Duolingo: The Owl Has a Distribution Problem

$DUOL Q1 2026 ER Update

May 12 • Lorenzo Bastianelli

5

2

Lemonade: the Vertical Ontology of Insurance

$LMND Q1 2026 Earnings Update

May 2 • Lorenzo Bastianelli

8

April 2026

$ZETA is the Marketing Vertical Ontology

Walled gardens are taking ad spend. My thesis: Zeta ($ZETA) becomes the “commission” layer that boosts ROAS via identity + orchestration (incl. Meta ID…

Apr 26 • Lorenzo Bastianelli

2

HIMS: I am calling the bottom

$HIMS Q4 2025 ER Update

Apr 5 • Lorenzo Bastianelli

3

March 2026

Duolingo: becoming a vertical AI

$DUOL Q4 2025 ER Update

Mar 29 • Lorenzo Bastianelli

2

Rocket Lab infinite TAM

$RKLB Q4 2025 ER Update

Mar 21 • Lorenzo Bastianelli

3

Mercado Libre: the best time to buy

$MELI Q4 2025 ER Update

Mar 15 • Lorenzo Bastianelli

3

February 2026

Oddity: The Smartest Trade of All Time

$ODD Q4 2025 ER Update

Feb 28 • Lorenzo Bastianelli

7

1

Lemonade: Innovator's Dilemma—Squared

$LMND Q4 2025 Earnings Update

Feb 21 • Lorenzo Bastianelli

5

2

Nebius: Killed By Chinese Models?

$NBIS Q4 2025 Earnings Update

Feb 16 • Lorenzo Bastianelli

3

$ZETA: Winning a Negative-Sum Game

Data is the prize

Feb 13 • Lorenzo Bastianelli

4

2

Invest in AI, Avoid the Bubble - Ep. 4/4

What to avoid

Feb 8 • Lorenzo Bastianelli

1