Carmen Arroyo / Bloomberg:
Sources: X reported $752M in Q3 revenue, up 17% YoY, a net loss of $577.4M, and EBITDA of ~$454M, up 16%; revenue for the first nine months of 2025 was $2B+  —  Sales at Elon Musk's X jumped during the third quarter, but the social network is still dealing with significant costs …

Ann Gehan / The Information:
Source: livestream shopping app Whatnot nears ~$1B in revenue for 2025; Whatnot says it has passed $6B in gross sales this year, more than doubling 2024's sales  —  Livestream shopping app Whatnot is targeting close to $1 billion in revenue for 2025, according to a person with knowledge of the company's finances.

Rocket Drew / The Information:
Companies are updating insider trading policies to cover prediction markets; Kalshi and others are pushing for federal oversight, including of insider trading  —  Over the past week, a handful of accounts on Polymarket, the predictions site, bet OpenAI would release a new large language model by December 13.

Brody Ford / Bloomberg:
Sources: Oracle pushed back the completion dates for some data centers it is building for OpenAI from 2027 to 2028, largely due to labor and material shortages  —  Oracle Corp. has pushed back the completion dates for some of the data centers it's developing for the artificial intelligence …

Nina Bambysheva / Forbes:
Kalshi integrates its event trading platform into the popular crypto wallet Phantom; Dune: in November, Kalshi's trading volume hit $5.8B vs. Polymarket's $3.7B  —  As Kalshi's trading volume surpasses Polymarket's, it will now offer prediction market access to Phantom's 15 million users on Solana.