Finance

  • eBay shares up 5% after beating earnings expectations

    eBay shares up 5% after beating earnings expectations

    eBay reported second quarter results after the bell on Wednesday and saw its stock rise over 5% in initial after-hours trading. The company beat expectations, posting earnings at an adjusted 43 cents per share, when analysts were forecasting 42 cents. The company also brought in $2.23 billion in revenue, compared to the $2.17 billion expected by Wall Street. Investors were also pleased to see… Read More

  • Trim personal finance bot raises $2.2 million to save you money

    Trim personal finance bot raises $2.2 million to save you money

    Ever wonder how much you spend each month on Uber? The newly released Trim chatbot will tell you in a text. Trim also helps you manage subscriptions, set up spending alerts and check your bank balance. But there is no app, only a bot that can be linked to SMS or Facebook. “Anything that you can do on your mobile banking app, you can do with trim with the exception of moving… Read More

  • Unilever buys Dollar Shave Club for reported $1B value

    Unilever buys Dollar Shave Club for reported $1B value

    Unilever creates and captures a unicorn with its plans to acquire Dollar Shave Club. Announced this evening, the $130 billion dollar multinational consumer goods company is speculated to be paying $1 billion, all cash, for the startup, according to reports from Fortune. If the pricing is true, the transaction will be one of the largest ever in e-commerce. E-commerce is often a scary space… Read More

  • After 3 weeks, Worldpay still fumbling millions of Etsy transactions

    After 3 weeks, Worldpay still fumbling millions of Etsy transactions

    Etsy users had another bad week as payment processor Worldpay continues to cause problems. Late last week, some Etsy users began reporting that they had experienced duplicate charges. The forum on Etsy for duplicate charges is approaching one thousand posts. In a statement, Worldpay admitted to causing the duplicate charges for Etsy users in its attempts to rectify the… Read More

  • Student loan platform CommonBond raises $300M and $30M in equity, buys Gradible

    Student loan platform CommonBond raises $300M and $30M in equity, buys Gradible

    Some online loan platforms have taken a hit of late, but not all of them are struggling: today, CommonBond, a platform that specialises in loans and refinancing for students, is announcing that it has raised $300 million in debt to loan out to prospective borrowers; and a further $30 million in a Series C equity round to continue building out its platform. On top of this, the company has… Read More

  • Decacorns continue to get funding while the rest of the startup investing declines

    Decacorns continue to get funding while the rest of the startup investing declines

    If you look at the investment dollars for the last quarter, you might be surprised to see an uptick in deal volume. For all the gripes about sky-high valuations and bubble fears, it seems strange to see more money thrown at startups. It turns out that it’s mainly the businesses that have already raised a lot of capital that continued to attract even more. While there was an increase… Read More

  • Netflix falls 15% after missing subscriber expectations

    Netflix falls 15% after missing subscriber expectations

    Netflix reported earnings after the bell on Monday, seeing its shares quickly tumble 15 percent in after-hours trading after missing the mark on subscriber growth. In the second quarter of the year, the digital entertainment company added just 1.7 million members, beneath the company’s own forecast of 2.5 million new customers. This is also significantly below the 3.3 million members… Read More

  • Baidu invests in ZestFinance to develop search-powered credit scoring for China

    Baidu invests in ZestFinance to develop search-powered credit scoring for China

    Baidu has made its second investment in a U.S. fintech company inside a month after it put an undisclosed sum of money into ZestFinance, a big data firm specializing in credit scoring. Baidu, which operates China’s dominant search platform, took part in a $60 million round for payments firm Circle in June. Read More

  • A Vice President Pence would be bad for building US culture of innovation

    A Vice President Pence would be bad for building US culture of innovation

    With a tweet from The Donald himself, it’s official that Governor Mike Pence of Indiana will be Donald Trump’s running mate. But Gov. Pence’s record in the tech industry has been clumsy at best. Perhaps knowing he needed to step up his tech efforts, the Governor has been loudly parading his “new” innovation and entrepreneurship plans for the state of Indiana in… Read More