congrats @nyknicks! 🏀

this is a good question knowing that methodology change has been in place for months. i wonder how @SingularityRes data compares to @cubeqube data.

💯

the annual meeting results are official and management got their approvals, but the sheer size of the broker non-votes is wild. while eric wu crushed his director vote with 97.1% "for", executive compensation saw some real pushback, passing with just 58.5% "for". but the real headline, in my opinion, is that over 214 million shares went completely unvoted because retail shareholders ignored their proxy alerts. that’s more than a third of the total quorum just sitting on the sidelines. the open army likes to talk a big game about corporate governance and holding leadership accountable, but leaving 214m votes on the table proves we need to do a much better job mobilizing the base to actually vote. sec.gov/Archives/edgar/data/…

great piece by john. i'm sharing this in the hope that it might change the perspective of @RoKhanna, @BernieSanders, @SenWarren, and anyone else who believes a wealth tax, especially one aimed at taxing more of elon musk's wealth, is the right approach.

as long as it doesn't peak on red days, i'm good.

respect the take, @mikealfred, but i think you've got this one wrong. let's put a little skin in the game. i know you're operating in a very different league financially, but here's a wager i can make without surviving on instant noodles for a month: if $spcx trades below the ipo price for 30 consecutive days at any point over the next year, i'll take the average price during those 30 days, calculate the discount to $135, add that discount back to $135, and pay you 100x that amount in btc. if it never spends 30 straight days below the ipo price in the next year, you owe me 100 shares of spacex. deal?

got $spcx allocations in my kids’ accounts. pretty sure by the time they’re half my age, it’ll cover some, or maybe all, of the down payment on their first home. and when that day comes, i’ll make sure they use @opendoor to buy it.

Follow today’s $SPCX events → x.com/i/events/2062294933059…

*trillioniare

great post by @cubeqube; thanks. just deconstructing the opendoor-zillow warrant structure a bit more here. why tranche 1 is just the start, and it could possibly get better from here. according to the opendoor’s latest 10-q, @zillow officially vested tranche 1 (300k shares) of those 2022 partnership warrants. some of you might be wondering why it took four whole years just to hit milestone one, and what it means going forward. here is some food for thoughts: 1️⃣ why did tranche 1 take so long? the timing was just brutal. right after they signed this in july 2022, the fed started spiking interest rates, which completely froze the housing market. add in the fact that the zillow integration rolled out super cautiously city-by-city rather than nationwide overnight, and possibly the milestone meter was barely moving for two years. it wasn’t until opendoor stabilized its unit economics and scaled "opendoor 2.0" that zillow's funnel finally caught real traction. also, at the same time, opendoor had to play defense, tightening its buy-box and pausing heavy acquisitions. it'd be interesting to know how much of tranche 1 success comes from post-kaz and kaz era, but i think this is not something that @nejatian can publicly disclose. 2️⃣ the clock is ticking (and zillow knows it) the entire agreement has a hard deadline in july 2027. zillow only has about a year left to unlock the remaining 5.7 million unvested shares. since these tranches vest sequentially based on cumulative referral fees, zillow has a massive incentive to push as many clean, high-quality seller leads to opendoor as possible right now. if they don't optimize the funnel today, they permanently lose out on millions of shares of potential upside. 3️⃣ credit where credit is due. this contract protects us even though old management drafted this, you have to admit it was engineered beautifully to protect retail shareholders from toxic dilution. first, the exercise price has a hard floor at $15.00; meaning zillow can't dilute the company at pennies on the dollar. second, the net exercise math means far fewer shares actually hit the float than the headline numbers look like. third, and more importantly imo, opendoor holds the ultimate veto: they have the right to cash-settle any exercise. if the stock is absolutely ripping, opendoor can refuse to issue new shares and just cut zillow a check for their net profit instead. and fourth, the $30.00 max cap ensures zillow has serious skin in the game (and you need this in partnership). if they push incredible volume and help send the stock past $30 into the stratosphere, their strike price stays locked at $30, giving them a guaranteed discount and a multi-million dollar payday. the bottom line: this setup aligns perfectly with the exact capital allocation rules kaz keeps preaching: zero dilution happens unless shareholders get massive value first. zillow is highly motivated to pump transaction volume before july 2027, and opendoor holds all the structural leverage.

well! it didn't happen! ~36m is not low!

The window to confirm your @SpaceX IPO share orders has now opened for Schwab and SoFi users. If you fail to confirm before the window closes at 7 AM ET, you will not have a chance to be allocated any IPO shares. E*Trade and Robinhood users don't need to confirm their IPO share orders as that is not required on their platforms. Fidelity users should have their window to confirm open within the next couple hours.

those last 2 seconds! 🤯

i’m really bullish on tesla and spacex and i like both companies a lot. i understand tesla could (emphasis on could) benefit from a spacex ipo. even with all that in mind, this still feels a bit like madness to me. come on guys! you should do better!

great news. looks like @issgovernance and @GlassLewis didn’t manage to push their recommendation through.

bringing back jobs to where they actually belong. cc: @POTUS

last reminder, and then i’ll be waiting for sec filing from @vanguard_group to know about their votes on the opendoor proxy. not asking for voting details or internal processes. proxy votes should reflect independent analysis and shareholder interests, not just a third-party recommendation. i'll be voting "for," and many retail investors i've spoken with support the current team and the company's direction. if your brokerage owns opendoor shares, now's a good time to make your voice heard. - a retail shareholder who believes in the team's future