Snapshots That Wow!

Tech no longer equals asset light!

"To meet the growing demand signal for our AI and Cloud products, we will scale our infrastructure investments with FY25 capital expenditures expected to be higher than FY24." – Amy Hood, CFO

Last week we saw a similar trend in capex by Google as well.

Source :Quartr

From risk factor to the driver!

Blinkit GOV has gone 4x in 2 years. At the time of being acquired by Zomato there was immense scepticism around the future of the business. Today, with ‘adjusted’ EBITDA breakeven being achieved in the business, this has been the greatest delta in the earnings for the co.

Source: Zomato, Tijori

No marks for Marx!

In 1980, Venezuela was the richest country on a GDP per capita basis in the South American continent. However the socialist country riddled with corruption and quasi dictatorship has seen zero movement in its GDP per capita where as every other country in the continent has seen a move up.

Source: @MichaelAArouet

Jobs too see a down round scooting around!

The US June and May jobs reports were just revised lower by an additional 29,000 jobs.

5 out of the last 6 jobs reports have now been revised LOWER. In fact, 10 out of the last 14 jobs reports have now been revised lower.

Not only is the unemployment now at a 3-year high, but down revisions are the new normal.

Source: Kobeissi Letter

Do we really need humans?

Source: Bank of America

Perfect Shot

I“Brazil's Gabriel Medina reacts Monday after getting a large wave in the fifth heat of the men's surfing third round of the Paris Olympic Games in Teahupo'o, on the French Polynesian Island of Tahiti.”

French action sports photographer Jerome Brouillet captured the image for Agence France-Presse and there couldn’t have been a more perfect shot.