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…
Paramount Skydance’s purchase of Warner Bros. Discovery is déjà vu all over again. The combined company starts at roughly $12 billion in EBITDA, the exact same place WBD started after WarnerMedia merged with Discovery Global, before watching it fall to $9.5 billion. LightShed’s Rich Greenfield joined Puck’s Matt Belloni on The Town to debate whether…
This past June at the UFC Freedom 250 event at the White House, with Meta stock trading at $567, I went up to Zuck and I said, ‘No one was talking about Anthropic a year ago, and Google was left for dead. That’s obviously all changed, but people just ignore you [meaning Meta].’ And with a straight face, instantaneously, he said…
The most surprising part of yesterday’s SPECS launch and hands-on demo was how completely separate SPECS felt from Snap’s core product, Snapchat. While Snapchat pioneered AR lenses and AR technology is a fundamental part of SPECS, Snapchat is fundamentally a utility for communicating with your friends, with…
We are skeptics by nature. Watch or listen to an episode of The LightShed Podcast and you will figure that out. When Meta’s Mark Zuckerberg published 6,500 words on August 10th (link) arguing that AI must stay open because power should not sit with a small oligopoly, our first question was not whether he was…
When NFL Commissioner Roger Goodell was asked yesterday on CNBC whether the league would exercise its options to renegotiate media rights deals (link), he stated: “We don’t have to make that decision today. That’s the reason you have an option.” Goodell’s phrasing felt quite different from a year ago, when he responded to a question about renegotiating media rights deals by stating…
Tesla’s Cybercab launch event late last week rekindled concerns about Uber’s future and for good reason. Investors have largely been skeptical about whether Tesla can deliver a working robotaxi product to market at the price point…
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