The Block:
Bitcoin passes $74K to reach an all-time high amid Donald Trump’s early lead in the 2024 US presidential race; bitcoin is up nearly 70% year-to-date — – The largest cryptocurrency by market cap has gained nearly 70% year-to-date and reached a new all-time high today, as the market processes …
In a lawsuit, the US FTC accuses fintech startup Dave of misleading struggling borrowers about its cash advances’ terms, charging undisclosed fees, and more (Liz Hoffman/Semafor)
Liz Hoffman / Semafor:
In a lawsuit, the US FTC accuses fintech startup Dave of misleading struggling borrowers about its cash advances’ terms, charging undisclosed fees, and more — The Scoop — US federal regulators accused a popular financial app of targeting struggling borrowers and misleading them about the terms …
Nintendo says its unannounced Switch successor will be able to play current Switch games and have carryover for Switch Online services and accounts (Ash Parrish/The Verge)
Ash Parrish / The Verge:
Nintendo says its unannounced Switch successor will be able to play current Switch games and have carryover for Switch Online services and accounts — Nintendo hasn’t announced its Switch successor yet, but we do know one thing for sure: it will be able to play current Switch games …
Coupang reports Q3 revenue up 27% YoY to $7.9B, net retail sales of $6.14B, vs. $6.24B est., and operating income below projections; CPNG drops 8% after hours (Yoolim Lee/Bloomberg)
Yoolim Lee / Bloomberg:
Coupang reports Q3 revenue up 27% YoY to $7.9B, net retail sales of $6.14B, vs. $6.24B est., and operating income below projections; CPNG drops 8% after hours — – The company faces challenges from Alibaba and Temu in Korea — Coupang’s online luxury firm Farfetch was near breakeven
How the Salt Typhoon hackers breached US telecommunication infrastructure to carry out targeted espionage against the US for at least eight months (Wall Street Journal)
Wall Street Journal:
How the Salt Typhoon hackers breached US telecommunication infrastructure to carry out targeted espionage against the US for at least eight months — Hackers for months scooped up call logs, unencrypted texts and some audio in breach, piercing America’s communications infrastructure without detection
Filing: Trump Media lost $19.2M in Q3, while revenue fell 5.6% YoY to just $1.01M; DJT jumped 18.6% before closing down 1.16% on November 5 (Fred Imbert/CNBC)
Fred Imbert / CNBC:
Filing: Trump Media lost $19.2M in Q3, while revenue fell 5.6% YoY to just $1.01M; DJT jumped 18.6% before closing down 1.16% on November 5 — Trump Media, which is experienced a flurry of trading activity Tuesday as a possible proxy for Donald Trump’s presidency chances …
Super Micro says an independent probe into concerns flagged by former auditor EY found “no evidence of fraud or misconduct” by its management or board (Michael Acton/Financial Times)
Michael Acton / Financial Times:
Super Micro says an independent probe into concerns flagged by former auditor EY found “no evidence of fraud or misconduct” by its management or board — Server maker’s shares fall further after release of lacklustre preliminary results — Super Micro Computer said on Tuesday …
Super Micro’s stock drops ~16% in extended trading after it issued preliminary Q1 results and Q2 guidance below est., as the company faces accusations of fraud (Kif Leswing/CNBC)
Kif Leswing / CNBC:
Super Micro’s stock drops ~16% in extended trading after it issued preliminary Q1 results and Q2 guidance below est., as the company faces accusations of fraud — Super Micro, the embattled server maker that’s late in releasing annual financials and at risk of being delisted by the Nasdaq …
Interpol says a global operation has taken down over 22,000 malicious IP addresses or servers linked to cyber threats and led to the arrest of 41 individuals (Bill Toulas/BleepingComputer)
Bill Toulas / BleepingComputer:
Interpol says a global operation has taken down over 22,000 malicious IP addresses or servers linked to cyber threats and led to the arrest of 41 individuals — Interpol announced it arrested 41 individuals and taken down 1,037 servers and infrastructure running on 22,000 IP addresses facilitating cybercrime …
Sources: Perplexity is finalizing a $500M funding round led by IVP that would value it at $9B, triple its reported valuation from just a few months ago (Berber Jin/Wall Street Journal)
Berber Jin / Wall Street Journal:
Sources: Perplexity is finalizing a $500M funding round led by IVP that would value it at $9B, triple its reported valuation from just a few months ago — Artificial intelligence search company is raising $500 million in its fourth funding round this year — Perplexity is finalizing …
