# ![@thespencerwalsh Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::157406259.png) @thespencerwalsh Spencer Walsh

Spencer Walsh posts on X about ai, $msft, $goog, $uber the most. They currently have [-----] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

### Engagements: [-----] [#](/creator/twitter::157406259/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::157406259/c:line/m:interactions.svg)

- [--] Week [------] -60%
- [--] Month [-------] +2,611%
- [--] Months [-------] -48%

### Mentions: [--] [#](/creator/twitter::157406259/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::157406259/c:line/m:posts_active.svg)

- [--] Month [--] +56%
- [--] Months [--] -37%

### Followers: [-----] [#](/creator/twitter::157406259/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::157406259/c:line/m:followers.svg)

- [--] Week [-----] +0.63%
- [--] Month [-----] +4.20%
- [--] Months [-----] +4.80%
- [--] Year [-----] +17%

### CreatorRank: [---------] [#](/creator/twitter::157406259/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::157406259/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  70% [technology brands](/list/technology-brands)  31% [finance](/list/finance)  10% [exchanges](/list/exchanges)  1% [gaming](/list/gaming)  1% [countries](/list/countries)  1%

**Social topic influence**
[ai](/topic/ai) 11%, [$msft](/topic/$msft) 9%, [$goog](/topic/$goog) 9%, [$uber](/topic/$uber) 8%, [$amzn](/topic/$amzn) 8%, [business](/topic/business) 8%, [$schw](/topic/$schw) 5%, [$adbe](/topic/$adbe) 5%, [market cap](/topic/market-cap) #1241, [$axp](/topic/$axp) 4%

**Top accounts mentioned or mentioned by**
[@clarksquarecap](/creator/undefined) [@saasletter](/creator/undefined) [@optionsly](/creator/undefined) [@yilengyao1](/creator/undefined) [@empress_cap](/creator/undefined) [@grok](/creator/undefined) [@figma](/creator/undefined) [@pipesandpower](/creator/undefined) [@openai](/creator/undefined) [@verdadcap](/creator/undefined) [@dkhos](/creator/undefined) [@billackman](/creator/undefined) [@victaurs](/creator/undefined) [@evanspiegel](/creator/undefined) [@northledger](/creator/undefined) [@usernamedntmtr](/creator/undefined) [@chat_sbc](/creator/undefined) [@innocencecapit1](/creator/undefined) [@racexxx346111](/creator/undefined) [@betochmam](/creator/undefined)

**Top assets mentioned**
[Microsoft Corp. (MSFT)](/topic/$msft) [Alphabet Inc Class A (GOOGL)](/topic/$goog) [Uber Technologies, Inc. (UBER)](/topic/$uber) [Amazon.com, Inc. (AMZN)](/topic/$amzn) [Charles Schwab Corporation (SCHW)](/topic/$schw) [Adobe, Inc. (ADBE)](/topic/$adbe) [American Express Company (AXP)](/topic/$axp) [WIX.com Ltd. (WIX)](/topic/$wix) [Metadium (META)](/topic/$meta) [JPMorgan Chase (JPM)](/topic/$jpm) [Robinhood Markets, Inc.  (HOOD)](/topic/$hood) [Interactive Brokers Group, Inc. (IBKR)](/topic/$ibkr) [Snap, Inc. (SNAP)](/topic/$snap) [Now Coin (NOW)](/topic/$now) [Spotify Technology (SPOT)](/topic/$spot) [CHEGG, INC. (CHGG)](/topic/$chgg) [Figma, Inc. (FIG)](/topic/$fig) [Mastercard, Inc. (MA)](/topic/$ma) [Taiwan Semiconductor (TSM)](/topic/$tsm) [Netflix Inc (NFLX)](/topic/$nflx) [Pinterest, Inc. (PINS)](/topic/$pins) [Oracle Corporation (ORCL)](/topic/$orcl) [YELP INC. (YELP)](/topic/$yelp) [Udemy, Inc.  (UDMY)](/topic/$udmy) [Oscar Health, Inc.  (OSCR)](/topic/$oscr) [Infosys Limited (INFY)](/topic/$infy) [Gartner Inc (IT)](/topic/$it) [AppLovin Corporation (APP)](/topic/$app) [Intuit Inc. (INTU)](/topic/$intu) [StubHub Holdings, Inc. (STUB)](/topic/$stub) [Carvana Co. (CVNA)](/topic/$cvna) [CarMax, Inc (KMX)](/topic/$kmx)
### Top Social Posts
Top posts by engagements in the last [--] hours

"E.g. website builders jury is still out. $WIX premium subscriptions were declining 1% as of Q4 2024"  
[X Link](https://x.com/thespencerwalsh/status/2018471662510084353)  2026-02-02T23:48Z [----] followers, [----] engagements


"E.g. $FVRR active buyers declining 13%"  
[X Link](https://x.com/thespencerwalsh/status/2018472304200888641)  2026-02-02T23:51Z [----] followers, [----] engagements


"Assume 50% incremental margins on the $450B in incremental capex = $225B in incremental profits x 20x multiple = $4.5T in incremental market cap. Rest has come from multiple expansion"  
[X Link](https://x.com/thespencerwalsh/status/2021669521552290113)  2026-02-11T19:35Z [----] followers, [---] engagements


"Can you guess the company"  
[X Link](https://x.com/thespencerwalsh/status/2011270895680229764)  2026-01-14T02:55Z [----] followers, [---] engagements


"$PINS ramped headcount 14% over the past year just to announce a 15% layoff"  
[X Link](https://x.com/thespencerwalsh/status/2016295135127208100)  2026-01-27T23:39Z [----] followers, [----] engagements


"What's $SNAP worth if they break out AR losses and clean up their act a bit"  
[X Link](https://x.com/thespencerwalsh/status/2017038328349282760)  2026-01-30T00:53Z [----] followers, [----] engagements


"Where do you shake out on $NOW valuation/growth I'm getting to 45x '26e GAAP earnings likely growing 30% for the next few years"  
[X Link](https://x.com/thespencerwalsh/status/2018449605067960746)  2026-02-02T22:21Z [----] followers, [----] engagements


"E.g. $GETY purchasing customers declining 2%. E.g. $SSTK subscribers were declining 12% pre Envato acquisition"  
[X Link](https://x.com/thespencerwalsh/status/2018469672593850610)  2026-02-02T23:40Z [----] followers, [----] engagements


"E.g. $FORA.TO MAUs declining 32%. Credit @ClarkSquareCap"  
[X Link](https://x.com/thespencerwalsh/status/2018545704030142553)  2026-02-03T04:42Z [----] followers, [----] engagements


"@optionsly Q&A is a great example. Have you seen any reliable first party data published by them I've poked around Prosus filings (owns Stack Overflow) but didn't find anything. I've seen this chart floating around but haven't verified the data:"  
[X Link](https://x.com/thespencerwalsh/status/2018717661124051180)  2026-02-03T16:06Z [----] followers, [---] engagements


"Despite the disruption narrative $UBER users and bookings growth accelerated in Q4. 200M+ users growing 18%. $200B+ bookings growing 22% cc"  
[X Link](https://x.com/thespencerwalsh/status/2019092270612685105)  2026-02-04T16:54Z [----] followers, [---] engagements


"$UBER "San Francisco gross bookings for us have accelerated." Almost hard to believe"  
[X Link](https://x.com/thespencerwalsh/status/2019116870046253480)  2026-02-04T18:32Z [----] followers, [---] engagements


"$UBER "We added 50x the trips on the Uber platform this last year than the entire AV industry added.""  
[X Link](https://x.com/thespencerwalsh/status/2019121976351273278)  2026-02-04T18:52Z [----] followers, [---] engagements


"$AMZN "We have deep experience understanding demand signals in the AWS business and then turning that capacity into strong return on invested capital. We're confident this will be the case here as well.""  
[X Link](https://x.com/thespencerwalsh/status/2019592781065515390)  2026-02-06T02:03Z [----] followers, [---] engagements


"$AMZN "If you really want to use AI in an expansive way you need your data in the cloud and you need your applications in the cloud.""  
[X Link](https://x.com/thespencerwalsh/status/2019595939720413351)  2026-02-06T02:16Z [----] followers, [---] engagements


"What's your best guess on $AMZN AWS incremental ROI $100B in [----] AWS capex generated $27 in incremental revenue (run-rate) assume 65% cash margin = 17% cash on cash return"  
[X Link](https://x.com/thespencerwalsh/status/2019820004552896801)  2026-02-06T17:06Z [----] followers, [---] engagements


"Caveats: 1) Given ramp-up times some [----] incremental revenue probably related to [----] capex which would mean higher ROI. 2) Some maintenance capex required depending on useful life assumption of chips which could drag down the 65% margin assumption and lower ROI"  
[X Link](https://x.com/thespencerwalsh/status/2019820738782585092)  2026-02-06T17:09Z [----] followers, [---] engagements


"With hyperscaler capex close to 100% of OCF in [----] will AI capex growth going forward be limited by the organic OCF growth of $META $AMZN $MSFT and $GOOG (say 15%)"  
[X Link](https://x.com/thespencerwalsh/status/2019826197962928159)  2026-02-06T17:31Z [----] followers, [----] engagements


"With Q4 earnings behind us here is my forecast of capex vs. operating cash flow for the "Big 5": $AMZN $GOOG $META $MSFT and $ORCL. [----] capex is on track to reach 96% of operating cash flow"  
[X Link](https://x.com/thespencerwalsh/status/2019926906137899177)  2026-02-07T00:11Z [----] followers, [---] engagements


"E.g. $NRDY active members declining 14%"  
[X Link](https://x.com/thespencerwalsh/status/2018470683442033041)  2026-02-02T23:44Z [----] followers, [----] engagements


"E.g. $YELP ad clicks declining 11%"  
[X Link](https://x.com/thespencerwalsh/status/2018475233339171033)  2026-02-03T00:02Z [----] followers, [----] engagements


"@YilengYao1 @grok $WIX only reports the # of premium subscriptions annually in the 10K/20F. Will get another data point in a few weeks when they report their Q4 [----] results"  
[X Link](https://x.com/thespencerwalsh/status/2018479175993336211)  2026-02-03T00:18Z [----] followers, [---] engagements


"If this happens what multiple does $UBER command in 2029"  
[X Link](https://x.com/thespencerwalsh/status/2019144342510923799)  2026-02-04T20:21Z [----] followers, [----] engagements


"$UPWK active clients declined 6% in Q4. E.g. $UPWK active clients declining 7%. E.g. $UPWK active clients declining 7%"  
[X Link](https://x.com/thespencerwalsh/status/2020994643375366294)  2026-02-09T22:54Z [----] followers, [----] engagements


"$SPOT: "Significant disruption happens when new technologies enable new asymmetric business models.""  
[X Link](https://x.com/thespencerwalsh/status/2021313667644678559)  2026-02-10T20:01Z [----] followers, [---] engagements


"1) Buy the #1 player. 2) Take margins from 10% to 40%. If SaaS execs don't run that playbook TB will be happy to do it for them. https://www.youtube.com/watchv=UZdFlCAXtLc https://www.youtube.com/watchv=UZdFlCAXtLc"  
[X Link](https://x.com/thespencerwalsh/status/2021408193109426287)  2026-02-11T02:17Z [----] followers, [----] engagements


"The $SCHW AI disruption narrative feels particularly silly"  
[X Link](https://x.com/thespencerwalsh/status/2021440757127839812)  2026-02-11T04:26Z [----] followers, [---] engagements


"E.g. $UPWK active clients declining 7%"  
[X Link](https://x.com/thespencerwalsh/status/2018477466793492596)  2026-02-03T00:11Z [----] followers, [----] engagements


"E.g. $UDMY monthly average buyers (consumer segment) declining 8%"  
[X Link](https://x.com/thespencerwalsh/status/2018488604453142896)  2026-02-03T00:55Z [----] followers, [----] engagements


"A genie grants you a wish: you get to own 100% of a single business with a market cap $10B. Own forever. What are you choosing"  
[X Link](https://x.com/thespencerwalsh/status/2018757596665287033)  2026-02-03T18:44Z [----] followers, [----] engagements


"$CHGG stopped reporting subscribers but revenue declined 49% in Q4. Looking to create an exhaustive list of where we have seen AI disruption so far. Please comment the business name along with the KPI that reflects AI disruption. Thanks E.g. $CHGG subscribers declining 40%. Looking to create an exhaustive list of where we have seen AI disruption so far. Please comment the business name along with the KPI that reflects AI disruption. Thanks E.g. $CHGG subscribers declining 40%"  
[X Link](https://x.com/thespencerwalsh/status/2021048585081721338)  2026-02-10T02:28Z [----] followers, [----] engagements


"Studied $OSCR for the first time. Looking out a few years what multiple does this business command"  
[X Link](https://x.com/thespencerwalsh/status/2021755069809799595)  2026-02-12T01:15Z [----] followers, [---] engagements


"@ClarkSquareCap @SaaSletter E.g. $INFY not in negative territory yet but cc revenue growth slowed to 1.7% in Q4 [----] down from 6.1% a year ago"  
[X Link](https://x.com/thespencerwalsh/status/2022010909233934596)  2026-02-12T18:12Z [----] followers, [---] engagements


"@ClarkSquareCap E.g. $IT seems at least partially impacted by AI. Net revenue retention down to 97.5% from 104% a year ago. Credit @SaaSletter"  
[X Link](https://x.com/thespencerwalsh/status/2018792134879711642)  2026-02-03T21:02Z [----] followers, [---] engagements


"By my math the "Big 5" hyperscalers increasing capex from $288B in [----] to $750B in [----] has driven $12T+ in market cap gain for the "AI Beneficiaries""  
[X Link](https://x.com/thespencerwalsh/status/2021669222779412603)  2026-02-11T19:34Z [----] followers, [---] engagements


"Looking to create an exhaustive list of where we have seen AI disruption so far. Please comment the business name along with the KPI that reflects AI disruption. Thanks E.g. $CHGG subscribers declining 40%"  
[X Link](https://x.com/thespencerwalsh/status/2018351651493724349)  2026-02-02T15:51Z [----] followers, 42.8K engagements


"Did $APP stop reporting installs growth in the press release"  
[X Link](https://x.com/thespencerwalsh/status/2021704616698949796)  2026-02-11T21:55Z [----] followers, [---] engagements


"@ClarkSquareCap @SaaSletter E.g. $TRIP's metasearch business. Admittedly disrupted by $GOOG first but AI likely further eroding the reviews moat. Q4 Hotels revenue down 15%"  
[X Link](https://x.com/thespencerwalsh/status/2022015891492507857)  2026-02-12T18:32Z [----] followers, [---] engagements


"$JPM "If you can earn 17% and grow organically that's where the value comes from. I mean just do the numbers. If you were earning 17% or you can't grow then you're a bond. You'll trade at a 6% yield or something like that and that's a whole different issue.""  
[X Link](https://x.com/thespencerwalsh/status/1932899746257183110)  2025-06-11T20:36Z [----] followers, [---] engagements


"Top [--] stocks owned on $HOOD"  
[X Link](https://x.com/thespencerwalsh/status/1937624543218270516)  2025-06-24T21:31Z [----] followers, [---] engagements


"$HOOD investors vs. Nasdaq Composite Index"  
[X Link](https://x.com/thespencerwalsh/status/1937624839902396782)  2025-06-24T21:32Z [----] followers, [---] engagements


"Total Client Assets (Q1 2025) $HOOD $221B $SCHW $9930B Market Cap $HOOD $73B $SCHW $165B"  
[X Link](https://x.com/thespencerwalsh/status/1937640744887681461)  2025-06-24T22:35Z [----] followers, [---] engagements


".somewhat offset by increased phone usage while driving of course"  
[X Link](https://x.com/thespencerwalsh/status/1938267299095671038)  2025-06-26T16:05Z [----] followers, [---] engagements


"$GOOG vs ChatGPT traffic data from SensorTower/SimilarWeb. Interestingly ChatGPT growth doesn't appear particularly cannibalistic so far"  
[X Link](https://x.com/thespencerwalsh/status/1938281343433249242)  2025-06-26T17:00Z [----] followers, [----] engagements


"Stablecoin total payment volume:"  
[X Link](https://x.com/thespencerwalsh/status/1938643886211244540)  2025-06-27T17:01Z [----] followers, [---] engagements


"Some @figma $FIG KPIs: - $821 LTM revenue (47% US / 53% intl) - 46% Q1 [----] revenue growth - 132% NRR - 13M MAUs (15% US / 85% intl) - 450k "Paid Customers" - 20-33% price increase in March [----] for "Full seat" subscribers - 10% GAAP run-rate ROIC (future SBC TBD)"  
[X Link](https://x.com/thespencerwalsh/status/1940174470012182877)  2025-07-01T22:23Z [----] followers, 16.4K engagements


"$IBKR I always like to overdeliver. That's why I projected lower account growth than I really believed that would take place. And I continue to do that for the future"  
[X Link](https://x.com/thespencerwalsh/status/1946022541958799378)  2025-07-18T01:41Z [----] followers, [---] engagements


"$AXP "May the best company win. That's what I think.""  
[X Link](https://x.com/thespencerwalsh/status/1946278974633746636)  2025-07-18T18:40Z [----] followers, [---] engagements


"$AXP re: stablecoins "I think what you will see is companies like American Express Visa and Mastercard being off-ramps for digital currencies.""  
[X Link](https://x.com/thespencerwalsh/status/1946285007477367291)  2025-07-18T19:04Z [----] followers, [----] engagements


"$AXP "Will they replace the existing payment rails No they are not going to replace the existing payment rails.""  
[X Link](https://x.com/thespencerwalsh/status/1946285008622432361)  2025-07-18T19:04Z [----] followers, [---] engagements


"$IBKR "Our business strategy continues to be effective automating as much of the brokerage business as possible continuously improving and expanding what we offer while minimizing what we charge.""  
[X Link](https://x.com/thespencerwalsh/status/1946343043814379604)  2025-07-18T22:55Z [----] followers, [---] engagements


"$GOOG Search added $23B in run-rate revenue over the past year. OpenAI currently at $10B in run-rate revenue"  
[X Link](https://x.com/thespencerwalsh/status/1948163897372098599)  2025-07-23T23:30Z [----] followers, [---] engagements


"@optionsly You have an explanation for this How are taxis ordered through Uber accounted for"  
[X Link](https://x.com/thespencerwalsh/status/1949185678702776372)  2025-07-26T19:10Z [----] followers, [---] engagements


"Am I reading these $MSFT disclosures correctly $1.9B in CY Q2 losses on equity method investment in OpenAI / 49% ownership stake = $3.8B in total Q2 losses for Open AI. x [--] = $15B in run-rate losses for OpenAI"  
[X Link](https://x.com/thespencerwalsh/status/1950967122974351776)  2025-07-31T17:09Z [----] followers, 99.9K engagements


"At this point $FIG should acquire $ADBE"  
[X Link](https://x.com/thespencerwalsh/status/1950973114134962327)  2025-07-31T17:33Z [----] followers, [----] engagements


"Anyone else in payments other that $V and $MA increasing their take-rates"  
[X Link](https://x.com/thespencerwalsh/status/1955310751222206589)  2025-08-12T16:49Z [----] followers, [---] engagements


"$INTU Search and AI traffic is not apples-to-apples. The AI traffic tends to be much higher consideration and converts order of magnitude better through the funnel.""  
[X Link](https://x.com/thespencerwalsh/status/1958929892600685060)  2025-08-22T16:30Z [----] followers, [---] engagements


""The emergence of GenAI changed the course of this case. These remedies proceedings thus have been as much about promoting competition among GSEs as ensuring that Googles dominance in search does not carry over into the GenAI space." $GOOG $GOOGL"  
[X Link](https://x.com/thespencerwalsh/status/1963024718019326366)  2025-09-02T23:42Z [----] followers, [---] engagements


"Why are $WIX registered users growing 7% but premium subscriptions declining 1% Churn from large price increases"  
[X Link](https://x.com/thespencerwalsh/status/1966577017274724598)  2025-09-12T18:57Z [----] followers, [---] engagements


"Is private school tuition a common exec benefit $STUB"  
[X Link](https://x.com/thespencerwalsh/status/1968454581999878647)  2025-09-17T23:18Z [----] followers, [----] engagements


"Any read throughs from $KMX to $CVNA Is CAF slowing going to be reflected in $CVNA's Gain on Loan Sales or no"  
[X Link](https://x.com/thespencerwalsh/status/1971316919916691801)  2025-09-25T20:52Z [----] followers, [---] engagements


"7 people are making $10M+ annually creating Fortnite islands"  
[X Link](https://x.com/thespencerwalsh/status/1973854972535263663)  2025-10-02T20:57Z [----] followers, [---] engagements


"$MSFT $AMZN $GOOG"  
[X Link](https://x.com/thespencerwalsh/status/1976316048745037930)  2025-10-09T15:57Z [----] followers, [---] engagements


"Quiz q: Which company generates the highest average revenue per customer"  
[X Link](https://x.com/thespencerwalsh/status/1978624929072374071)  2025-10-16T00:51Z [----] followers, [---] engagements


"@PipesAndPower Good guesses - I've got Boeing and Airbus at #4 and #5 at $200M per customer"  
[X Link](https://x.com/thespencerwalsh/status/1978682223059517844)  2025-10-16T04:39Z [----] followers, [--] engagements


"$TSM "The engagement lead time with customer is now at least [--] to [--] years in advance. Therefore we probably get the deepest and widest look possible in the industry.""  
[X Link](https://x.com/thespencerwalsh/status/1978860879090237472)  2025-10-16T16:29Z [----] followers, [---] engagements


"$MSFT flexing its pricing power with a 43% price increase in Office 365"  
[X Link](https://x.com/thespencerwalsh/status/1890544930797306253)  2025-02-14T23:33Z [----] followers, [----] engagements


"$SCHW "Our clients own 20% of the crypto exchange traded product in the industry. most of our clients we find are not using coins to transact on the blockchain most are wanting to get invested in the price change of crypto.""  
[X Link](https://x.com/thespencerwalsh/status/1978906943885365329)  2025-10-16T19:32Z [----] followers, [---] engagements


"$SCHW "The spreads at the moment and the amount of money that these digitally native firms are making in crypto are enormous. so there's room I think to be both aggressive on price and to deliver great value and generate a profit for the firm.""  
[X Link](https://x.com/thespencerwalsh/status/1978968830505369766)  2025-10-16T23:38Z [----] followers, [---] engagements


"$AXP "Our card base is not representative of what's going on across the United States. It truly is a bifurcated economy.""  
[X Link](https://x.com/thespencerwalsh/status/1979240373726871707)  2025-10-17T17:37Z [----] followers, [---] engagements


"$IBM "With payment of the December [--] [----] dividend IBM will have paid consecutive quarterly dividends every year since 1916.""  
[X Link](https://x.com/thespencerwalsh/status/1981095806867493338)  2025-10-22T20:30Z [----] followers, [---] engagements


"$GOOG "AI is driving an expansionary moment for Search.""  
[X Link](https://x.com/thespencerwalsh/status/1983746132284207231)  2025-10-30T04:01Z [----] followers, [---] engagements


"$MSFT reports @OpenAI losses of $8.2B in Q3 (assumes 49% ownership pre deal restructuring)"  
[X Link](https://x.com/thespencerwalsh/status/1983749364372918416)  2025-10-30T04:14Z [----] followers, [---] engagements


"What are the best examples of public companies that have had declining "take-rates" yet still generated strong equity returns for shareholders over the long term"  
[X Link](https://x.com/thespencerwalsh/status/1988670226440024519)  2025-11-12T18:08Z [----] followers, [---] engagements


"Are we sure $UBER should only trade for 22x '26e earnings given it's likely to grow earnings at a 30%+ CAGR for the next few years"  
[X Link](https://x.com/thespencerwalsh/status/1993110032700064017)  2025-11-25T00:10Z [----] followers, [----] engagements


"$TSM CEO: "Current capacity is still about three times insufficient." Wild"  
[X Link](https://x.com/thespencerwalsh/status/1993143445318517110)  2025-11-25T02:23Z [----] followers, [---] engagements


"Very rough analysis but if [----] capex yields a 10% ROI shouldn't the hyperscalers crush revenue estimates next year $AMZN $MSFT $GOOG"  
[X Link](https://x.com/thespencerwalsh/status/1996312469271433715)  2025-12-03T20:15Z [----] followers, [----] engagements


"$CSGP "Many believe that traffic from GEO may be monetized the way Google monetized SEO with SEM. There's some huge AI GPU and energy bills to pay out there.""  
[X Link](https://x.com/thespencerwalsh/status/2000731135782035629)  2025-12-16T00:54Z [----] followers, [---] engagements


"Some amazing data on $IBKR's borrow rates vs. industry from @verdadcap"  
[X Link](https://x.com/thespencerwalsh/status/2009403780710936945)  2026-01-08T23:16Z [----] followers, [---] engagements


"The case for $UBER. Shared this writeup with our partners last month - hope you enjoy the read"  
[X Link](https://x.com/thespencerwalsh/status/2010830672319934529)  2026-01-12T21:46Z [----] followers, [----] engagements


"Link to the full writeup: https://app.peony.ink/kinesic/03e9a0fe-0a5c-43ab-9b3f-bec07261aa37 https://app.peony.ink/kinesic/03e9a0fe-0a5c-43ab-9b3f-bec07261aa37"  
[X Link](https://x.com/thespencerwalsh/status/2010830681530654793)  2026-01-12T21:46Z [----] followers, [---] engagements


"@dkhos @BillAckman anything to add"  
[X Link](https://x.com/thespencerwalsh/status/2010830683204157681)  2026-01-12T21:46Z [----] followers, [---] engagements


"Past [--] year: KOSPI +88% CPNG flat"  
[X Link](https://x.com/thespencerwalsh/status/2011120237455032829)  2026-01-13T16:56Z [----] followers, [---] engagements


"$JPM: "We are going to stay upfront. So help us God. We're not going to try to meet some expense target and then [--] years from now have you asking us the question how did JPMorgan left behind" Jamie the 🐐"  
[X Link](https://x.com/thespencerwalsh/status/2011199755104473350)  2026-01-13T22:12Z [----] followers, [---] engagements


"$JPM: "I do think AI will be driving more efficiency down the road. But I'd also point out about that efficiency -- because other banks have to do it too it will eventually be passed on to the customer. This isn't like you're going to build [--] points of margin and you get to keep it. You don't." https://twitter.com/i/web/status/2011199969857077501 https://twitter.com/i/web/status/2011199969857077501"  
[X Link](https://x.com/thespencerwalsh/status/2011199969857077501)  2026-01-13T22:13Z [----] followers, [---] engagements


""CIOs expect modest acceleration in software budgets to +3.8% in '26." Enterprise software spend continues to consolidate. $MSFT $AMZN"  
[X Link](https://x.com/thespencerwalsh/status/2011584569607409812)  2026-01-14T23:41Z [----] followers, [---] engagements


"@victaurs Why not just value the business on GAAP net income Takes into account both insurance reserves and SBC"  
[X Link](https://x.com/thespencerwalsh/status/2012256136943243656)  2026-01-16T20:10Z [----] followers, [--] engagements


"First paid sub update from $NFLX in [--] quarters. Still growing 10% YoY"  
[X Link](https://x.com/thespencerwalsh/status/2013749292960461008)  2026-01-20T23:03Z [----] followers, [---] engagements


"$NFLX "in the second half of [----] our members watched [--] billion hours on Netflix." Comes out to $0.25 in revenue per hour of entertainment"  
[X Link](https://x.com/thespencerwalsh/status/2013787527661134153)  2026-01-21T01:35Z [----] followers, [---] engagements


"Me: Is $ADBE getting disrupted Also me: No question I'll be renewing my Acrobat Pro subscription"  
[X Link](https://x.com/thespencerwalsh/status/2015969509329498346)  2026-01-27T02:06Z [----] followers, [---] engagements


"Q: "Account growth still very strong north of 30%. Thomas any specifics on how long you can keep this up" A: "As long as I shall live." $IBKR"  
[X Link](https://x.com/thespencerwalsh/status/2013849856868012277)  2026-01-21T05:43Z [----] followers, [---] engagements


"$SCHW likely earns $6+ in EPS this year so 16/17x for say teens EPS growth going forward. What's the bear case"  
[X Link](https://x.com/thespencerwalsh/status/2014053444613710310)  2026-01-21T19:12Z [----] followers, [---] engagements


"Hmmm. $ADBE"  
[X Link](https://x.com/thespencerwalsh/status/2016264441533448527)  2026-01-27T21:37Z [----] followers, [----] engagements


"$MSFT RPO from OpenAI: $280B. $MSFT RPO from the rest of their billion+ users: $350B (growing 28%)"  
[X Link](https://x.com/thespencerwalsh/status/2016667389581242594)  2026-01-29T00:19Z [----] followers, [---] engagements


"In place of their [----] planned capex $META could buy all of $NOW or $ADBE"  
[X Link](https://x.com/thespencerwalsh/status/2016989056857756156)  2026-01-29T21:37Z [----] followers, [---] engagements


"Seems like a narrative violation. $UBER"  
[X Link](https://x.com/thespencerwalsh/status/2016550389597024447)  2026-01-28T16:34Z [----] followers, [----] engagements


"Outside of semis what companies are generating $20B+ in revenue profitable and growing organically 20%+"  
[X Link](https://x.com/thespencerwalsh/status/2017323152070918621)  2026-01-30T19:44Z [----] followers, [----] engagements


"One idea: $SNAP. Spin off Spectacles probably worth a few billion who knows. Cut all SBC. Ex. SBC and Spec losses core biz generates $1.5B+ in net income. Focus exclusively on product & ad tech. Can prob grow rev/NI to $10/2B+ over time. @evanspiegel thoughts"  
[X Link](https://x.com/thespencerwalsh/status/2018767744293064825)  2026-02-03T19:25Z [----] followers, [----] engagements

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