Electric vehicle start-up Rivian Automotive raised the expected IPO price of its shares on Friday. Rivian now plans to offer 135 million shares priced between $72 and $74, up from $57 to $62, according to an updated securities filing. At the top end of that current range, and assuming underwriters exercise an option to purchase 20.25 million additional shares, Rivian would be worth more than $65 billion. Pinterest on Thursday reported better-than-expected earnings and revenue for the third quarter despite a decline in monthly users. The company’s stock rose 6% in extended trading after closing at its lowest in over a year during the regular session. Airbnb reported strong third-quarter profit growth and a beat on revenue estimates Thursday, as the company continues its recovery from Covid-19 and travel returns as vaccinations efforts ramp up worldwide. Shares briefly rose more than 3% in after-hours trading before paring gains. AMC Entertainment is betting big on its popcorn. The world’s largest movie theater chain is entering the packaged food market and will begin selling its popcorn at mall kiosks, supermarkets and convenience stores in the U.S. next year. The company plans to launch up to five AMC Theatres Perfectly Popcorn stores, counters and kiosks in shopping malls during the first half of 2022, with plans to have 15 retail stores open before 2023. These locations will feature traditional and gourmet flavored popcorn, candy and other movie theater treats, as well as Coca-Cola Freestyle machines and bottled water. Popcorn will be made onsite and the company plans to add delivery options. Uber reported third-quarter financial results that included a first-ever adjusted EBITDA profit. The company reported a net loss of $2.4 billion for the quarter. That was largely attributed to a drop in the value of its investment holdings, particularly in Didi. Uber said active U.S. mobility drivers were up nearly 60% year -over year in the third quarter.
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