+0.0
net board stance
what this means
259.24
-4.9% · close 2026-11-06
+0% / -16% / +19%
1m / 3m / 12m
+27%
vs SPY since 2025-08-01
47%
of 52w range · -23.4% off high
0/1
hit rate as primary · vs SPY -50
Where All-In Alpha stands — 0 live ideas
No active idea holds this ticker. Anything below is history.
Where the winds are blowing
NET BOARD STANCE, LAST 60 EPISODES —
rising = the besties are building this position, falling = abandoning it. From the
conviction ledger; an idea counts from birth until its window closes. Dots mark episodes
where this ticker's ideas were actually mentioned; a dashed stretch is silence.
Last mention E235 · silent for 61 episodes.
PRICE VS SPY OVER THE SAME WINDOW, % — did the
talk lead the tape or follow it?
Who's pushing which way
each voice's net push ON THIS TICKER — their most recent stance per idea × that idea's direction ON THIS TICKER × strength, so supporting a bearish idea pushes down, unless this ticker is listed as the other side of it. Not conviction (that lives on the idea); this is direction of travel per person. what w= means
Track record on EXPE
As a PRIMARY play the besties are 0 hit / 0 partial / 1 miss over 1 closed window — credit 0.0, average vs SPY -50.5. Adjacent plays are listed but never scored.
| idea | call | play | result | return | vs SPY | scored |
|---|---|---|---|---|---|---|
| 🤖 Agents replace the browse-and-click layer and disintermediate consumer apps | ▼ SHORT | adjacent | HALF | +21.3% | -1.1 | 2026-07-11 |
| 📈 Airbnb re-rates from tech multiple to consumer cyclical | ▼ SHORT | adjacent | WRONG | -8.3% | -29.6 | 2025-09-06 |
| 📈 Uber-Expedia super-app cross-sell doesn't pencil | ▼ SHORT | primary | WRONG | -35.4% | -50.5 | 2025-10-18 |
The tape — what was actually said
every capture on any idea holding EXPE, newest first · quotes verbatim, timestamps deep-link into the episode
Chamath
support ×3
▼ on
🤖 Agents replace the browse-and-click layer and disintermediate consumer apps
E235 · 2025-07-11
▶ 53:20
When you do the random sprawl, I think it doesn't work, but I just want to say a browser is the dumbest thing to build in 2025 Because in a world of agents, what is a browser? It's a glorified markup reader. It's like handling HTML. It's handling CSS and JavaScript.
Travis Kalanick
support ×2
▼ on
🤖 Agents replace the browse-and-click layer and disintermediate consumer apps
E235 · 2025-07-11
▶ 50:31
I do know that every consumer software CEO that has an app in the app store is trippin. They're trippin right now. And I mean big boys. I mean guys with real stuff.
Jason
support ×2
▼ on
🤖 Agents replace the browse-and-click layer and disintermediate consumer apps
E235 · 2025-07-11
▶ 50:25
The paradigm shift is so profound that the idea that you would visit a web page goes away, and you're just in a chat.
So I think this actually could work really well as a third tab in the app for travel.
It's just a completely different state of mind. I just don't think that there's much opportunity to cross-sell that. Or to use the typical jargon, I don't think the attach rate is going to be high.
Friedberg
oppose ×3
▼ on
📈 Uber-Expedia super-app cross-sell doesn't pencil
E200 · 2024-10-18
▶ 31:59
you could kind of see yourself rationalizing this just from a financial basis that you're paying four times EBITDA to buy this thing
Chamath
support ×3
▼ on
📈 Uber-Expedia super-app cross-sell doesn't pencil
E200 · 2024-10-18
▶ 29:11
So it would just be a very bad capital allocation decision. Now, that's okay to get things wrong, but not for $30 billion wrong.
Chamath
support ×2
▼ on
📈 Airbnb re-rates from tech multiple to consumer cyclical
E195 · 2024-09-06
▶ 26:03
It's telling you that the people that own it have realized that it's less of a technology business and it's more of a cyclical business that ebbs and flows with the ability to spend money on behalf of the consumer.