Good morning & happy Tuesday! Today, we're diving deep into Visa's Q4 2026 earnings, which capped its best year in 15 years yet still make V 0.00%' a SELL (why Visa's 15% growth is really 13%, why the payouts it makes to banks are now growing faster than its revenue, what its 10-K now says about stablecoins & AI agents, how a November 16 court hearing could flip the rating within weeks, & what to watch next + bonus deep dives into Shopify's Q3 2026 earnings and what's After the Click: The Playbook for the New Internet Era inside), and breaking down Perplexity Teammates, the first always-on AI agent product built as a staff of isolated agents (how they stack up against OpenAI, Meta & xAI, why per-seat pricing is in trouble, & what to watch next + bonus guide into How to Run a One-Person Company on Grok Bot, and The Super-Agent Blueprint: Building an Always-On, Production-Grade AI Agent inside). So let's just jump straight into the interesting stuff '' Earnings time ' Payments giant...
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