Despite a turbulent market and slowing ARR growth, we expect Anthropic to proceed with its reported November IPO. There is too much smoke to think otherwise, including multiple leaks of its draft S-1, which we believe will be made public imminently. More importantly, Anthropic needs capital, with competitors pursuing the same investor dollars. That leaves…
Meta reports Q3 earnings later today, its first since launching Muse and a day after the second “leak” of Anthropic’s draft prospectus. The contrast could not be sharper: Anthropic is a fast-growing enterprise business that depends on a handful of customers and rents most of its compute, while Meta…
Loading the Elevenlabs Text to Speech AudioNative Player… Even with SpaceX looming, US telcos are testing whether they can spend less on phone subsidies without sacrificing subscriber growth. Trade-in offers have fallen in recent weeks, despite this year’s iPhone price increases and ahead of Apple’s most expensive phone yet. Are carriers finally pushing back on…
Here are our 10 key questions for Netflix management on tomorrow’s Q3 2026 earnings discussion (our Q2 2026 questions can be found here).
1) Why Were Bela Bajaria and Dan Lin Fired and Not Ted Sarandos? Ted Sarandos built…
SpaceX is building a terrestrial wireless network as part of a plan to compete for wireless subscribers in the United States. LightShed’s Walter Piecyk joined The Verge’s Nilay Patel on Decoder to discuss SpaceX’s path into wireless, lessons from Dish’s demise and T-Mobile’s rise, and why massive industry margins invite disruption. We also discussed Verizon’s…
AT&T’s exit from Mexico is another reminder of how much John Stankey has changed the company. What was once a sprawling collection of media and international assets is increasingly a focused US wireless and fiber business. That pivot could prove particularly valuable as SpaceX emerges as a longer-term competitive threat. It may also leave Verizon…
A year ago, investors believed Meta could not win AI. Llama 4 had disappointed, Meta was burning massive amounts of cash on compute, and OpenAI owned the consumer chatbot use case while Anthropic owned the conversation around coding agents. Then Muse launched on September 8th and quickly became one of the fastest-growing consumer AI products…
LightShed Earnings Scorecard: Twenty-First Edition Welcome to the 21st edition. SpaceX made its debut, joined by Nvidia and Bending Spoons, bringing us to 81 calls and more than 70 hours on the line. AI talk declined, tariffs crept back into the conversation, and the Hall of Shame welcomed its second-largest class on record. A Record…
SpaceX’s latest spectrum deal has investors once again questioning the future of the U.S. wireless industry. We think some of that fear is premature, but the telcos haven’t done themselves any favors. They’ve spent years dismissing SpaceX as a competitive threat while passing on opportunities that might have worked in their favor. Yesterday’s announcement raises…
“When you’re speaking to an advertiser, they have to have some understanding about where this content is available and when…A creator’s posting strategy has implications” That was YouTube CEO Neal Mohan speaking to the Wall Street Journal just two weeks ago (link). Coming from the CEO of…
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