Neal Freiman

So if you wanted to beat the S&P 500, if as an investor, you would put all of your money in software stocks.

But over the past week, they've essentially wiped out all of their advantage over the broader index in the past five years, just in the past couple of days alone.

Saspocalypse is an apt way of framing it, I do believe.

Moving on, the Washington Post is 150 years old, but 13 years of ownership by Jeff Bezos might be enough to kill it.

Yesterday, the storied paper was left wounded and bleeding after announcing mass layoffs.

The book section shut down.

International News Desk hollowed out.

Sports section, a shadow of what it once was.

When the dust settled, one-third of the Post's total staff was cut.

According to company leadership, the idea is for the paper to rise from the ashes with a greater focus on national news and politics, with some additional business and health reporting, and not much else beyond that.

Matt Murray, the Post's executive editor, said that the company had lost too much money for too long, as monthly traffic to the paper has nearly halved in recent years.

Of course, the buck stops with Bezos, who bought the paper back in 2013.

Flashback to 2024, he sounded topical,

tired but optimistic about the Post's chances of a turnaround, saying, We saved the Washington Post once, and we're going to save it a second time.

But to many observers, culling newsroom staff feels more like a death sentence than a lifeboat.

Neil, former Washington Post editor Marty Baron called Wednesday's announcement among the darkest days in the history of one of the world's greatest news organizations.

The knives were out for Bezos yesterday in the New York Times.

They wrote that the cuts are a sign that Jeff Bezos, who became one of the world's richest people by selling things on the Internet, has not yet figured out how to build and maintain a profitable publication on the Internet.

There was an Atlantic headline that read the murder of the Washington Post.

And the thrust of these arguments is that this is not inevitable.