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 (Rebecca Elliott/Wall Street Journal)

Sarah E. Needleman / Wall Street Journal:
Pinterest adds Elliott Management’s Marc Steinberg to its board as part of an agreement with the activist investor; Elliott has a stake of over 9% in Pinterest  —  Activist investor has also entered into a long-term agreement to help the social-media company grow

Steve Dent / Engadget:
Sony reports Q2 gaming revenue rose 12% YoY to $4.92B and ships 3.3M PS5 units, flat YoY, bringing total sales to 25M; software sales fell to 62.5M units  —  In its latest earnings drop, Sony said it sold 3.3 million PlayStation 5s this quarter, matching exactly what it did last year …

Manya Saini / Reuters:
The US SEC will set up the “Office of Crypto Assets” to deal with corporate disclosure filings related to the crypto industry  —  The U.S. securities regulator will set up two new offices to deal with filings related to crypto assets and the life sciences sector, the agency said on Friday.

Anton Wilen / Bloomberg:
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  —  Japanese investor SoftBank Group Corp has sold its entire stake in Sinch AB following a share price collapse of more than 90% in the Swedish cloud-based platform provider.

The Verge:
At Tesla AI Day, Musk reveals a protoype of Optimus, a humanoid robot that uses Tesla’ AI and advanced driver assist features, expects to cost less than $20K  —  Tesla CEO Elon Musk revealed a prototype of a humanoid robot that he said utilizes the company’s AI software …

Jane Zhang / Bloomberg:
Alibaba doesn’t disclose its Singles’ Day sales for the first time, instead saying gross merchandise value was in line with 2021, when it had $76.1B in sales  —  Alibaba Group Holding Ltd. decided not to disclose full sales results for its signature Singles’ Day shopping festival for the first time …