💰 Revolut seeks $40B valuation in employee share sale (FT)
- The company is working with Morgan Stanley to sell about $500 million worth of existing shares, including those held by employees. The new valuation would be 20% higher than the $33 billion valuation it achieved in a 2021 fundraise.
🏛️ CFTC probing Jump Crypto (Fortune)
- The commission is investigating the firm's trading and investing activities. Jump, once an investor in defunct crypto startup Terraform Labs, is known as one of the most active high-frequency trading shops in the space.
💻 LendingTree gets hacked (Bloomberg)
- Hackers are selling data about consumers who used the QuoteWizard subsidiary. LendingTree allegedly discovered unauthorized access to a cloud database hosted by Snowflake, Bloomberg reports.
🌰 Acorns eyes IPO (Bloomberg)
- CEO Noah Kerner says the investing and checking accounts app will probably hold an IPO within the next couple of years.
- It's not the first time Acorns has considered going public. In January 2022, it called off a $2.2 billion SPAC deal with Pioneer Merger Corp. due to market conditions.
