Prosus made $2 billion on its investment for Swiggy

- Tencent's major shareholder made $2 billion on Swiggy - Prosus and Naspers invested $1.3 billion for 31% before the IPO - Now it will sell $500+ million worth of shares and retain a 25% stake - Prosus has also become a shareholder in other startups in India - It is expected that some of them may go for IPOs - Shares of the meal delivery service rose 13% at IPO - Swiggy's market value has reached about $11.7 billion

AppLovin shares soared 46% after announcing financial results

- All told, AppLovin stock is up 519% since the start of 2024 - AppLovin now has a market valuation of $80+ billion - Its Q3 2024 revenue is up 39% to $1.2 billion - Revenue for the current quarter will be $1.24-1.26 billion (+31%) - Gaming business slowed, online advertising thrives - Revenue from advertising products was $835 million (+66%) - This growth was driven by the new AXON engine version

MicroStrategy acquired 27.2k bitcoins worth more than $2 billion

- MicroStrategy acquired an additional 27.2 thousand bitcoins - The amount totaled $2.03 billion, which is approximately $74.5k /pc. - The company made the purchases between Oct. 31 and Nov. 10 - It is the largest corporate holder of bitcoins - In total, the company owns approximately 279.4k bitcoins - MicroStrategy's total spending on them amounted to $11.9 billion - That is, the average purchase

Prosus made $2 billion on its investment for Swiggy

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AppLovin shares soared 46% after announcing financial results

MicroStrategy acquired 27.2k bitcoins worth more than $2 billion