🍕 Buffett’s Latest Slice: Domino’s

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🐦 X-odus: The Musk Effect

Can Bluesky’s Meteoric Rise Outlast Twitter’s Collapse?
Elon Musk might’ve bought Twitter for billions, but he’s dismantling its foundation one controversial move at a time. By prioritizing right-leaning accounts, tweaking algorithms to boost himself, and letting bots run wild, Musk has driven users and advertisers away in droves.

Here’s the scoop:
Bluesky, a decentralized platform founded by Twitter’s Jack Dorsey in 2019, has surged in popularity. Its user base has doubled over the last 90 days, hitting 15.5 million on November 13—just 2.5% of Twitter’s audience but growing fast. Meanwhile, X (formerly Twitter) is losing users at a record clip, with over 100,000 deactivations daily as elections loom.

Bluesky’s appeal lies in its customizable feeds, ad-free browsing, and control over what users see. Unlike Meta’s Threads, Bluesky has momentum and big-name creators jumping ship. However, the platform must prove it’s not just a flash in the pan.

Big Picture: Fidelity has slashed X’s valuation by 75% since Musk’s takeover. While Bluesky’s growth is exciting, it’s navigating uncharted waters as it challenges an entrenched giant.

⚖️ Musk’s Legal Crusade Against OpenAI Intensifies

New Allegations, Old Grudges, Big Stakes
Elon Musk has reignited his legal battle against OpenAI, accusing the AI leader of antitrust violations and cozying up to Microsoft at competitors’ expense.

What’s new?

• Musk alleges OpenAI has stifled rivals like his startup, xAI, by coercing investors to avoid funding them.

• Key figures, including Microsoft’s Reid Hoffman and Dee Templeton, are accused of facilitating unfair “agreements” to protect OpenAI’s dominance.

• Plaintiff Shivon Zilis, Musk’s Neuralink exec and former OpenAI board member, claims her concerns about OpenAI’s practices were ignored.

Musk argues OpenAI has strayed far from its non-profit roots, now valued at $157 billion and aligned with Microsoft. OpenAI, unsurprisingly, calls the lawsuit baseless.

Why it matters:
This fight isn’t just legal—it’s personal. Musk co-founded OpenAI with a vision of accessible and ethical AI, but he now sees it as a profit-driven behemoth undermining competition. As AI reshapes industries, the outcomes of these accusations could ripple far beyond Silicon Valley.

Wall Street Can’t Hold a Note Like This

Streaming platforms pay billions in royalties.

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🍕 Buffett’s Latest Slice: Domino’s

The Oracle of Omaha Goes for Pizza and Pools
When Warren Buffett speaks—or buys—investors listen. Domino’s Pizza ($DPZ) surged 7.58% after Berkshire Hathaway disclosed a 1.28M-share stake, alongside a new position in Pool Corp ($POOL).

What’s cooking?

• Domino’s stock is up 5% YTD, though it trails broader market performance.

• Buffett’s strategy? Buy great companies at a discount and hold long-term.

• Pool Corp, a leader in outdoor living supplies, also jumped 5.68% on the news.

Meanwhile, Berkshire Hathaway trimmed its position in Ulta Beauty ($ULTA), sending the stock down 2.38%.

Looking forward:
Buffett’s picks don’t always promise immediate returns, but they often outperform in the long run. Domino’s may now be on a trajectory to deliver more than just pizzas.

📊 In Other News

🎥 Disney Magic:
Disney smashed Q4 expectations with a boost from blockbuster films Deadpool & Wolverine and Inside Out 2. Disney+ added 4.4 million subscribers, marking its first profitable quarter. CEO Bob Iger offered a rare optimistic three-year outlook, signaling a potential turnaround for the media giant.

📈 Foxconn's AI Push:
Foxconn’s Q3 profits surged 14%, driven by soaring demand for AI servers and tech hardware. As Apple’s key supplier, Foxconn is betting big on AI to future-proof its operations.

💻 Nvidia’s Legal Hurdle:
The U.S. Supreme Court is considering a securities fraud case against Nvidia, which allegedly hid its reliance on crypto-related revenues during a market downturn. A ruling could have major implications for tech transparency.

👜 Fashion Merger Canceled:
Capri Holdings and Tapestry abandoned their $8.5B merger after regulatory challenges, including FTC scrutiny. The failed deal dashed hopes of creating a U.S.-based luxury powerhouse.

📱 Ford's Costly Recall:
Ford agreed to a $165M fine for delays in recalling vehicles with faulty rearview cameras—the largest penalty in NHTSA history. Safety lapses are proving expensive for automakers.

🚗 Tesla's Golden Era?:
Wedbush Securities predicts Tesla could double its market value to $2 trillion under Elon Musk’s leadership. Key drivers include EV dominance, AI integration, and expanded production capabilities.

🌐 Fanbase Rises:
Fanbase, a fresh social media platform, empowers creators with paid subscription options ranging from $2.99 to $99.99 monthly. Backed by $10M in funding, it’s creating waves by offering creators equitable revenue-sharing and an ad-free environment.

🌮 Chipotle Drama:
A shareholder lawsuit claims Chipotle ($CMG) misled investors about customer dissatisfaction stemming from inconsistent portion sizes. The viral complaints coincided with an 8% stock drop after its latest earnings call.

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✨ Goodbye

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