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Gary Black, managing partner, investor at The Future Fund, highlights that Netflix shares dropped 7.7% after hours following the company’s second quarter results and disappointing guidance for the third quarter and full-year 2026.
He notes that management attributed the weaker outlook to the 2026 Winter Olympics and World Cup, while investors remain concerned about the lack of new content on the platform.
Black has previously noted that U.S. stocks slipped after weak Samsung earnings weighed on AI chip stocks and lifted Brent crude prices. He has also compared valuations, stating that investors pay 150x 2026 EV/EBITDA for SPCX, while NVDA trades at 19x for 2026. His commentary frequently tracks investor responses to earnings and forward guidance.