- Accessories
- Accommodation
- Accounting
- Airline
- Amusement Park
- Analytics
- Appliances
- Art
- Auction site
- Automotive
- Bank
- Beauty
- Bike Rental
- Biotechnology
- Books
- CRM
- Call center software
- Cameras
- Cards
- Chrome plugin
- Cleaning Products
- Clothing
- Coffee
- Collaboration
- Community
- Contact lenses
- Coolers / Tumblers
- Crowd funding
- Cryptocurrency
- Customer support
- Dating
- Department store
- Design tools
- Developer tools
- Digital printing
- Dining / Restaurant
- Direct to consumer
- Domain names
- Drinkware
- E-commerce
- E-commerce store builder
- Education
- Electronic signatures
- Electronics
- Email Service Provider
- Email marketing
- Entertainment
- Event management
- Eyewear
- Fashion
- Finance
- Fitness
- Flight comparisons
- Food & Beverage
- Food delivery
- Form builder
- Fragrance
- Freelancer tools
- Furniture
- Game
- Gaming
- Gifts
- Glasses
- Greetings cards
- Groceries
- Hair
- Health
- Hiring
- Home & Garden
- Hotel comparison
- Hotels
- Insurance
- Investing
- Jewelry
- Kitchen
- Landing page builder
- Language learning
- Linens
- Lingerie
- Live chat
- Luggage / Cases
- Makeup
- Marijuana delivery
- Marketing
- Marketplace
- Mattress company
- Meal delivery kits
- Media
- Messaging
- Museum
- Music
- Musical Instruments
- NFT
- News
- No-code
- Nonprofit
- Nutrition
- Online courses
- Online-course-platform
- Outdoor
- Password manager
- Payments
- Performing Arts
- Personal Finance
- Pets
- Pharmacy
- Photography
- Podcast Hosting
- Podcasts
- Productivity
- Project management
- Property
- Proposal software
- Publisher
- Real estate
- Reviews
- Ride sharing
- Running
- SEO
- SaaS
- Sales tools
- Scooters
- Shoes
- Skincare
- Social network
- Software
- Sportsware
- Subscription boxes
- Sustainable Living
- Swimwear
- T-shirt Printing
- Talent
- Telco
- Toys
- Trains
- Transport
- Travel
- Underwear
- VPN
- Video Maker
- Video hosting
- Video streaming
- Voucher/Coupon Sites
- Watches
- Web hosting
- Website builder
- Workforce management
- Writing
- & Other Stories
- &Open
- 1 Hotels
- 1&1
- 1Password
- 3dcart
- 6pm
- A.C. Moore
- ANNA by RadLabs
- ASOS
- AT&T
- AVI-8
- AYR
- Abercrombie
- Accessorize
- Ace Hardware
- ActiveCampaign
- Acura
- Acuvue
- Adapt
- Adidas
- Agolde
- Airbnb
- Aircall
- Airtable
- Alaska Air
- Aldi
- All Saints
- Allbirds
- Almabase
- Along
- Aman Resorts
- Amazon
- Ambronite
- American Airlines
- American Apparel
- American Civil Liberties Union
- American Girl
- American Red Cross
- Anchor
- Animoto
- Ann Taylor
- Anthropologie
- Antidote Street
- Apollo Theater
- Apple
- Architectural Digest
- AriZona
- Aritzia
- Armani
- Armani Exchange
- Armogan
- Asana
- Asphalt Green
- Astley Clarke
- Athletic Brewing
- Auberge Resorts
- Audemars Piguet
- Audi
- Auverture
- Away
- BBC iPlayer
- BECCA Cosmetics
- BMW
- Baby Brezza
- Baremetrics
- Barnes and Noble
- Barton Perreira
- Basecamp
- Bath & Body Works
- Beans
- Bearbottom Clothing
- Beaver Brooks
- Beis
- Ben Sherman
- Bend
- Bentley Motors
- Bergdorf Goodman
- Bespoke Post
- Best Buy
- Better Homes and Gardens
- Big Blanket Co.
- Big Brothers Big Sisters of America
- Big Cartel
- BigCommerce
- Binance
- Bing
- Birch Lane
- Birchbox
- Birkenstock
- Birthdate Co
- BitClout
- Bite
- Black Opal Beauty
- Blinkist
- Blue Apron
- Bluehost
- Blueland
- Bluemercury
- Blundstone
- Bobbi Brown
- Bodily
- Boisson
- Bombas
- Bon Appétit
- Bonlook
- Bonobos
- Boohoo
- Booking.com
- Boots
- Box
- Bravissimo
- Breaker
- Breitling
- Brez
- Briggs & Riley
- Brightedge
- British Airways
- Broadway Direct
- Broadway NYC
- Broadway in Hollywood
- Brooklinen
- Brooks
- BrowserStack
- BruMate
- Bubble
- Buffalo Wild Wings
- Buffer
- Burberry
- Busch Gardens
- Busuu
- Bynder
- CVS
- Cadillac
- CafePress
- Calendly
- Callaway Golf
- Calm
- Calpak
- Candy Club
- Candy Kittens
- Canny
- Canon
- Canva
- Carbonmade
- Care
- Careem
- Carnegie Hall
- Carnival Cruise Line
- Carrd
- Cars.com
- Cartier
- Cash App
- Casper
- Caviar
- Cedar Point
- Chalkbeat
- Charity Water
- ChartMogul
- Chevrolet
- Chewy
- Chicago Children’s Museum
- Chick-fil-A
- Chico’s
- Chilewich
- Chococurb
- Chubbies
- Chuck and Don’s
- Circle
- Claire's
- Clarks
- ClassPass
- ClickFunnels
- ClickUp
- Clinique
- Clockify
- Cloudflare
- Clubhouse
- Clue
- Coach
- Coastal
- Coda
- Codecademy
- Coinbase
- Common Sense
- Conductor
- Converse
- ConvertKit
- CopyAI
- Costa del Mar
- Costco
- Coursera
- Cover FX
- Craft
- Craigslist
- Crate & Barrel
- Crocs
- Crypto.com
- Cult Furniture
- Curious Elixirs
- Customer.io
- DFS
- Daisy Jewellery
- Daniel Wellington
- Datadog
- De Soi
- Debenhams
- Deliveroo
- Delivery.com
- Delivra - The Inbox
- Delsey Paris
- Delta
- Depop
- Deputy
- Descript
- DesignByHümans
- Designer Shoe Warehouse
- Diadora
- Dillards
- Dior
- Discord
- Disney Cruise Line
- Disney+
- Djusie
- Doctors Without Borders
- DocuSign
- Dolce & Gabbana
- Dollar Shave Club
- Dollywood
- Domino's
- DonorsChoose
- DoorDash
- Dorelan
- Dorothy Perkins
- Dr. Squatch
- Drip
- Dropbox
- Dropbox Paper
- Drops
- Drury Hotels
- Duda
- Duolingo
- Dwell
- EasyJet
- Eaze
- Echo Water
- Elevate
- Elle
- Ellucian
- Entrepreneur
- Envato
- Environmental Defense Fund
- Envoyage
- Etsy
- Eurostar
- Eventbrite
- Everlane
- Evernote
- Expedia
- Expensify
- Express
- Express Glasses
- Eye Buy Direct
- FabFitFun
- Fabletics
- Facet
- Factor
- Faherty Brand
- Faire
- Fairmont Hotels & Resorts
- Fancy
- Farm Rio
- Fashion Fair
- Fashion Nova
- Feedly
- Feelunique
- Fenwick
- Ferrari
- Figma
- Finimize
- Firebox
- Fitbit
- Fiverr
- Flakes
- Fleur & Bee
- Flipd
- Flodesk
- Fluent
- Flybe
- Foodvisor
- Ford
- Forest
- Forest Nation
- Forever 21
- Fort Myers
- Fortnum & Mason
- Fossil
- Four Seasons
- Four Sigmatic
- Framebridge
- Framer
- Free People
- FreeCodeCamp
- Freedom Japanese Market
- Freetrade
- Fresh Clean Threads
- Front
- Ftsny
- Fullstory
- Furniture Village
- Fyrn
- GMC
- GQ
- GameStop
- Gap
- GatherContent
- Genesis
- Ghia
- Ghost
- Ghost Bed
- GitHub
- GitLab
- Glamour
- Glassdoor
- Glasses USA
- Glo
- Glossier
- Glossybox
- Go-Jek
- GoDaddy
- Goat
- Gobble
- Goggles4u
- Goldsmiths
- Good Idea
- Gorillas
- Gousto
- Gozney
- Grab
- Graham and Green
- Grammarly
- Graze
- Greats
- Green Chef
- GreenRush
- Groupon
- Grubhub
- Guess
- Gumroad
- Gymshark
- Gyroscope
- H&M
- H.Samuel
- HVMN
- Habitat
- Happy Viking
- Harper’s Bazaar
- Harrods
- Harry's
- Harvey Nichols
- HashiCorp
- Hastens
- HauteLook
- Havn
- Headspace
- Height
- Helix
- HelloFresh
- Help Scout
- Help for Heroes
- Hershey Park
- Hettas
- Hey
- High Museum of Art
- Hipmunk
- Hobby Lobby
- Hoka
- Holiday World
- Home Depot
- HomeGoods
- Honda
- Honest
- Honey
- HostGator
- HotelTonight
- Hotjar
- House Curious
- House of Fraser
- Houzz
- HubSpot
- HubSpot CRM
- Huel
- Hulu
- Hungry House
- Hutch
- Hyatt Hotels and Resorts
- IHG Hotels & Resorts
- Ikea
- Imperfect Foods
- Impossibrew
- InMotion Hosting
- InVision
- Infoempleo
- Infojobs
- Instacart
- Intelligentsia
- Interact
- Intercom
- Ipsy
- J.Crew
- JCPenney
- Jaguar
- Jessops
- Jet2
- JetBlue
- Jira
- Job Today
- July
- Jump Bikes
- Juni
- Just Eat
- KEH Camera
- KETL Mountain Apparel
- Kate Spade
- Kay
- Kennywood
- Kensington Tours
- Kentucky Fried Chicken
- Khan Academy
- Kin Euphorics
- Kings Island
- Klarna
- Knoebels
- Kohls
- Kroger
- Kuii
- Kupferberg Center
- LMNT
- LTHR Supply
- La Croix
- Lamborgini
- Lancôme
- Land Rover
- Landbot
- Landish
- Lane Bryant
- Launchaco
- Leadpages
- Leesa
- Lego
- Lehman Center for the Performing Arts
- Lemonade
- Lexus
- Liberty London
- Lifesum
- Lime
- Lincoln
- Lincoln Center Theater
- Lincoln Center for the Performing Arts
- Linear
- Linjer
- Linktree
- Liquid I.V.
- Litmus
- Loaf
- London Virgin Hair
- Loog Guitars
- Lookfantastic
- Loom
- Loot Crate
- Louis Vuitton
- Lowes
- Lucidchart
- Lululemon
- Luma
- Lume Cube
- Lyft
- MAC Cosmetics
- MATE the Label
- MDMflow
- MGM Resorts
- MUD/WTR
- MVMT
- Mack Weldon
- Macy's
- Made
- Magento
- Maggiano’s Little Italy
- Mailchimp
- Make
- Mango
- MapMyGut
- Marc Jacobs
- Market District
- Marley Spoon
- Marriott
- Maserati
- MasterClass
- Mattel
- Mayvenn
- MeUndies
- Meadow
- Medium
- Mejuri
- Melissa & Doug
- Memrise
- Menards
- Mercari
- Mercedes-Benz
- MetaMask
- Michaels
- Microsoft Teams
- Mingle Mocktails
- Mini
- Miro
- Miss Selfridge
- Missguided
- Misto Box
- Mitsubishi cars
- Miu Miu
- Mixpanel
- Mixtons
- Moe’s Southwest Grill
- Moment
- Monday
- Moneybox
- Mont Blanc
- Monzo
- Moo
- Moonpig
- Morning Brew
- Morning Recovery
- Muttonhead
- My First Wig
- MyFitnessPal
- N26
- NANUK
- NPR
- Nars Cosmetics
- National Geographic
- NerdWallet
- Nest Furniture
- Netflix
- Netlify
- New Balance
- New Look
- New York City Theatre
- Newegg
- Newfields
- Nicely Noted
- Nike
- No Mercy / No Malice
- Nolan Interior
- Nomatic
- Noom
- Nordstrom
- Nordstrom Rack
- Norwegian Cruise Line
- Notion
- Notonthehighstreet
- Now TV
- Nugg
- Ocado
- OfferUp
- Officevibe
- Ogee
- Old Navy
- Oliver Peoples
- Omega
- On
- Only Natural Pet
- OpenSea
- OpenTable
- Opumo
- Orange Theory
- Otiumberg
- Outdoor Voices
- Overstock
- Ozone Socks
- PBS
- Paka
- PandaDoc
- Pandora
- Parade
- Patagonia
- Patreon
- Paula's Choice Skincare
- Paw Patrol
- PayPal
- Peloton
- People
- Perelman Performing Arts Center (PAC NYC)
- Persol
- Pet Supermarket
- Petco
- Piada Italian Street Food
- Picniic
- Pier 1
- Pipedrive
- Pitch
- Pizza Express
- Plae
- Plated
- Plum
- Pluralsight
- Podia
- Pokemon
- Poshmark
- Postmates
- Pottery Barn
- Prada
- PrettyLittleThing
- Primark
- Process Street
- Publix
- Puma
- Pure Life
- Purple
- QVC
- Qdoba
- Quibi
- QuickBooks
- Quill
- Quip
- Quizlet
- Quora
- REI Co-op
- Racket
- Raleigh Limited
- RallyUp
- Rare Beauty
- Ray-Ban
- Raymond Weil
- Reader’s Digest
- Red Robin
- Redbubble
- Reebok
- Reflectly
- Remitly
- Replit
- RescueTime
- Retool
- Revolut
- Revolve
- Rezi
- Ripcurl
- Ritual Zero Proof
- Road Scholar
- Robinhood
- Rock Grace
- Rootless
- Rosewood Hotels & Resorts
- Royal Caribbean Cruises
- Rumpl
- Runkeeper
- Ruth’s Chris
- SNKRS by Nike
- Saks Fifth Avenue
- Sally Beauty
- Samsonite
- Saratoga
- SavvyCal
- Scentbird
- Schoolhouse
- Scribd
- Sea World
- Seamless
- Search Metrics
- Seedlip
- Segment
- Selfridges
- Sentry
- Sephora
- ServiceNow
- Shark
- Shein
- Shift
- Shop.com
- Shopify
- Shpock
- Shudder
- Shwood and Stanley
- Sierra Club
- Silver Dollar City
- Simba
- Six Flags
- Skechers
- Skillshare
- Skims
- Skyscanner
- Slack
- Slite
- Smartsheet
- Smiley Movement
- Smithsonian Institute
- Snapchat
- Sneaker Politics
- Snowe
- Snowflake
- Society6
- Sock Fancy
- Soka Home
- SoloLearn
- Soludos
- Sonno
- SoundCloud
- Southern Living
- Southwest
- Soylent
- Spacegoods
- Sparkling Ice
- SpeedWeed
- Spotify
- Spreadshirt
- Spyder
- Square
- Squarespace
- Squarespace Scheduling
- St Elmo Steakhouse
- St. Jude
- Stanley
- Staples
- Starbucks
- Steam
- Stitch Fix
- Stojo
- Stone Forest
- Strava
- Strikingly
- Stripe
- Substack
- SumUp
- Sun Basket
- SunGod
- Sunglass Hut
- Sunsama
- Superdrug
- SurveyMonkey
- Swarovski
- Sweatcoin
- Swoon
- Symphony Space
- TRNK
- Tag Heuer
- Tally
- Target
- Taste Trunk
- Teachable
- Teachlr
- Techcrunch
- Technics
- Tecovas
- Ted Baker
- TeePublic
- Tempur
- Tempur-Pedic
- Temu
- Terrain
- Tesla
- The Absorption Company
- The Children’s Museum of Indianapolis
- The Farmers Dog
- The Hustle
- The Jewel Hut
- The Metropolitan Museum of Art (The Met)
- The Museum of Modern Art (MoMA)
- The New York Times
- The North Face
- The Ordinary
- The White Company
- Thinx
- Threadless
- Three Spirit
- Thryve
- Tidal
- Tide.fm
- Tiffany & Co
- TikTok
- Tinder
- Todoist
- Toggl Track
- Tom Ford
- Tommy John
- Topshop
- Tory Burch
- TouchNote
- Trader Joe’s
- Trainline
- TransferWise
- Travelpro
- Trello
- Triibe
- TripAdvisor
- Trivago
- Trustpilot
- Tuft & Needle
- Tumi
- Tunnel to Towers
- TunnelBear
- Twilio
- Twitch
- Typeform
- Typhur
- UGG
- UNICEF USA
- UNIQLO
- Uber
- Uber Eats
- Udacity
- Udemy
- Ulta
- Unbounce
- Unboxme
- UncommonGoods
- Under Armour
- United
- Universe
- Upwork
- Urban Outfitters
- Us Weekly
- VIIA
- VSCO
- Vanity Fair
- Vans
- Veer
- Vercel
- Vessi
- Victoria's Secret
- Viking Cruises
- Vimeo
- Vineyard Vines
- Vinted
- Viome
- Virgin Atlantic
- Vistaprint
- Vogue
- Volvo
- Voog
- Vueling
- W
- WE
- WW (Weight Watchers)
- WalMart
- Walgreens
- Wallapop
- Wallshoppe
- Walt Disney World Resort
- Warby Parker
- Watch Shop
- Watch Station
- Watches.com
- Wattpad
- Wayfair
- Waze
- We Feed Raw
- Wealthsimple
- Webflow
- Weebly
- Wegmans
- Wendy’s
- West Elm
- Which Wich
- Whimsical
- Wikimedia Foundation
- Williams Sonoma
- Winc
- Windstar Cruises
- Wise
- Wistia
- Wix
- WooCommerce
- Wooden Spoon Herbs
- WordPress
- World Market
- World Wildlife Fund
- Wowcher
- YNAB
- Yelp
- Yeti
- YouTube
- YouTube Music
- Zales
- Zapier
- Zara
- Zazzle
- Zeelool
- Zendesk
- Zero
- Zillow
- Zoe & Morgan
- Zoom
- Zoopla
- Zulily
- allure
- eBay
- eToro
- hiyo
- omnisend
- reggie
- uBiome
Robinhood Registered user
Subscribed 4 years, 3 months ago
<!DOCTYPE html>
<html lang="en" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:v="urn:schemas-microsoft-com:vml">
<head>
<title>
</title>
<meta content="text/html; charset=utf-8" http-equiv="Content-Type"/>
<meta content="width=device-width,initial-scale=1" name="viewport"/>
<!--[if mso]>
<xml><w:WordDocument xmlns:w="urn:schemas-microsoft-com:office:word"><w:DontUseAdvancedTypographyReadingMail/></w:WordDocument>
<o:OfficeDocumentSettings><o:PixelsPerInch>96</o:PixelsPerInch><o:AllowPNG/></o:OfficeDocumentSettings></xml>
<![endif]-->
<!--[if !mso]><!-->
<!--<![endif]-->
<style>
*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}.image_block img+div{display:none}sub,sup{font-size:75%;line-height:0}#converted-body .list_block ol,#converted-body .list_block ul,.body [class~=x_list_block] ol,.body [class~=x_list_block] ul,u+.body .list_block ol,u+.body .list_block ul{padding-left:20px}.menu_block.desktop_hide .menu-links span{mso-hide:all} @media (max-width:620px){.social_block.desktop_hide .social-table{display:inline-block!important}.image_block div.fullWidth{max-width:100%!important}.mobile_hide{display:none}.row-content{width:100%!important}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide table{display:table!important;max-height:none!important}.row-2 .column-1 .block-2.heading_block td.pad{padding:5px 5px 0 0!important}.row-10 .column-1 .block-4.divider_block td.pad,.row-11 .column-1 .block-4.divider_block td.pad,.row-13 .column-1 .block-1.divider_block td.pad,.row-14 .column-1 .block-1.divider_block td.pad,.row-16 .column-1 .block-1.divider_block td.pad,.row-18 .column-1 .block-1.divider_block td.pad,.row-5 .column-1 .block-3.divider_block td.pad,.row-7 .column-1 .block-4.divider_block td.pad,.row-9 .column-1 .block-1.divider_block td.pad{padding:24px 0!important}.row-10 .column-1 .block-4.divider_block .alignment table,.row-11 .column-1 .block-4.divider_block .alignment table,.row-13 .column-1 .block-1.divider_block .alignment table,.row-14 .column-1 .block-1.divider_block .alignment table,.row-16 .column-1 .block-1.divider_block .alignment table,.row-18 .column-1 .block-1.divider_block .alignment table,.row-20 .column-1 .block-1.divider_block .alignment table,.row-20 .column-1 .block-3.divider_block .alignment table,.row-5 .column-1 .block-3.divider_block .alignment table,.row-7 .column-1 .block-4.divider_block .alignment table,.row-9 .column-1 .block-1.divider_block .alignment table{display:inline-table}.row-10 .column-1 .block-2.paragraph_block td.pad,.row-14 .column-1 .block-2.heading_block td.pad,.row-5 .column-1 .block-1.heading_block td.pad,.row-7 .column-1 .block-2.paragraph_block td.pad{padding:0 0 10px!important}.row-5 .column-1 .block-1.heading_block h1{font-size:30px!important}.row-10 .column-1 .block-2.paragraph_block td.pad>div,.row-11 .column-1 .block-3.paragraph_block td.pad>div,.row-12 .column-1 .block-4.paragraph_block td.pad>div,.row-20 .column-1 .block-2.paragraph_block td.pad>div,.row-5 .column-1 .block-2.paragraph_block td.pad>div,.row-6 .column-1 .block-3.paragraph_block td.pad>div,.row-6 .column-1 .block-5.paragraph_block td.pad>div,.row-7 .column-1 .block-2.paragraph_block td.pad>div,.row-8 .column-1 .block-4.paragraph_block td.pad>div,.row-9 .column-1 .block-4.paragraph_block td.pad>div,.row-9 .column-1 .block-6.paragraph_block td.pad>div{font-size:16px!important}.row-11 .column-1 .block-2.heading_block td.pad,.row-12 .column-1 .block-2.heading_block td.pad,.row-13 .column-1 .block-3.heading_block td.pad,.row-17 .column-1 .block-2.paragraph_block td.pad,.row-21 .column-1 .block-3.paragraph_block td.pad,.row-6 .column-1 .block-2.heading_block td.pad,.row-8 .column-1 .block-2.heading_block td.pad,.row-9 .column-1 .block-3.heading_block td.pad{padding:10px 0!important}.row-6 .column-1 .block-4.list_block td.pad,.row-9 .column-1 .block-5.list_block td.pad{padding:0 5px 5px!important}.row-13 .column-1 .block-4.list_block ul,.row-14 .column-1 .block-3.list_block ul,.row-15 .column-1 .block-1.list_block ul,.row-19 .column-1 .block-1.list_block ul,.row-6 .column-1 .block-4.list_block ul,.row-9 .column-1 .block-5.list_block ul{font-size:16px!important;line-height:auto!important}.row-10 .column-1 .block-1.heading_block td.pad,.row-7 .column-1 .block-1.heading_block td.pad{padding:25px 0 8px!important}.row-12 .column-1 .block-4.paragraph_block td.pad,.row-18 .column-1 .block-2.heading_block td.pad,.row-21 .column-1 .block-4.menu_block td.pad,.row-8 .column-1 .block-4.paragraph_block td.pad{padding:0!important}.row-13 .column-1 .block-4.list_block td.pad,.row-14 .column-1 .block-3.list_block td.pad,.row-19 .column-1 .block-1.list_block td.pad{padding:0 5px!important}.row-15 .column-1 .block-1.list_block td.pad{padding:10px 15px 10px 0!important}.row-20 .column-1 .block-1.divider_block td.pad,.row-20 .column-1 .block-3.divider_block td.pad{padding:29px 0 12px!important}.row-19 .column-1 .block-2.paragraph_block td.pad>div{font-size:11px!important}.row-21 .column-1 .block-5.menu_block td.pad{padding:0 0 40px!important}.row-21 .column-1 .block-4.menu_block .alignment{text-align:center!important}.row-1 .column-1{padding:18px 20px 5px!important}.row-10 .column-1,.row-11 .column-1,.row-12 .column-1,.row-13 .column-1,.row-14 .column-1,.row-18 .column-1,.row-19 .column-1,.row-2 .column-1,.row-20 .column-1,.row-6 .column-1,.row-7 .column-1,.row-8 .column-1,.row-9 .column-1{padding:0 20px!important}.row-5 .column-1{padding:34px 20px 0!important}.row-16 .column-1{padding:5px 20px!important}.row-17 .column-1{padding:15px 20px!important}.row-21 .column-1{padding:0 20px 18px!important}}
</style>
<!--[if mso ]><style>sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% }</style> <![endif]-->
</head>
<body class="body" style="margin:0;padding:0;-webkit-text-size-adjust:none;text-size-adjust:none;background-color:#fff">
<div class="sailthru-emco-preheader" style="display: none; max-height: 0px; overflow: hidden;">
OpenAI doesn’t have the cash to pay Oracle $300 billion. Raising it will test the very limits of private markets.
</div>
<div style="display:none">
<a>
<img alt="" border="0" src="https://inboxflows.com/_/image/https%253A%252F%252Flink.sherwood.news%252Fimg%252F65c45ba339ac936dfb3135a2or08m.1splw%252F47aa77f8.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZsaW5rLnNoZXJ3byIsInRpbWUiOjE3NTgwMTkyODAuNzg5ODcxMn0:1uyT7g:D3kRYOfu2PmBdAEs-Pmgdz5QjKvwxbxZBf8ObDyDBJc"/>
</a>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="nl-container" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="image_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:35px;padding-top:20px;width:100%;padding-right:0;padding-left:0">
<div align="center" class="alignment">
<div style="max-width:220px">
<a target="_blank">
<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-7ow%252FSnacks%2520logo%2520%25281%2529.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NTgwMTkyODAuNzkwNzMxN30:1uyT7g:8uPJmtce9-Xzx8MLmlUP5YAj32LN2uTASzFU2O3dIdY" style="display:block;height:auto;border:0;width:100%" title="" width="220"/>
</a>
</div>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:1px;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="image_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="width:100%;padding-right:0;padding-left:0">
<div align="center" class="alignment">
<div class="fullWidth" style="max-width:495px">
<a target="_blank">
<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252Fe16dabb0-e115-4df7-8925-b9c7e2b8dc4d%252FBURN-TO-EARN%252Bcopy-min.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NTgwMTkyODAuNzkwODgwN30:1uyT7g:WusJZJlg5P1RgBC1NCLIWsxENrlZY4e_fSuZ_ifmnz8" style="display:block;height:auto;border:0;width:100%" title="" width="495"/>
</a>
</div>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-right:30px;padding-top:5px;text-align:center;width:100%">
<h1 style="margin:0;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:10px;font-weight:400;letter-spacing:normal;line-height:1.2;text-align:right;margin-top:0;margin-bottom:0;mso-line-height-alt:12px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Chartr
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="10" cellspacing="0" class="divider_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-top:5px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:13px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:16px">
<p style="margin:0">
Presented by
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="image_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="width:100%;padding-right:0;padding-left:0">
<div align="center" class="alignment">
<div style="max-width:120px">
<a target="_blank">
<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fbazh%252F6su869qw%252F1nn%252F69l%252Fm0g%252FPacaso_LogoFiles_0522_Pacaso-Logo_Lockup-Horiz_Dark%2520%25282%2529.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NTgwMTkyODAuNzkxMDI3M30:1uyT7g:1_s1HVFPPEnYUoN4tvkR4jVcWmICHzNsyPbyLja-vec" style="display:block;height:auto;border:0;width:100%" title="" width="120"/>
</a>
</div>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;padding-top:32px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;text-align:center;width:100%">
<h1 style="margin:0;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:30px;font-weight:700;letter-spacing:-2.5px;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:36px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Hey Snackers,
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
Blind boxes are big business — just ask anyone caught up in the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Labubu craze
</strong>
</a>
— and the latest entry comes from 133-year-old film icon
<strong>
Kodak
</strong>
, which just had its very own
<strong>
“
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Kodak moment
</strong>
</a>
<strong>
”
</strong>
with its palm-sized “Chamera.” Customers raced to buy the gadgets, not knowing
<a style="text-decoration: underline; color: #5869ff;">
<strong>
which of the ’80s-inspired designs was inside each box
</strong>
</a>
, and the camera quickly sold out as it also tapped into Gen Z’s embrace of
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
<strong>
nostalgia
</strong>
</a>
.
</p>
<p style="margin:0;margin-bottom:16px">
The Magnificent 7 and most stocks in the AI ecosystem (with the exception of
<strong>
Nvidia
</strong>
) did the lion’s work in propelling the S&P 500 and Nasdaq 100 to
<a style="text-decoration: underline; color: #5869ff;">
<strong>
another day of record closing highs
</strong>
</a>
.
</p>
<p style="margin:0">
The benchmark US stock index rose 0.5%, the tech-heavy gauge was up 0.8%, and the Russell 2000 advanced 0.3% on Monday.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-6" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:left">
<div align="left" class="alignment">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" style="height:20px;width:199px;v-text-anchor:middle;" arcsize="27%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="2px" color="#000000"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:14px">
<![endif]-->
<span class="button" style="background-color: #5869ff; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 16.8px;">
<strong>
NOSEBLEED VALUATIONS
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
OpenAI doesn’t have the cash to pay Oracle $300 billion. Raising it will test the very limits of private markets.
</strong>
</a>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
There’s a playbook in Silicon Valley: raise some money; build something people want; raise a lot more money; burn it in the pursuit of growth. The core of this strategy is to swap money for time by acquiring talent, companies, infrastructure, and technologies, all in the pursuit of leapfrogging your competition in the burgeoning field you’re disrupting. Then, if you’re successful in ascending to the top:
<a style="text-decoration: underline; color: #5869ff;">
<strong>
kick back, up your prices, and rake in the billions
</strong>
</a>
.
</p>
<p style="margin:0">
But no company has ever burned as much money as
<strong>
OpenAI
</strong>
is planning to.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
In the last few weeks, major deals with
<strong>
Broadcom
</strong>
and
<strong>
Oracle
</strong>
have thrown into sharp relief just how insane OpenAI’s ambitions are.
<a style="text-decoration: underline; color: #5869ff;">
<strong>
The Oracle deal alone is worth $300 billion over five years
</strong>
</a>
starting in 2027.
</li>
<li style="Margin:0 0 8px 0">
OpenAI does not have that kind of cash. In fact, four of the tech world’s big “cash incinerators” —
<strong>
Uber
</strong>
,
<strong>
Tesla
</strong>
,
<strong>
Snap
</strong>
, and
<strong>
Netflix
</strong>
— together burned
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a pathetic ~$42 billion
</strong>
</a>
<strong>
</strong>
during their respective heavily cash-burning periods.
</li>
<li style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Per The Information
</strong>
</a>
, OpenAI is planning on spending $115 billion through 2029. Given that the company raised “only” $40 billion earlier this year — and $64 billion in its lifetime to date, per
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Pitchbook data
</strong>
</a>
— it’s fair to assume that OpenAI will have to dip into the capital markets again to raise another $50 billion to $75 billion to fund its spending splurge.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
Just a few years ago, the idea of raising that amount on the deeply liquid public markets would have been remarkable; the biggest IPO ever was
<a style="text-decoration: underline; color: #5869ff;">
<strong>
2014’s Alibaba
</strong>
</a>
, which raised $25 billion — a figure that might not cover even a single year of OpenAI’s peak cash burn. Doing it in private markets would have been near unthinkable.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-7" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:8px;padding-top:24px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
If the company pulls it off — raises all that money and finds a way to make the unit economics of its chatbot work along the way — it will raise a major question:
<a style="text-decoration: underline; color: #5869ff;">
<strong>
is the stock market doing its primary job?
</strong>
</a>
If the most capital-hungry business of all time doesn’t need to raise on the public markets, we may need to rethink our textbook definitions of the stock market. The capital-allocating conduit that’s been the bedrock of American capitalism for more than a century is increasingly about price discovery, liquidity, and risk transfer, and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
less about capital formation
</strong>
</a>
.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="10" cellspacing="0" class="button_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad">
<div align="center" class="alignment">
<a style="color:#ffffff;text-decoration:none;" target="_blank">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" href="https://link.sherwood.news/click/41570806.3019172/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL21hcmtldHMvb3BlbmFpLWRvZXNudC1oYXZlLXRoZS1jYXNoLXRvLXBheS1vcmFjbGUtdXNkMzAwLWJpbGxpb24tcmFpc2luZy1pdC13aWxsLz91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA5MTYmdXRtX2NvbnRlbnQ9ZTQyZDg1ZDYxMmJiYTBmZWM4ZTk4ZjdhNjA4MGJmYTc/65c45ba339ac936dfb3135a2If7d1e0a7" style="height:46px;width:133px;v-text-anchor:middle;" arcsize="9%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="0px" color="#5869ff"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:18px">
<![endif]-->
<span class="button" style="background-color: #5869ff; border-bottom: 0px solid transparent; border-left: 0px solid transparent; border-radius: 4px; border-right: 0px solid transparent; border-top: 0px solid transparent; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; font-weight: 400; mso-border-alt: none; padding-bottom: 5px; padding-top: 5px; padding-left: 20px; padding-right: 20px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 36px;">
<strong>
Read more
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</a>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-8" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:left">
<div align="left" class="alignment">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" style="height:26px;width:167px;v-text-anchor:middle;" arcsize="22%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="2px" color="#000000"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:14px">
<![endif]-->
<span class="button" style="background-color: #5869ff; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 5px; padding-top: 5px; padding-left: 13px; padding-right: 13px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 16.8px;">
<strong>
Presented by Pacaso
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<strong>
Former Zillow Exec Opens the Door to a $1.3T Market
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="image_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:15px;padding-top:15px;width:100%">
<div align="center" class="alignment">
<div style="max-width:550px">
<a target="_blank">
<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252F9055c271-316c-4862-a3d8-ba5191c1ab55%252F3_Pacaso_Partnerships-1200x800_070225_002.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NTgwMTkyODAuNzkxMTQyNX0:1uyT7g:aboagVigfnY4nijGzj-v8OKUA69QXTwWeigbnF__zPU" style="display:block;height:auto;border:0;width:100%" title="" width="550"/>
</a>
</div>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
Austin Allison sold his first company for $120M. He later served as an executive for Zillow. But both companies didn’t allow regular people to invest at the private stage.
</p>
<p style="margin:0;margin-bottom:16px">
“I always wished everyday investors could have shared in their early success,” Allison later said.
<a style="text-decoration: underline; color: #5869ff;">
<strong>
So he built Pacaso differently
</strong>
</a>
.
</p>
<p style="margin:0;margin-bottom:16px">
Pacaso brings co-ownership to the $1.3T vacation home market,
<sup>
1
</sup>
earning $110M+ in gross profit in just 5 years.
<sup>
2
</sup>
No wonder five major investment firms already backed Pacaso.
</p>
<p style="margin:0;margin-bottom:16px">
They even reserved the Nasdaq ticker “PCSO”.
<sup>
3
</sup>
Now, after adding 10 new international destinations,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Pacaso is hitting their stride
</strong>
</a>
.
</p>
<p style="margin:0">
And unlike Allison’s previous stops, you can invest in Pacaso as a private company. But you don’t have time to waste.
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Invest before Pacaso’s opportunity ends this Thursday
</strong>
</a>
.
<sup>
4
</sup>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-9" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:left">
<div align="left" class="alignment">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" style="height:20px;width:140px;v-text-anchor:middle;" arcsize="27%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="2px" color="#000000"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:14px">
<![endif]-->
<span class="button" style="background-color: #5869ff; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 16.8px;">
<strong>
SUPERCHARGED
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Tesla jumps after CEO Elon Musk discloses buying 2.57 million shares, worth more than $1 billion
</strong>
</a>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
<strong>
Tesla
</strong>
is
<a style="text-decoration: underline; color: #5869ff;">
<strong>
finally worth more than it was at the start of the year
</strong>
</a>
. Tesla
<a style="text-decoration: underline; color: #5869ff;">
<strong>
surged
</strong>
</a>
to about $423 per share in early trading yesterday after the Elon Musk Revocable Trust
<a style="text-decoration: underline; color: #5869ff;">
<strong>
reported acquiring 2.57 million shares
</strong>
</a>
, worth more than $1 billion, and finished the day at just over $409 per share. Tesla’s stock peaked last December and ended the year at $403.84, according to FactSet.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Per the filing
</strong>
</a>
, the acquisition brought the Elon Musk Revocable Trust’s total ownership to 413.36 million shares as of September 12, 2025.
</li>
<li style="Margin:0 0 8px 0">
The block of equity was bought at prices ranging from $371.38 to $396.54.
</li>
<li style="Margin:0 0 8px 0">
Musk’s $1 billion purchase of shares sent the stock soaring — along with his personal wealth. That share price rise was enough to
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
raise the total value of his stock by $17 billion
</strong>
</a>
.
</li>
<li style="Margin:0 0 8px 0">
Investors are interpreting Musk’s latest purchase — his first significant one since
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
February 2020
</strong>
</a>
—
<strong>
</strong>
as a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
vote of confidence in the company
</strong>
</a>
.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-6" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
Lately, the stock has been recovering as Tesla
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
expands a limited version
</strong>
</a>
of its robotaxi service and tries to boost its energy storage business, unveiling
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
new Megapacks
</strong>
</a>
last week. Despite an expected overall vehicle sales decline this year, Tesla could have a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
record third quarter
</strong>
</a>
as would-be buyers try to get ahead of federal tax credits disappearing at the end of September.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-10" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:8px;padding-top:24px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
Earlier this month, the board of directors proposed an eye-watering pay package that could award the tech billionaire
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
up to $1 trillion
</strong>
</a>
, assuming that very ambitious market cap and fundamental milestones are met.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="10" cellspacing="0" class="button_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad">
<div align="center" class="alignment">
<a style="color:#ffffff;text-decoration:none;" target="_blank">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" href="https://link.sherwood.news/click/41570806.3019172/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL3RlY2gvdGVzbGEtdHVybnMtcG9zaXRpdmUtZm9yLXRoZS15ZWFyLz91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA5MTYmdXRtX2NvbnRlbnQ9ZTQyZDg1ZDYxMmJiYTBmZWM4ZTk4ZjdhNjA4MGJmYTc/65c45ba339ac936dfb3135a2D07b4e613" style="height:46px;width:133px;v-text-anchor:middle;" arcsize="9%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="0px" color="#5869ff"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:18px">
<![endif]-->
<span class="button" style="background-color: #5869ff; border-bottom: 0px solid transparent; border-left: 0px solid transparent; border-radius: 4px; border-right: 0px solid transparent; border-top: 0px solid transparent; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; font-weight: 400; mso-border-alt: none; padding-bottom: 5px; padding-top: 5px; padding-left: 20px; padding-right: 20px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 36px;">
<strong>
Read more
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</a>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-11" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:left">
<div align="left" class="alignment">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" style="height:20px;width:259px;v-text-anchor:middle;" arcsize="27%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="2px" color="#000000"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:14px">
<![endif]-->
<span class="button" style="background-color: #5869ff; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 16.8px;">
<strong>
THE BEST THING WE READ TODAY
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Eric Jackson on the “radical change” and “big swings” coming from Opendoor’s new management
</strong>
</a>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
Everyone at the Independent Investor Summit in New York wanted to get a word in with Eric Jackson, the head of Toronto-based EMJ Capital. We’ve called him
<a style="text-decoration: underline; color: #5869ff;">
<strong>
the architect of Opendoor’s initial massive rally
</strong>
</a>
, and his fans now refer to him as the general of the $OPEN Army. Despite that army swarming for selfies, Sherwood News Markets Editor Luke Kawa managed to steal him away for a revealing interview on the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
opportunity to become the “Amazon of housing.”
</strong>
</a>
</p>
<p style="margin:0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
The “Drake thing”
</strong>
</a>
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-12" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:left">
<div align="left" class="alignment">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" style="height:26px;width:167px;v-text-anchor:middle;" arcsize="22%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="2px" color="#000000"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:14px">
<![endif]-->
<span class="button" style="background-color: #5869ff; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 5px; padding-top: 5px; padding-left: 13px; padding-right: 13px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 16.8px;">
<strong>
Presented by Pacaso
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<strong>
Big Investors
</strong>
<strong>
Bought
</strong>
<strong>
This Unlisted Stock
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="image_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:15px;padding-top:15px;width:100%">
<div align="center" class="alignment">
<div style="max-width:550px">
<a target="_blank">
<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252Fc0e59808-8295-4d67-8371-ca17cbad8960%252F23_Pacaso_Partnerships-1200x800_082725.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NTgwMTkyODAuNzkxMjYxNH0:1uyT7g:rDW9nLfZQWUn-YsaLUqYt7rW0bPUTnANOKujfVcnFfw" style="display:block;height:auto;border:0;width:100%" title="" width="550"/>
</a>
</div>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
When the former Zillow exec who sold his first company for $120M starts a new venture, people notice…
<em>
thousands
</em>
of people.
</p>
<p style="margin:0">
10,000+ regular investors have already joined five Wall Street firms as
<a style="text-decoration: underline; color: #5869ff;">
<strong>
early-stage Pacaso investors
</strong>
</a>
. Their tech aims to revamp a $1.3T market,
<sup>
1
</sup>
earning $110M+ in gross profit to date.
<sup>
2
</sup>
They even reserved the Nasdaq ticker $PCSO.
<sup>
3
</sup>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Invest before Thursday’s deadline
</strong>
</a>
.
<sup>
4
</sup>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-13" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:left">
<div align="left" class="alignment">
<!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word" style="height:20px;width:72px;v-text-anchor:middle;" arcsize="27%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="2px" color="#000000"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:14px">
<![endif]-->
<span class="button" style="background-color: #5869ff; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
<span style="word-break: break-word; line-height: 16.8px;">
<strong>
MOVES
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<strong>
Yesterday’s Big Daily Movers
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li style="Margin:0 0 8px 0">
<strong>
Seagate
</strong>
and
<strong>
Western Digital
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
jumped
</strong>
</a>
as hard drive makers dominate the S&P 500 leaderboard and analysts warn
<strong>
“
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
supply remains tight
</strong>
</a>
<strong>
”
</strong>
</li>
<li style="Margin:0 0 8px 0">
<strong>
IonQ
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
rode a wave of Wall Street love
</strong>
</a>
following its Analyst Day event to rise
<strong>
6.3%
</strong>
on Monday
</li>
<li style="Margin:0 0 8px 0">
<strong>
CoreWeave
</strong>
soared on a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
$6.3 billion
</strong>
</a>
cloud computing purchasing agreement with
<strong>
Nvidia
</strong>
</li>
<li style="Margin:0 0 8px 0">
<strong>
Nio
</strong>
revved higher ahead of a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
new SUV launch
</strong>
</a>
as Chinese EV giants recommitted to paying suppliers faster
</li>
<li style="Margin:0 0 8px 0">
<strong>
Intel
</strong>
cut its expense forecast and saw its
<a style="text-decoration: underline; color: #5869ff;">
<strong>
best gain in weeks
</strong>
</a>
</li>
<li style="Margin:0 0 8px 0">
<strong>
Alaska Air
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
declined
</strong>
</a>
<strong>
</strong>
after warning its profit will be dinged by fuel costs, weather, and more
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-14" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
What else we're Snackin'
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li style="Margin:0 0 8px 0">
Where
<strong>
Google
</strong>
’s Waymo is, will be, and might go,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
mapped
</strong>
</a>
</li>
<li style="Margin:0 0 8px 0">
Google faces its
<a style="text-decoration: underline; color: #5869ff;">
<strong>
first big lawsuit
</strong>
</a>
for AI summaries from one of many media companies it’s eclipsing
</li>
<li style="Margin:0 0 8px 0">
<strong>
Novo Nordisk
</strong>
’s GLP-1 pill received EU approval for
<a style="text-decoration: underline; color: #5869ff;">
<strong>
cardiovascular benefits
</strong>
</a>
</li>
<li style="Margin:0 0 8px 0">
International investors want to own US assets — and have nothing to do with the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
US dollar
</strong>
</a>
</li>
<li style="Margin:0 0 8px 0">
<strong>
Apple
</strong>
is packing a growing number of
<a style="text-decoration: underline; color: #5869ff;">
<strong>
self-built custom chips
</strong>
</a>
into its gadgets
</li>
<li style="Margin:0 0 8px 0">
<strong>
Hims & Hers
</strong>
had a rough day after the FDA commissioner said its
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Super Bowl ad
</strong>
</a>
breached regulations
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-15" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#f6f6f6;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;padding-left:25px;padding-right:5px;padding-top:5px;vertical-align:top" width="100%">
<table border="0" cellpadding="10" cellspacing="0" class="list_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li style="Margin:0">
<strong>
Thursday is the final day to invest in this opportunity:
</strong>
Follow 10,000+ investors, plus the firms that backed two large-cap S&P 500 corporations, as a Pacaso shareholder. They already reserved their Nasdaq ticker.
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Invest now
</strong>
</a>
.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-left:10px;padding-right:10px">
<div style="color:#000;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:13px;font-weight:700;letter-spacing:0;line-height:1.2;text-align:right;mso-line-height-alt:16px">
<p style="margin:0">
Ad
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-16" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-17" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto;background-color:#5869ff;border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10px;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;border-bottom:4px solid #5869ff;border-left:4px solid #5869ff;border-right:4px solid #5869ff;border-top:4px solid #5869ff;padding-bottom:15px;padding-left:25px;padding-right:25px;padding-top:15px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:center;width:100%">
<h1 style="margin:0;color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Snack Fact of the Day
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-left:40px;padding-right:40px;padding-top:10px">
<div style="color:#000;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:22px">
<p style="margin:0">
<a style="text-decoration: underline; color: #ffffff;">
<strong>
Google became the fourth company with a valuation over $3 trillion on Monday.
</strong>
</a>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-18" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Tuesday
</span>
</h1>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-19" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:5px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li style="Margin:0 0 8px 0">
Earnings expected from
<strong>
Ferguson
</strong>
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:11px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:left;mso-line-height-alt:13px">
<p style="margin:0;margin-bottom:16px">
<strong>
Advertiser's disclosures:
<br/>
</strong>
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
1
</sup>
Pacaso estimates the U.S. market at $1.3 trillion and the European market as $500 billion. See
<a style="text-decoration: underline; color: #1d1d1d;" target="_self">
website
</a>
for further details.
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
2
</sup>
Pacaso was founded in 2020. Past performance is not indicative of future performance. For more details on the gross profit for 2021-2023, please see
<a style="text-decoration: underline; color: #1d1d1d;">
management discussion of the financial condition section
</a>
of the offering circular (p.41). For more details on the 2024 gross profit, please see the
<a style="text-decoration: underline; color: #1d1d1d;">
1-K Financial Statements section
</a>
(p.12).
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
3
</sup>
Pacaso recently received their ticker reservation with Nasdaq ($PCSO). Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals.
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
4
</sup>
The minimum investment is $1,035.52 when including the 3.5% investor fee. This is a paid advertisement for Pacaso’s Regulation A offering. Please read the
<a style="text-decoration: underline; color: #1d1d1d;">
offering circular
</a>
and
<a style="text-decoration: underline; color: #1d1d1d;">
related risks
</a>
at
<a style="text-decoration: underline; color: #1d1d1d;" target="_self">
invest.pacaso.com
</a>
.
</p>
<p style="margin:0">
Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-20" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="10" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
<strong>
Was this email forwarded to you?
</strong>
Don’t miss out on future stories —
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
<strong>
subscribe to
<em>
Snacks
</em>
</strong>
</a>
and get your daily dose of financial news straight to your inbox.
</p>
<p style="margin:0">
<strong style="background-color:transparent">
<strong>
Craving more insights in your inbox
</strong>
?
</strong>
<strong>
Subscribe to
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
<em>
Chartr
</em>
</a>
and
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
<em>
The Wrap
</em>
</a>
</strong>
for quality reads.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-21" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;padding-top:5px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="social_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-left:10px;padding-right:10px;text-align:center">
<div align="center" class="alignment">
<table border="0" cellpadding="0" cellspacing="0" class="social-table" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;display:inline-block" width="92px">
<tr>
<td style="padding:0 7px 0 7px">
<a target="_blank">
<img alt="Instagram" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-7ow%252Finstagram_snacks.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NTgwMTkyODAuNzkxMzgyM30:1uyT7g:UklIGHVdxorgKqZE1YoGleTqidgFf-3hZ_hpUS_Ut60" style="display:block;height:auto;border:0" title="Instagram" width="32"/>
</a>
</td>
<td style="padding:0 7px 0 7px">
<a target="_blank">
<img alt="Twitter" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-7ow%252Fx_snacks.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NTgwMTkyODAuNzkxNDgyMn0:1uyT7g:NZruKe-5e2evXnMognyXVOcaArzP3h7UUlJhQdDk-Hg" style="display:block;height:auto;border:0" title="Twitter" width="32"/>
</a>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="image_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-top:35px;width:100%;padding-right:0;padding-left:0">
<div align="center" class="alignment">
<div style="max-width:137.5px">
<a target="_blank">
<img alt="Sherwood Logo" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-7ow%252FSherwood-K.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NTgwMTkyODAuNzkxNTgzfQ:1uyT7g:37D2EJvgDFVO1mSicPpnpK_hCgICQpee3yuy1ERVFrQ" style="display:block;height:auto;border:0;width:100%" title="Sherwood Logo" width="137.5"/>
</a>
</div>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-left:60px;padding-right:60px;padding-top:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:9px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:center;mso-line-height-alt:14px">
<p style="margin:0">
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate...
<a rel="noopener" style="text-decoration: underline; color: #1d1d1d;" target="_blank">
See more
</a>
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="menu_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="color:#1d1d1d;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:9px;font-weight:400;padding-left:60px;padding-right:60px;text-align:center">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="alignment" style="text-align:center;font-size:0">
<div class="menu-links">
<!--[if mso]><table role="presentation" border="0" cellpadding="0" cellspacing="0" align="center" style=""><tr style="text-align:center;"><![endif]-->
<!--[if mso]><td style="padding-top:10px;padding-right:5px;padding-bottom:10px;padding-left:5px"><![endif]-->
<a style="mso-hide:false;padding-top:10px;padding-bottom:10px;padding-left:5px;padding-right:5px;display:inline-block;color:#1d1d1d;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:9px;text-decoration:none;letter-spacing:normal;" target="_blank" title="Sherwood Terms and Conditions">
Sherwood Terms and Conditions
</a>
<!--[if mso]></td><![endif]-->
<!--[if mso]><td style="padding-top:10px;padding-right:5px;padding-bottom:10px;padding-left:5px"><![endif]-->
<a style="mso-hide:false;padding-top:10px;padding-bottom:10px;padding-left:5px;padding-right:5px;display:inline-block;color:#1d1d1d;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:9px;text-decoration:none;letter-spacing:normal;" target="_blank" title="Our Editorial Standards">
Our Editorial Standards
</a>
<!--[if mso]></td><![endif]-->
<!--[if mso]><td style="padding-top:10px;padding-right:5px;padding-bottom:10px;padding-left:5px"><![endif]-->
<a style="mso-hide:false;padding-top:10px;padding-bottom:10px;padding-left:5px;padding-right:5px;display:inline-block;color:#1d1d1d;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:9px;text-decoration:none;letter-spacing:normal;" target="_blank" title="hello@snacks.robinhood.com">
Contact Us
</a>
<!--[if mso]></td><![endif]-->
<!--[if mso]></tr></table><![endif]-->
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="menu_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="color:#1d1d1d;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:9px;font-weight:400;padding-left:60px;padding-right:60px;text-align:center">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="alignment" style="text-align:center;font-size:0">
<div class="menu-links">
<!--[if mso]><table role="presentation" border="0" cellpadding="0" cellspacing="0" align="center" style=""><tr style="text-align:center;"><![endif]-->
<!--[if mso]><td style="padding-top:10px;padding-right:5px;padding-bottom:10px;padding-left:5px"><![endif]-->
<a style="mso-hide:false;padding-top:10px;padding-bottom:10px;padding-left:5px;padding-right:5px;display:inline-block;color:#1d1d1d;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:9px;text-decoration:none;letter-spacing:normal;" target="_blank" title="Advertise With Us">
Advertise With Us
</a>
<!--[if mso]></td><![endif]-->
<!--[if mso]><td style="padding-top:10px;padding-right:5px;padding-bottom:10px;padding-left:5px"><![endif]-->
<a style="mso-hide:false;padding-top:10px;padding-bottom:10px;padding-left:5px;padding-right:5px;display:inline-block;color:#1d1d1d;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:9px;text-decoration:none;letter-spacing:normal;" target="_blank" title="Unsubscribe">
Unsubscribe
</a>
<!--[if mso]></td><![endif]-->
<!--[if mso]><td style="padding-top:10px;padding-right:5px;padding-bottom:10px;padding-left:5px"><![endif]-->
<a style="mso-hide:false;padding-top:10px;padding-bottom:10px;padding-left:5px;padding-right:5px;display:inline-block;color:#1d1d1d;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:9px;text-decoration:none;letter-spacing:normal;" target="_blank" title="Privacy Policy">
Privacy Policy
</a>
<!--[if mso]></td><![endif]-->
<!--[if mso]></tr></table><![endif]-->
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-22" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;padding-top:5px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-left:60px;padding-right:60px;padding-top:10px">
<div style="color:#000;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:9px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:11px">
<p style="margin:0">
SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<!-- End -->
</body>
</html>
2 days, 5 hours ago - hello@snacks.robinhood.com
OpenAI doesn’t have the cash to pay Oracle $300 billion. Raising it will test the very limits of ...