Instacart and Klaviyo file for IPO, Didi to sell smart car arm to Xpeng
Instacart filed its S-1 to go public on Friday; here are results from its last quarter: revenue: $716M (+15% y/y), ad revenue: $206M (+20% y/y), net income: $119M, ~600K shoppers serve 7.7M monthly active orderers - Link
Klaviyo filed its S-1 to go public on Friday; here are results from its last quarter: revenue: $164.6M (+51% y/y), FCF: $39.5M, net income: $10.9M - Link
Didi intends to sell its smart car arm to Chinese EV maker Xpeng for ~$744M in an all-stock deal, amounting to 3.25% of Xpeng - Link
Forbes sources: At TikTok’s office, where Oracle employees review the app’s source code, they sit at desks beneath overhead cameras controlled by TikTok, which the Chinese government ordered them to install - Link
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Jason breaks down Nvidia smashing its quarterly earnings (3:58), Arm filing its F-1 (26:38), how founders should vet accelerators (56:10), and more! (1:03:53) - Link
WordPress.com has debuted a 100-year domain deal for ~$38K, with managed hosting and 24/7 customer service - Link
X (fka Twitter) launched a private beta of X Hiring, a job posting service for verified organizations - Link
NYT sources: a company named Flannery Associates raised ~$800M from Michael Moritz, Reid Hoffman, the Collison brothers, Laurene Powell Jobs, and others to purchase thousands of acres in the Bay Area to build a dense, walkable city powered by clean energy - Link
Forbes sources: EvolutionaryScale, a startup developing an LLM for biology founded by former Meta researchers, has raised $40M at a $200M valuation led by Lux Capital - Link
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