Blockbuster Video launched in 1985 and went on to dominate the video tape rental business. There was a Blockbuster in every town. Before Blockbuster, video rentals was a mom-and-pop business. Do you remember the old independent video stores?

The cloud is easy to rent and hard to verify. Blockchains are easy to verify and hard to rent. JAM is designed to give you both: 341 cores that anyone can rent and the network verifies. Rent it like the cloud, trust it like a blockchain.

A black woman in York, Pennsylvania, said she was “personally offended” that officials called violent porch attackers "uncivilized". ⠀ The Fox 43 meeting covered the Sept. 12 beating on the 300 block of West Jackson Street. York College of Pennsylvania students were on their rental porch when a street-race crowd moved onto the grass. ⠀ A victim told Fox 43 they asked the crowd off the property after a racer smashed a parked car by the firehouse. “After the first punch was given, all these girls started to rush us.” ⠀ “I turn and see my friend get dragged by her hair down our porch steps and disappear. My other friend got dragged by her hair.” Another student said she was dragged to a stop sign and kicked by a pack while she tried to hold her top up. ⠀ She blacked out when she was kicked in the ribs and again when she was hit in the head. “I was encircled by probably 30 people by myself getting video recorded while getting punched and kicked from every angle.” ⠀ Video showed a blonde student ripped off the porch. Many of the attackers on tape are black. Three juvenile girls have been charged. Officials said the injuries met the legal definition of bodily injury and were not life-threatening. ⠀ Students said they called 911 five times and that police arrived after the beating. York College said the people who started the fight were not students and offered the women beds on campus. ⠀ At the meeting the woman said, "To me, that feels like you're saying that the juveniles in this incident are uncivilized, and I am personally offended by that analogy." ⠀ She asked what the college would do to check the behavior of the white students living off campus. Yep - she actually tried to blame the white kids for the violence of the black attackers. And the media gave her a platform. ⠀ #York# #Pennsylvania#

Today Meta $META hinted it might rent out spare computing power, and its value jumped about 98-100 billion dollars in a single morning, roughly twice the entire market value of CoreWeave, the company Meta just signed a 21 billion dollar deal to buy computing power from. The buyer is turning into the seller, and the market cheered. The trigger was a Bloomberg report, which Meta has not confirmed, that it is building a cloud business called Meta Compute to rent access to its data centers and its own AI models. No product, no price, no launch date. On the rumor alone the stock rose as much as 10 percent while the pure rental firms cratered, CoreWeave down 13 percent, Nebius down 15. The strange part is that Meta is still one of the largest buyers of compute on earth, spending roughly 130 billion dollars this year, close to double last year, with active deals to buy far more. It is not drowning in spare machines. It is floating the idea of selling a few to help justify buying the rest. Which tells you what the market actually bought today. Not a product. Relief. A first hint that all that spending might one day earn something back. And it lit up the circularity now running underneath the entire trade. Meta buys compute from CoreWeave. CoreWeave borrows against more than 50 billion dollars in liabilities to buy the Nvidia chips it rents out. Musk's xAI rents its Memphis data center to Anthropic. The same chip, the same server, gets booked as revenue two and three times as it moves around the loop. So when a buyer this size starts talking about selling, an uncomfortable question sits under the rally. If the biggest customers turn into suppliers, what holds up the scarcity that made all of this worth so much? CoreWeave shedding a tenth of its value on a rumor is the market beginning to ask. One number should stop you. Meta added more value in a single morning, on a report it would not even confirm, than CoreWeave is worth in full. Nobody was pricing a launch. They were pricing hope, that one of the most expensive spending races companies have ever run might finally sell something more than a promise. The buildout is not slowing. What changed today is that its biggest spenders admitted, out loud, that they now need to sell the shovels to keep funding the dig. Wild times!

On 19 Oct I called $146 SpaceX a blessing from the heavens. Since then SpaceX beat Q3 revenue by almost $1.9B, booked $4.40B of net income and guided $33-37B of revenue for ONE quarter. And right now you can buy it at $141. Cheaper than the day I said it. Here is why I think this is the gift of the year. 1. You're getting IPO prices SpaceX IPO'd at $135 on 11 Jun. Today it's 4.4% above that, almost 5 months later. Revenue grew 87% in one quarter in between. The price basically didn't move. 2. It owns the road to space Elon says SpaceX carries almost 90% of everything that goes to orbit. Vulcan has been grounded since February. New Glenn exploded in May. There is no second road. You get it at the IPO price. 3. It sells the only scarce things left Compute and power. 1.7 GW at 30 Sep. 2.5-3 GW guided by year end. Elon expects at least 13 GW by the end of 2027. The CFO says new compute is pricing slightly above the high end of $30-50 a watt. 13 GW at $50 a watt is $650B a year. 4. Every AI winner pays SpaceX Anthropic is reportedly aiming for $1.5-2T. Its own S-1 says it rents up to $120.5B of compute from SpaceXAI. Google signed up to pay SpaceX $920M a month. Whoever wins AI, the rent goes to the same landlord. 5. SpaceX gets the cheap money Oracle just paid up to 8.65% on $10B of bonds and sold $10B of new stock at $116. SpaceX's bonds pay 5.35-6.65%. SoftBank has $64.6B stuck in a private OpenAI. You can buy SpaceX with one click. 6. The calendar is clean No unlock until 8 Dec. That's 35 days. 8 unlocks so far. Green the next day 8 of 8. Elon owns about 45% of the shares and can't sell one until 12 Jun 2027. 7. The math At $141 SpaceX is a $1.91T company. The Q1 guide alone annualises to $132-148B. 39 analysts, average target $257.11. 31 of them say buy. $1,000 in right now becomes: $1,755 at the median target $1,823 at the average $2,128 at Morgan Stanley's $300 ~$52,220 at $100T The bears needed one close under $135 to call it broken. They got $134.72 for exactly one day lol. My read: in 5 years nobody will believe you could buy the road to space and the landlord of AI at the IPO price. That's the blessing. Most people will only see it in the rear view mirror. $100T is a matter of time. $SPCX

Sophie Rain says she’s terrified after her stalker went missing from an Indiana crisis center, after he claimed they share a “blood oath” & had planned to return to Florida to “be with” her. He was previously arrested after breaking into her rental and was found shirtless inside

Republicans keep failing working families at the kitchen table. After causing your prices to skyrocket on healthcare, groceries, rent, fuel and more, they refuse actions to bring your costs down. But we don’t agonize, we organize and we will VOTE THEM OUT in a #BlueWaveIn50Days#!

We all want to build wealth, but our reasons look very different. Some chase the vacation villas, a Blu Nethuns Lamborghini Revuelto, the $10,000 Rolex on the wrist, or the first-class upgrades. That’s fine. But that’s not what keeps me up at night. The world is moving faster than ever. Buying a home isn't what it was 30 years ago. A single-income household is often just one bad break away from the edge. I don’t grind just for my own comfort. I work for my kids. I want to know that long after I’m gone, they won't be lying awake wondering how they’re going to cover rent next month. That’s my why. What’s yours?

‘Credit Is Breaking’: Danielle DiMartino Booth on the Margin Call That Hit Gold The AI boom is carrying the U.S. economy, but Danielle DiMartino Booth @DiMartinoBooth says it’s leaving most households behind. By her count, more than 100% of GDP growth is now coming from the AI trade, and without it the economy “looks kind of like an EKG that flat lines.” Families, she says, are spending what they have on rent, healthcare, gas and groceries. The former Dallas Fed adviser, now CEO and chief strategist of QI Research, tells Kitco News anchor Jeremy Szafron at the New Orleans Investment Conference that #gold’s# Oct. 30 drop alongside tech stocks “tells you margin call.” In a credit upset, she argues, precious metals are one of the few places to hide. She sees the cracks forming in credit first, from a private credit market she calls a “black box” to the 82% of hyperscaler debt she says sits off balance sheets, and she puts the bankruptcy cycle at recessionary levels. Special thanks to our sponsor, @DakotaGoldCorp, for making this coverage possible.