1 unchanged sentence
We are exposed to market risks in the ordinary course of our business, which primarily relate to fluctuations in the value of our investments, interest rates, foreign exchange, and inflation.
−Removed: As of March 31, 2022, we had outstanding investments in marketable securities valued at $252.6 million.
+Added: As of June 30, 2022, we had outstanding investments in marketable securities valued at $99.2 million.
We have sold, and may continue to sell, some or all of our existing Investments.
These Investments are often in early- or growth-stage companies that have minimal public trading history;
−Removed: as such the fair value of these Investments may fluctuate depending on the financial outcome and prospects of the Investees, as well as global market conditions including recent and ongoing volatility related to the impacts of COVID-19 and the Russian invasion of Ukraine.
+Added: as such the fair value of these Investments may fluctuate depending on the financial outcome and prospects of the Investees, as well as global market conditions including recent and ongoing volatility related to the impacts of COVID-19, the Russian invasion of Ukraine, and rising interest rates.
Additionally, investing in early- or growth-stage companies carries inherent risks because, among other things, the technologies or products that are being developed by these companies are typically in the early phases and may never materialize or they may not achieve their growth or other business objectives, and they may experience a decline in financial condition, which could result in a loss of all or a substantial part of our investment in these companies.
1 unchanged sentence
We anticipate additional volatility to our condensed consolidated statements of operations due to changes in market prices, and as such gains and losses are realized.
−Removed: During the three months ended March 31, 2022, net unrealized losses of $51.9 million related to marketable securities were recorded in other income (expense), net on our condensed consolidated statements of operations.
+Added: During the six months ended June 30, 2022, net unrealized losses of $174.7 million related to marketable securities were recorded in other income (expense), net on our condensed consolidated statements of operations.
We do not currently anticipate entering into new Investment Agreements to purchase, or commit to purchase, securities of special purpose acquisition companies.
15 unchanged sentences
We do not believe that inflation has had a material effect on our business, results of operations, or financial condition.
+Added: If our costs were to become subject to significant inflationary pressures, we may not be able to fully offset such higher costs through price increases.
+Added: Our inability or failure to do so could harm our business, financial condition, or results of operations.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.