Sources: xAI has raised $10B at a post-money valuation of $200B, weeks after reportedly raising $10B in debt and equity at a ~$150B valuation
Key Figures for Traders Gino Matos / CryptoSlate : Musk's xAI reportedly seeking $10B in a new funding round Maria Garcia / Implicator.ai : xAI hits $200 billion as Musk cuts costs Theo Wayt / The Inf...
Amazon reports Q3 AWS revenue up 19% YoY to $27.45B, vs. $27.52B est., and AWS operating income of $10.45B, vs. $9.15B est., up from $7B in Q3 2023
but for how long? Larry Dignan / Constellation Research : AWS posts Q3 revenue up 19% from a year ago, $110 billion annual run rate Theo Wayt / The Information : Amazon Web Services Reports Steady Gro...
Sources: Gopuff, one of the last fast-delivery startups in the US after Getir's exit, burned ~$400M in 2023 and wants to start generating cash by early 2025
The Information : LinkedIn: Theo Wayt LinkedIn: Theo Wayt : Scoop 🥑 💸 🛵 : Gopuff is the last speedy-delivery startup left standing after Getir just pulled out of the US. …
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite recently. 2. Why does Shopify need this? X: Austi...
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report FreightWaves : Flexport raises $260M from Shopify Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite ...
Amazon Q3: ad services revenue up 26% YoY to $12.1B, vs. $11.6B est., North American sales up 11% YoY to $87.9B, and International sales up 16% YoY to $32.1B
Driven in Part by ‘TNF’ Theo Wayt / The Information : Amazon's Ad Growth Driven Mostly by Search, Not Video Alex Weprin / The Hollywood Reporter : Amazon Advertising Revenue Soars to $12B in Q3 Earnin...