Finance

  • HubSpot Spikes 20% Over Its IPO Price In Strong Debut

    HubSpot Spikes 20% Over Its IPO Price In Strong Debut

    HubSpot is having a hell of day. After raising its IPO price range, the company pulled the trigger above that level, selling its shares for $25 each. That’s a far cry from the original low-end of its first proposed price range of $19. The markets welcomed the company’s offering, pushing its shares up more than 20 percent at the time of writing. Yahoo Finance lists… Read More

  • Activist Investor Carl Icahn Asks Apple To Speed Up Share Repurchase Program

    Activist Investor Carl Icahn Asks Apple To Speed Up Share Repurchase Program

    Apple CEO Tim Cook received another letter from activist investor Carl Icahn today, which marks the second time the shareholder has lobbied Apple to step up its repurchase program. The letter details the request at length, commending Apple on its recent iPhone 6 launch and Cook on his leadership, but asks Apple to “meaningfully accelerate and increase the magnitude of share… Read More

  • Micro-Investment Platform Acorns Lands On Android

    Micro-Investment Platform Acorns Lands On Android

    Acorns, the micro-investment platform that lets users save for their future, has today launched on Android. Acorns simply connects into your credit and debit cards and invests the change from each purchase (rounding up to the next dollar) into an investment portfolio. You can choose between five different risk options, from aggressive to conservative, and watch how your investments are… Read More

  • Plastc Launches A Coin Competitor As The Smart Card Market Heats Up

    Plastc Launches A Coin Competitor As The Smart Card Market Heats Up

    Two serial entrepreneurs have launched Plastc, a competitor to the digital smart card Coin, as the market for new payment technologies gets increasingly crowded. The two companies are vying for market share just as the Apple Pay release casts a huge shadow over the entire payments industry. But can one consumer technology company really change user behavior so drastically and so completely on… Read More

  • Blockchain Goes From Bootstrapping To Scoring $30 Million

    Blockchain Goes From Bootstrapping To Scoring $30 Million

    Here comes another mega funding round in the bitcoin space. The world’s largest bitcoin wallet provider, Blockchain, has been a bootstrapped startup so far. But the startup eventually accepted VC money, raising a little bit over $30 million from Lightspeed Venture Partners, Wicklow Capital and others. Read More

  • What Is Happening To Bitcoin Right Now?

    What Is Happening To Bitcoin Right Now?

    We’re back, baby! Almost! After a precipitous drop to below $300 over the weekend, the price of Bitcoin is slowly inching up this afternoon after an interesting 31,000 BTC sell-off that blew up the market early this morning. The “wall,” which appears to have been instigated by a single Bitcoin owner or a group which they’re calling the “Bitcoin Whale,”… Read More

  • Watch What Happens When Someone Dumps Tens Of Thousands Of Bitcoin At Below-Market Rates

    Watch What Happens When Someone Dumps Tens Of Thousands Of Bitcoin At Below-Market Rates

    Recently, an individual or group put an estimated 30,000 bitcoin onto the market at a price of $300 per coin. It isn’t clear who was behind the sale, or what their motives were, but the sale meant millions of dollars in revenue for whomever pulled the trigger. Given the number of coins that were made available at the $300 mark, then below the market price, it took quite some time for… Read More

  • Bitcoin Falls Under $300

    Bitcoin Falls Under $300

    $300, it’s the new $400. Yesterday’s selloff managed to push the price of bitcoin below the $300 mark this morning, around two weeks after the cryptocurrency fell below its prior $400 floor. Here’s a screenshot from BitcoinAverage from earlier today: A chart of the decline: (In the ensuing bit, bitcoin has managed to re-crest the $300 level, a price range that it has… Read More

  • Investors Stay Silent After Wonga Fiasco

    Investors Stay Silent After Wonga Fiasco

    TechCrunch asked Wonga’s investors to comment on whether they thought the payday loan company had acted responsibly — given the scale of the failures identified by the FCA, and the evident inadequacy of its technology platform. Read More

  • Wonga Writes Off 330,000 Debts To People It Should Never Have Lent Money To

    Wonga Writes Off 330,000 Debts To People It Should Never Have Lent Money To

    Payday loans startup Wonga has agreed to entirely write off the debts of 330,000 customers after the UK regulator found its affordability checks were inadequate. Read More

  • YC’s Altman Thinks Reddit’s Community Ownership Experiment Could Be A Model

    YC’s Altman Thinks Reddit’s Community Ownership Experiment Could Be A Model

    The thought of using crypto-currencies to back shares of a company first crossed Y Combinator head Sam Altman’s mind about two years ago. “It was an idle thought that popped into my head,” he said. “It was not until Reddit reached out to me about fundraising that I thought about it again.” So when he decided to lead Reddit’s $50 million Series B… Read More