Elon’s Tweetstorm Gets Cross-Examined, Qualcomm Kills the App Economy

Hey there Folks,

In this evening’s edition, Elon’s Twitter “mind games” return to haunt him in court, investors accusing him of tweeting the stock into the ground, and Qualcomm preparing to unleash an army of AI assistants.

Let’s get started…

-“Did I manipulate the stock?” -Elon Musk, probably while scrolling memes during cross-examination.

Remember the little blue bird (read: Twitter) that Elon grabbed by the neck in 2022, renamed X, and then loosely merged with a rocket manufacturer rumored to shatter IPO records?

Yeah… that saga isn’t done yet. Because very soon, Musk may have to explain to a judge why the $44 billion Twitter deal didn’t involve him playing stock-price ping-pong with investors.

Back in April 2022, the EV wizard announced he’d buy Twitter for $54.20 per share (which got an immediate “holy overpay” reaction). Wall Street assumed the deal was locked.

Then things got weird. Musk started tweeting about bots and generally behaving like Michael Scott right after signing the condo mortgage… only for Dwight Schrute to explain he won’t have it paid off until he’s a grandpa. 

In other words: a brutal case of buyer’s remorse.

Naturally, this caused Twitter shares to fall 35-40% below Elon’s offer price.

Well, guess what? Investors claim Musk was deliberately trashing the platform to push the price down and pressure the board into renegotiating the deal. Their argument: some shareholders sold early below $54.20 because they thought Musk might bail.

Translation: “Your stupid tweets made me lose my shirt… and you’re now the richest man in the world. Tell that man to bring me my money.”

Shockingly, Musk’s lawyers say that’s nonsense and that he never intended to harm investors.

Don’t forget, Musk did try to walk away from the deal completely at one point. Twitter responded the way any company would when $44 billion is on the line: they sued him immediately in Delaware.

That courtroom showdown never happened because Musk eventually folded and bought the company at the original price.

Cue the weird rebrand.

Twitter became X. The social network merged with Musk’s AI startup xAI. And then somehow got stapled onto SpaceX… the rocket company that also runs Starlink.

Private investors now value the Musk ecosystem around $1.25 trillion… which is either brilliant corporate synergy or the most chaotic org chart in human history.

But the legal fun doesn’t stop there.

Because the SEC also has a few questions. Regulators claim Musk violated disclosure rules by waiting too long to reveal his growing Twitter stake before launching the takeover bid.

In the SEC’s world, that’s a “gotcha b****” moment.

In Elon’s world… deadlines are more of a suggestion between meme posts.

So now the guy who turned Twitter into X and welded it onto an AI startup and a rocket company faces a simple question:

Was it stock manipulation…

Or just Elon having an indecisive moment?

-Tech Bros: This whole Claudebot obsession is just a trend… it will fade away like every other gimmick…

Qualcomm CEO: Hold my beer AI Agent…

With all the talk about the war (and rightfully so)... I figured why not take a 2 minute breather and cover something that’s not getting near enough the attention it deserves… Artificial Intelligence (chill out, it’s just a joke).

But seriously, according to one man… this next phase of the AI circus is about to make what we’ve seen the last three years look like the Stone Ages.

This week at the mobile industry’s biggest annual gathering (Mobile World Congress Barcelona), Cristiano Amon, the CEO of Qualcomm, stepped on stage and dropped a prediction that proves the next generation of the human race is guaranteed to be dumber and more distracted than ever.

2026 will be the year of the AI agent.

And no… he doesn’t mean another chatbot that tells you to “check your Wi-Fi connection.”

According to Amon, we’re about to shift from today’s smartphone-centric, app-obsessed world to something entirely different: an agent-centric ecosystem. Translation: instead of opening 15 different apps to get things done, your AI assistant will just… handle it.

Need dinner reservations? Your AI agent books the table. Flight delayed? Your AI agent rebooks the ticket. Low on groceries? Your AI agent places the order before you even notice you’re out of eggs.

As Amon put it during the keynote: “The agent becomes the center. They don’t only respond to you. They observe, they interpret, they act.”

Which is a weird way of saying our world is about to imitate that Pixar movie Wall-E… the one where humans weigh 500 pounds and are enslaved by their technology addictions. Exciting stuff right?

Obviously, Cristiano wasn’t giving this TED Talk just to make everyone question the meaning of life. The man also had a product to sell.

To kick off the incoming AI agent takeover, Qualcomm unveiled a brand-new chip: the Snapdragon Wear Elite… built to cram legit AI processing power into tiny wearable gadgets.

Think smart glasses, AI-powered headphones, wearable cameras, pendants, watches, even little pins. In other words, your entire outfit is about to become a network of tiny spies feeding data to your personal robot assistant.

And Qualcomm isn’t doing this alone. Samsung, Alphabet, and Lenovo have already committed to building products powered by the chip, with the first wave expected to hit shelves this summer.

Meanwhile Lenovo is cooking up its own AI butler called Qira. According to Lenovo exec Luca Rossi, the future of computing won’t revolve around apps anymore… it’ll revolve around intent.

So yes… the humble smartphone may finally be losing its throne after 15 years of dominance.

Having dabbled with some AI agents myself, I have my doubts about how useful this will actually be.

But hey… if the AI agent can finally schedule a dentist appointment without making me call a receptionist like it’s 1997… I’m willing to hear it out.

The Team at Bullseye Trades