#Breaking:
Apple names John Ternus CEO, replacing Tim Cook, who becomes chairman.
$AAPL

#New: Philz Coffee reversal:
Company says it will keep the Pride flags up in cafes, apologizes “to the LGBTQIA+ community that has been with us since the very beginning.”

#New: San Francisco Bay Area has reclaimed the title as most expensive metro area in the US.

Median home price: $1.7 million.

SF home prices rose 14.4% over the last year.
US home prices rose 1.2% over the last year.

Redfin says AI money is the spark.

#New: Allbirds, the sustainable shoe company, just announced a pivot from shoes .. to AI.

Stock in the San Francisco based company now up 380%.

Twitter is having an outage …

#New: Monthly gap between buying (mortgage payment) and renting:

National average: $415

San Jose: $3,438
San Francisco: $2,212
Los Angeles: $2,174
San Diego: $1,724
Seattle: $1,292

Source: zillow

It's the annual Ask a Manager salary survey! Every year, vastly fewer men fill this out than women. Men, please share your salary info (anonymously) so we have concrete salary comparisons to inform pay negotiations and fight the pay gap

#New: Bay Area rents (median 1BR):

San Francisco: $3,790*
Palo Alto: $3,610**
Mtn View: $3,380
Sunnyvale: $3,130
Santa Clara: $3,040
Redwood City: $2,930
San Jose: $2,660
Berkeley: $2,270
Oakland: $2,000

*Up 18.5% in one year
**Up 14.6% in one year

Source: Zumper

#Update: Elizabeth Holmes has had a year of her sentence removed.

US District Judge Edward Davila just took 12 months off of her original sentence of 11 years and three months.

The reduction is from a 2023 amendment affecting certain offenders with no prior criminal history.

#Breaking: Verdict in the Elon Musk Twitter case:

-Jury rules that Musk defrauded (intentionally misled) Twitter investors by disparaging the company in 2022, trying to buy it for less than his original $44 billion bid.

Damages to be determined.

Alysa Liu
Kehlani
Ryan Coogler
Delroy Lindo
Zendaya
Raphael Saadiq

Oakland is killing it this month.

(Sinners playing now at the Grand Lake Theater).

Once again, gas can be found in Silicon Valley for more per gallon than the federal hourly minimum wage.

People always gave our family those posters, stickers, beer steins, etc. Pretty cool …

Watch: Elon Musk sends A DECOY TESLA AND GUARDS to try and fool the press as he enters the SF courtroom today for the Twitter buyout trial.
(Keep going .. we found him).

#New: Bay Area rent (median 1BR):

San Francisco: $3,630*
Palo Alto: $3,450**
Mtn View: $3,220
Sunnyvale: $3,030
Santa Clara: $2,870
Redwood City: $2,760
San Jose: $2,510
Berkeley: $2,200
Oakland: $1,980

*up 15.6% in one year
**up 16.2% in one year

Source: Zumper

Thank you!!!

#New:
In Silicon Valley:

Average tech wages reached $189,000 in 2025.

Richest 10% hold 75% of liquid wealth; bottom half holds less than 1%.

More than one-quarter of households cannot meet basic needs.

Median home costs $2 million.

-Joint Venture Silicon Valley

#Breaking: FedEx is suing the U.S. seeking full refund of the Trump tariffs.

Is this the first domino to fall?

#New: 30-year fixed mortgage is now at 5.99%.

#Breaking: Dow futures down 260, Bitcoin down $4,000 on new Trump tariffs.
$BTC

#New: Rent burden:

In the San Francisco Bay Area, half of renter households spend at least 30% of their income on rent, and one quarter spend more than half.

That’s the highest number in the nation.

Source: ApartmentList

The times we live in:

The Judge in the social media addition trial just threatened to hold anyone recording the Mark Zuckerberg testimony with AI glasses in contempt of court.

The typical American homebuyer payed 4% less than the asking price last year.

But ..

In San Francisco, the average price payed was 4% ABOVE asking price.

In San Jose, 2.3% above asking price.

In Oakland, 1.3% above asking price.

Source: Redfin

#New: A minimum annual income of $213,200 is needed in California to afford the $5,330 monthly payment.

In San Mateo County, the minimum income is $507,600.
(Avg monthly payment: $12,690)

In Santa Clara County, $470,800.

In San Francisco County, $441,200.

Source: Cal Assn of Realtors

Billboards in San Francisco promoting ICE during Super Bowl week:
“Defensive Player Of The Year.”

#New: Rent in the Bay Area (median 1BR):

San Francisco: $3,670
Palo Alto: $3,250
Mtn View: $3,220
Redwood City: $2,940
Sunnyvale: $2,930
Santa Clara: $2,920
San Jose: $2,620
Fremont: $2,390
Berkeley: $2,170
Oakland: $1,980

Source: Zumper

#New: Neil Young says he'll give residents of Greenland free access to his music catalog.

From Young:
“I hope my music and music films will ease some of the unwarranted stress and threats you are experiencing from our unpopular and hopefully temporary government."

Gold and silver prices are both now at record highs.

Gold just topped $5,000/oz for the first time.

Hahaha. True!

#New: Least affordable cities (home affordability) in the world:

1. San Jose
2. Los Angeles
3. Long Beach
4. San Diego
5. Vancouver
6. Paris
7. Porto (Portugal)
8. New York
9. Miami
10. San Francisco

-Remitly