Finance

  • Twitter Collapses 18% In Wake Of Lackluster Q1 Revenue, User Growth

    Twitter Collapses 18% In Wake Of Lackluster Q1 Revenue, User Growth

    In a bizarre leak, Twitter’s first quarter earnings made it onto the Internet — read: Twitter — before the cessation of regular trading, sending the company’s shares sharply lower. Trading was halted for a period. The company reported revenue of $436 million, an increase of 74 percent on a year-over-year basis. That number missed the company’s own guidance, as well… Read More

  • Let’s Impair That Goodwill

    Let’s Impair That Goodwill

    Caveat Ballmer, or something. Microsoft made waves recently by disclosing in its quarterly 10-Q document that its Phone business, which generates billions in yearly revenue, isn’t performing as well as it expected. As Microsoft is carrying billions of dollars of goodwill related to the Nokia purchase on its books, the warning landed like a brick in a puddle of lukewarm slop. Read More

  • Apple Now Has $194 Billion In Cash

    Apple Now Has $194 Billion In Cash

    Apple, the word’s most valuable corporation, has a new cash tally: $194 billion. That’s to say that if you add up its cash, cash equivalents, short-term marketable securities, and long-term marketable securities, it totals $194 billion. Cash is a loose term that is usually employed at the corporate scale to include accreted value that remains functionally liquid. Read More

  • Apple Beats In Q2 2015 With $58B Revenue, $13.6B Profit And $2.33 EPS

    Apple Beats In Q2 2015 With $58B Revenue, $13.6B Profit And $2.33 EPS

    Apple has just released its fiscal Q2 2015 earnings, reporting $58 billion in revenue, $13.6 billion in net profit representing $2.33 per share. Compared to the year-ago quarter, it corresponds to a growth of 27.2 percent in revenue, and an impressive 40.4 percent jump in EPS (adjusted for the 7-for-1 split). Expectations were pretty high following Apple’s blockbuster quarter three… Read More

  • Bitcoin’s Q1: Record VC Investment, Falling Prices, And Slow Consumer Adoption

    Bitcoin’s Q1: Record VC Investment, Falling Prices, And Slow Consumer Adoption

    The bitcoin-watching news service CoinDesk recently released its first quarter look into the cryptocurrency’s performance during the opening months of 2015. Mostly the data is net positive, showing an increase in total wallets, and investment. However, there are a number of included data points that demonstrate slowing growth in key bitcoin, and bitcoin-related areas. The collected… Read More

  • CrunchWeek: Zenefits Loves Cash, Everyone’s Watching Apple, And Amazon’s Epic Quarterly Report

    Another week has left us in a miasma of earnings, product releases, and something called the Apple Watch. As such, it’s the perfect time to sit around our little round table we keep in the back of TechCrunch, and kick over the most important stories of the week: Amazon’s massively popular quarter, Zenefits’ massive capital raise, and, yes, the Apple Watch. This time… Read More

  • Microsoft And Google Battle Once Again For Title Of Second Most Valuable Tech Company

    Microsoft And Google Battle Once Again For Title Of Second Most Valuable Tech Company

    They’re back at it. After reporting earnings yesterday, Google and Microsoft are once again locked in their long-running battle for second. Apple, the most valuable technology company, is also the most valuable company in the world, with Google and Microsoft rounding off the top three. Google, up 3.56 percent as of the time of writing, is currently worth $385.59 billion. Microsoft, up… Read More

  • With Lydia, Pay For Your Online Purchases Using Your Apple Watch

    With Lydia, Pay For Your Online Purchases Using Your Apple Watch

    Step by step, Lydia is unveiling its product strategy to handle all your payments. When I last covered the French startup, it was still mostly focused on growing its user base by providing a Venmo alternative for French users. But now, Lydia also lets you pay on e-commerce websites, starting with PriceMinister. The app is now also available on the Apple Watch so that you can just tap on your… Read More

  • IVP Raises $1.4B For Its 15th Fund

    IVP Raises $1.4B For Its 15th Fund

    Institutional Venture Partners, better known as IVP, has raised a $1.4 billion 15th fund. The company’s last fund was a smaller $1 billion capital pool. I spoke to the firm’s Steve Harrick, a general partner, about the fund size, cadence, and investment strategy. According to Harrick, the fund was raised in a two month period. That matches other notes I’ve received from… Read More

  • Cheddar Up Makes It Easier To Collect Money From Groups

    Cheddar Up Makes It Easier To Collect Money From Groups

    Despite the shift away from paying with cash or check in favor of digital transactions in recent years, many smaller organizations, and even schools, still rely on old-school methods when it comes to collecting money from groups. Though it’s a hassle for both the organizer and the payer in the long run, checks are often easier than pointing users to online tools like PayPal or setting… Read More

  • P2P Lending Site Funding Circle Raises $150M Led By DST At A $1B+ Valuation

    P2P Lending Site Funding Circle Raises $150M Led By DST At A $1B+ Valuation

    Time to make way for another startup juggernaut out of the financial world. Funding Circle — a London-based peer-to-peer platform for small businesses to get loans, and investors to put up money to finance those loans — is today announcing that it has raised $150 million in venture funding, in a round that we have confirmed values the startup at over $1 billion. While… Read More

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