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Dear Reader,
For the past 41 years, I’ve urged investors to buy stocks.
I bought Apple at $1. Netflix at $2. And called NVIDIA at $1.10. (At split adjusted prices.)
But my latest prediction is something different.
I believe we’re on the verge of perhaps the greatest “Price Crash” in more than a century.
And if history repeats, it could be one of the best things that ever happens to you.
I explain everything in my free presentation here.
Good Investing,
Alexander Green
Chief Investment Strategist, The Oxford Club
Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash Catalyst
Submitted by Jeffrey Neal Johnson. First Published: 7/3/2026.
Key Points
- Klarna’s PriceRunner unit won a nearly $2 billion Swedish antitrust damages award against Alphabet’s Google, though Google is expected to appeal.
- The award could strengthen Klarna’s balance sheet over time, but the final net payout will likely be reduced by taxes, litigation funding and stakeholder arrangements.
- Klarna’s stock remains under post-IPO pressure despite strong revenue growth, making the timing and certainty of any payout important for investors.
- Special Report: Forget SpaceX. Buy the company Musk can't replace.
European regulatory actions are beginning to reshape parts of the buy now, pay later (BNPL) sector, potentially altering the capital trajectory of financial technology players. A historic antitrust verdict could also redefine the balance-sheet potential of one of the market’s most heavily debated growth assets, penalizing a digital search monopoly while giving an aggressive competitor a lucrative, non-dilutive financial runway.
When the Swedish Patent and Market Court handed down a $1.97 billion damages penalty against Alphabet Inc. (NASDAQ: GOOGL) this week, global headlines immediately focused on the escalating regulatory pressure facing tech monopolies. The Swedish court ruled that Alphabet systematically abused its dominant position in search to favor proprietary shopping tools over independent price-comparison platforms. While this sets a distinct legal precedent for Big Tech, the actionable story for retail investors is not the loser in the courtroom.
Weighing the Impact on Klarna's Ledger
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Watch the full story and see the verified track record for yourselfThe real narrative centers on the victor, Klarna Group (NYSE: KLAR), and how an unexpected influx of capital could reshape its balance sheet and accelerate its path to profitability. To understand the magnitude of this event, investors need to look past the legal jargon and focus on the numbers.
Klarna's PriceRunner subsidiary successfully proved its case against Alphabet, resulting in the largest competition damages award in Swedish history. More importantly for shareholders, that $1.97 billion judgment represents roughly 25% of Klarna's total market capitalization of $7.37 billion. This legal windfall provides a critical anchor for a stock navigating a turbulent post-IPO environment.
The $1.97B Injection Klarna Desperately Needs
To accurately price this catalyst, investors should place the cash award in the context of Klarna's current financial reality. Klarna went public in a highly anticipated September 2025 initial public offering, but shares have struggled to maintain momentum.
Klarna's stock price has remained down approximately 30% since the start of the year, trading near $20. A major factor behind that downward pressure was the expiration of Klarna's post-IPO lock-up period on March 9, 2026, which abruptly opened approximately 335 million pre-IPO shares to potential institutional liquidation.
Despite the sluggish chart performance, the underlying business is executing at an exceptional level. In its most recent quarter, Klarna delivered top-line revenue of $3.51 billion on an annualized basis, reflecting 42.7% year-over-year growth. Klarna also reported an earnings-per-share loss of 1 cent, beating the consensus estimate of a 13-cent loss.
Klarna remains unprofitable in its current growth phase. Trailing 12-month net margins stand at -5.21%, translating to a net income loss of $294 million. When a company is operating with negative margins and a lofty forward price-to-earnings ratio of nearly 500, access to cheap capital is critical. A $1.97 billion non-dilutive capital injection would be the ultimate fundamental stabilizer, giving Klarna the runway to fund aggressive expansion without tapping high-interest debt markets or issuing new equity that would dilute existing shareholders.
Defending the Title Through the Appeals Process
While a headline figure of nearly $2 billion is enough to send shares up 6% in a single session, pragmatic investors must discount that gross figure before modeling it into future cash flows.
Alphabet operates with a deeply entrenched legal defense infrastructure and has already signaled its intent to appeal the Swedish court's decision. This introduces immediate appellate friction, meaning the capital will not hit Klarna's balance sheet this quarter or likely even this year. The timing of the liquidity event remains highly uncertain, and markets despise uncertainty.
The net payout will be significantly smaller than the gross award. Klarna acquired PriceRunner in 2022, and the structure of that acquisition, combined with the immense costs of a multi-year antitrust lawsuit, means the final judgment could be reduced.
Litigation funders, legal teams, and former PriceRunner stakeholders will all take their contractual percentages. What remains will then be subject to applicable corporate taxation. The net cash position Klarna eventually secures will still be highly impactful, but anchoring a valuation model to the raw $1.97 billion figure is a fast track to mispricing the equity.
Alphabet's Stock Barely Reacted
Looking at the other side of the courtroom reveals an entirely different market reality. Alphabet shares remained largely insulated by the headline, trading modestly higher during the July 1 session. Alphabet's short interest currently sits at an immaterial 0.84% of the public float, representing roughly 89.84 million shares. Institutional bears are not using European antitrust headwinds as a short thesis, suggesting the broader market views the penalty as an operational expense rather than a structural valuation threat.
Alphabet is experiencing consistent insider selling, with executives like Sundar Pichai and John Kent Walker offloading millions of shares, but this activity is tied to valuation highs and capital structuring, not regional litigation fears. The market is also digesting Alphabet's recently announced $80 billion equity financing plan designed to fund $36 billion in artificial intelligence (AI) infrastructure expansion. That dilution risk is the primary downward pressure on Alphabet, not the Swedish penalty.
Assuming the legal victory holds through the appeals process, Klarna will aggressively deploy its new capital to compete in that same artificial intelligence arena. Klarna is repositioning itself from a simple checkout button to a comprehensive, AI-driven commerce destination.
The PriceRunner architecture is already embedded across 13 distinct geographic markets, allowing Klarna to offer consumer price comparisons directly within its proprietary app. By vertically integrating search, product discovery, and flexible payments into a single ecosystem, Klarna aims to capture consumer intent before consumers ever reach a traditional search engine.
For institutional backers like SoftBank Group and Silver Lake, this legal victory validates the strategic foresight behind the 2022 PriceRunner acquisition.
Placing Bets After the Final Bell
The Swedish antitrust ruling creates a distinct structural catalyst for Klarna, temporarily overriding broader macroeconomic concerns about consumer spending. The fundamental reality is that Klarna is growing revenue at a 42.7% clip, beating earnings estimates, and now has a historic legal judgment serving as a long-term financial backstop.
Investors looking for high-beta exposure to the evolving digital payments landscape may want to add Klarna Group to their watchlist as the market digests the long-term balance-sheet implications of this courtroom knockout.
AI Insider Activity: Are Sales Across 3 Key Stocks Noteworthy or Just Noise?
Submitted by Leo Miller. First Published: 7/7/2026.
Key Points
- Alibaba’s recent insider selling was dominated by one large discretionary sale from President J. Michael Evans.
- Cerebras insiders have sold shares after the company’s IPO, but the volume appears limited relative to the shares eligible for sale.
- CoreWeave’s insider sales are much larger and more persistent, creating a more meaningful overhang for investors.
- Special Report: Forget SpaceX. Buy the company Musk can't replace.
Insiders are selling shares in three important names tied to very different parts of the artificial intelligence (AI) value chain. That includes one of the world’s largest AI model developers, the newest AI chip developer to go public, and the market’s largest neocloud. But insider sales often send noisy and sometimes unclear signals. So are these latest moves just background noise, or do they tell investors something meaningful?
Alibaba Sees Spike in Sales, But Only One Matters
Alibaba Group (NYSE: BABA) is best known for its massive Chinese e-commerce platform. However, outside the United States, Alibaba is also one of the world’s largest investors in AI. The company has developed its Qwen family of models. While not necessarily considered a “frontier model,” Qwen has shown strong capabilities from an intelligence standpoint.
A letter from Shannon Stansberry (Ad)
Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live.
Watch the full story and see the verified track record for yourselfNotably, Alibaba has recently seen a spike in insider sales. Sales came in at nearly $71 million in Q2, all in late June. Notably, none of these sales came under a predetermined 10b5-1 plan, indicating that they were discretionary in nature. However, in many cases, that turns out not to be the case. Other than company president Michael Evans' $68.3 million sale, insiders sold shares to pay taxes on restricted stock units. As a result, those sales were neither discretionary nor especially worrisome. Evans' sale, however, was by far the largest and was discretionary. On June 29, 2026, Evans sold nearly all of his held shares in two transactions, reducing his stake from 720,000 to just 28,000 shares.
Overall, this very large sale is moderately concerning. However, only one insider made a move of this size. Going forward, investors may want to monitor whether other insiders reduce their holdings to a similar degree, which would suggest growing trepidation among insiders.
Insider Sales Eclipse $20 Million After Cerebras IPO
Cerebras Systems (NASDAQ: CBRS) went public in May 2026, bringing a highly unusual product to the AI semiconductor space. The company is known for its “wafer-level” chips. Many semiconductors are cut from a single wafer during chip manufacturing. In Cerebras’ case, each chip is the size of a full wafer. The company argues that this increases efficiency and has signed deals with OpenAI and Amazon.com (NASDAQ: AMZN) to supply chips.
However, shares have tumbled since the IPO, falling well more than 30%. Notably, Cerebras uses a staggered IPO lock-up expiration, which allows insiders to sell shares before the typical 90- to 180-day waiting period. In turn, insiders have sold approximately $21 million worth of shares over recent weeks. None of these sales came under 10b5-1 plans. Overall, insiders appear to be seeking liquidity even as shares have fallen sharply, which is somewhat concerning at first glance.
It is also important to note that nearly 28 million shares held by directors, officers and nonemployee investors became eligible for sale after Cerebras’ latest earnings report. However, actual reported insider sales so far represent only a small fraction of that amount, suggesting insiders may be showing restraint despite a much larger potential selling window.
CoreWeave’s Sales Reach All-Time High Levels in Q2
CoreWeave (NASDAQ: CRWV) is the AI market’s best-known neocloud. Since going public in March 2025, CoreWeave has seen a high level of insider selling. Overall, MarketBeat has tracked nearly $8.5 billion in insider sales in the last 12 months. CoreWeave’s insider sales fell significantly to $396 million in Q1 2026. That compared with sales above $2 billion in each of the prior two quarters, suggesting the pace may have been easing. However, Q2 2026 ended up being CoreWeave’s largest quarter of insider sales yet, with the figure reaching $3.27 billion.
The vast majority of CoreWeave’s insider sales come through 10b5-1 plans. While that is often a mitigating factor, the company’s raw sales are so large that it does not change the overall picture much. Insiders have shown a pattern of selling this stock in large quantities, and that is a real warning sign for investors. Additionally, as shares rose 28% in Q2 2026, insider sales soared, putting pressure on the rally as insiders sold into strength. Overall, the insider sales at CoreWeave are not only bearish signals but also create a structural overhang on the stock.
CoreWeave Sales Raise Red Flags; Monitor Alibaba and Cerebras
Taken together, CoreWeave’s insider sales are the only ones that should raise real concern for investors at this point. The scale and persistence of the selling create a structural overhang that is difficult to ignore, even if many transactions were executed under 10b5-1 plans.
Alibaba and Cerebras still deserve monitoring, but their recent insider activity looks more isolated or restrained by comparison. For investors, the real signal is not that AI insiders are selling. It is whether those sales are routine liquidity events, post-IPO monetization, or evidence that insiders see limited upside after a strong run.
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