# OpenAI Burned $3.7B in Cash Despite Surging Revenue, Snap's New Glasses Tank the Stock

Page: https://stenobird.com/podcast/the-rundown-6758831/openai-burned-3-7b-in-cash-despite-surging-revenue-snap-s-new-glasses-tank-the-stock
Text version: https://stenobird.com/podcast/the-rundown-6758831/openai-burned-3-7b-in-cash-despite-surging-revenue-snap-s-new-glasses-tank-the-stock.md
Podcast: [The Rundown](https://stenobird.com/podcast/the-rundown-6758831)
Published: 2026-06-17T15:03:18+00:00
Episode link: https://podcasters.spotify.com/pod/show/the-rundown6/episodes/OpenAI-Burned-3-7B-in-Cash-Despite-Surging-Revenue--Snaps-New-Glasses-Tank-the-Stock-e3ktt3g
Audio file: https://traffic.megaphone.fm/APO4945926047.mp3
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Duration seconds: 644

## Resource

Market update for Wednesday June 17, 2026 Check out the Public app for incredible investing tools and to support the show ( LINK ) Follow us on Instagram ( @TheRundownDaily ) for bonus content and instant reactions. In today’s episode, Zaid covers: Kevin Warsh's first meeting as Fed Chair and why the conversation has flipped from rate cuts to rate hikes OpenAI's leaked Q1 financials reveal surging revenue AND surging losses Snap unveils $2,200 AR smart glasses and the stock immediately tanks AST SpaceMobile launches three satellites aboard a SpaceX rocket Lionsgate whipsaws on Netflix acquisition rumors SpaceX options shatter every record in their trading debut NOTE: No episode Thursday or Friday. The stock market is closed Friday for Juneteenth. No deep dive this weekend as well, but an interview will be posted on Sunday morning. We'll be back on Monday with a full recap of the Fed meeting.

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