Twilio Q3: rev. of $740.2M vs. $681M est., up 65% YoY, loss of $224.1M, up from $116.9M YoY, 250K+ active customer accounts, up from 208K YoY; stock down 11%+ (Tiernan Ray/ZDNet)
$681M est., up 65% YoY, loss of $224.1M, up from $116.9M YoY, 250K+ active customer accounts, up from 208K YoY; stock down 11%+ — Twilio said Dollar-Based Net Expansion Rate was 131%, down from 137% in the
eBay Q3: revenue of $2.5B, vs. $2.46B estimates, up 11% YoY, gross merchandise value of $19.5B, down 10% YoY, 154M active buyers, up 5% YoY, stock down 6%+ (Emily Bary/MarketWatch)
$2.46B estimates, up 11% YoY, gross merchandise value of $19.5B, down 10% YoY, 154M active buyers, up 5% YoY, stock down 6%+ — Company has moved nearly all sellers over to managed-payments initiative — EBay Inc. Emily
After raising $357M in its IPO, Rent the Runway closes at $19.29, down 8% from its $23 opening price, valuing the company at $1.2B (Bloomberg)
Bloomberg: After raising $357M in its IPO, Rent the Runway closes at $19.29, down 8% from its $23 opening price, valuing the company at $1.2B — – Shares open above price in $357 million IPO before dropping
Skyryse, which develops a flight automation operating system called FlightOS, raises a $200M Series B co-led by Fidelity and Monashee Investment Management (Aria Alamalhodaei/TechCrunch)
Aria Alamalhodaei / TechCrunch: Skyryse, which develops a flight automation operating system called FlightOS, raises a $200M Series B co-led by Fidelity and Monashee Investment Management — Five-year-old startup Skyryse has raised a $200 million Series B
Sources: DOJ is investigating whether Visa used financial incentives to keep Square, Stripe, and PayPal from using other card networks or payment systems (Wall Street Journal)
Wall Street Journal: Sources: DOJ is investigating whether Visa used financial incentives to keep Square, Stripe, and PayPal from using other card networks or payment systems — Antitrust investigators are scrutinizing financial incentives Visa gave to Square,
Facebook asks employees to preserve internal docs and communications related to its business since 2016, as governments and legislative bodies begin inquiries (New York Times)
New York Times: Facebook asks employees to preserve internal docs and communications related to its business since 2016, as governments and legislative bodies begin inquiries — Facebook has told employees to “preserve internal documents and communications since
Spotify cites Edison Research and its own internal data to claim it “recently became” the most-used podcast platform in the US and says it has 3.2M podcasts (Sarah Perez/TechCrunch)
Sarah Perez / TechCrunch: Spotify cites Edison Research and its own internal data to claim it “recently became” the most-used podcast platform in the US and says it has 3.2M podcasts — In September, analysts at eMarketer
Google unveils Android 12L update focused on tablets, foldables, and Chromebooks, which tweaks big screen UI layouts, adds a taskbar, more, coming early 2022 (Ron Amadeo/Ars Technica)
Ron Amadeo / Ars Technica: Google unveils Android 12L update focused on tablets, foldables, and Chromebooks, which tweaks big screen UI layouts, adds a taskbar, more, coming early 2022 — Android 12L brings tablet-focused features, like a
LinkedIn launches its freelance services marketplace globally after picking up 2M users in a quietly run US beta, to compete with the likes of Fiverr and Upwork (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch: LinkedIn launches its freelance services marketplace globally after picking up 2M users in a quietly run US beta, to compete with the likes of Fiverr and Upwork — LinkedIn, the Microsoft-owned platform for
Internal docs show Netflix tried to minimize public backlash to the film Cuties by stopping it from appearing in some search results and recommendations (Zoe Schiffer/The Verge)
Zoe Schiffer / The Verge: Internal docs show Netflix tried to minimize public backlash to the film Cuties by stopping it from appearing in some search results and recommendations — In September 2020, Netflix was in turmoil
Abacus.AI, which helps companies manage AI models, raises a $50M Series C led by Tiger Global, bringing its total funding to over $90M (Ron Miller/TechCrunch)
Ron Miller / TechCrunch: Abacus.AI, which helps companies manage AI models, raises a $50M Series C led by Tiger Global, bringing its total funding to over $90M — Abacus.ai wants to build an AI platform that simplifies
Intel launches its 12th-gen Alder Lake chips, led by the flagship Core i9-12900K CPU with 16 cores for $589, shipping November 4 (Chaim Gartenberg/The Verge)
Chaim Gartenberg / The Verge: Intel launches its 12th-gen Alder Lake chips, led by the flagship Core i9-12900K CPU with 16 cores for $589, shipping November 4 — A new era for Intel begins — Intel’s 12th
EU opens an investigation into Nvidia’s planned Arm acquisition on competition grounds, the latest setback for the deal (Foo Yun Chee/Reuters)
Foo Yun Chee / Reuters: EU opens an investigation into Nvidia’s planned Arm acquisition on competition grounds, the latest setback for the deal — Nvidia (NVDA.O) suffered a setback on Wednesday as EU antitrust regulators opened a
Interview with FTC Chair Lina Khan on leading the agency, its regulatory failures and avoiding future missteps, Facebook, Amazon, Alphabet, and more (Nancy Scola/New York Magazine)
Nancy Scola / New York Magazine: Interview with FTC Chair Lina Khan on leading the agency, its regulatory failures and avoiding future missteps, Facebook, Amazon, Alphabet, and more — Lina Khan was an associate professor at Columbia
Source: Paytm plans to price shares at ~$27.70-$28.70, raising $2.44B and valuing the company at around $20B (Reuters)
Reuters: Source: Paytm plans to price shares at ~$27.70-$28.70, raising $2.44B and valuing the company at around $20B — Indian digital payments leader Paytm has boosted the size of its initial public offering to 183 billion rupees