Hi! Ride sharing: Of the 7,071 Cybertrucks that Tesla sold in the US in Q4, a whopping 1,279 (18%) went to SpaceX, while another 60 went to other Elon Musk ventures, according to new data. Today we’re exploring: 

Allbirds traded more than JPMorgan and Exxon Mobil on Wednesday

After a surprising announcement that the tech bro shoemaker would be pivoting to AI on Wednesday, shares of Allbirds were flying high, soaring nearly 600% by the end of the day in record trading volume.

This was, for many reasons, completely insane.

Before the latest pop, Allbirds had a miniscule market cap of ~$22 million. But with some $3.8 billion changing hands in BIRD on Wednesday, or more than 25x its market cap in trading volume, it ended the day’s session at a $148 million market cap. All told, there were no other stocks with a market cap less than $1 billion that traded more than $1 billion that day — something of an outlier, to say the least.

Let’s put that into context: two of the stocks that Allbirds out-traded on Wednesday were none other than the world’s largest bank (JPMorgan) and America’s largest oil company (Exxon Mobil), which only turned over $3 billion and $2.3 billion, respectively. 

Sole searching

Though this was perhaps more of a meme stock story than an AI story, those two worlds are starting to overlap, as retail traders have bought up anything adjacent to AI — particularly in the last couple of weeks, as risk-on assets have ripped higher since geopolitical risks have (seemingly) abated and indexes are back to all-time highs.

Of course, we’ve seen this movie before. Remember Algorhythm Holdings, a former karaoke maker turned AI trucking logistics company that obliterated the freight industry only a few months ago? Or the Long Island Iced Tea Corp., which, naturally, got into the blockchain? Allbirds’ latest pivot, which will be funded with its new $50 million convertible financing facility, is also unlikely to concern neocloud leaders like CoreWeave, a company that’s planning to spend $30 billion in 2026.

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LIV Golf’s Saudi backers are reportedly pulling out after pumping $5 billion into the tour

A little under four years ago, LIV Golf officially stormed its way into the golfing world with its inaugural event at the Centurion Club in Hertfordshire, England, where Green Jacket winner Charl Schwartzel got $4.75 million for winning the competition — more than Rory McIlroy pocketed for winning the Masters last Sunday, and the biggest individual prize pot in the sport’s history at the time. 

Now, even as LIV golfers tee off for a tournament in Mexico City, the flashy PGA Tour rival could be on the brink of collapse, following reports that Saudi Arabia’s Public Investment Fund is looking to cut spending on the competition. The fund has sunk more than $5 billion into the project since it was founded in 2021, per The Guardian.

LIV and let die

Attempting to assuage staffers’ anxieties around the rumors, LIV CEO Scott O’Neil sent out a memo telling workers that “Our season continues exactly as planned, uninterrupted and at full throttle.” Less reassuring, however, was the tone that O’Neil took to end the email, signing off with “It matters. You mattered. Now, let’s go win.” — his partial use of past tense fanning online chatter further.

The reports of LIV’s death have sparked a morbid interest in the controversial, ultra-moneyed golf organization, with Google searches hitting some of their highest points since the year of its first event. But for the competition’s backers, the buzz might be too little, too late.

Despite bumper signing bonuses, prize pots, and contracts that lured the likes of Dustin Johnson, Phil Mickelson, and Jon Rahm, LIV never made the online splash that the Saudi Kingdom’s financial managers likely hoped for. Even on YouTube, where tournaments can be livestreamed for free in many markets, the LIV Golf channel has racked up just 437,000 subscribers — arguably not a great return on a $5 billion investment.

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With US beef prices at record highs, America’s protein craze is still driving consumption

Beef has long been ingrained in American culture, and today’s era of “boy kibble” and “protein-maxxing” comes as no exception.

However, even as prices have cooled for other inflation-jacked groceries, the cost of beef has never been higher than in recent months. Per the latest federal data, the average price of all uncooked ground beef in the US was $6.86 per pound in March, which is about $0.03 lower than the all-time high reported in February and 48% higher than five years ago.

Several factors are at play behind the beefed up prices. For one, America’s cattle inventories currently hover around a 75-year low, with the Department of Agriculture reporting that there were just 86.2 million cattle and calves in the US as of January 1st, marking a ~7.4 million reduction in herd size since 2021.

When compared with the human population in the US, the nation’s ratio of people-to-cattle has effectively doubled from 1980 (when cattle headcount was ~111.2 million) to 4-to-1 at the start of 2026. 

Part of the reason for the shift, as outlined by the Associated Press, is that more meat per cow is now harvestable, thanks to changes in genetics and feeding. But cattle farmers have also pointed to dry conditions, fertilizer and equipment costs, and consolidation among meat processors as factors contracting the national herd.

Raise the steaks

Still, alongside the FDA’s push for red meat consumption, demand is soaring. Data from Beef Research cited by Fox News found US shoppers spent over $45 billion on ~6.2 billion pounds of beef in 2025; while spending was up 12% from the year prior, the amount of actual meat that was sold only rose 4%.

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Off the charts: The new chief of which gaming business reportedly told employees that its flagship subscription service “has become too expensive,” after it rose 50% just 6 months ago? [Answer below]. 

Answer here.

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