Airbnb Model Update (2026)
Airbnb shares have risen about 50% since October 2025, prompting a revised 2026 model and return assumptions at the current price.
Wednesday, August 19, 2026
From X
Laughing Water Capital on X
@UnHedgedChatter @InvestSpecial @Wexboy_Value $AS, owner of Arc'teryx & 9 other brands trades at more than 3x sales. $CLAR, which would fit perfectly into AS's portfolio trades at less than 0.5x sales and is exploring strategic alts. 🤷♂️
Laughing Water Capital on X
Interesting framing for $NN. $95 is pretty far above my upside case, but agree the $T / FirstNet arrangement is interesting context, despite some obvious differences. https://t.co/b3FsHVkivk
Laughing Water Capital on X
Verizon, T-Mobile and other carriers could move quickly for NextNav’s 900 MHz spectrum, following AT&T’s rapid purchase of 600 MHz licenses.
Laughing Water Capital on X
NN’s low-band spectrum could gain value as Apple pursues satellite-to-phone service and seeks greater control over its satellite network.
Rusholme Capital on X
Q2 2025 portfolio update added Meta and six Canadian names, sold eight holdings, and returned 6.6% versus the S&P 500's 10.6%.
JabroniCoin.USD on X
So now $SMCI is part of the agentic & SpaceX capex trade? https://t.co/BMrEvmCbQj
Raging Capital Ventures on X
$INTC is lucky to have Lip-Bu Tan https://t.co/jFSTzsfqgK
Raging Capital Ventures on X
Nvidia’s vendor financing of neocloud customers creates Lucent-era credit risk, while LLM and memory innovation could erode AI infrastructure pricing power and ASIC competition.
Investor Letters
All letters- First Eagle Investments second quarter 2026 +5.0%
- RGA Investment Advisors Q3 2025
- RGA Investment Advisors Q4 2025
- Royce Investment Partners year-to-date period ended 6/30/26 +23.8%
- Broyhill Asset Management first quarter -6.0%
- Greenhaven Road Capital first quarter +17.0%
- Greenhaven Road Capital first quarter
- Weitz Investment Management 3Q25
Why DoorDash’s Autonomous Strategy Beats Uber’s Hodgepodge
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Will Hubspot go the way of the Dodo?
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The AI Compute Squeeze
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[scuttleslops] ZTS, APO, FISV, TTD, RELY
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The Impact of Autonomous Vehicles on Copart, A Timeline-Based Assessment - ($CPRT)
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Private Credit's Clock is Ticking w/ Glenn Schorr & Ken Worthington | The Real Eisman Playbook Ep 72
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Alphabet's Google Cloud swung from a $3.1 billion operating loss in 2021 to $13.9 billion profit in 2025 as Search revenue grew 13.2%.
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Older Stories
[V, MA] The more things change, the more they stay the same
scuttleblurb
SpaceX Disappoints, AI's Free Cash Flow Shrinks, Meta Struggles | The Weekly Wrap
Steve Eisman BKNG 2026-08-07[scuttleslops] BKNG, ABNB, SHOP, LPX, TREX, XYZ
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Coupang: 2Q26 Business Recap
Speedwell Memos
The last Bristol Myers' blog post was wrong on the core thesis
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