pick up the phone

$XYZ $16.6M bet on Dec $67.5 calls This is the largest single bet I've seen on Block

Whenever I feel bad about $XYZ, I remind myself it can always be worse $PYPL. -85% in 5 years.

$XYZ Interesting split in early reactions to Wand™ • Twitter: strong • Reddit: weak Reddit skew toward Cash App’s existing, more value-conscious user base. For them, the $25 price point is a burden. They are asking practical questions: What does this do for me? Why would I buy it? To that audience, Wand™ is a gimmick. Twitter is reacting very differently. Twitter is more mid-to-high income, more brand-sensitive, and more willing to spend on novelty, status, and fun. For them, $25 is a rounding error. It is an impulse purchase. They see Wand™ as playful, collectible, and culturally interesting. More importantly, they are not necessarily Cash App loyalists today. They are @Venmo users who suddenly have a reason to reconsider @CashApp. That is the key point. Existing Cash App users not liking Wand™ does not really matter if the product succeeds at attracting new demographics. Wand™ is doing something Cash App has historically struggled to do: generating interest from higher-income users who previously seemed difficult to reach. Reddit - "I don’t need this" Twitter - "I want this" For a product designed to expand Cash App’s cultural relevance, the second reaction matters more. Combined with Neighbor, Wand™ suggests Cash App may finally have a credible path into a broader, higher-income consumer segment. 👏

Out of the roughly 630 million repositories hosted on GitHub, there are approximately 180 to 200 active projects that have more stars than @goose_oss AI's 47,000. This places 🪿 roughly within the top 0.00003% of all repositories on the platform @blocks $XYZ

$XYZ Many, myself included, initially failed to appreciate goose 🪿. At first, it felt like another @jack passion project being built with company resources. Jack didn’t help that perception by describing it as "giving back to the open-source community". That made it sound more like a charity project than a serious business initiative. But forcing employees to adopt Goose early -- and giving them reps before the tools were fully mature -- created invisible benefits that were impossible to measure at the time. Now those benefits are starting to show up: higher velocity, better execution, and higher-quality output. The common complaint was that employees were being force-fed Goose and AI before the tools were ready. That criticism was fair. The tools weren’t ready. But Block chose to endure the awkward phase early. Now that the tools are becoming ready (🪿 is pretty good too), the entire organization is already flying with them, while companies that waited for AI to be "ready" are only just getting started. Block undoubtedly is one of the most "AI-fluent" companies in the S&P 500. That should eventually translate into earnings -- and then into the stock price.

please drop this @jack

pay by magic