Tangle Today is an automated read of the public record. Every figure on the front page comes out of a document a company filed with the Securities and Exchange Commission, under penalty of law, because it had to.
Who owns it
Tangle Today is owned by the same company that builds Tangle.
That sentence appears here, in the footer of every page, and on any story about Tangle, a Tangle client, or the founder. It is the disclosure required by section 2 of the editorial independence policy, and there is no version of this publication in which it is left off or set in small type.
The owner is Tomás Rangel. The editor's role is held on an interim basis by ARAI, the in-house model — which the same company builds and operates, so the editorial function is not independent of the owner. The consequences of that are set out at the top of the editorial independence page, including the coverage this publication will not attempt while it remains true. Read that page before you decide how much weight to give anything here.
Where the numbers come from
One source, so far: SEC EDGAR, the archive of filings made by United States public companies. Those filings are public domain — not licensed, not scraped from behind anything, not bought. The revenue and profit figures are read from the structured data the companies themselves tag in their filings, which is the machine-readable half of what they tell the regulator.
You can read the same archive: the SEC's own company search reaches every filing this publication reads.
How it is made
- Every figure links to its source. A number without a citation does not get published. If you cannot open the document behind a figure, that is a defect and it is reportable as a correction.
- An unknown value is an em-dash, never a guess. A missing figure renders as “—”. It is never a zero, never a rounded stand-in, never last year's number quietly reused. Where it is useful, the page also says which half is missing.
- Money is annual only. Where no annual figure exists, the page prints an em-dash rather than a quarterly figure described as a year — an error that would overstate by roughly four times while looking perfectly ordinary.
- Machine-extracted numbers are not published until a human verifies them. This is the rule the publication is most likely to be judged on, so it is worth being specific about.
Why the human check is not a formality
Some of the most important numbers in a filing are not tagged as data at all. How many people a company employs is one of them: it lives in a sentence in the middle of an annual report — “approximately 2.1 million associates” — and the regulator does not require it to be machine-readable. So a program has to read the prose, and a program reading prose is wrong in ways that do not look wrong.
Run across these filings, the extractor returned a headcount for most of the companies, and among those it read Coca-Cola as having 400 employees, Citigroup 800, Boeing 3,200 and AT&T 9,000. Those are not near-misses. Divide profit by four hundred and you get a headline that is wrong by a factor of a hundred, is extremely quotable, and travels far past any correction chasing it.
So machine-read counts are not published. They go to a review queue that never reaches the page. A count appears only once a person has read the sentence in the filing and confirmed it — which is why the front page shows a great many em-dashes in that column, and why each one is more honest than the number that would otherwise sit there.
Who writes it, and who edits it
No human writes it. The front page is generated by a program from public records; the arithmetic is ours and is shown next to its inputs. There is no newsroom and no reporting staff.
Since 2026-08-18 the editor's role is held, on an interim basis, by ARAI — the operation's in-house language model. So, stated exactly: the material here is assembled and edited by machine, and no human sub-edits each item before it publishes. Nothing on this site should be read as having passed a person's desk.
The safeguard that stands in place of that missing human read is not a promise of care. It is this: every figure published here is traceable to a public record and linked to it, so you can open the filing and check the number against the source yourself instead of trusting a name at the top of the page. That is the whole design. It is also why a figure that cannot be traced renders as an em-dash rather than appearing anyway.
What this makes the publication is a disciplined read of public documents, not journalism with an editor's judgement behind each line — and it should be read as the first thing rather than the second.
On the model
ARAI never holds a byline. It never speaks as a person, never as the founder, and does not sign anything here — holding the editor role does not change that. It is a system doing a job, described as a system. Where the model's involvement is material to what a reader is being asked to believe, it is disclosed, which is what this section is.
ARAI is built and operated by the same company that owns this publication, which is why naming it editor does not make the editorial function independent of the owner. That distinction, and the coverage this publication abstains from because of it, is set out on the editorial independence page.
What this is not
- Not investment advice.
- Not a complete picture of any company. It is what the filings say, which is a specific and partial thing.
- Not live. Figures are as of the fiscal periods named on the page, not as of today.
- Not reviewed by a human before publication. The editor's role is held by a machine; check the linked record, not the masthead.
How this page behaves
These pages are files. There is no client-side script on them, no external font, no image loaded from somewhere else, no analytics, and nothing that reports your visit to a third party — a page cannot lecture anyone about independence while quietly describing its readers to someone else. Everything needed to render what you are reading arrived with it. Every link that leaves this site is marked by going somewhere you can see, and the only outbound destination on the masthead is the SEC's own archive.