According to Gary Black, Netflix (NFLX) has emerged as the buyer of Warner Bros. Discovery (WBD) with a cash/stock offer valued at $27.75 per share, financed with an 85% cash and 15% stock mix. Source: Gary Black on X. According to Gary Black, dilution to NFLX is expected to be minimal, with an estimated after-tax cost of debt near 4.0%, current after-tax cash returns on acquired assets of 5.0–5.5%, and management cost synergies projected at $2–$3 billion per year. Source: Gary Black on X. According to Gary Black, offsetting the $82.7 billion enterprise value (including assumed net debt) would require roughly a $1.50 per month price increase per Netflix subscriber over a 10-year asset life. Source: Gary Black on X. According to Gary Black, the transaction is expected to close in 3Q 2026 after a spinoff of WBD’s global networks division and be accretive to NFLX GAAP EPS by year two. Source: Gary Black on X; Netflix company announcement linked by Gary Black. According to the source, neither the analysis nor the company announcement mention cryptocurrencies or tokenization, so no direct crypto market impact was stated. Source: Gary Black on X; Netflix company announcement.

According to @garyblack00, legacy automakers will allow their EVs to charge on Tesla’s Supercharger network but will not cede control of full self-driving capabilities to Tesla, positioning EVs and unsupervised autonomy as table stakes for remaining competitive, with each manufacturer developing its own EV and autonomous stack. Source: @garyblack00 on X, Nov 25, 2025. According to @garyblack00, the delineation implies collaboration on charging interoperability but competition on autonomy control, which frames investor focus on charging access rather than Tesla taking control of third-party autonomy systems; no direct crypto or blockchain market linkage was cited. Source: @garyblack00 on X, Nov 25, 2025.

According to @garyblack00, NVDA is down 3.5% pre-market after reports that META is in talks to spend billions on Google’s new TPU AI chips for 2027 data center deployments (source: @garyblack00). According to @garyblack00, the potential agreement would establish TPUs as a viable alternative to Nvidia’s GPUs that currently power leading AI platforms from Meta to OpenAI, implying rising competitive pressure on NVDA’s AI compute dominance (source: @garyblack00). According to @garyblack00, GOOG is up 4.2% pre-market after announcing last month a deal to supply up to 1 million chips to Anthropic, underscoring longer-term headwinds to Nvidia’s market position as customers diversify AI hardware suppliers (source: @garyblack00).

According to @garyblack00, this has been the worst week for crypto since the April tariff tantrums, source: @garyblack00. According to @garyblack00, Bitcoin (BTC) is on track for its worst monthly performance since 2022, shedding about a quarter of its value in November, source: @garyblack00. According to @garyblack00, BTC’s volatility and lack of cash flow make it unsuitable as a safe haven, while gold continues to trade near record highs, source: @garyblack00.

According to Gary Black, the S&P 500 posted a 3.6% intraday reversal, the biggest since April, while multiple Fed speakers continued to talk down the prospect of another 25 bp cut in December; a stronger September employment gain of 119K, the highest since April, cemented a no rate cut outlook for December. Source: Gary Black, Nov 20, 2025.

According to Gary Black, TSLA fell 5.4% today and 2.1% yesterday as analysts reduced both short- and long-term earnings estimates amid weak Tesla EV demand in China and Europe (source: Gary Black on X, Nov 13, 2025). He adds that earnings from robotaxi and the Optimus humanoid will take time to materialize, limiting near-term support to EPS and valuation multiples (source: Gary Black on X, Nov 13, 2025). He also notes that ARKK fund selling is adding incremental pressure to TSLA, reinforcing near-term headwinds for the stock per his view (source: Gary Black on X, Nov 13, 2025).

According to @garyblack00, ONON jumped 21% after a strong Q3 beat with net sales at CHF 794.4M (+25% YoY) versus CHF 767.5M estimated, adjusted EBITDA at CHF 179.9M versus CHF 144M estimated, gross margin at 65.7% versus 60.6% estimated, and EPS at CHF 0.36 versus CHF 0.22 estimated; management noted minimal tariff impact and continued brand expansion into apparel, source: @garyblack00. According to @garyblack00, regional and channel breakdown showed EMEA net sales CHF 213.3M versus CHF 201.8M estimated, Americas CHF 436.2M versus CHF 442.3M estimated, Asia Pacific CHF 144.9M versus CHF 124.6M estimated, direct-to-consumer CHF 314.7M versus CHF 304.6M estimated, and wholesale CHF 479.6M versus CHF 459.5M estimated, source: @garyblack00. According to @garyblack00, FY 2025 guidance was raised to net sales CHF 2.98B (+34% YoY) versus prior +31% YoY and versus 32.7% estimated, gross margin 62.5% versus prior 60.5%–61% and versus 61.0% estimated, and EBITDA margin above 18% versus prior 17%–17.5% and versus 17.5% estimated, source: @garyblack00. According to @garyblack00, CEO and CFO Martin Hoffman said demand remains incredibly strong, validating pricing power and a full-price strategy, positioning the brand for a competitive holiday season, source: @garyblack00. According to @garyblack00, the source does not reference any direct cryptocurrency market linkage or BTC/ETH impact, source: @garyblack00.

According to @garyblack00, ONON rose 21% after a decisive Q3 beat and guidance raise driven by strong Asia-Pacific performance (source: @garyblack00). Q3 results topped estimates across key lines: net sales CHF794.4M vs CHF767.5M est (+25% YoY), adj EBITDA CHF179.9M vs CHF144M est, gross margin 65.7% vs 60.6% est, and EPS CHF0.36 vs CHF0.22 (source: @garyblack00). Regional and channel detail showed APAC CHF144.9M vs CHF124.6M, EMEA CHF213.3M vs CHF201.8M, Americas CHF436.2M vs CHF442.3M, DTC CHF314.7M vs CHF304.6M, and wholesale CHF479.6M vs CHF459.5M (source: @garyblack00). Management raised FY25 guidance to net sales CHF2.98B (+34% YoY) vs 32.7% est, gross margin 62.5% vs prior 60.5%–61% and 61.0% est, and EBITDA margin >18% vs prior 17%–17.5% and 17.5% est, reinforcing a beat-and-raise setup favored by momentum traders (source: @garyblack00). CEO and CFO Martin Hoffman cited robust demand, pricing power, and a full-price strategy as tailwinds into the holiday season, supporting sustained margin strength near term (source: @garyblack00). For crypto traders tracking cross-asset risk, IMF research documents higher post-2020 correlations between BTC and equities, meaning risk-on equity moves can coincide with crypto strength (source: IMF, Crypto Prices Move More in Sync with Stocks, Jan 2022).

According to @garyblack00, the next major TSLA catalyst is removing safety monitors from roughly 150 Robotaxis, a step he says would signal imminent scale-up with Elon Musk targeting Austin, Texas by year-end (source: @garyblack00). Community FSD tracking shows v14.x nearing ~4,000 miles per critical disengagement, about 10x v13.x across ~1,100 participants, highlighting improving reliability for trading models and risk assessment (source: teslafsdtracker.com; @garyblack00). He adds that other players including BIDU, PONY, WRD, and GOOG may reach unsupervised autonomy, and he states GOOG is already operating at that level in certain contexts, which could shape relative positioning trades across AV equities (source: @garyblack00). For traders, the concrete triggers to watch are confirmed removal of safety monitors in Austin and sustained v14.x reliability gains as tracked by the community dataset, which he frames as indicators of scale-up readiness (source: @garyblack00; teslafsdtracker.com). Crypto market impact: the source provides no direct crypto linkage (source: @garyblack00).

According to @garyblack00, U.S. House members return to Washington today to vote on ending the federal government shutdown (source: @garyblack00). According to @garyblack00, weak late-October ADP data indicated further labor-market softening, pushing market-implied odds of a December Federal Reserve rate cut to 69% (source: @garyblack00). According to @garyblack00, NVDA Taiwanese supplier Foxconn stated revenue from AI server production is set to nearly double from Q3 to Q4 due to intense demand (source: @garyblack00).

According to @garyblack00, Tesla’s October global volumes are down an estimated 30-35% year over year, challenging the bull narrative that pivots to unsupervised autonomy and humanoid robots instead of core EV execution, source: @garyblack00. According to @garyblack00, over 70% of TSLA profits still come from EVs and BYD is the only other automaker profitably scaling EVs, underscoring that fundamentals remain EV-centric, source: @garyblack00. According to @garyblack00, autonomous ride‑sharing is a commodity business where Chinese leaders such as Baidu, Pony.ai, and WeRide are already delivering roughly 450,000 paid fully autonomous rides per week and plan to license their tech broadly, source: @garyblack00. According to @garyblack00, most sell‑side models assign less than 5% of 2030 revenue to robotaxi and almost none to humanoid robots, making TSLA’s 200x+ forward P/E difficult to justify in a crowded autonomy market, source: @garyblack00. According to @garyblack00, traders should consider downside multiple risk for TSLA and potential relative strength in China AV‑exposed names like BIDU while monitoring spillover to high‑beta risk sentiment including BTC and ETH during TSLA headline volatility, source: @garyblack00.

According to @garyblack00, Senate Democrats agreed to end what he describes as the longest U.S. government shutdown in history, driving a pre-market surge in stocks, which he attributes to the progress toward reopening the government (source: @garyblack00). According to @garyblack00, eight Democrats including Senate Minority Leader Chuck Schumer crossed party lines to join Republicans in advancing a bill to reopen the government (source: @garyblack00). According to @garyblack00, the agreement would provide full-year funding for the Departments of Agriculture, Veterans Affairs, and Congress, while funding other agencies through January 30, restoring pay for furloughed federal workers, resuming withheld federal payments to states and localities, and recalling laid-off agency staff (source: @garyblack00). According to @garyblack00, a full Senate vote is expected tomorrow, followed by a House vote on Wednesday, with the government likely to reopen Friday if both chambers pass the bill (source: @garyblack00). According to @garyblack00, House Speaker Mike Johnson plans to give lawmakers two days’ notice to return, and the plan excludes an extension of Affordable Care Act subsidies, though a separate vote was pledged with uncertain prospects (source: @garyblack00). According to @garyblack00, the source did not specify any direct crypto market impact even as equities rose pre-market, leaving crypto traders to monitor developments around the cited vote windows for potential risk sentiment shifts (source: @garyblack00).

According to Gary Black, pre-market bargain hunters rotated into beaten-up tech shares after concerns that the AI-fueled rally since April had overshot, signaling a risk-on tone into the open; source: Gary Black on X, Nov 7, 2025. TSLA shareholders approved a potential 1 trillion dollar pay package for Elon Musk with more than 75 percent of votes in favor, removing an overhang on the stock and improving near-term sentiment for momentum strategies; source: Gary Black on X, Nov 7, 2025. He noted markets are flying partly blind due to limited economic data during an extended US government shutdown, leaving the path for interest rates unclear and complicating risk positioning; source: Gary Black on X, Nov 7, 2025. On valuation, he stated the S&P 500 trades at 22.0 times forward earnings, implying a 4.5 percent forward earnings yield versus a 4.1 percent 10-year Treasury yield, within the range of historic equity risk premiums, tempering fears of stretched multiples; source: Gary Black on X, Nov 7, 2025. For crypto exposure, traders can monitor BTC and ETH for potential spillover from tech-led risk appetite and evolving rate expectations highlighted above, aligning positioning with shifts in macro-liquidity sentiment; source: Gary Black on X, Nov 7, 2025.

According to Gary Black, bargain hunters stepped in pre-market to buy beaten-down tech shares after worries that the AI-fueled rally since April had overshot, signaling risk appetite returning before the open (source: Gary Black @garyblack00 on X, Nov 7, 2025). According to Gary Black, TSLA shareholders approved a potential $1 trillion compensation package for Elon Musk, with more than 75% of votes in favor, removing an overhang on the stock that had weighed on sentiment (source: Gary Black @garyblack00 on X, Nov 7, 2025). According to Gary Black, markets are operating with limited clarity due to scarce economic data during the longest U.S. government shutdown in history, leaving the interest-rate path unclear; he believes Congress will agree to end the shutdown before Thanksgiving (source: Gary Black @garyblack00 on X, Nov 7, 2025). According to Gary Black, equity valuations remain defensible: the S&P 500 trades at 22.0x forward earnings, implying a 4.5% forward earnings yield versus a 4.1% 10-year Treasury yield, consistent with historical equity risk premiums over the past 60 years (source: Gary Black @garyblack00 on X, Nov 7, 2025).

According to @garyblack00, Polymarket assigns a 91% probability that Tesla (TSLA) shareholders will approve Elon Musk’s new pay package today, offering a market-implied benchmark for traders tracking this vote, source: Gary Black on X (Nov 6, 2025).

According to @garyblack00, TSLA is having a lousy day ahead of Tesla’s highly anticipated shareholder meeting (source: @garyblack00). He expects shareholders will overwhelmingly approve Elon Musk’s proposed compensation plan and describes the alternative as unthinkable (source: @garyblack00). His commentary highlights the shareholder meeting and compensation vote as the immediate catalysts for TSLA trading sentiment (source: @garyblack00).

According to @garyblack00, DoorDash shares fell 18% after hours as Q3 results showed beats on gross order volume at $25.0B vs $24.6B estimated, orders at 776M vs 770.6M estimated, revenue at $3.45B vs $3.36B estimated, adjusted EBITDA at $754M vs $750M estimated, but EPS missed at $0.55 vs $0.68 estimated, and free cash flow printed $723M vs $708M estimated (source: @garyblack00). According to @garyblack00, Q4 guidance calls for gross order volume of $28.9B–$29.5B vs $26.4B estimated and adjusted EBITDA of $710M–$810M vs $802M estimated (source: @garyblack00). According to @garyblack00, management expects to invest several hundred million dollars more in new initiatives and platform development in 2026 than in 2025, and the Deliveroo acquisition will contribute $32M–$40M less to 2026 EBITDA due to accounting differences, with the conference call at 5 pm ET (source: @garyblack00). According to @garyblack00, the update contains no reference to cryptocurrency exposure or impact (source: @garyblack00).

According to Gary Black, the TSLA FSD community tracker shows FSD v14 at 1,677 miles per critical disengagement, source: Gary Black on X (Nov 1, 2025) https://twitter.com/garyblack00/status/1984682908393541892 and Elias Martinez on X https://x.com/eliasmrtnz1/status/1984680253806031110. Gary Black characterized this as a huge step-up versus v13, highlighting a notable reliability gain tracked by the community, source: Gary Black on X (Nov 1, 2025) https://twitter.com/garyblack00/status/1984682908393541892.

According to Gary Black, NFLX has rallied above the level where he previously argued the market overreacted to a one-time Brazilian tax settlement that drove a Q3 earnings miss, implying the event should be backed out of forward models for assessment of intrinsic value and multiples, source: Gary Black on X, Oct 31, 2025. He reiterates that for dominant franchises executing on revenue, investors should exclude non-recurring items when evaluating future earnings power, applying the same framework to META after recent developments, source: Gary Black on X, Oct 31, 2025. He adds that stock splits typically signal management’s confidence in forward prospects, aligning with his constructive view on the outlook for both NFLX and META, source: Gary Black on X, Oct 31, 2025. Crypto market impact: the source provides no direct crypto linkage; any read-through would be limited to general risk sentiment cues rather than token-specific catalysts, source: Gary Black on X, Oct 31, 2025.

According to Gary Black, Nvidia shares rose about 3.2 percent in premarket trading to 208 dollars, putting the company near a 5 trillion dollar market capitalization. According to Gary Black, the move is driven by speculation that Donald Trump will allow Nvidia to resume exporting AI chips to China as part of a broader U.S.-China trade deal expected to be discussed Thursday. According to Gary Black, Trump said in pre-meeting remarks he will discuss permitting exports of a downgraded version of Nvidia’s Blackwell AI processor to China. According to Gary Black, such approval would be a major win for Nvidia by market value, a concession to Beijing, and a reversal of efforts to curb China’s AI capabilities, while Nvidia currently exports no AI chips to China. According to Gary Black, the source did not provide any direct implications for the cryptocurrency market.