Kraken parent company Payward agrees to acquire Bitnomial, a digital asset derivatives platform, for up to $550M in cash and stock

Joseph Carlson / @joecarlsonshow: Today follows the long-held and respected tradition of Netflix putting out a banger earnings report and the stock dropping 10%. We must respect the tradition, as the stock will inevitably grind back to all-time highs in the coming months. I agree Meta is cheaper today on earnings. But to add some context to this. Netflix has direct control over their EPS, they can increase it or decrease it any time, like turning a spigot...Netflix will not be increasing content spend by $3 billion every year. They are very likely to do a big jump up in spending one year, then hold more in that area for a while, causing operating leverage to kick in and EPS to jump.