Grab agrees to acquire US fintech company Stash Financial in a deal initially valued at $425M and forecasts FY 2026 revenue of $4.04B-$4.1B, below $4.13B est.
Singapore's Grab (GRAB.O) forecast fiscal 2026 revenue below Wall Street expectations on Wednesday, signaling slower momentum …
Latin American VC funding rose 14.3% YoY in 2025 to $4.1B, with early-stage investment up 31.9% YoY to nearly $2B and late-stage and growth deals hitting $1.63B
Sources: Databricks is raising $5B at a $134B valuation and projects sales to grow 55% in 2025 to $4.1B, at roughly breakeven, with ~$10M in free cash flow
Cory Weinberg / The Information :
PDD, which owns Pinduoduo and Temu, reports Q3 revenue up 9% YoY to ~$15.2B, above ~$15.1B est., and net income up 17% YoY to ~$4.1B, as it weathers US tariffs
Bloomberg :
Intel reports Q3 revenue up 3% YoY to $13.7B, vs. $13.2B est., and net income of $4.1B, vs. a net loss of $16.6B in Q3 2024; INTC jumps 7%+
Intel reported better-than-expected revenue on Thursday, signaling that demand for its core x86 processors for PCs has recovered. The stock jumped 6% in extended trading.
HPE reports Q2 revenue up 6% YoY to $7.63B, above $7.46B est., Server revenue up 6% YoY to $4.1B, and says it expects a reduced impact from tariffs in 2025
Brody Ford / Bloomberg :
Indonesia's OJK: ~137M citizens owed 66T rupiah (~$4.1B) in outstanding digital lending debt in September 2024, up from 18.6M users owing 13.16T rupiah in 2019
Ismi Damayanti / Nikkei Asia : X: @worldstrategist and @nikkeiasia X: Eric / @worldstrategist : Yes they pay huge amount of interests. @nikkeiasia : Millions of Indonesians fall into digital debt tra...
Lyft reports Q2 revenue up 41% YoY to $1.4B, Gross Bookings up 17% YoY to $4.02B, vs. $4.07B est., and projects $4B-$4.1B in Q3 Gross Bookings, vs. $4.14B est.
- Outlook miss threatens to overshadow progress to grow margins — Rideshare company posts quarterly profit for first time
Source: Apple's India revenue rose ~33% YoY to almost $8B from March 2023 to March 2024, and up from $4.1B the year before; pricey iPhones were 50%+ of sales
- Sales jump shows Apple is succeeding in winning users in India — Apple wants to challenge Android's dominance in the country
PitchBook: in 2021, 223 male-founded video game startups raised $4.1B, five women-founded startups raised $1.2M, and 62 mixed-gender startups raised $400.9M
and even worse for studios led by marginalized devs. Even at a peak in 2021, $4.1B in VC funding went to 223 companies led by men, while $1.2M went to 5 companies led by women. https://www.polygon.com...