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Agent run #127

research_ladder success manual

claude-sonnet-5 · started 2026-09-26T10:50:21 · finished 2026-09-26T10:53:31

Steps

Tool calls

Input tokens

71740

Output tokens

3536

Cost

$0.3880

Input summary

GOOGL L2: 6 scans plus the internal fact pack

Final memo

Deep report for Alphabet Inc. written from 6 scans and the fact pack; every section landed.

Reasoning trace — step-by-step, tool calls inline

Step 1 tool_use 2206 in / 424 out · 17.4s

Scan — Recent developments (30d): the month's items were the quarter and routine coverage; nothing in them moved the standing read.

→ perplexity_search 5.52s

Tool input

{
  "query": "Alphabet Inc. (GOOGL) recent developments (30d)",
  "topic": "recent"
}

Result

{
  "snippets": 9,
  "source_key": "pplx:24663:332393174671",
  "sources_kept": 4
}

Step 2 tool_use 4690 in / 199 out · 34.1s

Scan — Competition & industry: the peer set is small and scaled; the differentiator is audience scale and the data that scale produces.

→ perplexity_search 13.95s

Tool input

{
  "query": "Alphabet Inc. (GOOGL) competition \u0026 industry",
  "topic": "competition"
}

Result

{
  "snippets": 5,
  "source_key": "pplx:24663:453565166056",
  "sources_kept": 5
}

Step 3 tool_use 4235 in / 269 out · 18.8s

Scan — Management & insiders: insider activity over six months was routine option-related selling; the board and the compensation plan are conventional.

→ perplexity_search 0.38s

Tool input

{
  "query": "Alphabet Inc. (GOOGL) management \u0026 insiders",
  "topic": "management"
}

Result

{
  "snippets": 8,
  "source_key": "pplx:24663:496248132967",
  "sources_kept": 6
}

Step 4 tool_use 8611 in / 307 out · 28.3s

Scan — Guidance & consensus: the consensus sits a little above the company's own framework; the gap is the growth the market is paying for.

→ perplexity_search 7.26s

Tool input

{
  "query": "Alphabet Inc. (GOOGL) guidance \u0026 consensus",
  "topic": "guidance"
}

Result

{
  "snippets": 5,
  "source_key": "pplx:24663:665521223540",
  "sources_kept": 2
}

Step 5 tool_use 8276 in / 209 out · 27.8s

Scan — Events & catalysts: the next scheduled item is the quarterly report; the rest of the calendar is industry events.

→ perplexity_search 2.38s

Tool input

{
  "query": "Alphabet Inc. (GOOGL) events \u0026 catalysts",
  "topic": "catalysts"
}

Result

{
  "snippets": 8,
  "source_key": "pplx:24663:363024811997",
  "sources_kept": 2
}

Step 6 tool_use 11579 in / 123 out · 30.0s

Scan — Short interest & governance: short interest is a small share of the float and governance items are routine.

→ perplexity_search 10.42s

Tool input

{
  "query": "Alphabet Inc. (GOOGL) short interest \u0026 governance",
  "topic": "short_governance"
}

Result

{
  "snippets": 4,
  "source_key": "pplx:24663:658770377934",
  "sources_kept": 3
}

Step 7 end_turn 11405 in / 553 out · 18.3s

Writing the deep report for GOOGL from the scans and the internal fact pack.

→ write_memo 6.29s

Tool input

{
  "level": 2,
  "sections": [
    "scan_recent",
    "scan_competition",
    "scan_management",
    "scan_guidance",
    "scan_catalysts",
    "scan_short_governance",
    "report"
  ]
}

Result

{
  "citations": 14,
  "memo_id": null,
  "words": 1894
}