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Oracle rises 36% in a single day based on massive incoming revenue from OpenAI. As hockey-stick revenue projections go, that’s about as bold as they come in terms of sheer scale.
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Presented by
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<span class="tinyMce-placeholder" style="word-break: break-word;">
Hey Snackers,
</span>
</h1>
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<p style="margin:0;margin-bottom:16px">
If there were ever an “I told you so!” moment for a generation of kids whose parents said they were “wasting their money” on “Pokemon” cards,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
that moment is here
</strong>
</a>
: not only are the trading cards outperforming the
<strong>
S&P 500
</strong>
, but also tech stocks like
<strong>
Meta
</strong>
, and by a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
huge margin
</strong>
</a>
. The cards are also charging up
<a style="text-decoration: underline; color: #5869ff;">
<strong>
GameStop’s shares
</strong>
</a>
, as the meme stock powered up its collectible business by leaning into “Pokemon” nostalgia.
</p>
<p style="margin:0">
The S&P 500 notched another record close yesterday. Eighty-three basis points of yesterday’s return in the SPDR S&P 500 ETF, more than 2x its daily gain, were attributable to Oracle and the two leading US chip designers, Nvidia and Broadcom. Tech, utilities, and energy were the top-performing S&P 500 sector ETFs, while consumer staples and healthcare were laggards.
</p>
</div>
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</td>
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</tbody>
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<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:208px;v-text-anchor:middle;" arcsize="27%" fillcolor="#5869ff">
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
ORACULAR SPECTACULAR
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
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<a style="text-decoration: underline; color: #5869ff;">
<strong>
Oracle rises 36% in a single day based on massive incoming revenue from OpenAI
</strong>
</a>
</h1>
</td>
</tr>
</table>
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<p style="margin:0;margin-bottom:16px">
<strong>
Oracle
</strong>
finished Wednesday up 36% after the company forecast that it expects its cloud infrastructure business to see revenues climb to
<a style="text-decoration: underline; color: #5869ff;">
<strong>
$144 billion by 2030
</strong>
</a>
. As hockey-stick revenue projections go, that’s about as bold as they come in terms of sheer scale.
</p>
<p style="margin:0">
Not a household name like
<strong>
Google
</strong>
,
<strong>
Apple
</strong>
, or
<strong>
Amazon
</strong>
, Oracle has a swath of different specialties, providing software, servers, and cloud services to global businesses.
</p>
</div>
</td>
</tr>
</table>
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<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">
The
<a style="text-decoration: underline; color: #5869ff;">
<strong>
insane revenue backlog
</strong>
</a>
that Oracle revealed, which was up 359% to $455 billion, was enough to lift the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
entire AI space
</strong>
</a>
.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
That figure is a closely followed measure of the company’s “booked” revenue, known as “remaining performance obligations,” or RPO. Essentially, it’s
<a style="text-decoration: underline; color: #5869ff;">
<strong>
legally binding IOUs
</strong>
</a>
that reflect sales Oracle expects to go through.
</li>
<li style="Margin:0 0 8px 0">
<strong>
OpenAI
</strong>
reportedly signed a massive five-year deal to purchase
<a style="text-decoration: underline; color: #5869ff;">
<strong>
$300 billion worth
</strong>
</a>
of cloud computing capacity from Oracle, which The Wall Street Journal noted would be one of the largest cloud computing contracts ever signed, requiring 4.5 gigawatts of capacity.
</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">
Most of Oracle’s RPO won’t turn into real revenue for quite a bit. In its annual report in June, the company said two-thirds of its then $137.8 billion RPO wouldn’t be recognized as revenue for at least 12 months.
</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">
The entire AI trade was uplifted on Oracle’s good fortune, and
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
that makes sense
</strong>
</a>
. In a way, this is just the first of many times we’ll be seeing these dollars in the years to come. First they’ll go from OpenAI to Oracle, and then into the rest of the AI business. Oracle also has to build out its infrastructure to meet that contracted demand, and that race is reflected in the hefty $35 billion in capital spending it’s allocated for this fiscal year. Oracle’s CEO said she expects RPO to grow to more than $500 billion in the fiscal year as the company signs more multibillion-dollar cloud deals.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-8" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
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<td>
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<tbody>
<tr>
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
Presented by Pacaso
</strong>
</span>
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<strong>
Keep This Stock
</strong>
<strong>
Ticker
</strong>
<strong>
on Your Watchlist
</strong>
</h1>
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<p style="margin:0;margin-bottom:16px">
They’re a private company, but Pacaso just reserved the Nasdaq ticker “$PCSO.”
<sup>
1
</sup>
</p>
<p style="margin:0;margin-bottom:16px">
Created by a real estate entrepreneur who sold his first venture for $120M, Pacaso brings co-ownership to the $1.3T vacation home industry.
<sup>
2
</sup>
</p>
<p style="margin:0;margin-bottom:16px">
They’ve generated $1B+ worth of luxury home transactions and service fees since inception across 2,000+ owners. That’s good for more than $110M in gross profit in just five years.
<sup>
3
</sup>
</p>
<p style="margin:0;margin-bottom:16px">
No surprise major investors have already backed them. What
<em>
is
</em>
unique is Pacaso is giving everyday investors an
<a style="text-decoration: underline; color: #5869ff;">
<strong>
opportunity to become an early shareholder
</strong>
</a>
, and 10,000+ people have already joined them.
</p>
<p style="margin:0;margin-bottom:16px">
And you can
<a style="text-decoration: underline; color: #5869ff;">
<strong>
join them today for just $2.90/share
</strong>
</a>
.
<sup>
4
</sup>
</p>
<p style="margin:0">
But don’t wait too long.
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Invest in Pacaso before the opportunity ends September 18
</strong>
</a>
.
</p>
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
GROWING PAINS
</strong>
</span>
</span>
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<a style="text-decoration: underline; color: #5869ff;">
<strong>
Companies love to boast about their enthusiasm for AI, so why are less of them actually using it?
</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%">
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<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">
Though more public companies than ever are talking about AI —
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a whopping 58% of S&P 500 Index members mentioned the technology
</strong>
</a>
in the most recent earnings season, per a report from Goldman Sachs Global Investment Research — how many large firms are actually using it is slightly different.
</p>
</div>
</td>
</tr>
</table>
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<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">
The latest update from the US Census Bureau’s Business Trends and Outlook Survey of 1.2 million firms suggests that large companies, having experimented with the tools over the last year, might be starting to touch the brakes on using AI.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
A trend
<a style="text-decoration: underline; color: #5869ff;">
<strong>
highlighted by Apollo’s chief economist
</strong>
</a>
,
<strong>
</strong>
Torsten Sløk, shows that as of the second and third week of August, AI adoption in businesses with more than 250 employees had dropped to 9% from a 15% peak in the first two weeks of June.
</li>
<li style="Margin:0 0 8px 0">
Only
<a style="text-decoration: underline; color: #5869ff;">
<strong>
14% of the companies surveyed
</strong>
</a>
in the same period in August expected to use AI in their businesses in the next six months, down from 19% in June.
</li>
</ul>
</div>
</td>
</tr>
</table>
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<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">
There could be some seasonal effects at play, but given how much is riding on the AI boom, that feels like a significant data point that runs contradictory to the continued AI enthusiasm, and wouldn’t yet show up in the earnings of major AI enablers like
<strong>
Nvidia
</strong>
and
<strong>
Broadcom
</strong>
.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
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<tbody>
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<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>
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<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>
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<p style="margin:0">
There is no doubt of the enthusiasm for AI on both the supply and demand sides, as we can see by the ample talk about it among the companies that want to buy it and the ample spending on the infrastructure for it from the companies that want to sell it to them. If this data is any indication, though,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
actually translating that interest and enthusiasm into legitimate revenue-generating goods and services
</strong>
</a>
might be less of a direct path than everyone is saying.
</p>
</div>
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</td>
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</table>
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
THE BEST THING WE READ TODAY
</strong>
</span>
</span>
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</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>
The gap between America’s notion of the ideal family size and the actual reality is getting wider
</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">
Since 1936, Gallup has asked US adults what they think is the “ideal number of children” for a family. Back then, the average response was 3.6 children. This year, when Gallup asked the same question,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
the number had dropped
</strong>
</a>
, but not as much as the American fertility rate.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="10" cellspacing="0" class="button_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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<td class="pad">
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<a style="color:#ffffff;text-decoration:none;" target="_blank">
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<span style="word-break: break-word; line-height: 36px;">
<strong>
Read more
</strong>
</span>
</span>
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</a>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-5" 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-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="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:72px;v-text-anchor:middle;" arcsize="27%" fillcolor="#5869ff">
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<![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-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>
Yesterday’s Big Daily Movers
</strong>
</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 aria-level="1" style="Margin:0 0 8px 0">
<strong>
Nio
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
plunged
</strong>
</a>
after announcing a $1 billion share offering to fund EV development
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Chewy
</strong>
sank despite topping Q2 estimates,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
erasing most of its recent rally
</strong>
</a>
</li>
<li style="Margin:0 0 8px 0">
<strong>
Hims
</strong>
<strong>
& Hers
</strong>
shareholders
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
applauded
</strong>
</a>
its expansion into testosterone treatments
</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:#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 aria-level="1" style="Margin:0 0 8px 0">
<strong>
Uber
</strong>
will add
<strong>
Joby
</strong>
’s
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Blade helicopter trips
</strong>
</a>
and seaplane services to its app as soon as next year
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
Netflix
</strong>
is making it easier for advertisers to get in front of its growing ad tier audience through
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a new partnership
</strong>
</a>
with
<strong>
Amazon
</strong>
</li>
<li style="Margin:0 0 8px 0">
<strong>
Asset Entities
</strong>
will merge with Vivek Ramaswamy’s Strive and launch a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
bitcoin treasury
</strong>
</a>
</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-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>
More than 14,000 bank branches have closed in the US since 2012.
</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;">
Thursday
</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 aria-level="1" style="Margin:0 0 8px 0">
August Consumer Price Index
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Earnings expected from
<strong>
Adobe
</strong>
and
<strong>
Kroger
</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">
</p>
<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 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>
2
</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;">
website
</a>
for further details.
</p>
<p style="margin:0;margin-bottom:16px">
<sup>
3
</sup>
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>
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;">
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.
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