OpenAI Burned $3.7B in Cash Despite Surging Revenue, Snap's New Glasses Tank the Stock
Market update for Wednesday June 17, 2026
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In today’s episode, Zaid covers:
Kevin Warsh's first meeting as Fed Chair and why the conversation has flipped from rate cuts to rate hikes
OpenAI's leaked Q1 financials reveal surging revenue AND surging losses
Snap unveils $2,200 AR smart glasses and the stock immediately tanks
AST SpaceMobile launches three satellites aboard a SpaceX rocket
Lionsgate whipsaws on Netflix acquisition…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.