FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round

FTX in talks to raise up to billion at valuation of about billion, in-line with prior round

Crucial Points

FTX is talking with possible buyers about a funding round that would preserve the company’s valuation in-line with a prior financing earlier this year.
The privately held company has been on a buying frenzy all through the “crypto winter.”
Existing investors include things like Singapore’s Temasek, SoftBank’s Vision Fund 2 and Tiger World.

Source

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Key Points Uber and Disney pointed to a remarkably resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips. “The consumers are spending, they’re spending locally, and we don’t see any signs of that weakening at this point,” CEO Dara Khosrowshahi said. Source

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