Level of ignorance about $META surprises me every day.$META trial in California isn’t a $1 trillion threat. That’s the statutory maximum $META calculated to show how ridiculous those lawsuits can get.
States are asking $200 billion.
Historically, when US courts face such high… https://t.co/NdMJgYjxUl pic.twitter.com/NCBfgwxWWh
— Oguz Erkan (@oguzerkan) August 24, 2026
Nvidia earnings this week (Wed.).
The last Nvidia report came at Nasdaq wave '1' down.
This Nvidia report is coming at Nasdaq wave '3' down.
The Nasdaq has been at this level for three months. pic.twitter.com/9zPSgcFP8S
— Mac10 (@SuburbanDrone) August 24, 2026
“I don’t even know the f***ing product lines. Where is all the revenue coming from?”
Sam Altman: “Actually… I think we should be more of a platform company than a product company.”
*This 2 minute section is astounding because Sam Altman just admitted:
1) AI (LLMs) are a commodity; meaning they’re easily substitutable, suffering from extreme boom and bust cycles.
2) OpenAI doesn’t have any products, they’re relying on users to build them.
3) They want to be a service provider, putting them in direct competition in a space already dominated by Oracle, Amazon, Microsoft and Google.
The scary part is Sam doesn’t realize he just told the world that the emperor has no clothes.
"I don't even know the f***ing product lines. Where is all the revenue coming from?"
Sam Altman: "Actually… I think we should be more of a platform company than a product company."
*This 2 minute section is astounding because Sam Altman just admitted:
1) AI (LLMs) are a… https://t.co/JOfDUzHVvA pic.twitter.com/XSvvFZDs7n
— Financelot (@FinanceLancelot) August 24, 2026
According to a recent Goldman Sachs prime brokerage report, active hedge fund managers suffered their worst monthly underperformance relative to the S&P 500 in over 20 years. This historic underperformance was primarily driven by extreme crowding in mega-cap technology names and a rapid de-grossing phase as semiconductor valuations cooled off significantly during the month.
While retail investors holding diversified index funds remained relatively insulated, institutional long/short funds took a severe hit as crowded thematic AI bets unwound rapidly. The broader market’s natural diversification allowed the passive S&P 500 index to significantly outpace active manager returns during this volatile period, sparking renewed debate over active management vs. passive indexing in the current macroeconomic climate.
https://www.cnbc.com/2026/08/21/goldman-hedge-funds-historic-underperformance-sp500-degrossing.html