The Brutalist Report - tech
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- Sources: Unity has held talks to be acquired by a consortium including Silver Lake, which owns 8% of Unity, and Saudi Arabia's PIF, discussing a ~$25B valuation (Reuters) [5d]
- Sources: NYT has entered exclusive negotiations to acquire Letterboxd for roughly $330M; A24 dropped out of negotiations after price expectations rose (New York Times) [5d]
- Cloudflare reports Q3 revenue up 39% YoY to $782.5M, above $737.2M est., a $34.1M net loss, and lifts its FY 2026 guidance; NET jumps 14%+ after hours (Elias Schisgall/Wall Street Journal) [5d]
- Airbnb reports Q3 revenue up 19% YoY to $4.9B, above est., Nights and Seats Booked up 16% to 155M, rises its FY 2026 revenue outlook; ABNB jumps 9%+ after hours (Bloomberg) [5d]
- The Nasdaq 100 drops 6%, losing a record $2.3T in value, and the Philadelphia chip index plunges 12%, on concerns over the AI trade after Democrats won Congress (Natalia Kniazhevich/Bloomberg) [5d]
- GOP leaders of three House committees ask Jensen Huang for a closed-door briefing on his ties with Megaspeed exec Alice Huang, reported to be a Chinese asset (Kevin Breuninger/CNBC) [5d]
- California State Senator Scott Wiener, author of AI safety law SB 53, won Tuesday's election to succeed Pelosi in the US House, campaigning on AI regulation (Rocket Drew/The Information) [5d]
- METR: Anthropic redacted much of the "most informative" evidence from METR's 100-page report, so readers "must rely on our judgment more than we consider ideal" (@metr_evals) [5d]
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