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Bumble shares rose 56% to $5.94 in morning trading after Ithaca Holdings agreed to take the dating app private in an all-cash deal valuing it at $1.3 billion. Ithaca is offering $6.05 per share, a 122.4% premium to the close before Bumble's sale exploration was first reported, and co-founders Ravi Gupta and John Hegeman will become co-CEOs after closing. Blackstone and founder Whitney Wolfe Herd have provided the shareholder approval the deal requires, so the outcome now rests mainly on closing conditions. The article notes Bumble's paying users have been shrinking and quarterly revenue has fallen for nearly two years, while rival Match Group, which owns Tinder and Hinge, rose 2% to $42.32.
- What a $1.3 Billion Bumble Deal Says About Where AI Leaves Human Connection
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DraftKings is expanding its customer base through its Super App strategy, bringing its products into the DraftKings Sports app, including Predictions, which lets customers trade contracts on event outcomes even in states where its Sportsbook is unavailable. As of Aug. 7, 2026, more than 600,000 customers had engaged with Predictions year to date, with acquisition costs well below Sportsbook's while retention and trading volume per customer were similar. Partnerships with ESPN, NBC and Amazon add national exposure, but the article notes that turning this reach into sustained financial benefits will likely depend on building awareness and improving monetization. On valuation, DKNG shares have fallen 26% over three months versus an 18.1% decline for the industry, and the stock trades at a forward 12-month P/S of 1.30, below the industry average of 1.64.
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- You can take it with you: Five tax tips before selling your business
Many business owners treat tax planning as an afterthought when selling, even though 45% of professional advisors say clients spend too little time on tax and wealth transfer planning. Michael Paulus of PCM Encore said he left hundreds of millions of dollars on the table when selling Assurance IQ for $2.4 billion in 2019 because he planned too late. The article outlines five tips: check eligibility for the QSBS exclusion, which requires holding stock for more than five years and rose to $15 million for stock issued after July 4, 2025 under the OBBBA; gift QSBS to non-grantor trusts, which can stack up to $45 million in deductions across three trusts; gift minority stakes, typically discounted 20% to 35%, before any offer or letter of intent; and donate stock early, since a donation made close to a sale may be treated as a deemed sale. The fifth tip, on relocating to a tax-friendly state, is cut off in the text.
- 'It Can Take Years': Coinbase Presses for Bitcoin Quantum Migration to Start Now
Coinbase, which says it custodies roughly 5% of all Bitcoin, urged developers to start preparing for the quantum threat now, warning that consensus changes and migration “can take years.” It set out technical requirements, including a flexible “container” design such as BIP-360, a staged “1-of-2” spending path that allows either a classical or quantum-safe key, and compatibility with the multi-party computation custodians use. The exchange said dormant, lost and Satoshi-era coins should be treated as a separate governance problem, and that any rescue mechanism must itself be quantum-safe. The push builds on Coinbase's quantum advisory board formed in January and its July membership in a Bitcoin Security Consortium with BlackRock and Strategy, which pledged a combined $15 million toward quantum-proofing Bitcoin.
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- Saudi Arabia postpones big investor conference to 2027 as Iran-backed Houthis escalate attacks on kingdom
Saudi Arabia has postponed its major annual investor conference until 2027 as Iran-backed Houthi militants escalate missile and drone attacks on the kingdom. The Future Investment Initiative had been scheduled for Riyadh from October 26 to 29. The decision follows a Houthi attack on King Khalid International Airport in Riyadh on October 10, which left at least 12 people dead and more than 300 injured. Organizers said in an email that new dates will be announced soon.
- Russia fires mysterious weapon at Kyiv, shockwaves spread; President Putin appears in rare image, drawing global attention
On the night of 18 Oct, Russia launched a coordinated strike on multiple Ukrainian targets using ballistic missiles, cruise missiles and Geran UAVs, focused on Kyiv. According to TST, around 10 ballistic missiles of the Iskander-M, S-400 or KN-23 types may have been used in the first wave; an above-ground metro station on Kyiv's left bank was reported damaged, disrupting rail and metro services, and videos of blue flashes led observers to suspect a new weapon. In western Ukraine, a 330 kV transformer station near Kovel may have been targeted. Meanwhile, Putin, who rarely appears in military uniform, visited a command post and stressed establishing a “security zone” along the border; blogger Yuri Podolyaka argued Moscow no longer treats these areas as bargaining chips. Front-line correspondent Alexander Kots said the part of Donetsk still controlled by Ukraine is just over 2,700 km².
- Semiconductor Sell-Off: 5 Stocks to Buy on the Dip
The article attributes the semiconductor selloff to investor doubts about the durability of AI infrastructure spending, even as cloud companies report strong demand for AI chips. It highlights five stocks: Nvidia (forward P/E just above 13.5 on fiscal 2028 estimates), Broadcom (custom AI chips, with that revenue expected to quadruple to $230 billion over two years; forward P/E of 11), AMD (riding inference and agentic AI demand), Cerebras Systems (high risk-reward; the company claims 30 times the inference speed of GPUs) and TSMC (forward P/E of 18 on 2027 estimates).
- Tom Lee’s Bitmine Adds $30 Million in Ethereum as Buying Nears Its Finish Line
Bitmine bought another 12,535 ETH (about $30 million), lifting its holdings to 6,041,481 ETH, or 4.9% of supply and 99% of its 5% target. Chairman Tom Lee blamed the crypto selloff on a broad risk-off shift, including AI funding and safety worries, U.S.-Iran tensions, midterm jitters and rising bond yields, and called the dip a historically attractive risk-reward entry. Total holdings reached $15.1 billion as of Oct. 18, including 215 Bitcoin, $582 million in cash and marketable securities, and other investments. About 84% of its ETH (5,067,309 tokens) is staked via its MAVAN platform, with projected annualized revenue of roughly $309 million. The position is currently underwater on paper because much of it was bought at higher prices.
- Opinion: The Most Important Number in Taiwan Semiconductor's Earnings Report Was 68%
The author argues the most important figure in TSMC's Q3 report is 68%, the share of revenue from high-performance computing (HPC), which grew 22% from the prior quarter. Revenue reached $46.72 billion, up 41.2% year over year, net income rose 68.7%, and gross margin hit 66.4%. Processes at 7nm and below made up 79% of wafer revenue, with 3nm at 33% and 2nm at 8%. TSMC guided Q4 revenue to $52.3–54.3 billion and expects roughly 44% full-year growth in U.S. dollars. The author remains bullish, saying ongoing demand for advanced AI chips should keep profits rising.
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
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