Finance

 

  • Startups And The Un-Banking Of America

    Startups And The Un-Banking Of America

    Historically, when looking for opportunity in the financial industry where technology can have the greatest impact — for investors and entrepreneurs — the best place to start has been with one of our oldest institutions: banks. However, while critical to our economy, banks are generally inefficient, have high fixed costs and don’t exactly elicit happy thoughts from the… Read More

  • VCs Don’t Think We’re In A Tech Bubble — Yet

    VCs Don’t Think We’re In A Tech Bubble — Yet

    Andreessen Horowitz managing partner Scott Kupor argued that there doesn’t seem to be a bubble in tech at the PreMoney 2014 conference in San Francisco this morning. In a presentation that lasted a bit over ten minutes, Kupor laid out a series of trends that indicate things aren’t quite as exuberant as some fear. Read More

  • GoPro’s 14.6% Day 2 Rise Puts It Up 50% From Its IPO Price

    GoPro’s 14.6% Day 2 Rise Puts It Up 50% From Its IPO Price

    GoPro spiked from its offering price of $24 to $31.34 yesterday in its first day of trading. Today the company built on that success, adding nearly $5 more to its share price, ending the day at $35.92, up 14.60 percent during regular trading. All told, GoPro is now up a total of 49.67 percent from its IPO price, making it more than a successful IPO. Its rapid ascent will surely be read by… Read More

  • Why Twitter Spiked 5% Today

    Why Twitter Spiked 5% Today

    Shares of technology stocks were mostly flat to middling today, with the rocketing GoPro IPO standing out. Twitter, however, a company still down heavily from its earlier post-IPO highs, advanced 5 percent. Why? Positive external forecasts. Evercore Group indicated that it thinks Twitter’s domestic user growth could best its first quarter tally, reassuring skittish investors worried that… Read More

  • GoPro Stock Spikes More Than 30% On Its Debut

    GoPro Stock Spikes More Than 30% On Its Debut

    This morning GoPro went public, spiking sharply in early trading. Priced at the upper end of its range, $24 per share, GoPro quickly traded higher, reaching nearly $33 per share, according to a Google Finance chart. As of writing, the company is trading for $31.07, up around 29% since its open. Read More

  • Broadcast Stocks Trade Higher In Wake Of Aereo Ruling

    Broadcast Stocks Trade Higher In Wake Of Aereo Ruling

    This morning the United States Supreme Court ruled against Aereo, a startup that employed myriad, tiny antennas to bring broadcast television to consumers digitally, saying that it operates in violation of the Copyright Act. The startup, which previously stated that it had no ‘Plan B’ in the case of loss, is troubled. Broadcast stocks, however, are anything but. CBS is up more than… Read More

  • ReadyForZero Hooks Up With Banks To Help Users Wipe Out Credit Card Debt

    ReadyForZero Hooks Up With Banks To Help Users Wipe Out Credit Card Debt

    In a minute, some product news. But first, a confession: Count me as part of the 50 percent of Americans with outstanding credit card debt. Then about two years ago someone introduced me to ReadyForZero, which is a site for helping consumers pay down their debt. That started with credit cards, but has gradually expanded to other forms of debt, including student loans and mortgages. And… Read More

  • YC-Backed ClearTax Tackles India’s Fast Growing Online Tax Filing Market

    YC-Backed ClearTax Tackles India’s Fast Growing Online Tax Filing Market

    ClearTax is not the typical Y Combinator launch. Founded in 2011 and based in Delhi, the startup already has a strong presence in India, where it automates the income tax filing process for workers. Last year, over 300,000 people used ClearTax to file their taxes. Furthermore, the company is also the first one focused specifically on the Indian market to join Y Combinator (though the program… Read More

  • Box Said To Move Forward With Its Debut As The Tech IPO Market Perks Up

    Box Said To Move Forward With Its Debut As The Tech IPO Market Perks Up

    Box, a cloud storage and file management company, could be moving its IPO forward once again. Box famously filed, and then didn’t hit go on, its offering in the time frame that the market initially expected. A deterioration in market sentiment and the share price decline of a number of growth technology stocks led to a general slowdown in the IPO pipeline. Read More

  • SolarCity Ends The Day Up 17.58% After It Purchases Silevo, Announces Manufacturing Plans

    SolarCity Ends The Day Up 17.58% After It Purchases Silevo, Announces Manufacturing Plans

    Shares of SolarCity jumped 17.58 percent in regular trading today, as investors applauded its decision to purchase solar-panel manufacturer Silevo, which had plans to build a factory in New York. SolarCity intends to build the plant and scale it to “capacity greater than 1 GW within the next two years.” Read More