In other news, Binance billionaire "CZ" has spoken out after four months in prison, Cloudflare is expecting softer sales due to increased cybersecurity competition, and restaurant app Toast has had a successful quarter. The CFPB has advised workers not to use phones due to a hacking threat, and a French regulator is investigating a gambler who made $85m on Trump's win. The article concludes with a meme about the impact of the 2024 U.S. election on crypto prices.
Key takeaways:
- Executives at fintech company Block have ordered staff not to mention board member Jay-Z on internal channels, following successive layoffs at music streaming service Tidal, which Block bought from Jay-Z.
- Airbnb reported $2.73 billion in third-quarter revenue and is looking to accelerate its growth and expand beyond its core markets, with plans to be revealed next year.
- Baidu is preparing to unveil a pair of smart glasses with a built-in AI assistant at its annual company event in Shanghai next week, aiming to rival Meta's Ray-Bans.
- Pinterest's stock fell 15% due to a weak ad outlook, with the company expecting Q4 revenue to be between $1.125 billion and $1.145 billion, below Wall Street’s expectations.