South Korean company Naver agrees to acquire Poshmark for $17.90 per share, representing an enterprise value of ~$1.2B; Poshmark stock rose 14%+ after hours (Kathryn Hardison/Wall Street Journal)

New York Times:
A look at South Korean conglomerate Naver’s experiments with a fleet of ~100 office robots, including efforts to make employees comfortable with their presence  —  Naver, a South Korean internet firm, is trying to introduce robots into the world of cubicles and conference rooms without making employees uncomfortable.

Kathryn Hardison / Wall Street Journal:
Carvana says it will lay off about 1,500 people, or ~8% of its workforce, adding to the ~2,500 workers it laid off in May 2022  —  Planned workforce reductions come as demand from consumers remains under pressure  —  How Carvana’s Stock Crashed: What Went Wrong  —  Created with sketchtool.

Kathryn Hardison / Dow Jones Newswires:
HPE Q4: revenue up 7% YoY to $7.87B, vs. $7.37B est., including Intelligent Edge up 18% YoY to $965M, HPC & AI down 14% YoY to $862M, and Compute up 16% YoY  —  Hewlett Packard Enterprise Co.’s fiscal fourth-quarter revenue increased as the company responded to strong demand.

Jennifer Korn / CNN:
Researchers submitted 20 ads with “blatant” voting misinfo and TikTok approved 90% of them, Facebook approved a “significant number”, YouTube approved none  —  New York CNN Business —  Facebook and TikTok failed to block advertisements with “blatant” …

Brody Ford / Bloomberg:
Dell agrees to pay $1B to settle a shareholder lawsuit over a $23.9B stock conversion in 2018; investors alleged the transaction was billions below market value  —  Dell Technologies Inc. agreed to pay $1 billion to settle a shareholder lawsuit relating to a controversial 2018 stock conversion transaction.

Kate Park / TechCrunch:
South Korean financial super app Toss raised $405M Series G at a 9.1T won valuation, or ~$7B, after a 8.5T won valuation in June ’21; Toss Bank has 5M users  —  Viva Republica, an operator of South Korean finance super app Toss, has finalized a $405 million Series G funding and it says it is now valued …