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Startups

Palantir’s US commercial sales top government revenue for the first time

Palantir’s US commercial business brought in more revenue than its US government work for the first time in the third quarter. US commercial revenue rose 148% from a year earlier to $984m, the company said in its earnings release on Monday. Revenue from the US government rose 96% to $953m.

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Startups

Meta reportedly weighs $20B bond sale, its first in euros

Meta is sounding out investors for a bond sale worth at least $20bn, Bloomberg reported on Monday, citing a person familiar with the matter. It would be the company’s first bond sale in euros. The plan under discussion splits the deal into US dollar bonds in five parts and euro notes in six parts.

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General Tech

Squarespace lays off 19% of staff, about 300 people

Squarespace is laying off 19% of its workforce, about 300 people, The Verge reported on Monday. The website builder has about 1,800 employees worldwide. Most of the cuts hit product and engineering teams, according to a companywide memo from chief executive Anthony Casalena seen by Business Insider.

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