Reading List

The most recent articles from a list of feeds I subscribe to.

Energym

“An interview from 2036 with Elon Musk, Jeff Bezos, and Sam Altman.” This is what AI video generation was meant for.

Duolingo reports Q4 revenue up 35% YoY to $282.9M, forecasts FY 2026 bookings below est. as it shifts focus to faster user growth; DUOL drops 20%+ after hours (Reuters)

Reuters:
Duolingo reports Q4 revenue up 35% YoY to $282.9M, forecasts FY 2026 bookings below est. as it shifts focus to faster user growth; DUOL drops 20%+ after hours  —  Duolingo (DUOL.O) forecast first-quarter and 2026 bookings below expectations on Thursday as it shifts strategy toward faster user growth …

Block reports Q4 revenue up 4% YoY to $6.25B, gross profit up 24% to $2.87B, driven by a 33% surge in Cash App, and forecasts Q1 gross profit up 22% to $2.8B (Reuters)

Reuters:
Block reports Q4 revenue up 4% YoY to $6.25B, gross profit up 24% to $2.87B, driven by a 33% surge in Cash App, and forecasts Q1 gross profit up 22% to $2.8B  —  Block (XYZ.N) on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul …

Netflix Backs Out of Bid for Warner Bros., Paving Way for Paramount Takeover

The New York Times:

Netflix said on Thursday that it had backed away from its deal to acquire Warner Bros. Discovery, a stunning development that paves the way for the storied Hollywood media giant to end up under the control of a rival bidder, the technology heir David Ellison.

Netflix said that it would not raise its offer to counter a higher bid made earlier this week by Mr. Ellison’s company, Paramount Skydance, adding in a statement that “the deal is no longer financially attractive.”

“This transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price,” the Netflix co-chief executives, Ted Sarandos and Greg Peters, said in a statement.

Netflix’s stock is up 9 percent in after-hours trading. This is like when you have a friend (Netflix) dating a good-looking-but-crazy person (Warner Bros.), and the good-looking-but-crazy person does something to give your friend second thoughts. You tell your friend to run away.

Intuit reports Q2 revenue up 17% YoY to $4.65B, vs. $4.53B est., and forecasts Q3 revenue growth of ~10% and EPS below expectations; INTU drops 5%+ after hours (Kelly Cloonan/Wall Street Journal)

Kelly Cloonan / Wall Street Journal:
Intuit reports Q2 revenue up 17% YoY to $4.65B, vs. $4.53B est., and forecasts Q3 revenue growth of ~10% and EPS below expectations; INTU drops 5%+ after hours  —  The company's profit guidance for its third quarter - which overlaps with peak tax season - came in short of Wall Street's expectations