TechCrunch Top 3

Figma's Dylan Field will cash out about $60M in IPO, with Index, Kleiner, Greylock, Sequoia all selling, too: Figma is allowing existing shareholders to sell more stock than the company will in its IPO. Read More

Grok's AI companions drove downloads, but its latest model is the one making money: Given Grok's expensive new subscription offering, timed alongside the Grok 4 launch, it's not surprising to see that even a smaller increase in the number of paying subscribers could drive Grok's iOS revenue significantly higher. Read More

72% of US teens have used AI companions, study finds: By "companion," the study is focused on AI chatbots that are designed for users to have more personal conversations with, not AI assistants that work as homework helpers, image generators, or voice assistants that just answer questions. Read More

A message from Pacaso

Major investors bet big on this "unlisted" stock

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. No wonder well-known VCs who backed the likes of eBay, Venmo, and Uber already backed Pacaso. They've made $110M+ in gross profits to date by bringing co-ownership to a $1.3T market. They even reserved the Nasdaq ticker PCSO. And you can invest, too.

This is a paid advertisement for Pacaso's Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals.

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Afternoon Must-Reads

New zero-day bug in Microsoft SharePoint under widespread attack: Security researchers say Microsoft customers should take immediate action to defend against the ongoing cyberattacks, and must assume they have already been compromised. Read More

Anduril alums raise $24M Series A to bring military logistics out of the Excel spreadsheet era: Rune Technologies raised $24 million to advance deployment of TyrOS, AI-enabled predictive software for military logistics that can run on the ground without internet connection. Read More

ChatGPT users send 2.5 billion prompts a day: ChatGPT receives 2.5 billion prompts from global users every day. Read More

Figma looks to raise nearly $1B as it kicks off its IPO roadshow: Figma looks to offer more than 36 million shares with an expected price range between $25 and $28 a share. Read More

Hackers exploiting SharePoint zero-day seen targeting government agencies: Thousands of SharePoint servers could be vulnerable to hackers, according to cybersecurity firms. Read More

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Last but Not Least

Chrome for iOS makes it easier to switch between work and personal Google accounts: When users sign in or switch to their work Google account in Chrome, browsing related to their organization will be kept separate from their other browsing on the device. Read More