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Airbnb Q3: record net income of $1.2B, up 46% YoY, record revenue of $2.9B, up 29% YoY, vs. $2.85 est., and ~100M Nights and Experiences Booked, up 25% YoY (Denny Jacob/Wall Street Journal)

[ad_1] Denny Jacob / Wall Street Journal: Airbnb Q3: record net income of $1.2B, up 46% YoY, record revenue of…

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Analysis: one year after launching, ProShares' bitcoin ETF has lost ~$1.2B of investors' money as its share price dropped by 70% (Steve Johnson/Financial Times)

[ad_1] Steve Johnson / Financial Times: Analysis: one year after launching, ProShares’ bitcoin ETF has lost ~$1.2B of investors’ money…

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South Korean company Naver agrees to acquire Poshmark for $17.90 per share, representing an enterprise value of ~$1.2B; Poshmark stock rose 14%+ after hours (Kathryn Hardison/Wall Street Journal)

[ad_1] Kathryn Hardison / Wall Street Journal: South Korean company Naver agrees to acquire Poshmark for $17.90 per share, representing…

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Report: corporate expense management service TripActions, which was last valued at $7.25B, filed confidentially for a US IPO seeking a $12B valuation (Mary Ann Azevedo/TechCrunch)

[ad_1] Mary Ann Azevedo / TechCrunch: Report: corporate expense management service TripActions, which was last valued at $7.25B, filed confidentially…

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Technology

Marketplace Pulse: funding for startups that acquire and grow third-party Amazon sellers drops to $2B+ in 2022 so far, down from $12B+ in 2021 (Financial Times)

[ad_1] Financial Times: Marketplace Pulse: funding for startups that acquire and grow third-party Amazon sellers drops to $2B+ in 2022…

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Mexico City-based used car marketplace Kavak, which is Latin America's biggest startup, raised $810M in debt financing, potentially rising to $1.2B in 2022 (Michael O'Boyle/Bloomberg)

[ad_1] Michael O’Boyle / Bloomberg: Mexico City-based used car marketplace Kavak, which is Latin America’s biggest startup, raised $810M in…

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Technology

A profile of China-born, US-educated academic Li Zexiang, an angel investor in 60+ Chinese tech startups collectively worth almost $12B, including DJI (Jane Zhang/Bloomberg)

[ad_1] Jane Zhang / Bloomberg: A profile of China-born, US-educated academic Li Zexiang, an angel investor in 60+ Chinese tech…

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State Farm will invest $1.2B in ADT for a ~15% stake, and $300M more for product innovation; Google invests $150M toward new products, pledges $150M more (Miriam Gottfried/Wall Street Journal)

[ad_1] Miriam Gottfried / Wall Street Journal: State Farm will invest $1.2B in ADT for a ~15% stake, and $300M…

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Ticketing service SeatGeek raised a $238M Series E at a ~$1.2B valuation after terminating a SPAC deal with Forbes in early June (Amrith Ramkumar/Wall Street Journal)

[ad_1] Amrith Ramkumar / Wall Street Journal: Ticketing service SeatGeek raised a $238M Series E at a ~$1.2B valuation after…

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Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021, after the service failed to provide audited statements (Lucy Harley-McKeown/The Block)

[ad_1] Lucy Harley-McKeown / The Block: Galaxy Digital terminates its $1.2B acquisition of crypto custodian BitGo, announced in May 2021,…

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