(Part 3 of 4) - News from the last week (20Jul2026)
News and my thoughts from the past week (20Jul2026)
Meta is having a moment... again. Facebook, Instagram, and Messenger are glitching for users around the world, with desktop Facebook logins failing and Instagram throwing up “something went wrong” messages. The apps appear to be working for some people, so this isn’t a total blackout, just enough chaos to make everyone wonder whether they’ve been hacked. Nope. Meta is simply falling apart again. Source: The Independent / Writer: Ian
The US is spending $50 billion on data center construction, exceeding the combined spending on airports, ports, and mass transit, per Bloomberg.
"We replaced Salesforce with a vibe-coded CRM built for our own workflows. The custom system integrated our AI agents more effectively, worked better for the team, and made Salesforce unnecessary. That decision cut a $600,000 annual software bill to zero." - X user Harry Stebbings
Big Tech’s dominance is unprecedented: The Technology, Media, and Telecom (TMT) sector now accounts for a record 49% of the S&P 500’s market value. This is ~9 percentage points above the 2000 Dot-Com Bubble peak and ~20 percentage points above the late-1960s high. The tech sector now carries a larger weight than the financials, cyclicals, and defensives sectors combined. By comparison, TMT accounted for just ~19% of the S&P 500 during the 2008 Financial Crisis. The US stock market has never been this reliant on tech. - X user The Kobeissi Letter
Warren Buffett told CNBC it's "tough to find values when everybody is preferring gambling." His company Berkshire Hathaway is holding $397 billion in cash and has been selling more stock than it buys for over a year. In May he called the market "a church with a casino attached." He was specifically talking about same-day options, which are essentially bets on whether a stock goes up or down within hours. Volume on those is at record levels while retail investors pile into Micron and the SpaceX IPO.
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