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- Instacart and Klaviyo file for IPO, Didi to sell smart car arm to Xpeng
Instacart and Klaviyo file for IPO, Didi to sell smart car arm to Xpeng
Instacart filed its S-1 to go public on Friday; here are results from its last quarter: revenue: $716M (+15% y/y), ad revenue: $206M (+20% y/y), net income: $119M, ~600K shoppers serve 7.7M monthly active orderers - Link
Klaviyo filed its S-1 to go public on Friday; here are results from its last quarter: revenue: $164.6M (+51% y/y), FCF: $39.5M, net income: $10.9M - Link
Didi intends to sell its smart car arm to Chinese EV maker Xpeng for ~$744M in an all-stock deal, amounting to 3.25% of Xpeng - Link
Forbes sources: At TikTok’s office, where Oracle employees review the app’s source code, they sit at desks beneath overhead cameras controlled by TikTok, which the Chinese government ordered them to install - Link
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Jason breaks down Nvidia smashing its quarterly earnings (3:58), Arm filing its F-1 (26:38), how founders should vet accelerators (56:10), and more! (1:03:53) - Link
WordPress.com has debuted a 100-year domain deal for ~$38K, with managed hosting and 24/7 customer service - Link
X (fka Twitter) launched a private beta of X Hiring, a job posting service for verified organizations - Link
NYT sources: a company named Flannery Associates raised ~$800M from Michael Moritz, Reid Hoffman, the Collison brothers, Laurene Powell Jobs, and others to purchase thousands of acres in the Bay Area to build a dense, walkable city powered by clean energy - Link
Forbes sources: EvolutionaryScale, a startup developing an LLM for biology founded by former Meta researchers, has raised $40M at a $200M valuation led by Lux Capital - Link
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