Meta Q3 Earnings Oct. 21: The Capex, Ads and Cash Numbers to Watch
Meta guided to US$61 billion to US$64 billion in third-quarter revenue and up to US$145 billion in 2026 capex. Its free cash…
Marcia Okonkwo
Business Editor
Marcia Okonkwo covers the business of technology for prompt/power: venture capital, startups, IPOs and earnings. She treats a valuation as a mood rather than a number until the S-1 says otherwise.
31 stories
Bumble Buyout: Ithaca Holdings Pays US$6.05 a Share, a 138% Premium
The US$1.3 billion take-private skips a shareholder vote and makes Ithaca's ex-Meta and Sequoia founders co-CEOs beside Whitney Wolfe Herd. Here are…
Amazon Eyes Decart for US$7B as Nvidia Weighs Buying Reflection AI
The WSJ says Amazon is in talks to pay about US$7 billion for Decart, whose software moves AI work off Nvidia chips.…
Arena, the Leaderboard That Ranks AI Models, Is Now Worth US$3.1 Billion
Arena raised US$200 million on Oct. 8, nearly doubling its valuation since January on revenue it sells to the industry it ranks.…
OpenAI’s Revenue Run Rate Is Near US$50 Billion, Not US$70 Billion
OpenAI told investors its annualized revenue was approaching US$50 billion at the end of September, per the FT. The US$70 billion figure…
BT TalkTalk Takeover: Virgin Media O2 Calls the Rescue a Stitch-Up
BT bought TalkTalk and wholesaler PXC out of administration on 5 October. Rivals want the wholesale arm split off, and the competition…
Personal Agent Protocol: Meta, Walmart and Shopify’s AI Agent Front Door
Meta and Sierra's OAuth-based standard lets your AI agent start as a guest, then get read-only or write access once you sign…
Isomorphic Labs Seeks US$40bn Valuation With No Drug in Human Trials
Bloomberg reports the DeepMind drug-discovery spinout is in early talks at US$40bn to US$50bn, five months after a US$2.1bn round. Its first…
Revolut Is Valued Above Barclays. Here’s What the £86bn Price Rests On
A July staff share sale priced Revolut at US$115bn, more than Barclays or Lloyds on the stock market. Its loan book is…
Nubank Walked Away From Monzo. Now Private Equity Wants a Slice
Nu Holdings said on Sept. 30 it is not pursuing a deal. Monzo is now talking to CVC and Advent about selling…