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SBF guilty on all seven counts, Apple earnings, and more

SBF was found guilty on all seven counts related to fraud and money laundering, with a max sentence of 115 years in jail - Link

Apple Q4 earnings: revenue: $89.5B (-1% y/y), net income: $23B, services revenue: $22.3B; shares were down slightly - Link

Cloudflare Q3 earnings: revenue: $335.6M (+32% y/y), net loss: $23.5M, net cash flow: $68.1M, Q4 revenue came in below estimates; shares were up 14% on the news - Link

Elon Musk announced that xAI will release its first AI model to a select group of test users on 11/4 - Link

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Maven Co-Founder and CEO Gagan Biyani joins Jason to break down his startup's live, cohort-based education model (2:28). Then, Gagan dives into his past journeys at Udemy, where he was eventually fired but wound up revolutionizing online learning and going public (35:08), and Sprig, a food-delivery startup that went on to raise $60M and scale to $20M in revenue, but ultimately failed (47:36). - Link

Okta disclosed that attackers who breached its customer support system last month gained access to files belonging to 134 customers - Link

NFT marketplace OpenSea cut ~50% of its team and now has ~230 staff remaining as NFT trading volumes wane - Link

Elon Musk announced SpaceX's Starlink service has hit cashflow breakeven - Link

Coinbase Q3 earnings: revenue: $674.1M (+14% y/y), net loss: -$2.3M, ~$76B in trading volume; shares were up slightly on the news - Link

This Week in Startups

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