Archive - Accrued Interest

The Street Missed the Q1 Signal: Why Meta’s AI Engine is Worth Every Penny

The market panicked yet again over CapEx, but the $META ad machine is accelerating.

Apr 30 • Simeon McMillan

Spotify ($SPOT) Q1 2026 Earnings: The Audio Illusion Unravels

Why 70% of new users are "empty calories" and the 33x multiple is a dangerous trap.

Apr 28 • Simeon McMillan

Meta Enters the Living Room, Amazon Aggregates Oprah, and Spotify's Fitness Pivot (Accrued Interest Update 4-27-26)

$META, $AMZN, $SPOT, $PTON

Apr 27 • Simeon McMillan

Accrued Interest Weekly Cypher: Apr-26-26

Vol. 3 — 2026

Apr 26 • Simeon McMillan

Comcast's Pay-TV Bleed and YouTube's Sofa Change (Accrued Interest Update 4-23-26)

Legacy media ignores the cord-cutting reality, while SiriusXM helps Big Tech sweep up the spare change.

Apr 23 • Simeon McMillan

Adobe’s Smoke Screen and the Warner Bros. Reality Check (Accrued Interest Update 4-22-26)

On the hollow promise of financial engineering and rewarding the $500 million failure of legacy media’s old guard.

Apr 22 • Simeon McMillan

AI Tracking Employee Keystrokes Validates Meta Bull Case

Why Deep Cuts Are the Real Supercycle

Apr 21 • Simeon McMillan

A Melting Ice Cube on Trial: Breaking Down the Nexstar-TEGNA Injunction

How a 52-page federal court order just blew up the industry's favorite growth strategy and trapped a highly-leveraged giant.

Apr 20 • Simeon McMillan

The Mispriced Victor: Why I’m Reaffirming My $120 Netflix Target

Q1 revenue grew 16.2% despite a quiet content slate and Olympic headwinds. This isn't a slowdown; it’s a masterclass in pricing power.

Apr 17 • Simeon McMillan

Google Drops the Halo, Ad-Tech Desperation at OpenAI, and Roku’s 100 Million Milestone

Apr 16 • Simeon McMillan

Disney’s Reality Check and Uber’s Lucid Deal (Accrued Interest Update 4-15-2026)

Apr 15 • Simeon McMillan

Gulf Capital Cannot Save Paramount, Einhorn is Dead Wrong on Versant, and Nielsen Caved to Streamers (Accrued Interest Update 4-14-2026)

$PSKY, $WBD, $VSNT, $CMCSA

Apr 14 • Simeon McMillan

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