In partnership with
Hey there weekday warriors,
Here’s what’s on tap today… Figma feeds the hand that bit it (sup, Anthropic), Palantir goes full Florida man, and Warner Bros. is playing hard to get… again.
Enjoy the next 3 minutes and 37 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
Designer mode
“All right, everyone, gird your loins.” - UX designers who thought their jobs were safe, probably
Figma $FIG ( ▲ 10.83% ) is partnering up with Anthropic to launch a new tool, and honestly, this might be the best thing that has happened to FIG since Adobe agreed to overpay for them.
“Code to Canvas” will convert AI-generated code from Claude Code into fully editable Figma designs. Which means vibe coders may finally be able to drop apps that don’t look like they were vibe-coded.
Friendly reminder that Anthropic’s tools have been blamed for causing the yuge “SaaSpoclaypse” that rekt your entire portfolio over the last 2 weeks.
Spoiler: Figma was one of the SaaS sell-off victims… until now.
Figma shares are down 85% from their 52-week high in August.
But shares did close up +2.5% yesterday, so they’ve got that going for them, which is nice.
Free email without sacrificing your privacy
Gmail is free, but you pay with your data. Proton Mail is different.
We don’t scan your messages. We don’t sell your behavior. We don’t follow you across the internet.
Proton Mail gives you full-featured, private email without surveillance or creepy profiling. It’s email that respects your time, your attention, and your boundaries.
Email doesn’t have to cost your privacy.
+ Warren Buffett: *opens stock screener and filters on ‘oldest to newest’*
You know how your grandpa started making questionable decisions right before your parents took his car away? Well, that was basically Warren Buffett at the end of his Berkshire tenure…
According to Berkshire’s 13-F, during his last quarter at the helm, the Oracle took a position in… The New York Times $NYT ( ▲ 0.73% ). He also trimmed the conglomerate’s stake in Apple $AAPL ( ▲ 2.24% ), which has absolutely printed money for Berkshire.
+ New Florida man just dropped…
Alex Karp is taking his talents to South Beach. Palantir $PLTR ( ▼ 1.35% ) announced yesterday that it would be relocating its HQ out of Denver to the Magic City, presumably for lower taxes and probably so that Alex can go full Mr. 305…
In case you forgot (Miami realtors haven’t), PLTR co-founder Peter Thiel, Zuck, and other Cali billionaires have been hoovering up Miami real estate with the CA Billionaire Tax Act looming.
+ Back to your regularly scheduled bidding war…
Warner Bros. $WBD ( ▲ 0.8% ) is back on the market, apparently. The prettiest girl at the dance is reopening talks with Paramount $PSKY ( ▼ 1.61% ) following Davey Ellison’s revised offer. Netflix $NFLX ( ▲ 2.66% ) said it “granted” WBD a weeklong waiver to engage in talks with Paramount. And just imagine having that kind of confidence.
+ “I can fix him.” - Elliott Investment Management, constantly
Paul Singer’s Elliott Investment Management is looking to turn this cruise ship around, literally. The activist investors have built up more than a 10% stake in Norwegian Cruise Line $NCLH ( ▲ 2.0% ). Norwegian has struggled to keep up with Royal Caribbean $RCL ( ▲ 4.58% ) and Carnival $CCL ( ▲ 3.91% ) post-pandemic.
Per Elliot, “With the right strategy and strong execution, we see a clear path for the stock to reach $56 per share, or 159% higher than current levels.”
Your next vacation is already paid for. You just haven’t claimed it yet.
There’s a travel rewards card right now handing out a $250 travel credit + 75,000 bonus miles (worth about $1,000 toward flights and hotels). No points gymnastics. No “one weird trick.” Just real travel value.
This is the card travel nerds won’t shut the f*ck up about. See the card everyone’s using to travel for less…
Spoiler: TWC might be compensated if you click on the links above. Hint, hint.
> Tesla’s Austin Robotaxis Report 14 Crashes in First Eight Months (Bloomberg) // Those are rooking numbers in this racket…
> Meta expands Nvidia deal to use millions of AI chips in data center build-out, including standalone CPUs (CNBC) // “I’m so shocked.” - no one
> Apple Ramps Up Work on Glasses, Pendant, and Camera AirPods for AI Era (Bloomberg) // Apple shareholders be like…
> True. I don’t even know what’s gonna happen at the end of this senten…
Yesterday, I asked, “Boy, you guys really don't like Valentine's Day... Are there any holidays you like? Mardi Gras today. Which of the festivities must be partaken in?”
64.4% of you said, “Absolutely nothing.” Luckily, Shia LaBeouf has still got it.
Here’s what some of you guys had to say (and my response in italics)…
Flash someone for beads (or just wear beads): “Yeah, I know, directly to horny jail (bonk)” Self bonk. Nice.
Go to New Orleans and celebrate in-person: “Some of the greatest times of my youth!”
Other (write-in): “Paczki. They’re wonderful. Wish I could have some jambalaya too.” After a quick Google search… I’m in.
Get hammered in the name of Mardi Gras: “All solid answers. If you like to party experiencing Mardi Gras in person is unforgettable. The food, the vibe, the tat-tas!” Oops, you dropped this BONK.
Absolutely nothing: “One of these days I'll plan for Mardi Gras ahead of time and go to New Orleans. Naturally, I've been telling myself this since 2019.” Go live your dream, king. You’ve earned it.
Other (write-in): “Stacking up holidays so when I get out of rehab I can celebrate them all!!” Mom? Is that you? Dad and I have been trying to reach you...
Here’s today’s question(s)…
The (latest) California exodus has got me wondering... Where do you see the biggest growth happening in the US over the next decade? (Think: companies, people, and money flowing in) Defend your choice.
+ US stocks “inched higher on Tuesday, but declines in software stocks kept the index’s gains in check.” (CNBC)
+ The 10-year yield “was relatively unchanged on Tuesday as investors looked ahead to more delayed data releases during the holiday-shortened trading week.” (CNBC)
+ Oil “prices fell on Tuesday, with the focus on negotiations over two of the biggest geopolitical flashpoints in the world.” (Reuters)
+ The “smart” money (prediction markets) thinks that there’s only a 3% chance that Elon buys Ryanair. (Polymarket)
⏪ Yesterday…
+ Medtronic, Energy Transfer, and HIVE Blockchain reported before the open
+ Palo Alto, Cadence Design, Nano Nuclear Energy, Quantum Corp., and Devon Energy reported after hours
+ 13F filings from hedge funds and investment managers started to roll in
+ The January Retail Sales report dropped
⏩ Today we’re keeping an eye on…
+ Moody's, Analog Devices, Garmin, Fiverr, Wingstop, Global-E Online, and SolarEdge Technologies report before the bell
+ Occidental Petroleum, DoorDash, Carvana, Coca-Cola, Figma, Booking Holdings, eBay, and The Cheesecake Factory drop earnings after the bell
+ The Federal Reserve will release the minutes from its last meeting
Oh, and one more thing…
What did you think about today's newsletter?
Sent from my Amazon Fire Phone. Please excuse any mistakes and typos.
Does this look like the face of a guy you should take financial advice from?
No, it’s the face of a guy with a Nano Banana account and a wild imagination. So, act accordingly...
This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.