Cloudflare reports Q3 revenue up 39% YoY to $782.5M, above $737.2M est., a $34.1M net loss, and lifts its FY 2026 guidance; NET jumps 14%+ after hours (Elias Schisgall/Wall Street Journal)

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• Lyft reports Q3 revenue up 8% YoY to $1.82B, vs. $1.92B est., and a net loss of $0.03 a share, vs. an est. profit of $0.20 a share; LYFT drops 8%+ after hours (Kelly Cloonan/Wall Street Journal)

  The ride-hailing company disappointed investors across key financial metrics despite managing single-digit top-line growth over the prior year. An unexpected bottom-line deficit alongside lagging sales triggered an immediate sell-off in extended trading. Markets had anticipated a profitable quarter, making the actual shortfall particularly punishing for the company's valuation.

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• New York Times Company in advanced talks to acquire Letterboxd for roughly $330 million, NYT reports

  The New York Times Company is in advanced talks to acquire the film-focused social platform Letterboxd. According to a report by The New York Times, the potential acquisition is valued at roughly $330 million.

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• Canva lays off 1,271 staff, offers six months' pay, MacBooks and healthcare

  The major organizational restructuring marks the most difficult operational decision in the Australian design platform's 13-year history. Moving roughly 22 percent of the global workforce out of existing roles or into centralized regional hubs aims to fundamentally reshape company operations. To cushion the transition, leadership has paired the workforce reduction with equity adjustments and entrepreneurial support grants.

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