Finance

  • Apple shares up 3% after company beats earnings expectations

    Apple shares up 3% after company beats earnings expectations

    Apple’s latest quarter surpassed earnings expectations, sending the stock up about 3% in initial after-hours trading. Its fiscal first quarter of 2017 saw record earnings of $3.36 per share, well above the $3.21 forecast by Wall Street. Revenue also beat, coming in at $78.4 billion, versus the $77.3 analysts were predicting. Investors were pleased that the company sold 78.3 million… Read More

  • Qvivr raises $5M to move beyond its all-in-one credit card

    Qvivr raises $5M to move beyond its all-in-one credit card

    Qvivr, a Silicon Valley-based FinTech startup originally known for building the SWYP programmable credit card, has raised $5M in Series A funding. The funding was led by Khosla Ventures, with participation from a large multinational Asian bank. The startup was founded in 2014 and originally launched with a pre-order campaign for a hardware product that would let users program all of their… Read More

  • CB Insights: 3,358 tech exits in 2016, ‘unicorn births’ down 68%

    CB Insights: 3,358 tech exits in 2016, ‘unicorn births’ down 68%

    We’ve kicked off 2017 with a surprise acquisition of what was planned to be the first big IPO of the year — Cisco snapping up AppDynamics for $3.7 billion, just days before its public listing — and what many believe will be an IPO filing for Snapchat’s parent Snap. But in contrast, it appears that 2016 represented a shift less frothy times. CB Insights has published… Read More

  • Apple revenue could grow again thanks to the iPhone 7

    Apple revenue could grow again thanks to the iPhone 7

    Apple will report its holiday quarter earnings tomorrow. Once again, all eyes will be on the iPhone. The device now represents the vast majority of the company’s revenue. So anything that can affect iPhone sales is a big deal. And if you’ve been paying attention to Apple’s past earnings, you know that Apple has had a complicated year. In short, revenue has been down for… Read More

  • Snap to list on New York Stock Exchange

    Snap to list on New York Stock Exchange

    Snap, the parent of Snapchat, will be listing on the New York Stock Exchange, TechCrunch has confirmed. The news was first reported by the Wall Street Journal. This means that you can expect to see a big Snapchat banner on Wall Street and that executives will probably be ringing the opening bell when the company debuts, likely in March. The move sends the message that Snap wants its IPO… Read More

  • Square encourages Apple Pay payments with processing credit

    Square encourages Apple Pay payments with processing credit

    Square partnered with Apple for a promotion when customers use Apple Pay. Starting today, Square merchants won’t pay any processing fee for the first $12,000 in Apple Pay transactions — that represents around $350 in fees. In addition to this promotion, sellers can also get a free marketing kit (with Apple Pay stickers probably) and training materials to tell employees how Apple… Read More

  • Fitbit to cut 6 percent of its staff following a disappointing Q4

    Fitbit to cut 6 percent of its staff following a disappointing Q4

    As anticipated, wearable leader Fitbit kicked off the week by announcing a 6 percent reduction in global work force, following disappointing fourth quarter financials. The company will go into greater detail on today’s earnings call, but a preliminary statement issued this morning details the loss of 110 jobs, as part of a “reorganization of its business” designed to… Read More

  • PayPal continues to see strong revenue growth

    PayPal continues to see strong revenue growth

    PayPal reported fourth quarter earnings after the bell on Thursday, and they were just what investors were expecting. The stock was flat in initial after-hours trading. Revenue came in at $2.98 billion, which is on par with analyst estimates and a 17% increase from last year. Adjusted earnings per share was 42 cents, which is also what Wall Street was forecasting. Total payment volume was… Read More

  • EBay meets investor expectations for holiday quarter

    EBay meets investor expectations for holiday quarter

    EBay reported its fourth quarter earnings for the bell. Investors were closely watching the holiday quarter to see if it met expectations, which it did. The stock rose 7% in initial after hours trading. Gross merchandise volume, a metric of that shows the total dollar value of all purchases on eBay’s platforms, came in at $22.3 billion, when analysts were expecting $22.4 billion. Read More

  • Why the $3.7 billion AppDynamics acquisition happened right before IPO

    Why the $3.7 billion AppDynamics acquisition happened right before IPO

    Applications management company AppDynamics was just wrapping up the final touches on its initial public offering when it learned that Cisco was interested in discussing a potential deal. Preliminary talks were abandoned in November, but the discussion just picked up again last week. The deal was announced today and the IPO was slated to price tomorrow. Although many companies seek… Read More

  • Spendesk grabs $2.2 million for its next-gen corporate cards

    Spendesk grabs $2.2 million for its next-gen corporate cards

    French startup Spendesk might be just a few months old, but the company is currently firing on all cylinders. Spendesk just raised $2.2 million (€2 million), rebranded itself, and is about to launch mobile apps and corporate plastic cards for everyone. The company started out as an eFounders startup, but it is now ready to fly on its own and work without the eFounders team. Investors in… Read More

  • Yext hires new president as it looks to IPO

    Yext hires new president as it looks to IPO

    Yext, the company that helps businesses make sure that their location data appears correctly in search results, is announcing that Jim Steele will be joining the company full-time as president and chief revenue officer. Steele was previously on the board at Yext and was most recently at InsideSales. “I found a new younger Marc Benioff and I’m really excited,” Steele says… Read More

  • Collibra nabs $50M led by ICONIQ to fix companies’ data governance

    Collibra nabs $50M led by ICONIQ to fix companies’ data governance

    Data governance and management startup Collibra — originally founded in Belgium but now based out of New York to help businesses in sectors like finance and healthcare to manage and comply with data retention policies — has raised $50 million in its latest round of funding. The company is not disclosing the valuation, but a $650 million figure is being publicly reported in at… Read More

  • Qonto wants to become N26 for business banking

    Qonto wants to become N26 for business banking

    French startup Qonto has some ambitious goals and wants to become the best bank account you can get when you start a company in France. Just like N26 wants to be a more modern bank for everyone, Qonto wants to do the same thing, but for business accounts. The company recently raised $1.7 million (€1.6 million) from Peter Thiel’s Valar Ventures and Alven Capital. Valar Ventures is also… Read More

  • Janet Yellen eats the world Crunch Network

    Janet Yellen eats the world

    In a world economy with slow growth and increased uncertainty, policymakers have had two sources for hope — the tech industry and low interest rates. Could it be these goals are at odds? Read More

  • What Facebook’s European payment license could mean for banks Crunch Network

    What Facebook’s European payment license could mean for banks

    Early in December, Facebook finally unveiled their newly acquired licenses for e-money and payment services out of Ireland. The rumors of Facebook entering the payment space in Europe have been going on ever since it was reported that Facebook applied for a money transfer license a while ago. Read More

  • Bitcoin booster Pantera Capital stays the course, targeting a new $25 million fund

    Bitcoin booster Pantera Capital stays the course, targeting a new $25 million fund

    The digital currency bitcoin began 2017 with a bang, soaring to its highest level in more than three years to reach $1,150 — a record high. Since then, its price has fallen more than 30 percent as nervous Chinese authorities put local bitcoin exchanges on notice that more regulations may be coming. To Dan Morehead — a former head of macro trading at Tiger Management who today runs… Read More

  • Eric Schmidt-backed HouseCanary raises $33 million

    Eric Schmidt-backed HouseCanary raises $33 million

    The total U.S. housing market is worth $30 trillion, but the data to value individual properties is still imprecise, according to HouseCanary. The real estate startup thinks it has better analysis and counts believers like Eric Schmidt and Kobe Bryant, who are participating in its $33 million funding round. “We’re probably 25 years behind the stock market in terms of… Read More

  • Kayrros is like a weather forecast, but for oil and gas consumption

    Kayrros is like a weather forecast, but for oil and gas consumption

    Last year, I was on vacation in Goa in India with my brother. We ended up renting a motor scooter and buying exactly two liters of gas in the middle of nowhere (pictured above). The shop gave us two plastic water bottles filled with gasoline. Ever since, I’ve wondered how a remote village in the middle of a rural area in India manages to get oil and gas. There are some interesting… Read More

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