TOGETHER WITH
Hey there weekday warrior,
Elon Musk continues to be a Hall of Fame troll.
Enjoy the next 4 minutes and 41 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
Scam Altman
“Funding secured.” - Elon (again)
On Monday, news broke that Elon and a group of investors had put together a $97.4B unsolicited bid for the non-profit that oversees OpenAI. Friendly reminder: OpenAI is technically a non-profit, except instead of saving orphan puppies (the ones that get the Sarah McLachlan treatment), it's building tech that will be the undoing of the human race.
Elon assembled a consortium (which is how to say ‘group text’ in wealthy) to back up the Brink's truck for OpenAI. The Dogefather’s partners in crime include his startup xAI, Baron Capital, Valor, Atreides, Vy Capital, 8VC, and an investment vehicle led by Endeavor CEO Ari Emanuel (“Lloyd!”). Presumably, Elon will throw Cathie Wood a bone.
Hard pass
Sam Altman, who founded OpenAI with Elon, wasted almost no time rebuffing the offer…
no thank you but we will buy twitter for $9.74 billion if you want
— #Sam Altman (#@sama)
9:11 PM • Feb 10, 2025
Elon replied: "Swindler," which makes Sam Altman seem more like a villain from a silent film than our technocrat overlord who’s fighting Zuckerbot for control of the lizard people.
In a separate thread, Elon put on a master class in name-calling, dubbing the former Microsoft employee “Scam Altman,” which is a *chef’s kiss* nickname.
Wait, but why?
To fully understand why Elon wants to buy OpenAI, you have to go back to the beginning (of OpenAI). Phony Stark and Sam co-founded the ChatGPT maker in 2015 to research artificial intelligence. By 2018, Elon was asked politely to leave after the Tesla founder and Altman clashed over the future of the "non-profit"”
Then, last year, Elon sued Sam and OpenAI for creating a for-profit arm that could take Peter North-sized loads of investor cash (sup, Microsoft and SoftBank). The public pissing match has escalated over the past few months, mostly via Twitter.
Which gets us to today, when Elon went for the jugular.
What's next?
Well, Sammy GPT has already gone, "I'm not f*cking leaving."
Perhaps he buys Twitter for $9.8B?
In all likelihood, the clash of titans continues to play out in public for all of us to enjoy. It's hard to see Sam Altman giving up control of OpenAI, especially after he installed a board made up of his homies following a failed coup.
There’s a chance this goes to court (or settles out of it).
At least if Elon owned OpenAI, we'd stop getting versions called things like "ChatGPT V1.o"
BOXABL Announces New $20,000 House
When the biggest names in your industry take an interest, you know you're onto something.
That's the story with BOXABL. They've rethought housing by bringing assembly lines to new home construction. Not to mention, the company has gained the attention of investors like D.R. Horton. Where traditional homes take over 7 months to build, BOXABL factories can produce their signature Casita home in nearly four hours.
And they’re just getting started. BOXABL just announced a new $20,000 house called Baby Box. It’s a turnkey home designed for affordability, flexibility, and versatility. Perfect for disaster relief, workforce accommodations, community projects, or if you just need extra space, the Baby Box is another great solution added to their product line.
Now, everyday investors can join them, too. When BOXABL last opened a Reg A investment opportunity, they maxed out the $75M regulatory limit, and they believe their new $20,000 house is the key to unlocking even greater potential.
* See full disclosure below
+ GameStop (+9.6%) and the artist formerly known as MicroStrategy (+2.1%) both came ready to play on Super Sick Monday. Shares of both companies popped after GME CEO Ryan Cohen and professional Bitcoin enthusiast Michael Saylor posed for an uncaptioned awkward bro pic on X. Couldn’t even throw some deuces, boys?
Diamond hands and HODLers came out of the woodwork Monday to pump prices of GME and MSTR because, of course. Friendly reminder that GameStop made a (sad) attempt to expand into digital services and crypto wallets in 2022 but shuttered the services in 2023 due to regulatory fears.
Clearly, the apes are hoping that the meet & greet is a sign GameStonk is about to dip its toes in the cryptosphere. Hear me out: Timothée Chalamet to play Ryan Cohen in “Dumb Money 2: The Rise of $Cohen.”
+ McDonald’s (+4.8%) dropped some disappointing quarterly McRevenues on Monday, but shareholders were still Lovin’ It. Despite weak sales for the quarter, shares jumped on a positive outlook for 2025. Mickey D’s blamed its US sales slump on the October E. Coli outbreak in the Rockies, which drove down traffic and Quarter Pounder demand, and an increase in cases of this.
Meanwhile, international MCD divisions put the US to shame, reporting same-store sales increases in key markets, including a surprise win in France. You know what they call a Quarter Pounder with Cheese in Paris?
+ Man (not named Michael Saylor) guilty of manipulating the price of BTC via Twitter…
Alabama man Eric Council Jr. pleaded guilty to conspiracy to commit ‘aggravated identity theft and access device fraud’ (read: hacking the SEC’s X account). Remember when someone Tweeted from the SEC account that Bitcoin ETFs had been approved, and we all assumed some poor social media intern just f*cked up? Not so much.
The post was actually part of a pretty elaborate conspiracy that would’ve made Jimmy McNulty proud. Council was paid (in Bitcoin, obviously) $50k by co-conspirators to execute a SIM swap attack on a phone linked to the SEC’s X account. BTC price jumped by more than $1k after the post went out prior to the SEC regaining control. Now Eric Jr. will have to return the money and faces up to 5 years in prison. SBF bout to get a cooler cellmate.
+ Amid a pretty lame spread of Super Bowl ads, Hims (+5.2%) shares gained Monday after their hardcore ad seems to have successfully body-shamed the weight loss industry. So, apparently, negative ads do work. And “Bobby Newport’s never had a real job… in his life.”
+ Fox texting its exes, “I miss you…” at 3 am. Fox Corp. (+0.5%) just bought Red Seat Ventures, the digital media company that houses Megyn Kelly and Tucker Carlson’s podcasts. No word on terms.
+ Palantir (+5.2%) shares got a boost Monday after Alex Karp announced an AMA session. February 12 on X, if you enjoy watching unhinged tech CEOs create PR nightmares.
+ There’s Mondays Light, then there’s Mondays Heavy. Monday.com (+26.4%) shares went parabolic Monday after reporting a big W on its quarterly top and bottom lines and dropping the magic word (AI).
+ What the end of the penny means for the economy, your piggy bank, and the way America prices items. The penny is the original sh*tcoin.
FYI, TWC might be compensated if you click on the links above. So, what are you waiting for? Start clicking.
+ US stock “bounced back on Monday as investors looked beyond President Trump's latest tariff threats, including new levies on steel and aluminum imports.” (Yahoo! Finance)
+ The 10-year yield “was slightly higher on Monday as investors looked ahead to several key economic data points this week, including the latest consumer inflation numbers, and braced themselves for new tariff announcements.” (CNBC)
+ Oil “rose nearly 2% on Monday after posting their third straight week of losses, even though investors remained worried that U.S. President Donald Trump might start a trade war.” (Reuters)
+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Nvidia +2.8% 2) Super Micro Computer +17.5% 3) Tesla -3.0%
⏪ Yesterday, McDonald's, Monday.com and ON Semi reported before the bell
+ Vertex reported after markets closed
⏩ Today we’re keeping an eye on…
+ Shopify, Coca-Cola, S&P Global, Marriott, BP, Humana, Ecolab, and Carrier Global report before the bell
+ Super Micro Computer (remember them?), DoorDash, Lyft, Upstart, Confluent, Zillow, Energy Transfer, and Gilead Sciences report after the bell
+ Jerome Powell will testify on the Semiannual Monetary Policy Report in front of the Senate Banking Subcommittee
Yesterday, I asked, “What was the best Super Bowl commercial?”
Shocker, the beer commercial starring Post Malone and Shane Gillis was your favorite…
The Harrison Ford Jeep commercial and the Little Caesar’s spot featuring Eugene Levy’s eyebrows also got some love. Everyone hated the Seal Mt. Dew ad (duh).
And here’s today’s question…
Saw this debate online…
What do you do when someone asks "would you like a receipt"?
Oh, and one more thing…
What did you think about today's newsletter?
Does this look like the face of a guy you should take financial advice from?
No, it’s the face of an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. 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.
Advertiser Disclosure
*This is a paid advertisement for Boxabl’s Regulation A offering. Please read the offering circular here. Reservations represent a non-binding indication of interest to purchase as Casita. A reservation does not require purchase of a Casita and there is no assurance of how many will result in actual purchases.