New York-based Bilt, which offers a loyalty program and credit card to convert rent payments into points, raised $150M led by Left Lane at a $1.5B valuation (Gillian Tan/Bloomberg)

Kaya Yurieff / The Information:
Pinterest says it is ending the creator rewards program that it launched in 2021, which offered cash bonuses when creators completed certain goals  —  Pinterest is ending its creator rewards program, which offered cash bonuses when creators completed goals such as hitting certain engagement metrics, The Information is first to report.

Gillian Tan / Bloomberg:
The Coterie, which lets founders access funds from Coatue, a16z, and others to sidestep illiquid stock, raised a $40M Series A led by a16z at a $100M+ valuation  —  Andreessen Horowitz led a $40 million funding round for The Coterie, valuing the financial technology platform at more than $100 million.

ProPublica:
Many big US property managers use RealPage’s YieldStar software to set rent prices, raising questions about potential collusion in violation of federal law  —  ProPublica is a nonprofit newsroom that investigates abuses of power.  Sign up to receive our biggest stories as soon as they’re published.

Gillian Tan / Bloomberg:
Source: Sam Bankman-Fried told investors that FTX needs a cash injection or the company would need to file for bankruptcy due to a shortfall of up to $8B  —  Sam Bankman-Fried told FTX.com investors on Wednesday that without a cash injection the company would need to file for bankruptcy …

Heather Vogell / ProPublica:
Source: the US DOJ is investigating whether rent-setting software made by RealPage is facilitating collusion among landlords to drive up rental prices  —  The DOJ will examine whether RealPage helped landlords coordinate rent increases.  Questions also swirl around a 2017 merger deal with its largest competitor.

Olivia Poh / Bloomberg:
Singapore-based online shopping rewards app ShopBack adds $80M to its Series F from Temasek’s 65 Equity, making the round $160M, source says at a ~$1B valuation  —  ShopBack, an online shopping rewards app backed by Singapore’s Temasek Holdings Pte, raised $80 million from the state investment …