SoftBank, which bought a 10% stake in Twilio competitor Sinch in November 2020, sells its remaining 5% stake; Sinch’s stock has fallen 93% since September 2021 (Anton Wilen/Bloomberg)

Jordan Novet / CNBC:
Twilio reports Q3 revenue up 33% YoY to $983M, vs. $972.2M est., 280K+ active customer accounts, and Q4 revenue guidance below estimates; the stock drops 15%+  —  – Twilio’s quarterly revenue projection was softer than analysts had been looking for.  — The company added about 5,000 active customer accounts in the quarter.

Taylor Soper / GeekWire:
Twilio will sunset Zipwhip’s business texting service on December 1, 2023, after acquiring the Seattle startup last year for $850M in cash and stock  —  Twilio will sunset Zipwhip’s software after acquiring the Seattle startup for $850 million last year.  —  According to the latest update …

Reuters:
Sources: SoftBank sells 29.35M Paytm shares, or a 4.5% stake, for $200M, causing Paytm stock to drop 9%+; Vision Fund was Paytm’s second-largest shareholder  —  SoftBank Group Corp (9984.T) on Thursday sold a 4.5% stake in Indian digital payments giant Paytm (PAYT.NS) through block deals for $200 million …

Ingrid Lunden / TechCrunch:
General Atlantic to buy out SoftBank’s entire 15% stake in game-based online learning service Kahoot for about $152M; SoftBank spent $215M+ for the stake  —  SoftBank’s retreat from its past investing exuberance continues apace.  This morning, Kahoot, the Norwegian startup that provides …

Rebecca Elliott / Wall Street Journal:
Filings: after taking over Twitter, Elon Musk sold 19.5M Tesla shares, worth almost $4B, between November 4-8; Musk retains a roughly 14% stake in Tesla  —  The 19.5 million shares sold this month follows earlier sales in April and August  —  Elon Musk sold almost $4 billion …

Rafaela Lindeberg / Bloomberg:
Swedish last-mile delivery startups Instabox and Budbee plan to merge and create Instabee, valued at ~$1.66B  —  Swedish last-mile delivery operators Instabox AB and Budbee AB plan to merge to create a new company at a valuation of 18 billion kronor ($1.66 billion), according to an emailed statement.