Bio
Saqib is COO and co-founder at A47 AI, where he runs operations and leads the prediction-markets initiative. He covers crypto, Web3, and the decentralization of the sport and entertainment economy.
Editorial Responsibility
As A47's prediction-markets and crypto editor, I am responsible for our coverage of these markets and Web3 — ensuring it is grounded in real product, data, and revenue rather than speculation.
Previous experience · 14+ years
- · WPP Media (GroupM PK, Wavemaker PH)
- · MYCO
- · ARY Digital Network
Education
MBA Marketing, SZABIST
Areas of expertise
Categories overseen
Stories from Saqib Pathan’s desk
4272 stories- Business· World
Peloton reports $26 million profit and raises annual sales guidance
Peloton Interactive Inc. has reported a profit of $26 million in its fiscal third quarter, marking a significant turnaround for the company. This positive shift is driven by new commercial offerings and upgraded equipment, which have bolstered investor confidence. Looking ahead, Peloton's raised sales guidance suggests a potential recovery trajectory, warranting close monitoring of its strategic initiatives.
3 sourcesMay 10Low
- Business· World
Kalshi secures $1 billion in Series F funding, doubling valuation to $22 billion
Kalshi has raised $1 billion in a Series F funding round, resulting in a valuation increase from $11 billion to $22 billion within five months. This surge in valuation is driven by a significant 800% increase in institutional trading volume on the platform over the past six months. The long-term implication suggests a potential shift in the acceptance and utilization of prediction markets in mainstream finance, influencing various sectors including finance and politics.
8 sourcesMay 10Low
- Crypto· World
Payward Inc. acquires Reap Technologies for $600 million to enhance Kraken's stablecoin services
Payward Inc., the parent company of Kraken, has announced its acquisition of Hong Kong-based Reap Technologies for up to $600 million. This strategic move is aimed at strengthening Kraken's stablecoin payment services and expanding its footprint in the Asian market. As Kraken integrates Reap's technology, it is likely to bolster its competitive position in the growing cryptocurrency sector, particularly in stablecoin transactions.
8 sourcesMay 10Low
- Business· World
HawkEye 360 successfully completes $416 million IPO amid rising defense sector interest
HawkEye 360 raised $416 million in its IPO, marking a successful market debut. This event is driven by increasing investor enthusiasm for defense-related companies as the IPO market shows signs of recovery. The long-term implication is that this success may encourage more defense contractors to pursue public offerings, reshaping investment dynamics in the sector.
3 sourcesMay 10Low
- Crypto· World
U.S. Treasury Investigates Binance for Sanctions Violations Linked to Iran
The U.S. Treasury has initiated an investigation into Binance for potential sanctions violations related to Iran. This scrutiny arises from allegations that Binance facilitated transactions linked to Iran, prompting the Treasury to request interviews and records from the exchange. The long-term implications could significantly affect Binance's operations and regulatory standing in the U.S. cryptocurrency market.
5 sourcesMay 10Low
- Business· World
GameStop CEO Ryan Cohen bids $56 billion for eBay amid investor skepticism
GameStop's CEO Ryan Cohen has made a $56 billion bid for eBay, prompting significant market reactions. The immediate trigger for this move is the unconventional nature of the bid, which has raised concerns among investors, including Michael Burry, who sold his shares due to debt implications. The long-term implications could reshape GameStop's future and influence investor sentiment in the gaming and retail sectors.
3 sourcesMay 10Moderate
- Business· World
Cloudflare reports 34% revenue growth but announces over 1,100 job cuts
Cloudflare has reported a 34% year-over-year revenue increase for Q1, reaching $639.8 million, while also announcing plans to cut over 1,100 jobs. This shift is driven by the company's transition to an AI-first operating model amid rising AI costs, which has disappointed investors. The long-term implication may involve a reevaluation of operational strategies as Cloudflare seeks to balance innovation with profitability.
3 sourcesMay 10Moderate
- Business· World
Ramp seeks to raise $750 million at over $40 billion valuation
Ramp is in discussions to raise $750 million, targeting a valuation exceeding $40 billion. This funding effort comes on the heels of a previous valuation of $32 billion just six months ago, reflecting strong investor confidence in the fintech sector. If successful, this funding round could further solidify Ramp's competitive position in the corporate card market and the broader fintech landscape.
3 sourcesMay 10Low
- Economy· World
Oil prices drop over 7% amid renewed U.S.-Iran peace talks
Oil prices fell by more than 7% following announcements of renewed peace negotiations between the U.S. and Iran. The immediate market reaction reflects a mix of optimism and skepticism regarding the potential outcomes of these talks. Long-term, the stability of the oil market will hinge on the success or failure of these negotiations and their impact on global oil supply.
4 sourcesMay 10Low
- Crypto· World
Coinbase reports $394 million loss in Q1 2026 amid declining crypto prices
Coinbase has announced a significant quarterly loss of $394 million for Q1 2026, marking its second consecutive quarterly loss. This financial downturn is attributed to a slowdown in trading activity as digital asset prices continue to fall. The company is now focusing on diversifying its offerings to stabilize its financial health and adapt to the challenging market conditions.
8 sourcesMay 10Low
- Business· World
MercadoLibre reports record revenue growth but misses profit expectations
MercadoLibre announced a 49% year-over-year revenue increase for Q1 2026, reaching $8.8 billion, yet its net income fell to $417 million, below analyst expectations. This discrepancy has led to a more than 5% drop in its stock price, reflecting ongoing investor concerns about profitability despite strong revenue growth. Moving forward, the company must focus on improving its profit margins to regain investor confidence and ensure sustainable growth.
3 sourcesMay 10Low
- Business· UAE
Wynn Resorts delays opening of UAE casino resort due to regional conflicts
Wynn Resorts has announced a delay in the opening of its new casino resort in Ras Al Khaimah, UAE. This postponement is attributed to the ongoing war in Iran, which has created instability in the region. As tensions persist, further delays in the UAE's gaming sector may occur, prompting investors to reassess their strategies.
3 sourcesMay 10Low
- Business· World
Rupert Murdoch lobbies Trump to secure NFL broadcasting rights amid streaming competition
Rupert Murdoch has met with President Donald Trump to advocate for federal intervention to protect Fox Corporation's NFL broadcasting rights. This meeting comes as streaming services increasingly threaten traditional media's dominance in sports broadcasting. The outcome could significantly alter the landscape of sports media consumption in the U.S.
3 sourcesMay 10Low
- Business· World
CoreWeave Reports Widening Losses Amid Rising Component Costs
CoreWeave has reported widening losses and issued a disappointing forecast for the current quarter. This shift is triggered by rising component costs that are impacting the company's capital expenditures as it seeks to expand operations in the AI sector. Long-term, CoreWeave's ability to manage these costs while demonstrating growth will be crucial for maintaining investor confidence in a competitive landscape.
3 sourcesMay 10Moderate
- Business· World
Ryan Cohen initiates $56 billion hostile takeover bid for eBay
Ryan Cohen has launched a $56 billion bid to acquire eBay, marking a significant move in the tech acquisition landscape. This bid follows a controversial CNBC interview and a publicity stunt that raised investor skepticism about his strategy. If successful, this acquisition could redefine traditional corporate acquisition strategies, particularly influenced by meme stock culture.
4 sourcesMay 10Moderate
- Business· World
Cloudflare announces 1,100 job cuts leading to over 20% stock decline
Cloudflare's stock fell more than 20% following the announcement of 1,100 job cuts despite reporting a 34% revenue growth for Q1. The immediate trigger for this decline is the company's revenue forecast miss, which has raised investor concerns about future profitability. In the long term, investors will closely monitor Cloudflare's ability to stabilize its stock and improve its sales outlook amidst these workforce reductions.
3 sourcesMay 10Moderate
- Economy· World
Boston Fed President advocates for hawkish interest rate policy amid inflation concerns
Boston Fed President Susan Collins has emphasized the need for a steady interest rate policy in response to rising inflation risks. This stance is triggered by geopolitical tensions, particularly related to Iran, which are exacerbating inflationary pressures. The long-term implication is that the Federal Reserve is likely to maintain a restrictive approach to interest rates, prioritizing inflation control over labor market considerations.
3 sourcesMay 10Low
- Economy· World
China's energy imports decline sharply due to Strait of Hormuz disruptions
Chinese energy imports fell significantly in April 2026 as a result of war-related disruptions in the Strait of Hormuz. This decline marks the lowest level of fuel exports for China in nearly four years, highlighting the vulnerability of global energy supply chains. The ongoing conflict in the region may lead to further volatility in global energy prices and supply dynamics.
3 sourcesMay 10Moderate
- Business· World
Shell reports $6.9 billion profit increase amid Middle East tensions
Shell has announced a profit increase of $6.9 billion for Q1 2026, surpassing analyst expectations. This surge is attributed to rising oil prices driven by ongoing geopolitical tensions, particularly the Iran war. Moving forward, Shell's financial strategies will be closely scrutinized as it balances shareholder rewards with public criticism over its profits during conflict.
6 sourcesMay 10Low
- Business· World
Shell Reports $6.9 Billion Profit Amid Iran War
Shell has reported a significant profit of $6.9 billion in the first quarter of 2026, largely attributed to soaring energy prices amid the ongoing Iran war. This surge in profits has sparked outrage among climate campaigners and renewed calls for higher taxes on fossil fuel companies to support those affected by rising energy costs. As the conflict continues, the oil market may remain volatile, potentially leading to further profits for companies like Shell while intensifying the debate over energy policies and corporate responsibility.
6 sourcesMay 10Moderate