1st on the Dance Floor 🕺 Co-Founder @scienceinc startup studio/incubator @dollarshaveclub @LiquidDeath. & exec-produced @jeenyuhsmovie
Manhattan Beach, CA
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Problem is no one understands second order impacts. Especially liberals who hate the rich
Economists estimate that Prop 40 (California billionaire tax) would COST Californians $39B!
It raises $30B one time. But billionaires who move away stop paying state income tax, and that adds up to ~$70B in lost revenue.
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Peter Pham retweeted
Economists estimate that Prop 40 (California billionaire tax) would COST Californians $39B!
It raises $30B one time. But billionaires who move away stop paying state income tax, and that adds up to ~$70B in lost revenue.
California's Billionaire Tax Act would collect roughly $30 billion. Accounting for lost income taxes from departures, the mean Net Present Value is negative $39 billion, from Benjamin Jaros and Joshua Rauh nber.org/papers/w35899
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Peter Pham retweeted
🚨 BREAKING : Polymarket CEO Shayne Coplan caught using COMPANY MONEY for Private Jets flights.
Peter Thiel caught him red-handed using his investment money as a personal wallet.
Founders Fund, Peter Thiel's fund, discovered that Shayne had charged the following as company expenses :
- private jet flights
- apartment rent
- designer clothes
They immediately demanded a FULL REFUND
Shayne was forced to reimburse the money.
ICE and Founders Fund then teamed up to push for stronger financial controls
They were the one that forced Shayne to appoint a COO.
You remember Shayne's ChatGPT written tweet gleefully announcing the hiring of Collin McKinney Hill as COO ?
I called it extremely suspicious at the time. Turns out i was right, investors basically forced Shayne to hire him as a soft coup.
I don't know how long Shayne can stay in place when their main investors have lost confidence.
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Peter Pham retweeted
Braze $BRZE went public in 2021 at $65 a share. It opened at $87.20.
Salesforce $CRM now plans to buy it for $47.50 a share, valuing it at about $5.66B.
That’s 27% below the IPO price and 46% below the opening price. But Braze’s revenue has grown almost 4x from roughly $186M around its IPO to $738M in FY2026.
Braze helps brands send personalized messages across email, text, apps and other channels, based on what customers are doing in real time. For Salesforce, that fits neatly with Marketing Cloud: give companies a better way to turn customer data into relevant outreach.
@Benioff is the goat putting on a masterclass right now of M&A like no other CEO/company.
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Peter Pham retweeted
Ahem. Five years ago I wrote a column about DNA test results that showed there was a 99.999998 percent chance that Ilhan Omar and her second husband Ahmed Elmi were siblings. A few hours before we went to press my informant was arrested by Biden's FBI. Funny that.
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Peter Pham retweeted
Holy sht. Axios "fact-checkers" just used a literal AI photo, provided by Nasifa Fai, to "DEBUNK" a real video.
Welcome to 1984.
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Peter Pham retweeted
“AI has no ROI” is an absurd comment.
Just look at the filings:
• Shopify: +30% revenue to $11.6B, headcount down to 7.6k
• Klarna: revenue roughly doubled, headcount cut in half, AI doing customer service work
• Salesforce: support team cut from 9k to 5k because agents now handle half the volume
• Block: cut ~40% of staff, raised guidance, explicitly pointed to AI tools
• Applied Materials: plans to double revenue without doubling headcount via AI productivity
The ROI is already in the 10-Ks and earnings calls and we’re just scratching the surface of its capabilities as businesses optimize how they adopt and use agents.
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Peter Pham retweeted
nothing will ever come close to the feeling of a crisp Diet Coke and we should just accept this and move on:
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Peter Pham retweeted
Did you know that 81% of Somali immigrant-headed households in Minnesota receive some form of welfare?
For comparison, only 21% of native households get government assistance.
What’s the point of bringing in immigrants that need to be supported by U.S. taxpayers?
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Peter Pham retweeted
turns out gen z doesn’t dance because they’re scared of going viral on the internet?
we have one life.. live it to the fullest, dance how u want and fuck what others think
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Peter Pham retweeted
At 17 mg/day (8.5 mg twice daily), the reported increase was 36.4 hairs/cm².
Conventional oral minoxidil at just 5 mg once daily achieved 35.9 hairs/cm² in a smaller published study.
I don’t see compelling evidence of a meaningful advantage over normal release oral minoxidil, which is available now at my Immortals Pharmacy.
I personally take 3.5 mg daily.
JUST IN: Veradermics announces its experimental hair-loss pill significantly increased hair growth in over 500 men, with no serious side effects reported in a late-stage study.
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Peter Pham retweeted
lmao @Yelp refusing to be outdone by @instinct + @Muse + launching their own consumer facing AI agent
“Check for Me” calls a restaurant to check the wait for your party + texts you back
they already sell restaurants a voice agent to answer the phone... so pretty soon it’ll just be yelp’s agent calling... yelp’s agent 🙃
techcrunch.com/2026/10/20/ye…
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Peter Pham retweeted
JUST IN: Meta's Muse AI app surpasses 10 million U.S. downloads in just 40 days, a milestone achieved by only 11 other apps in history.
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NEW: In 2021, Apollo acquired a massive internet business for ~$5B.
Just 5 years later, it's become *one of the fastest-returning deals in the firm's history.*
700M monthly users. Billions in revenue. And an enormous distribution advantage that would be nearly impossible to replicate today.
Apollo's Reed Rayman recruited Jim Lanzone (@jlanzone) to lead the turnaround.
The company? @Yahoo.
I sat down with CEO Jim Lanzone, one of the internet industry's most accomplished turnaround executives, to go inside @apolloglobal's PE M&A playbook for Yahoo, the economics of the acquisition, & why this may be one of the most underrated assets in tech.
The numbers:
› ~$5B acquisition
› 700M monthly users, including 100M+ each across Yahoo Finance & Sports
› 75% direct traffic, with ~75% of daily users logged in
› Hundreds of millions in annual ad-tech losses addressed through restructuring
› Major divestitures including AOL, TechCrunch & Edgecast
› One of Apollo's fastest-returning deals, with Jim saying they're now "playing with house money"
› Newer search companies valued at 6X Yahoo despite having a fraction of its users, revenue & profitability
But the most interesting part of this deal is the operator.
Before Yahoo, Jim helped drive a 50X stock increase at Ask Jeeves, grew CBS Interactive from 70M to 220M users, and led Tinder.
And unlike the traditional PE playbook of aggressive cost extraction, PE micromanagement, Apollo backed an experienced product executive to restructure the business, rebuild its leadership, & reinvest in growth.
Now Yahoo is moving from turnaround to comeback, with an entirely rebuilt product ecosystem, its own AI search engine through Yahoo Scout, and a potential path back to the public markets.
We get into what it's really like operating under Apollo, the leadership decisions behind the turnaround, the value of internet distribution at scale, and why some startups with less than 0.1% of Yahoo's users command higher valuations.
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Jim Lanzone, CEO of Yahoo
(01:33) How Apollo bought Yahoo for $4.8B
(04:16) Taking over a company in the middle of COVID
(07:22) Is private equity really the villain?
(12:42) The mistake that handed Google the internet
(16:09) Where Yahoo's 700M monthly users come from
(17:07) Why Yahoo sold AOL & TechCrunch
(21:21) "You can't skip levels of the video game"
(27:58) Why people still trust Yahoo in the AI era
(30:26) How Yahoo Scout competes with ChatGPT & Perplexity
(33:48) Saying no to the AI gold rush?
(37:31) From turnaround to comeback
(39:42) One of the fastest paybacks in Apollo history
(42:50) The biggest mistake companies make at scale
(44:21) Silicon Valley startups are now worth more than Yahoo with 0.1% of its users
(46:25) Why Yahoo is ready for the next crash
(48:57) Barry Diller, Tinder & the tweet that predicted Yahoo
(54:36) Is Yahoo finally back?
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Peter Pham retweeted
Great explanation of why California gas prices are higher than in other states, in the @sfchronicle of all places.
26¢/gallon goes to "cap-and-invest" which funds high-speed rail.
sfchronicle.com/california/a…
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It sounds like a conspiracy theory, but "California gas is expensive because of a failed high-speed rail project" is 100% real.
Almost half of ALL GAS TAXES go to funding the high speed rail project that hasn't delivered a single functional piece of rail in the last 11 years.
Great explanation of why California gas prices are higher than in other states, in the @sfchronicle of all places.
26¢/gallon goes to "cap-and-invest" which funds high-speed rail.
sfchronicle.com/california/a…
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