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- Roblox & Affirm earnings, Sam Altman to testify before Congress, Uber rolls out flight booking in UK
Roblox & Affirm earnings, Sam Altman to testify before Congress, Uber rolls out flight booking in UK
Roblox Q1 earnings: total bookings: $773.8M (+23% y/y), revenue: $655.3M (+22% y/y), net loss: -$268.3M, DAUs: 66.1M (+22% y/y), shares are up ~6% after beating on top-line - Link
Affirm Q3 earnings: GMV: $4.6B (+18% y/y), revenue: $381M (+7% y/y), active merchants: 246K (+19% y/y), net loss: -$205.7M; shares were up nearly 5% after beating on top-line, despite growing losses - Link
WSJ sources: ByteDance delayed the US launch of TikTok’s shopping platform until at least June, partially due to merchant concerns over the app's future and slow adoption of live-streaming e-commerce; TikTok says the launch has not been delayed - Link
OpenAI CEO Sam Altman will testify before Congress next week as lawmakers work on a legal framework to address AI risks while preserving innovation - Link
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Box CEO Aaron Levie joins Jason to discuss the launch of Box AI (19:13), AI as a platform shift, its potential effects on employment dynamics (25:53), and much more! - Link
Uber rolled out a flight booking feature to its UK app, which will enable customers to book end-to-end trips across multiple modes of transport; Uber’s long-term strategy is to become a travel "super app" - Link
Petal, a NY-based startup offering credit card options to underserved customers to help build credit, raised $35M and plans to spin out its cash flow underwriting unit, Prism Data - Link
TechCrunch sources: UVeye, an Israel-based startup building an automated vehicle inspection platform, raised a $100M Series D at an ~$800M valuation to expand North American operations - Link
WSJ sources: Indian e-learning startup Byju’s, last valued at ~$22B, is coming under scrutiny after being raided by Indian regulators last month and having not disclosed financial metrics in the past two years - Link
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