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UK neobank Monzo hits $5.9B valuation with secondary market sale

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Monzo app

Monzo is now valued at $5.9 billion after the U.K.-based challenger bank confirmed a secondary market share sale to provide liquidity for its employees.

The transaction, first rumored yesterday, saw existing investors such as Singapore’s sovereign wealth fund (GIC) and StepStone Group procuring additional shares in the London-based fintech.

A secondary market sale essentially rewards employees for getting a company to where it is, without having to go public — or, at least, buying it more time.

It has been an action-packed year for Monzo. The company raised $190 million in May, just two months after kicking off a $425 million Series I round that saw Alphabet’s CapitalG and sister VC firm GV making a rare co-investment. The startup has now raised around $1.5 billion since its foundation nine years ago.

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At the time of its March fundraise, Monzo said its pre-money valuation was £3.6 billion ($4.6 billion), implying a post-money valuation of £4 billion ($5 billion) — this valuation rose slightly with the second tranche that followed in May. The following month, Monzo reported its first full-year (pre-tax) profit, with its revenues more than doubling from the previous year. The company claims 20% of U.K. adults as customers as well as 6% of businesses in the country.

This growth, coupled with a roadmap that includes a wider European expansion and plans to accelerate its rollout in the U.S market where it appointed a new CEO last October, has clearly been deemed sufficient for a valuation bump in the past five months.

Rival U.K. neobank Revolut recently confirmed a new valuation of $45 billion via a similar secondary market sale, shortly after securing its own banking license in the U.K. and Mexico.

“It’s great to be able to provide employees with some liquidity, while meeting further investor demand for Monzo equity,” Monzo CEO TS Anil said in a statement.

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Bluesky pitches new features at disgruntled Threads users

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Bluesky pitches new features at disgruntled Threads users

Version 1.92 of the Bluesky app is rolling out now. The update adds a new option that allows users to pin posts to the top of their profiles, similar to how they’re displayed on X. The ability to switch between two different fonts and adjust text sizing has also been added to the Appearance settings, though Bluesky says the “Theme” font provides a better user experience than the “System” option.

The new font options are pretty limited, but they allow you to shrink or enlarge text at least.
Image: Bluesky

The update includes some quality-of-life improvements like the ability to delete a DM conversation by swiping on it, share camera roll videos directly to the platform, and apply muted words to notifications and search results. There’s also a new filtering tool that controls what languages appear in search results. More generally, Bluesky says it’s made “multiple look & feel improvements” to the app like adding new animations.

From the example Bluesky provided, it seems users can only filter by one language at a time.
Image: Bluesky
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“We’re always keeping an eye on your feedback to improve the Bluesky experience,” Bluesky said in its announcement on Threads. “If you’re on Bluesky, we’re grateful to have you along for the ride, and if you haven’t signed up yet, it’s not too late ;).”

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Millions of conversations leaked after AI call center hacked

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Millions of conversations leaked after AI call center hacked

A major call center service provider in the Middle East has lost an enormous amount of private customer data after being hacked.

Researchers from Resecurity spotted the hackers trying to sell the stolen database on the dark web, via a new thread on the infamous Breached forums, where threat actors usually share resources, buy and sell information, and communicate.

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REVIEW PRODUCK DARI LED LS40 | INDORACK |

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REVIEW PRODUCK DARI LED LS40 | INDORACK |



Product type : LED LS40
Wieght : +/- 0,28 kg
Dimensions : 420mm x 21mm x 40mm ( DxWxH )
Color Temperatur : 2800~3500k / Warm White
Input Voltage : 5V
Power Consumption : 5 Watt
Battery : Rechargeable 4000mAH Lithium-ion Baterry
Full Charge Time : 4~5 Hours
Lighting Duration : 3~4 Hours (100% brightness)
6~8 Hours (30% brightness)
Complete Set With : – 4pcs Screws
– 2pc Iron Bracket
– 2pc Double-side Adhesive Tape

jangan lupa follow instagram kita yah:
https://www.instagram.com/indorackofficial/ .

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Elon Musk’s Tesla Cybercab is a hollow promise of a robotaxi future

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Elon Musk's Tesla Cybercab is a hollow promise of a robotaxi future

The Tesla Cybercab has no steering wheel and no pedals

Tesla

At a glitzy event held at Warner Bros. Studios Burbank in California, Tesla CEO Elon Musk unveiled the Cybercab: a robotic, self-driving taxi. Musk said that the vehicle, which has two seats, no steering wheel and no pedals, would be available before 2027. “I think it’s going to be a glorious future,” he told the crowd on 10 October.

Meanwhile, just a few kilometres south in Los Angeles, people are already being ferried about by autonomous vehicles operated by Waymo. It seems that the future is already here…

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The modular system you’ve been waiting for – meet the UCS X-Series

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The modular system you’ve been waiting for – meet the UCS X-Series



Take a closer look at the new Cisco UCS X-Series Modular System powered by Intersight. .

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This low-budget horror movie might sink Joker 2 at the box office this weekend

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This low-budget horror movie might sink Joker 2 at the box office this weekend
A man in white suit smiles in Joker: Folie a Deux.
Warner Bros.

It’s not an exaggeration to say that Warner Bros. is not happy right now. Still reeling from its expensive action prequel Furiosa disappointing at the box office over the summer, the legendary studio suffered further embarrassment when its long-awaited, $190 million follow-up to the billion-dollar-grossing 2019 hit Joker, Joker: Folie á Deux, flopped, grossing an embarrassing $37.8 million over three days. To put this in context, just over a month ago, the movie was projected to make over $100 million in its opening weekend.

What happened? Well, that’s a topic for another article, but the simple version is this: if it isn’t good, and no one is asking for it, people won’t see it. Period. Now the problem for WB is this: if few people wanted to see Joker 2 on the first weekend, what makes them think more will come on the second weekend?

That’s what may happen in the next three days as Joker: Folie á Deux is expected to drop at least 70% at the box office. That’s roughly in line with last year’s comic book flop The Marvels, which also debuted with a soft $46 million before dropping a massive 78% in its second weekend with a meager $10.1 million gross. For non-math nerds out there, that’s around $8 million to $10 million for the DC Comics sequel. Ouch.

A killer clown goes to hit someone in the stomach with an ax.
Cineverse

What makes this worse is that the Joaquin Phoenix-led musical will be knocked off its first-place perch by a horror sequel that cost around $5 million to make. Terrifier 3, the latest chapter in the increasingly popular, and increasingly gory, franchise, is projected to gross at least $10 million, with an expectation that it will overperform and may hit $15 million by the end of next Sunday. That’s stunning for any film, much less one like Terrifier 3, to supplant a heavily hyped studio movie in its second weekend. That just doesn’t happen, ever, and it’s likely it will happen now.

It’s a bit poetic that a movie about a man who puts on clown makeup to mobilize an army of anti-social misfits will be defeated by a horror movie starring Art the Clown, who mainly appeals to the audience that the first Joker brought it all the way back in 2019. I just hope Terrifier 4 doesn’t have any musical numbers with Art tap-dancing on someone’s spleen.

Joker: Folie á Deux and Terrifier 3 are playing in theaters. Skip both and watch The Dark Knight again on Max instead.

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