# cypher (blogs) — RSS Amplifier Recent posts from the 2 feeds in the RSS Amplifier directory that cover cypher. Page: Feed: --- ## [How Much Lower Can AppLovin Fall?](https://www.accruedint.com/p/how-much-lower-can-applovin-stock-fall) _2026-08-20 · Accrued Interest (Simeon M.) · Accrued Interest_ If you own $APP, or you're eyeing the dip, let's talk valuation. Here's my downside case. ## [How Wall Street Misread Netflix ($NFLX): My Talk with Tim Rowe on the State of Streaming Podcast](https://www.accruedint.com/p/how-wall-street-misread-netflix-nflx) _2026-08-20 · Accrued Interest (Simeon M.) · Accrued Interest_ YouTube ($GOOGL) is the only company in Netflix's weight class. Plus: what Fox ($FOXA) buying Roku ($ROKU) really does to your home screen. ## [Accrued Interest Institutional Is Now Open to New Clients](https://www.accruedint.com/p/accrued-interest-institutional-open-to-new-clients) _2026-08-18 · Accrued Interest (Simeon M.) · Accrued Interest_ Accrued Interest Institutional offers bespoke, project-based research for funds, firms, and investors in tech, media, and telecom. No set scope, no set price. ## [Accrued Interest Weekly Cypher: Aug 16, 2026](https://www.accruedint.com/p/weekly-cypher-reddit-sp-500-applovin-duolingo) _2026-08-16 · Accrued Interest (Simeon M.) · Accrued Interest_ Week-in-Review: Reddit Joins S&P, Updates on AppLovin and Duolingo, and my new TMT Multiple Tracker for Subs ## [The TMT Multiple Tracker 8.14.26](https://www.accruedint.com/p/the-tmt-multiple-tracker-august-14-2026) _2026-08-14 · Accrued Interest (Simeon M.) · Accrued Interest_ Tech and media stock valuations, EPS revisions, and P/E changes. Week of August 14, 2026. ## [Duolingo Q2-26: Growing Users, Not Money](https://www.accruedint.com/p/duolingo-duol-q2-2026-earnings-bookings-paid-subscribers) _2026-08-13 · Accrued Interest (Simeon M.) · Accrued Interest_ Most of my bear case played out. Here is why I am upgrading anyway. ## [AppLovin Q2-26: I Got This One Wrong](https://www.accruedint.com/p/applovin-q2-2026-why-app-stock-fell) _2026-08-10 · Accrued Interest (Simeon M.) · Accrued Interest_ 5 reasons the market stopped paying up, and why I do not expect a re-rate before 2027. ## [Reddit Has a Landlord, and His Name Is Google](https://www.accruedint.com/p/reddit-stock-sell-rddt-q2-earnings) _2026-08-05 · Accrued Interest (Simeon M.) · Accrued Interest_ Reddit crushed Q2 earnings and the stock fell 21%. Here's what the market saw that the bulls didn't. ## [Accrued Interest Weekly Cypher: August 3, 2026](https://www.accruedint.com/p/accrued-interest-weekly-cypher-august) _2026-08-03 · Accrued Interest (Simeon M.) · Accrued Interest_ Week-in-Review: Netflix Is Quietly Out-Growing YouTube, Universal Is the "NOT-Disney" Option, and the Reddit Bulls Get a Reality Check ## [Will Netflix Buy NBCUniversal? The Numbers Say Yes, But Not Until 2029](https://www.accruedint.com/p/will-netflix-buy-nbcuniversal) _2026-07-29 · Accrued Interest (Simeon M.) · Accrued Interest_ Comcast’s Q2-26 numbers say NBCUniversal is a theme park company with a studio attached ## [Earn crypto for idle GPUs (Sponsored)](https://crawlproof.com/a/s2DwG5l4mH2Q) _2026-07-29 · **Sponsored**_ Run one CLI, host Qwen/Llama/Mistral, and earn BTC, ETH, SOL, or USDC ## [3 Ways Google's Q2-26 YouTube Results Show Netflix Is Stronger Than You Think](https://www.accruedint.com/p/youtube-vs-netflix-revenue-q2-2026) _2026-07-27 · Accrued Interest (Simeon M.) · Accrued Interest_ Alphabet's Q2-26 earnings put YouTube ad revenue at $11.1B growing 12.9%. Netflix grew 13.4%. A side-by-side look at growth, monetization, and scale. ## [Accrued Interest Weekly Cypher: July 26, 2026](https://www.accruedint.com/p/accrued-interest-weekly-cypher-july-e20) _2026-07-26 · Accrued Interest (Simeon M.) · Accrued Interest_ Week-in-Review: Paywall Drops, Paramount Hits Pause, and Everybody Suddenly Hates Google Again ## [Nintendo Is Not the Apple of Video Games](https://www.accruedint.com/p/nintendo-is-not-the-apple-of-video) _2026-07-22 · Accrued Interest (Simeon M.) · Accrued Interest_ Attach rates, the installed base ceiling, and the PC gaming migration all say what the stock price doesn't: this hardware company does not deserve a software multiple. ## [Accrued Interest Weekly Cypher: July 19, 2026](https://www.accruedint.com/p/accrued-interest-weekly-cypher-july-346) _2026-07-19 · Accrued Interest (Simeon M.) · Accrued Interest_ Week-in-Review: $PSKY, $WBD, $NFLX and Wed's surprise stock ## [The Netflix Engagement Panic Is Wrong: Q2-26 Earnings Review](https://www.accruedint.com/p/the-netflix-engagement-panic-is-wrong) _2026-07-17 · Accrued Interest (Simeon M.) · Accrued Interest_ What the NFLX engagement doomers, the FCF headlines, and the price-target cuts all get wrong. ## [The Math Behind the Merger: Why the States’ Case Against PSKY + WBD Is Winnable ($PSKY, $WBD)](https://www.accruedint.com/p/the-math-behind-the-merger-why-the) _2026-07-15 · Accrued Interest (Simeon M.) · Accrued Interest_ The states aren’t arguing politics. They’re arguing about math. ## [Accrued Interest Weekly Cypher: July 12, 2026](https://www.accruedint.com/p/accrued-interest-weekly-cypher-july) _2026-07-12 · Accrued Interest (Simeon M.) · Accrued Interest_ Meta's +15% Week and Why Netflix Isn't Panicking ## [Why Fox and Telemundo Don't Mind That the USA and Mexico Are Out](https://www.accruedint.com/p/why-fox-and-telemundo-dont-mind-that) _2026-07-10 · Accrued Interest (Simeon M.) · Accrued Interest_ What pricing Spanish-language soccer ads taught me about the World Cup's real business. ## [The Pitch-Mas Shorts Went 6-for-6: My H1 2026 Scorecard (Pt.1)](https://www.accruedint.com/p/the-pitch-mas-shorts-went-6-for-6) _2026-07-08 · Accrued Interest (Simeon M.) · Accrued Interest_ Accrued Interest is the #1 short-selling newsletter for value investors. The S&P 500 rallied +9.51% in the first half of 2026; my six December shorts declined an average of -29.43%. ## [The Next Era of Accrued Interest Starts Today](https://www.accruedint.com/p/the-next-era-of-accrued-interest) _2026-07-06 · Accrued Interest (Simeon M.) · Accrued Interest_ For my day ones, founding pricing is locked in the moment you pledge ## [Stream Torrents & IPTV Instantly (Sponsored)](https://crawlproof.com/a/QWSJErLRd7od) _2026-07-06 · **Sponsored**_ Search magnet links and stream movies, music, books, and live TV in-browser ## [The Release Valve on the CapEx Bill: What Meta’s Compute Plan Actually Signals](https://www.accruedint.com/p/the-release-valve-on-the-capex-bill) _2026-07-01 · Accrued Interest (Simeon M.) · Accrued Interest_ A hedge on the biggest infrastructure bet in the company’s history. ## [Comcast Says the Quiet Part Out Loud](https://www.accruedint.com/p/comcast-says-the-quiet-part-out-loud) _2026-06-30 · Accrued Interest (Simeon M.) · Accrued Interest_ Comcast is spinning off NBCUniversal and Sky — my first take on the biggest TMT breakup in years. ## [Fox + Roku Part 3: The 11x FCF Chokepoint](https://www.accruedint.com/p/fox-roku-part-3-the-11x-fcf-chokepoint) _2026-06-26 · Accrued Interest (Simeon M.) · Accrued Interest_ Part Three of an Accrued Interest Deep Dive on Roku’s Valuation ## [Rules as Written](https://montecook.substack.com/p/rules-as-written) _2026-06-25 · Monte Cook · RPG Design Theories_ In the early days of 1st Edition D&D (AD&D), Gary Gygax made a point of saying that if you weren’t playing by the rules of the game, as they were presented in the rulebook, you weren’t really playing D&D. ## [Designing Dungeons Part 3](https://montecook.substack.com/p/designing-dungeons-part-3) _2026-04-28 · Monte Cook · RPG Design Theories_ This is the third and last piece that I’m going to write about dungeons (at least for now). ## [Designing Dungeons Part 2](https://montecook.substack.com/p/designing-dungeons-part-2) _2026-04-21 · Monte Cook · RPG Design Theories_ Or, Designing More Dungeons ## [Designing Dungeons](https://montecook.substack.com/p/designing-dungeons) _2026-04-13 · Monte Cook · RPG Design Theories_ Since I’m in the middle of designing a big dungeon right now, I really want to talk about actual dungeons, as in, “…and dragons:” dark, damp, underground complexes filled with danger and—as the characters hope—treasure. ## [The Pros and Cons of Metacurrency](https://montecook.substack.com/p/the-pros-and-cons-of-metacurrency) _2026-03-10 · Monte Cook · RPG Design Theories_ Last time, I wrote about metacurrencies and proposed a way of looking at them not so much as extraneous to the rules, but as a part of the rules that can be a resource to manage (spending, conserving, restoring, etc.). ## [Metacurrency](https://montecook.substack.com/p/metacurrency) _2026-02-09 · Monte Cook · RPG Design Theories_ I’m back! ## [Roll the Dice and See](https://montecook.substack.com/p/roll-the-dice-and-see) _2025-11-13 · Monte Cook · RPG Design Theories_ Today we’re going to talk about dice. ## [Ask the crowd: AI or not (Sponsored)](https://crawlproof.com/a/NlJT88WMHYcJ) _2025-11-13 · **Sponsored**_ Get a transparent verdict from verified humans via web, RSS, or API. ## [Levers and Fixes](https://montecook.substack.com/p/levers-and-fixes) _2025-10-21 · Monte Cook · RPG Design Theories_ I’m fascinated by someone in a recording studio working the mixing board. ## [Teaching the GM to Fish](https://montecook.substack.com/p/teaching-the-gm-to-fish) _2025-09-09 · Monte Cook · RPG Design Theories_ We’ve all heard the adage, “Give a man a fish and he’ll eat for a day, teach a man to fish and he’ll be fed for a lifetime.” It’s way overused and often very inappropriately applied. ## [Player Choice](https://montecook.substack.com/p/player-choice) _2025-09-01 · Monte Cook · RPG Design Theories_ More than anything, a key design goal of the new edition of Cypher has been to not just give players choices, but to ensure that those choices are interesting.