# Daily Fintech News — October 31, 2026 > Daily brief on markets, macro, banking, chips and AI infrastructure. Published October 31, 2026 at 7:00 PM ET by Daily Fintech News. Canonical HTML: https://dailyfintechnews.com/brief/fintech/2026-10-31 **Entities covered:** SoftBank Group, Initial public offering, Alphabet Inc., Amazon, Meta Platforms --- ## 1. SoftBank-Backed OPay Halts NYSE IPO to Respond to Regulatory Inquiry *Section: IPO · Source: Bloomberg* OPay, a Nigeria-focused payments platform backed by SoftBank, halted the New York Stock Exchange IPO that was due to begin trading Friday, citing a regulatory inquiry. The fintech said the inquiry relates to a jurisdiction immaterial to its core operations and that it expects the matter to be resolved satisfactorily soon. Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-31#item-1 ## 2. Alphabet, Amazon and Meta Report Negative Free Cash Flow After Heavy AI Investment *Section: Markets · Source: Bloomberg* After two weeks of Big Tech earnings, fears over heavy AI spending have deepened: Alphabet, Amazon and Meta all reported negative free cash flow following record capital investment, darkening Wall Street's outlook even for companies that normally generate steady cash. Permalink: https://dailyfintechnews.com/brief/fintech/2026-10-31#item-2 --- ## Questions this brief answers **What did SoftBank Group announce on October 31, 2026?** OPay, a Nigeria-focused payments platform backed by SoftBank, halted the New York Stock Exchange IPO that was due to begin trading Friday, citing a regulatory inquiry. The fintech said the inquiry relates to a jurisdiction immaterial to its core operations and that it expects the matter to be resolved satisfactorily soon. **What did Alphabet Inc. report for the quarter?** After two weeks of Big Tech earnings, fears over heavy AI spending have deepened: Alphabet, Amazon and Meta all reported negative free cash flow following record capital investment, darkening Wall Street's outlook even for companies that normally generate steady cash. --- ## More from Daily Fintech News - Previous brief: [October 30, 2026 — Big Tech Selloff Deepens as AI-Spending Fears Grip Wall Street](https://dailyfintechnews.com/brief/fintech/2026-10-30) - Next brief: [November 1, 2026 — AI Investors Are Racing to Get Insurance on the Biggest Market Bet in History](https://dailyfintechnews.com/brief/fintech/2026-11-01) - Also covers Alphabet Inc., Amazon, Initial public offering: [September 8, 2026 — Palantir names Nebius its preferred sovereign AI infrastructure partner](https://dailyfintechnews.com/brief/fintech/2026-09-08) - Also covers Alphabet Inc., Amazon, Initial public offering: [September 15, 2026 — Clarity Act Crypto Bill Fails to Advance in Senate; Coinbase, Circle Slide](https://dailyfintechnews.com/brief/fintech/2026-09-15) - Also covers Alphabet Inc., Amazon, Initial public offering: [September 17, 2026 — Trump Weighs Resuming Large-Scale Military Operations Against Iran](https://dailyfintechnews.com/brief/fintech/2026-09-17) - [All briefs](https://dailyfintechnews.com/brief/fintech) *Source: Daily Fintech News (https://dailyfintechnews.com). Attribution with a link to the brief URL is appreciated when quoted.*