📉 $NFLX has crashed to 52-week lows.

Meanwhile:

🖱325M subscribers in 2025 → ~350M expected in 2026 -

🖱Advertising revenue is scaling rapidly

🖱 Management just authorized an additional $25B share buyback

The market is acting like Netflix is broken.

✔️ @venture

On this day in 1967: first ATM unveiled.

✔️ @venture

🕯 Micron could be one of the biggest winners of the AI memory boom

For years, memory was one of the worst businesses in tech. AI is changing that.

Modern AI servers require 8-10x more DRAM than traditional servers, while HBM memory has become essential for advanced AI chips. Producing HBM uses roughly 3x more wafer capacity, tightening supply across the entire market.
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That shortage is pushing prices higher. DRAM prices rose more than 170% year over year by the end of 2025, with another 58-63% increase expected in Q2 2026.
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Unlike traditional memory, HBM suppliers must pass lengthy qualification processes tied to specific AI platforms. Once approved, they can remain locked into that ecosystem for years.
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SK Hynix still leads the market, but many investors are watching Micron. The company is receiving $6.1 billion in U.S. manufacturing support and has more room to gain share as AI demand keeps growing.
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The AI boom is creating winners beyond Nvidia. Memory is becoming one of the most important bottlenecks in the entire stack.

✔️ @venture

❕ Trump warns that "the Islamic Republic of Iran will no longer exist" if Iran continues violating the ceasefire

The US has launched fresh strikes on Iran after a tanker was hit in the Strait of Hormuz, marking the biggest escalation since the interim peace deal was signed on June 17, 2026.

Here's what has happened over the last 48 hours:

🖱 On Friday, Iran attacked the commercial vessel Ever Lovely in the Strait of Hormuz.

🖱 The US launched strikes on Iranian coastal radar, missile, and drone storage sites in response to Iran's attack on the commercial vessel Ever Lovely.

🖱 Iran retaliated by striking multiple US military positions in Bahrain.

🖱 On Saturday, Iran then attacked the Panama-flagged tanker M/T Kiku in the Strait of Hormuz.

🖱 CENTCOM said US forces struck 10 Iranian military targets across multiple locations.

🖱 For the past one hours, Air raid sirens are now sounding in Bahrain as Kuwait says its air defenses are intercepting hostile Iranian missiles and drones.

The conflict is continuing to escalate despite the ceasefire signed just two weeks ago.

✔️ @venture

This McDonald’s menu is from the 1950s.

Hamburger: 15 cents
Fries: 10 cents
Coffee: 10 cents

And people still think cash is “safe.”

✔️ @venture

📈 Reddit turns its communities into a bigger advertising business

Reddit has launched new advertising products as it doubles down on what it calls its biggest advantage: real conversations between real people.

The company introduced Shopping List Ads, a new format that allows multiple brands to promote products around relevant discussions. It also launched AI-powered ad creation tools and a feature that lets brands use positive Reddit comments directly in advertisements.
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The timing is notable. Reddit's advertising business has already become a major growth engine, generating more than $2 billion over the last fiscal year.
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Ad revenue has climbed nearly 300% in the past three years, rising from $160 million in Q1 2023 to $624.7 million in the latest quarter. Popular communities such as r/AskReddit and r/mildlyinfuriating attract 18 million and 12 million weekly visitors, respectively.
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As AI floods the internet with generated content, Reddit is betting that human conversations become more valuable, not less.

✔️ @venture

🇺🇸 Trump account bought Axon before ICE sought a $220M contract

A federal ethics filing shows an account in Donald Trump's name bought between $1M and $5M of Axon stock on Feb. 10, 2026. Two weeks later, ICE posted a notice for a 5-year, $220M contract for stun guns.
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The contract has not been awarded, and no insider trading has been proven. But the specifications point closely to Axon's TASER 10 product line. Axon already supplies ICE and controls around 90% of the U.S. conductive energy weapon market.
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The filing also shows smaller Axon trades in both directions during the quarter. The key detail is size: the Feb. 10 purchase was much larger than the other Axon trades and came shortly before the ICE notice.
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The White House says the account is managed by third-party financial institutions and that Trump does not direct individual trades. Ethics specialists note that the setup is not a true blind trust.
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The issue is not only the trade. It is the timing around a government contract that appears written for one company.

✔️ @venture

🤖 Anthropic export restrictions lifted

Access to Fable 5 will start restoring tomorrow after export restrictions on Anthropic were lifted. Details of the deal with the government remain unknown.

Anthropic develops AI models like Fable 5. The company’s future pricing and subscriber access terms remain unclear.

✔️ @venture

🏠 America’s first-time homebuyer is now 40

A new report says the typical first-time homebuyer in the U.S. is now 40 years old, up from a long-running norm of about 30 from the early 1980s through 2021.

The reason is simple: housing has become harder to afford on both sides of the market. The median home listing price is up 34% since 2019 to $430,000, while median asking rent is up nearly 18% to $1,673.
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The delay is showing up at home. A record 25.2 million adults under 35 lived with their parents in 2025, above even the pandemic peak. About 70% of people aged 25-34 who live with parents are employed, but many are still priced out.
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The bigger issue is supply. More than a decade of housing underproduction has left younger Americans competing for too few affordable rentals and starter homes.
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A delayed first home is also a delayed household. That changes spending, family formation, and the entry point into wealth building.

✔️ @venture

🤖 OpenAI May Give US Government 5% Stake

According to FT, Sam Altman has long proposed giving the US government 5% of OpenAI shares as a way to share AI development benefits. This idea gained urgency amid rising political pressure in Washington.

OpenAI develops advanced AI technologies. Offering shares to the government would create a financial stake for the public in the company's success.

If OpenAI proceeds, it would likely dilute existing shareholders, including key investors. This move aims to ease political tensions but comes at a cost to current owners.

✔️ @venture

❕Apple's memory supplier won't change the AI memory race

Reports that Apple could buy memory chips from CXMT have sparked concerns about the memory industry. But the part of the market driving AI is a different business altogether.

CXMT produces standard DRAM used in consumer devices like smartphones and laptops. AI servers rely on High-Bandwidth Memory (HBM), a far more advanced technology that is stacked directly with AI chips and requires years of joint development with customers.
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Only Samsung, SK Hynix, and Micron currently manufacture HBM at scale. While they are already shipping HBM3E, CXMT is still working toward certifying the older HBM3 standard and has yet to supply HBM to major Western AI companies.
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Even if Apple eventually buys more commodity memory from CXMT, it would affect the consumer DRAM market rather than the AI infrastructure market that currently drives memory valuations.
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The AI memory race is being decided by HBM, not by the chips inside smartphones and laptops.

✔️ @venture

😎 Jensen Huang’s Leather Jacket Up for Auction

The iconic Tom Ford leather jacket signed by Jensen Huang is on auction starting at 40k dollars. It was worn by Huang at the Hon Hai Tech Day in Taipei on October 18, 2023, when Nvidia unveiled AI factories.

The auction is charitable, with all proceeds going to The Edge Institute, a nonprofit organization.

✔️ @venture

Every major market crash in history had one thing in common.

Nobody believed it was coming right before it happened.

Right now, more bubble-top indicators are flashing simultaneously than at any of those three peaks combined.

✔️ @venture

🦄The world’s most valuable unicorns

Coincidence, or did the designer intentionally make them look like bubbles?

✔️ @venture

🚀 U.S. lawmakers start buying SpaceX shares after its IPO

Just days after SpaceX's $2 trillion IPO, members of Congress and their families began buying the stock.

Rep. Gil Cisneros purchased between $1,001 and $15,000 of SpaceX shares on June 18.

Three days earlier, a child of Rep. Dan Meuser bought $15,001 to $50,000 worth of shares.

Both transactions were disclosed under the STOCK Act.
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The purchases have drawn attention because both lawmakers serve on committees that oversee areas important to SpaceX. Cisneros sits on the House Armed Services Committee, while Meuser chairs a subcommittee of the House Financial Services Committee.
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In 2025, SpaceX generated $3.6 billion from U.S. government contracts, about 20% of its $18.7 billion in revenue.
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Ethics experts expect these disclosures may be just the beginning, with more congressional purchases likely to appear in the coming weeks.

✔️ @venture