Co. (LLY)
Eli Lilly's Mounjaro and Zepbound drove 2025 revenue to $65.2 billion as the drugmaker expands AI partnerships with Nvidia, Isomorphic…
Gladstone Investment: High Dividend Increases And NAV Gains, But Very Risky
Gladstone Investment's 50% equity portfolio drove NAV and dividend gains, but five holdings make up 44.5% of fair value and heighten Level…
Stephen Nemo 3 clicks
Why I sold OB pick for 26 SVM
Silvercorp’s falling Ying grades, prolonged GC suspension, El Domo execution risk and Chaarat funding needs weaken its valuation despite…
Use of AI is boosting Snowflake’s revenue while mortal companies may take longer
Snowflake says internal AI use is lifting revenue and profit, while customers show early implementation success.
Netflix Earnings, Business or Franchise, Disney’s Deal
Netflix’s earnings raise questions about whether its growth profile still merits a franchise valuation, alongside discussion of Disney’s…
Vicor Update, Part Three
Vicor’s $66.6 million in AI power-delivery royalties generated about $50 million of operating profit, eclipsing its module business as…
Carecloud News
CareCloud may attract a private-equity buyer after its Q3 call, with acquiring enough shares the main obstacle to a take-private deal.
From Fat to Follicles - Is Hair Loss the Next Blockbuster?
Novo Nordisk has only floated hair loss, while Veradermics’ Phase 3 oral minoxidil data lead a field of licensing and takeover candidates.
Is Microsoft Over-Earning on OpenAI?
Microsoft booked $24.1 billion from OpenAI in FY2026, nearly a quarter of Azure revenue, raising questions over finite, high-margin…
RTX Corporation (NYSE: RTX) Q3 FY12/26 Earnings Update - Accumulate, Record $340bn Backlog, Zones And Stop Inside
RTX reported 11% sales growth to $25.0 billion, raised 2026 guidance and reached a record $340 billion backlog, while free cash flow fell…
Heico Corporation
HEICO sells FAA-approved aircraft replacement parts at 30% to 50% discounts to OEMs, gaining customers as restrictive aftermarket contracts…
Northrop Grumman (NYSE: NOC) Q3 FY12/26 Earnings Update - Accumulate, Record Backlog, Zones And Stop Inside
Northrop Grumman posted 7% Q3 sales growth to $11.1 billion, lifted profit guidance and reached a record $109.6 billion backlog, led by…
Disney: Century-Old Franchises at 14x Forward Earnings
Disney trades at 14x FY27 consensus EPS of $7.50 as parks, merchandise and streaming rebuild its franchise flywheel.
[scuttleslops] AMZN, MTCH, SPOT, Open vs. closed models
Amazon’s fulfillment network and customer-review base limit autonomous AI shopping agents, whose referrals generate under 0.5% of major…
Taiwan Semiconductor: The Margin Peak That Isn't
TSMC says 2nm ramp costs and overseas fabs are temporarily pressuring gross margin as AI demand keeps semiconductor supply tight.
Gil Rotstein 10 clicks
Monte Investments Market Brief Vol. CXXXII
CoreWeave and neocloud peers face financing pressure, but sold-out GPU capacity and rising H100 and B200 rental rates support continued AI…
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