Live updates: promos, term changes, new challenges, payouts.
In October, the comparison site PropFirmMatch admitted that clicks on company profiles and promo codes opened their websites through its affiliate links. Three prop firms terminated the partnership, and the head of Topstep revealed the price of a listing - $10,000 a month.
On November 2, reports emerged that Meta (the company is recognized as extremist in the Russian Federation, and its activities are banned) is again preparing a bond offering to finance capital expenditures on artificial intelligence. The parameters of the issue - amount, term, yield - have not yet been disclosed.
Oracle (an American software giant, one of the heavyweight stocks in the S&P 500 and Nasdaq 100) filed documents to offer new shares and bonds worth $20 billion - the money will go toward building AI infrastructure. The stock responded with a drop of about 5%.
The largest prop firm aggregator prop firm Match admitted that clicking on a company card or on a promo code on its website opened the partner's website via an affiliate link (a link through which the aggregator is credited with a commission from the sale). Since October 30, about 21 brands have terminated the partnership, and the platform has 38 partners left.
The largest prop firm comparison site prop firm Match admitted that it substituted its affiliate link even for those who simply opened the company's page or copied a promo code. Within a few days, at least six partners left it, including Apex Trader Funding and Blue Guardian.
S&P Global Ratings affirmed Meta's AA- credit rating but changed its outlook from "stable" to "negative". The reason is spending on artificial intelligence infrastructure: for the quarter, it exceeded the money the company earned from operations.
Topstep, Apex Trader Funding, Tradeify and Goat Funded Trader have ended their partnership with Match, one of the largest prop firm aggregators. The publicly stated reason was concerns over affiliate tracking: the mechanism by which the catalog earns a commission on every challenge purchased through its link.
In its 10-Q report (a mandatory quarterly report public companies file with the SEC, the US market regulator), Microsoft for the first time named the exact amount of money OpenAI brings in: $10.0B for the quarter ended September 30, 2026. That is about 11% of the company's total quarterly revenue.
On Friday, South Korea's main KOSPI index plummeted 5.25% to 5,626.02 points (05:20 MSK). SK hynix lost 8.65%, Samsung Electronics - 6.03%. The reason is investors' doubts about the returns on artificial intelligence investments, not poor earnings reports.
At the market open on Thursday, Alphabet (Google's parent company) shares plunged 13.18% to $279.47 - the strongest one-day drop in the company's history. About $522 billion was wiped off its market capitalization, which fell to $3.44 trillion.
Alphabet (Google's parent company) reported for Q3 on the evening of October 28 at 23:00 Moscow time and lost 10% in the evening session. It wasn't revenue that let it down, but profit and cash: free cash flow went negative for the second quarter in a row.
Microsoft publishes first-quarter fiscal 2027 results on Wednesday, October 28, after the US market close - the same evening as the Fed decision and Alphabet's report. For Nasdaq, this is a concentrated test of whether AI infrastructure investments are paying off.
BTC's trip to $85,000 ended in a reversal: from a high of $84,840 the price fell to $81,500, down almost 3%. The trigger did not come from crypto - the market was disappointed by Tesla's earnings report, and $431 million in leveraged positions were wiped out in a day.
Meta Platforms (NASDAQ: META; the company is recognized as extremist and banned in the Russian Federation) on October 21 reported revenue above forecast, but on the same day a court in New Mexico ordered it to pay $25 billion in a data privacy case. The shares reacted with a rise of about 2%, to $708.
On Tuesday and Wednesday after the US market close, quarterly reports from Tesla, Meta, Netflix and SpaceX are released. Nasdaq values just the first three at a combined $3.6 trillion - the reaction in their shares drags the entire tech sector along with it.
