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
8425 stories- Business· World
Shopify Reports Strong Q3 Revenue Outlook Driven by AI Growth
Shopify has announced a third-quarter revenue forecast that exceeds market expectations, resulting in a significant surge in its stock price. This positive shift is attributed to the company's successful integration of AI tools, which have tripled traffic and orders year over year. Looking ahead, Shopify is positioned for sustained growth in the e-commerce sector as it continues to expand its merchant base and leverage technology advancements.
3 sourcesAug 8
- Business· World
SanDisk stock drops over 13% despite better-than-expected earnings
SanDisk's stock fell over 13% following its earnings report, despite reporting stronger-than-expected results. This decline reflects growing investor skepticism about the sustainability of tech valuations amid the ongoing AI boom. The long-term implication may involve a shift in investor focus towards more stable assets, including cryptocurrency, as tech stocks face increased scrutiny.
3 sourcesAug 8
- Business· World
Bending Spoons acquires Airtable for $1.28 billion amid declining valuations
Bending Spoons has announced its acquisition of Airtable for $1.28 billion, marking a significant shift in the tech landscape. This acquisition is occurring as Airtable's valuation has plummeted from $11 billion in 2021, reflecting broader challenges faced by software unicorns. The deal may indicate a trend towards further consolidation in the software industry as companies adapt to new market realities.
6 sourcesAug 8
- Economy· World
Federal Reserve Governor Signals Potential Interest Rate Hike Amid Persistent Inflation
Federal Reserve Governor Lisa Cook has expressed her readiness to raise interest rates if inflation does not begin to ease. This shift comes as inflation remains consistently above the Fed's target rate, prompting Cook to reconsider her previous stance against rate hikes. In the long term, this could lead to more aggressive monetary policy actions by the Federal Reserve to combat inflationary pressures.
4 sourcesAug 8
- Business· World
Citadel Capitalizes on AI Stock Selloff to Boost Fund Performance
Citadel's flagship fund surged nearly 6% after acquiring discounted assets from the struggling Situational Awareness hedge fund. This acquisition was triggered by the recent selloff in AI stocks, which forced Situational Awareness to liquidate its portfolio at a loss. The long-term implication suggests that ongoing volatility in the AI sector may create further investment opportunities for savvy hedge funds like Citadel.
5 sourcesAug 8
- Business· World
Glencore plans secondary listing in Australia to access pension market
Glencore Plc has announced plans for a secondary listing in Australia to tap into the A$4.4 trillion pension market. This strategic move is driven by a surge in the company's first-half profits, attributed to a rally in commodity prices. Long-term, this listing could enhance Glencore's market presence and attract significant capital from Australian investors.
4 sourcesAug 8
- Business· World
EBay completes Depop acquisition amid rising secondhand market revenue
EBay has reported an increase in revenue to $3.13 billion and finalized its acquisition of Depop. This acquisition, which cost $200 million more than initially expected, is driven by the rapid growth of the secondhand apparel market projected to reach $393 billion by 2030. As fashion brands adapt to this trend, eBay is positioned to capitalize on the anticipated growth in gross merchandise volume over the coming years.
3 sourcesAug 8
- Business· World
Siemens Reports Record Orders and Raises Profit Outlook Amid Surge in U.S. Data Center Demand
Siemens has announced record orders in its fiscal third quarter, primarily driven by increased demand for gas turbines, grid equipment, and AI-related solutions. This surge is attributed to the rising needs of U.S. data centers, which have significantly boosted Siemens' order book. Looking ahead, Siemens is well-positioned to capitalize on the ongoing demand in the energy sector and AI technologies, likely enhancing its growth trajectory in the global market.
4 sourcesAug 8
- Business· World
Block raises 2026 profit forecast following strong Q2 performance in Cash App
Block has raised its profit forecast for 2026 due to a strong second-quarter performance, particularly in its Cash App and financial solutions segments. This shift is driven by a 9% year-over-year revenue increase and a 31% rise in Cash App gross profit, despite a decline in Bitcoin-related profits. Looking ahead, Block's focus on expanding its core businesses may position it for sustained growth amid ongoing challenges in the cryptocurrency market.
5 sourcesAug 8
- Business· World
TikTok lays off 250 employees and closes Nashville office
TikTok has announced the layoff of 250 employees and the closure of its Nashville office, which was part of its content moderation team. This decision is part of a broader restructuring effort as the company adapts to changing market conditions and regulatory scrutiny in the U.S. The long-term implication may involve further operational changes and potential layoffs as TikTok seeks to streamline its U.S. operations amidst ongoing challenges.
3 sourcesAug 8
- Business· World
Novo Nordisk Faces Investor Confidence Crisis Amid Wegovy Sales Decline
Novo Nordisk's sales of its weight-loss drug Wegovy have fallen short of expectations, resulting in a significant drop in stock value. This downturn is attributed to disappointing sales figures and setbacks in clinical trials, prompting CEO Mike Doustdar to seek ways to reassure investors. Looking ahead, the company's focus on innovation and market expansion will be crucial for regaining investor confidence and stabilizing its stock performance.
5 sourcesAug 8
- Business· World
JPMorgan Faces Investigation Over Whistleblower Fraud Claims
Prosecutors are currently investigating claims that JPMorgan mishandled fraud cases based on whistleblower allegations. This scrutiny has emerged at a time when regulatory oversight of financial institutions is intensifying. The long-term implication may involve increased regulatory scrutiny and potential reforms across the banking sector to enhance compliance and governance standards.
3 sourcesAug 8
- Economy· World
Oil prices decline sharply amid geopolitical tensions
Oil futures experienced a significant decline this week, with Brent crude down 5% and WTI down 7.7%. This drop is primarily driven by ongoing geopolitical developments that are affecting market sentiment and demand. In the long term, traders are likely to closely monitor OPEC's potential responses and economic data releases that could further influence oil prices.
3 sourcesAug 8
- Business· World
Western Digital's Stock Plummets Despite Strong Earnings Report
Western Digital Corp reported a 44% year-over-year revenue increase to $3.75 billion, exceeding Wall Street estimates. The stock fell over 10% following guidance that disappointed investors, despite the strong earnings results. This reaction highlights the volatility in the tech sector, where future projections significantly impact market sentiment.
3 sourcesAug 8
- Business· World
Situational Awareness hedge fund invests $400 million in Source Foundry to revive AI chip manufacturing efforts
Situational Awareness hedge fund has made a $400 million investment in Source Foundry, a startup focused on innovative chip manufacturing. This investment follows the hedge fund's near-collapse due to a downturn in AI stocks, signaling a strategic pivot towards recovery. The long-term implication suggests a renewed focus on advanced AI technologies and potential stabilization in the hedge fund's performance.
5 sourcesAug 8
- Business· UAE
ADNOC Distribution reports record net profit of $568 million in H1 2026
ADNOC Distribution has announced a record net profit of $568 million for the first half of 2026, reflecting a 59% year-on-year increase. This surge in profitability is attributed to heightened fuel demand, operational efficiencies, and an expanded retail network across the UAE, Saudi Arabia, and Egypt. Looking ahead, the company is poised for further growth as it pursues international expansion, including a proposed acquisition of Shell's downstream business in South Africa.
4 sourcesAug 8
- Economy· World
U.S. and Japan Coordinate to Stabilize Japanese Yen Amid Global Financial Concerns
The U.S. has intervened to support the Japanese yen, resulting in a 3.5% increase against the dollar. This action is prompted by the need to prevent broader economic repercussions from a weakening yen and to maintain investor confidence. Long-term, this intervention may influence future U.S. monetary policy and international economic relations.
4 sourcesAug 8
- Business· World
Next PLC Upgrades Profit Guidance for Third Time This Fiscal Year
Next PLC has raised its profit outlook following a surge in sales during the second quarter. This increase is attributed to a notably warm summer and pent-up consumer demand. The long-term implication suggests that Next is well-positioned for continued growth amidst economic pressures in the retail sector.
4 sourcesAug 8
- Economy· World
Mexico deploys troops to secure avocado production amid US inspection halt
Mexico has deployed over 1,500 troops to secure its avocado-producing state of Michoacan following the US's suspension of export inspections due to security concerns. The immediate trigger for this military intervention was the US's halt of inspections, which disrupted avocado imports from the region. Long-term implications include potential shifts in avocado trade dynamics between Mexico and the US, affecting both producers and consumers.
3 sourcesAug 8
- Economy· World
US Supreme Court mandates $100 billion refund of illegal tariffs from Trump administration
The US government has initiated a refund of $100 billion in tariffs following a Supreme Court ruling that deemed these levies illegal. This significant financial decision comes after the court struck down many of Trump's tariffs earlier this year. The ruling is likely to influence future trade policies and tariff implementations, reshaping the landscape of international trade relations.
3 sourcesAug 8