Dan Dolev

Robinhood is the Charles Schwab for the young generation, with a long-term opportunity to cross-sell more financial services to its 27 million funded accounts; one weak quarter does not change the multi-year growth story.

Visa's consumer spending remains resilient, the company 'hulk smashed' Q1 earnings and raised guidance, proving that macro fears around private credit and consumer weakness are overstated. They are taking the other side of bearish sentiment.

Block (SQ) announced a 50% workforce reduction, citing AI efficiency, causing the stock to surge ~20%. While Dolev believes this is partly "trimming post-pandemic bloat," the market is rewarding the narrative of "AI replacing labor." This creates momentum. Jack Dorsey is historically early to trends; this signals a structural margin improvement. LONG SQ as a beneficiary of aggressive cost-cutting and AI narrative adoption. Cutting too deep could damage product innovation; "human touch" is still needed in payments.