Ryan Browne / CNBC: Klarna posts a pre-tax loss of $344M from January to September, up 4x YoY, and says it’s entered nine markets since the start of 2020 and now has 90M+ customers  —  – Klarna posted a pre-tax loss of 3.1 billion Swedish krona ($344 million) from January to September, a fourfold increase from the same period a year ago.

Vikas Sn / Moneycontrol: India-based Dream Sports, which runs online fantasy platform Dream11, raises $840M led by D1, Tiger Global, and others at an $8B valuation, up from $5B in March  —  Dream11 spent heavily on advertising and promotions during the fiscal, in a bid to capitalise on the surge in mobile gaming in the country

Jillian Deutsch / Bloomberg: EU lawmakers approve measures in the draft Digital Markets Act, including mandating messaging or social app interoperability and banning ad targeting to minors  —  – Competing messaging apps may have to be interoperable  — Companies would have to stop targeting some ads to minors

Frederic Lardinois / TechCrunch: Vercel, which develops the Next.js framework, raises a $150M Series D at a $2.5B valuation, after raising a $102M Series C at a $1B valuation in June 2021  —  Only a few months ago, Vercel, the company behind the popular Next.js framework for front-end developers, announced …

Steve Knopper / Billboard: Profile of Berlin-based Ableton, whose music production software changed the way recordings are produced and how DJs perform by eliminating cumbersome equipment  —  Gerhard Behles and his partners wrote the code that makes modern pop sing — and makes investors drool.  But they’re not selling.

Mark Gurman / Bloomberg: The Facebook View app on iOS contains an image of a potential Meta smartwatch, which has a front-facing camera, rounded screen, and a detachable wrist strap  —  – Device has front-facing camera, possibly for videoconferencing  — Image of watch is found inside of Facebook View iPhone app

Ed Ballard / Wall Street Journal: A look at Stripe’s carbon-removal investments, including $9M in 10 projects; nearly 9K businesses use Stripe Climate to divert some revenue to carbon-removal  —  The technology for removing billions of tons of carbon dioxide from the atmosphere isn’t ready.  Stripe wants to speed things up.

Matt Murray / Wall Street Journal: Q&A with Sundar Pichai on the future of work after lockdowns, unionization push by Google employees, changing perceptions of privacy, and more  —  The Alphabet and Google CEO discusses returning to work, unionization and privacy policies  —  These are challenging times for Alphabet Inc. …

Victoria Guida / Politico: Sources: during the final days of the Trump presidency, OCC quietly determined that banks can legally trade cryptocurrencies on behalf of clients  —  A formal move to green-light crypto trading by banks would probably be met with resistance by advocates of tough financial rules.

Taylor Hatmaker / TechCrunch: Roblox outlines plans to add more realism to player avatars, introduce new in-game monetization streams, add NFT-like limited edition items, and more  —  At its annual developer conference Thursday, Roblox painted a picture of what’s next for the fast-growing online multiplayer portal that’s like catnip for kids and teens.

Wall Street Journal: Sources: Jana Partners took a stake in Macy’s and is urging the retailer to spin off its e-commerce business, which has about $8B in annual revenue  —  Activist investor says stand-alone e-commerce business would be worth a multiple of Macy’s current market value

Sam Biddle / The Intercept: The Intercept publishes Facebook’s secret blacklist of ~4,000 “Dangerous Individuals and Organizations” that users are barred from speaking favorably about  —  To ward off accusations that it helps terrorists spread propaganda, Facebook has for many years barred users …

Rebecca Elliott / Wall Street Journal: NTSB head says Tesla shouldn’t roll out its Full Self-Driving update with the city-driving tool before addressing safety deficiencies  —  Tesla plans to expand access to Full Self-Driving system and defends its tech; safety official says more work is needed  —  Tesla Inc. is readying a major upgrade of its driver-assistance software.

Nick Clegg / About Facebook: Facebook VP says WSJ’s series contained deliberate mischaracterizations, and conferred egregiously false motives to Facebook’s leadership and employees  —  A lot has been said about Facebook this week.  A series of articles published by the Wall Street Journal has focused …

Mitchell Clark / The Verge: Nate Chastain, the head of product at OpenSea who was accused this week of a form of NFT insider trading, appears to no longer be working for the company  —  He’s accused of buying NFTs before they appeared on the trading platform’s homepage  —  OpenSea head of product Nate Chastain …

Haroon Siddique / The Guardian: Sir Clive Sinclair, the creator of the landmark ZX Spectrum who helped popularize the home computer, dies at age 81  —  Creator of the landmark ZX Spectrum and the less commercially successful C5 died after a long illness  —  Sir Clive Sinclair, the inventor and entrepreneur who was instrumental …

Larry Dignan / ZDNet: Adobe says it will launch a payment service via PayPal for Adobe Commerce by the end of the year, adding native payments to customers’ digital storefronts  —  Customers will be able to manage payments directly from their Adobe Commerce Admin without integration with third-party payment providers.

Dan Rys / Billboard: RIAA: music streaming revenue grew 26% YoY in H1 to $5.9B, comprising 84% of all revenue; paid sub revenue grew 26% to $4.6B, ad-supported grew 54% to $741M  —  Recorded music revenues in the United States in the first half of 2021 returned to double-digit growth a year after the pandemic slowed …

Selina Cheng / Hong Kong Free Press: Google says it handed over user data in response to three requests from Hong Kong in H2 2020, despite earlier saying that requests must be made through US DOJ  —  The US tech giant told HKFP it complied with a data request over a “credible threat to life” and two others involving human trafficking.

Joanna Ossinger / Bloomberg: Crypto exchange Bitso says it is the core service provider for El Salvador’s Chivo wallet and will work with Silvergate Bank to facilitate USD transactions  —  Crypto platform Bitso said it’s a core service provider for Chivo, the Bitcoin wallet developed by El Salvador’s government …