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Hritam Mukherjee / Reuters: Swiggy closes an oversubscribed ~$1.4B IPO, as investors bet on a quick commerce boom; analysts expect the company to make a muted stock market debut next week  —  Food and grocery delivery firm Swiggy's (SWIG.NS) $1.4 billion initial public offering was oversubscribed on Friday …

Reuters: Sources: Trump's transition team is considering Dan Gallagher, an ex-SEC commissioner and Robinhood's current legal chief, as SEC chair replacing Gary Gensler  —  Trump transition team officials are considering retail brokerage Robinhood's top lawyer, as well as bank regulators and corporate attorneys …

Sebastian Sinclair / Decrypt: Detroit plans to accept crypto, including BTC and ETH, for tax and fee payments starting mid-2025 via a PayPal-managed platform, the largest US city to do so  —  Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.

David McCabe / New York Times: A US judge dismisses Ethan Zuckerman's lawsuit against Meta; Zuckerman sought to stop Meta from suing him over a tool to let users unfollow everyone on Facebook  —  A professor sued pre-emptively to release software that would let users automatically unfollow everyone in their Facebook feed.

Kyle Wiggers / TechCrunch: Yelp agrees to buy RepairPal, a site for car repair estimates, for $80M in cash, with the deal expected to close by the end of 2024; RepairPal had raised $21.3M  —  Yelp, which made a name for itself giving restaurant recs, just bought an auto services website.

Bloomberg: Source: Baidu plans to unveil smart glasses with built-in cameras and voice support for AI model Ernie next week, launching as soon as early 2025 for under $299  —  China's search leader and longtime investor in artificial intelligence plans to showcase the product at its annual Baidu World event …

Aoyon Ashraf / CoinDesk: Block says it is investing less in music streaming app Tidal and winding down decentralized “Web5” venture TBD to focus on bitcoin mining and its crypto wallet  —  The firm is redoubling efforts to supply miners as that industry struggles with profits — and Donald Trump promises help.

Blake Brittain / Reuters: A US judge dismisses a copyright lawsuit by Raw Story and AlterNet against OpenAI over AI training, for now, saying the outlets couldn't show enough harm  —  A New York federal judge on Thursday dismissed a lawsuit against artificial intelligence giant OpenAI that claimed it misused articles …

Anissa Gardizy / The Information: Source: Amazon is discussing a second multibillion-dollar investment in Anthropic, but wants Anthropic to use a large number of servers powered by Amazon chips  —  Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions.

Sarah Perez / TechCrunch: TikTok launches Share to TikTok, which lets users directly share music from Apple Music and Spotify in a post to their TikTok Feed or in DMs via TikTok Messages  —  TikTok on Thursday debuted a new feature that will more closely connect its app, which already influences which songs top the charts …

Ari Levy / CNBC: AppLovin shares close up 46% after the company reported Q3 revenue up 39% YoY to $1.2B, vs. $1.13B est., and issued guidance well above est.; APP is up 519% YTD  —  AppLovin shares soared 46% on Thursday after the online gaming and advertising company issued guidance that was well above estimates …

Ciara Linnane / MarketWatch: Toast reports Q3 revenue up 26% YoY to $1.305B, vs. $1.292B est., and annualized run rate up 28% YoY to $1.6B, vs. $1.5B est.; TOST jumps 15%+ after hours  —  Referenced Symbols  —  Toast Inc.'s stock soared 26% in after-hours trade Thursday, after the digital-payment platform …

Arsheeya Bajwa / Reuters: Cloudflare reports Q3 revenue up 28% YoY to $430.1M, vs. $424.1M estimated, and forecasts Q4 revenue below estimates; NET drops 7%+ after hours  —  Cloudflare (NET.N) forecast fourth-quarter revenue below estimates on Thursday, hurt by intense competition in the cybersecurity market …

MacKenzie Sigalos / CNBC: Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% to $2.25B, Cash App gross profit up 21% to $1.31B; SQ drops 6%+ after hours  —  WATCH NOW  —  Block reported third-quarter revenue on Thursday that trailed Wall Street expectations.

Thomas Brewster / Forbes: iVerify founder says the FBI is investigating whether China used its access to Verizon networks to infect the iPhones of staff of a US presidential campaign  —  The FBI has been notified of evidence of hacking on the iPhones of two senior officials at one of the presidential campaigns.

Jonathan Vanian / CNBC: Pinterest reports Q3 revenue up 18% YoY to $898M, vs. $896M est., MAUs up 11% to a record 537M, but forecasts Q4 revenue below est.; PINS drops 13%+ after hours  —  Pinterest shares plunged 15% Thursday after the social media company provided soft guidance for its fourth-quarter revenue despite …

Bloomberg: The US SEC's crypto-related enforcement is slated for a major rollback under President Trump, who has pledged to fire Gary Gensler on the first day in office  —  - Trump has pledged to fire Gensler on the first day in office  — Next SEC chair is expected to push forward new regulations

Manish Singh / TechCrunch: Truecaller co-founders Alan Mamedi and Nami Zarringhalam plan to hand over day-to-day company operations to product chief Rishit Jhunjhunwala in January 2025  —  The co-founders of Swedish caller identification app Truecaller are stepping back from day-to-day operations …

Ian King / Bloomberg: Qualcomm and Arm's earnings results show the smartphone industry making an uneven comeback, with both companies seeing a stronger demand for high-end models  —  - Both companies are seeing stronger demand for high-end models  — Qualcomm results outshine Arm's in dueling reports Wednesday

Jay Peters / The Verge: Roblox plans to stop kids under 13 from accessing experiences with “certain types of interactive features”, including “social hangouts”, starting November 18  —  Roblox is going to block kids from accessing certain types of experiences following reports alleging that the platform has enabled child abuse.

Mackenzie Hawkins / Bloomberg: Sources: TSMC and GlobalFoundries have finished negotiating agreements for billions of dollars in grants and loans under the CHIPS Act to support US factories  —  - US officials look to announce agreements in coming weeks  — Biden team is racing to get Chips Act money out the door

Jaspreet Singh / Reuters: CRM software maker Freshworks plans to cut 13% of its workforce, or 660 employees, after reporting Q3 revenue up 22% YoY to $186.6M, vs. $181.6M average est.  —  Freshworks (FRSH.O) raised its annual revenue and profit forecasts on Wednesday after upbeat third-quarter results …

Maxwell Zeff / TechCrunch: Perplexity's US election hub offered helpful, real-time election insights and maps on November 5, linking to reliable resources and providing historical context  —  On Tuesday, two AI startups tried convincing the world their AI chatbots were good enough to be an accurate …

Maani Truu / ABC: Australia plans to introduce legislation that would ban children under 16 from using social media, not exempting those already with accounts or parental consent  —  In short:  —  Social media users under the age of 16 are set to be barred from using social media, under legislation expected to be introduced to parliament this month.