WE'RE WELL POSITIONED TO FUND THIS GROWTH $LMND WITHOUT THE NEED FOR ADDITIONAL CAPITAL. EAT IT BEARS.

$LMND Q3 Shareholder Letter is up! I will be posting highlights and thoughts in this thread as well as doing a video. The first numbers though look excellent and very much in line with my preview. 👇

Michael Burry was short in Q1 2025 ahead of the April flash crash. He's short again, just ahead of the AI bubble's final reckoning. His timing was perfect the first time because nobody expected markets to go down during a Trump presidency. His timing is perfect again because while everyone knows AI is a bubble, everyone thinks nothing stops this train. In the Danish fairy tale, everyone in the kingdom knew the Emperor was not wearing clothes. But it took a little kid to point it out. It was easier to pretend not to see it than risk calling it out. The markets are simply a real life version of The Emperor's New Clothes. Only a few are brave enough to call out the BS.

$HIMS bulls right now

Q3 results are in and here are the highlights: - We’re growing fast and efficient. Revenue is up 49% year over year. Adjusted EBITDA is up 53%. Increasing confidence we can meet and surpass 2030 targets of $6.5B and $1.3B in Adj. EBITDA. - Growth is becoming more diversified. Hims is growing 40% yoy excluding the generic PRN business we are shifting away from. Hers is growing high double/triple digits toward north of $1B in revenue next year. – The best offerings in healthcare are coming to the table given the scale of our consumer platform. From advanced diagnostics to early stage biotech. We’re leaning in hard here to curate the best, at affordable prices. – As we scale, we’re passing savings back to the consumer. We started the year with ~400,000 sq ft. of verticalized facilities, and expect to end the year at north of 1 million, with consumers as the true beneficiaries of our expanding scale. Gold standard infrastructure + FDA registered facilities & GreenList suppliers for GLP-1s = real wins for consumers. – New categories like Testosterone and Menopause expected to be growth drivers next year. Great early signals and product market fit. Now we’re focused on optimizing the engines. - Comprehensive lab testing is on track to launch by year end at a fraction of the cost that this level of advanced testing can run today. Hundreds, not thousands. Over time we’ll verticalize further this lab infrastructure to bring the cost as low as possible. – Longevity is going live next year. Expected to eventually include peptides, coenzymes, GLP/GIP, supplements and tracking. If the rich and famous have access to these levels of cutting edge precision therapies, we want you to have it also. Our California facilities are in full-motion onshoring R&D for core peptides. – International is on deck. Canada will be live soon, and we’re in active conversations with the leading generics manufacturers for when semaglutide will be available in Canada and Brazil in generic form in 2026. Continuing investments in the UK & Germany, and looking at other international markets like Australia & other Latin American and Asian markets. Our goal hasn’t changed: help the world feel great. ————————— Read more here: investors.hims.com/files/doc… Important info here: news.hims.com/disclaimers/ca…

THIS IS WHAT'S KEEPING ME UP AT NIGHT: 1. AI will kill the concept of a 9–5 for millions. MANY get laid off, become freelancers, shift to portfolios of agent-assisted work. 2. livestreaming explodes 100×. it becomes the only way to prove you are real and not AI. Twitch will look like one of the greatest acquisitions of all time. 3. the creator economy is graduating into the founder economy. audiences are mobilizing into companies, funds, and franchises. MrBeast was just the prototype! 4. we’re entering the app recombination era. the biggest startups of 2026 will be built by remixing three or four existing AI tools into new vertical workflows. 5. agents will start talking to other agents, and you won’t be in the loop. every “human in the middle” job becomes an API call between two models. 6. AI is collapsing the value chain. agencies, recruiters, consultants, and project managers disappear while micro-operators running ten-agent stacks take their place. 7. distribution goes agentic. every AI company will run a thousand influencer agents testing titles, thumbnails, and CTAs nonstop. ad spend becomes a living organism. i hope you like testing. 8. personalization flips commerce. the same product sells for fifty prices through fifty custom funnels, each built by AI for that buyer. price discovery becomes dynamic. this is prob better for business owners and worse for consumers :( . 9. data privacy becomes the new luxury. entire brands form around “human-only,” “no-model,” or “offline verified.” authenticity becomes a trillion-dollar aesthetic. 10. creators will own AI studios instead of channels. one prompt becomes a short, an app, a brand, a product line. the boundary between content and company disappears. 11. the big social platforms fracture into signal markets. people will trade ideas, audience data, and prompt assets the way day-traders swap stocks. virality gets financialized. already happening. 12. energy becomes the next constraint. every AI boom ends in a power bottleneck. whoever solves cheap, local compute with solar or geothermal wins the century. 13. storytelling becomes an economic engine again. the only moats left are narrative, taste, and trust. 14. AI-native insurance becomes a massive opportunity. once agents handle billions of decisions, someone must underwrite the risk. 15. an AI glut means deflation everywhere except in ideas. when intelligence is free, originality becomes priceless. 16. governments create national models to protect sovereignty. data turns into a weapon and compute becomes foreign policy. 17. as agents handle logistics, humans move up the stack into aesthetics. art direction becomes a daily skill. everything becomes branding. 18. the next decade’s wealth comes not just from building AI but from deciding where not to use it. restraint will make fortunes. 19. AI compute arbitrage becomes a trillion-dollar trade. people buy cheap cloud in underdeveloped markets and rent it globally, like Airbnb for GPUs. 20. AI-native brands dominate e-commerce by owning micro-trends. they launch new products daily, test a thousand ad variants, and kill losers overnight. 21. the AI gold rush ends with a massive data rush. whoever owns or licenses niche, verified datasets controls the supply chain of the future. 22. the next $10 billion fund is hybrid: part VC, part compute allocator, part data warehouse. capital moves from money to intelligence. 23. once personal AGIs hit, subscription fatigue dies. consumers will want one AI that handles everything. the first “super-app for life” could be a trillion-dollar company. 24. most billion-dollar outcomes this decade come from repackaging existing industries through AI... the AI accountant, AI real-estate broker, AI logistics coordinator starting as highly vertical versions of familiar services. 25. mobile UI shifts from taps to chat + camera. the screen becomes a lens, the conversation becomes the interface. the app era quietly turns into the agent era. @meetLCA is a design agency i co-founded that is behind the biggest AI apps rn, seeing it play out now. 26. every industry is about to unbundle into interface companies. whoever owns the customer interface, not the backend or the model, controls the value chain. it’s Shopify vs AWS all over again. 27. vertical media merges with vertical SaaS. every niche publication births a product; every software company births a content arm. the media-product line disappears. 28. the internet used to reward consistency. the new internet rewards experimentation. the faster you test, the faster you compound. 29. AI blurs the line between work and art. products start to feel authored, like albums or films. founders become creative directors of automation. 30. AI regulation prob will look like climate policy... too slow, too messy, full of loopholes. innovation moves to places that treat compute like oil. 31. the internet fragments into private ecosystems. niche communities curated by AI become the real web. public feeds feel like Times Square; private groups feel like homes!! 32. the first fully autonomous startup launches within 3 years. no employees, no meetings, no deadlines, just connected agents generating profit. insanity. 33. we are living through the great compression. timelines that used to unfold over decades now happen in months. this is the closest thing to a gold rush most people will ever see. 34. people will look back on 2026–2029 the way we look at the early internet. the difference is you don’t need permission, capital, or credentials. you just need to build something people actually care about. 35. mobile consumer apps feel alive again. they talk back, remember you, and evolve with you. static interfaces begin to feel prehistoric. 36. the next decade of wealth will belong to people who understand three things: distribution is leverage, taste is strategy, and AI is infrastructure. im tired because i havent slept but wired because... THIS IS THE BEST TIME IN HISTORY TO BUILD. our future will look very different than our past/present. life as we know it changing. i hope you get some sleep.

$IREN vs $NBIS: Location, Location, Location