TOGETHER WITH
Hey there weekday warriors,
Here’s what’s on tap today… there was blood in the Streets, OpenAI and Anthropic are at it again (wait, already?), and Novo Nordisk goes crying to their lawyers over how unfair the free market is.
Enjoy the next 3 minutes and 32 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
Burnt orange
Giphy
I really wish Warren Buffett were alive to see this…
There was blood in the Streets yesterday. Bitcoin’s death spiral managed to make the selloff in software stonks look tame.
At one point yesterday, the OG crypto fell below $61k. The digital currency that’s putting the ‘sh*t’ in ‘sh*tcoin’ is down 30%… this week. That is not a typo.
You might recall (probably because you bought at ATHs) that as recently as October, bitcoin was trading at $126k.
Just how bad are things? The Winklevii are slashing jobs at their crypto exchange, and Michael Saylor is Tweeting cries for help…
I know what you’re thinking: “WTF is going on? Was Satoshi in the Epstein files?”
Nope, turns out it’s a bit of a perfect sh*tstorm at the moment for bitcoin.
You might recall that bitcoin just sort of trades like a growth stock now… and welp, we’re in a risk-off environment (see: big tech collapsing). The cypherpunks didn’t love the Kevin Warsh Fed nomination either.
It probably doesn’t help that some people are starting to realize “hey, maybe Bitcoin isn’t actually all that useful afterall…”
Oh, and the initial selloff sparked a further selloff… which led to… more selling, all thanks (mostly) to deleveraging on a monumental scale.
Hear me out… have you guys tried adding laser eyes to your X profile picture?
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+ On the last episode of Anthropic v. OpenAI…
In case you missed it, on Wednesday, Anthropic pretty much ate Sam Altman’s lunch.
The creators of CoWork went nuclear in their new Super Bowl ads. Luckily for us, @sama did not take the high road…
So everything settled down after that, right? Not so much…
Things escalated on the product front.
First, OpenAI announced its shiny new enterprise platform: Frontier. Then Anthropic clapped back a few hours later, dropping their latest AI model. Claude Opus 4.6 is made for… you guessed it… the enterprise market.
+ “There can be only one.” - Novo Nordisk
Novo Nordisk $NVO ( ▲ 9.92% ) is gonna go cry to a judge over the cruelty of the free market (sounds like communist propaganda, but ok…).
You see, Hims & Hers $HIMS ( ▼ 1.96% ) is back on its bullsh*t (read: copying GLP-1 makers’ homework). The creators of the #1 app for b*ner pills announced a cheaper version of Novo’s Wegovy weight loss pill. Retail price? $49…
NVO didn’t take too kindly to the news. The $149 Wegovy pill maker is planning to take legal action against HIMS, calling the knockoff “illegal mass compounding that poses a significant risk to patient safety.” Tell us what you really think…
+ “Let’s f*cking bet on this.” - every true American watching the big game Sunday
Looks like Kalshi just realized someone might eventually take notice of its (alleged) rampant market manipulation. Temu Polymarket announced new actions it’s taking to enforce fair outcomes in event contracts. Which makes sense, considering they’ve already seen over $160M in trading volume related to Super Bowl LX…
Kalshi will form an “independent surveillance advisory committee” and work with outside partners to maintain “market integrity” (read: cover their own a** in court).
So anyway, who wants to bet on predict how soon someone from Kalshi is subpoenaed?
+ Microsoft: “We’re spending $185B on AI in 2026.”
Andy Jassy: “Cute. Hold my beer.”
During its earnings call yesterday, Amazon $AMZN ( ▼ 5.56% ) said that it plans to increase capex to $200B in the year of our lord 2026. That’s a 56% increase vs. 2025. TWC received exclusive footage from Amazon HQ…
Shares sold off bigly after hours. Of course, the mixed Q4 results (EPS miss) probably didn’t do AMZN any favors.
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It’s offering a $250 Travel Credit + 75k Bonus Miles (that’s $1,000 towards travel)… which is probably why credit card experts are obsessed with it.
Spoiler: TWC might be compensated if you click on the links above. Hint, hint.
> Reddit Projects Strong Ad Sales, Authorizes Share Buyback (Bloomberg) // Meanwhile, Subreddit mods be like “spare some change?”
> Estée Lauder expects $100 million tariff hit to full-year profitability; stock sinks more than 20% (CNBC) // Bitcoin wishes it had this easy of a day…
> Bob's Discount Furniture closes flat in NYSE trading debut after pricing at $17 a share (CNBC) // “Come on down!”
> Here we go…
Yesterday, I asked, “Uber Eats is desperate for some Super Bowl sales... What's your preferred source of food for the big game?”
76.5% of you said, “Grocery store (I'll make my own d*mn snacks).”
Here’s what some of you guys had to say…
Grocery store (I'll make my own d*mn snacks): “I'm not waiting 2 hours for a wing delivery.”
Pickup (I'm not paying delivery fees): “F those delivery fees! and everytime I get stuff delivered, its never fresh. Ill go pick up my wings myself!”
Grocery store (I'll make my own d*mn snacks): “Your readers not having a delivery service as the #1 slot is SHOCKING... Not the lazy lumps I expected!!”
Here’s today’s question(s)…
Turns out most of you guys are more responsible than I thought (think: making your own Super Bowl food). Fine, if you really know what you're doing, riddle me this: What's the undefeated Super Bowl snack?
+ US stocks “took sizable hits again on Thursday in a fruitless search for a reprieve from a building tech sell-off as investors awaited Amazon earnings, assessed Alphabet's big AI spending plans, and digested jobs data that signaled fresh weakness in the labor market.” (Yahoo! Finance)
+ The 10-year yield was “lower on Thursday as investors reacted to a number of labor market data releases Thursday that revealed more signs of weakness.” (CNBC)
+ Oil “fell sharply Thursday, with the confirmation of talks on Friday between the U.S. and Iran easing concerns of a military conflict which could disrupt supply from the Middle East.” (Reuters)
+ The “smart” money (prediction markets) only gives the Pats a 32% chance of taking home the trophy Sunday... (Polymarket)
⏪ Yesterday…
+ Shell, Estee Lauder, Bristol-Myers Squibb, Sony, Hershey's, Barrick Mining, Linde, Peloton, Cigna, KKR, ConocoPhillips, and Sirius XM dropped earnings before the bell
+ Amazon, MicroStrategy, Reddit, IREN, Roblox, Fortinet, Affirm, Bloom Energy, CleanSpark, Atlassian, Monolithic Power Systems, Microchip Technology, Digital Realty Trust, Bill.com, and Doximity reported after hours
+ The European Central Bank released its policy statement
⏩ Today we’re keeping an eye on…
+ Philip Morris, Under Armour, and Centene report before hours
Oh, and one more thing…
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Sent from my Amazon Fire Phone. Please excuse any mistakes and typos.
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