Finance

  • Box’s Levie touts positive cash flow

    Box’s Levie touts positive cash flow

    Cloud content management company Box posted fourth-quarter earnings after the bell on Wednesday with shares quickly plummeting in initial after-hours trading. They mostly recovered, trading down just 1 percent by late afternoon. Box beat investor expectations with an adjusted loss of 10 cents per share versus the negative 14 cents forecast. Revenue for the quarter was also a beat at… Read More

  • Could Snapchat lead to more tech IPOs?

    Could Snapchat lead to more tech IPOs?

    When Snap prices its IPO after the closing bell today, it will be the first tech company to go public this year. It will also be the largest tech company to go public in the U.S. since Alibaba debuted in 2014. Because of the dearth of recent tech offerings, all eyes will be on the Snapchat parent to see what it means for the “IPO window.” The performance of large tech offerings… Read More

  • Udacity buys CloudLabs in its first-ever acquisition to enable collaborative programming

    Udacity buys CloudLabs in its first-ever acquisition to enable collaborative programming

    In the market for online education, Udacity remains focused on teaching its students about software development, data science and machine learning. To this avail, Udacity brought out its M&A team for the first time to strategically acquire CloudLabs, a small shop building interactive coding environments that let groups collaboratively code from within their browsers. Read More

  • Baidu Ventures partners with Comet Labs as both double down on artificial intelligence

    Baidu Ventures partners with Comet Labs as both double down on artificial intelligence

    Baidu Ventures exists on the front-lines of the Chinese search giant‘s push to brand itself as an artificial intelligence company. In an effort to bridge the AI ecosystems of China and the United States, Baidu Ventures is partnering with Comet Labs, a San Francisco-based fund specializing in machine intelligence. Unlike other venture capital firms looking to diversify into AI, Comet… Read More

  • Class Action lawsuit alleges PayPal diverts charitable donations from intended recipients, misleads consumers

    Class Action lawsuit alleges PayPal diverts charitable donations from intended recipients, misleads consumers

    PayPal was targeted with a class action lawsuit filed on Tuesday in Chicago which focuses on the way the payments company handles charitable donations. The suit alleges the company’s charitable arm, the PayPal Giving Fund, is misleading consumers who believe they are giving directly to the charities listed on the company’s homepage, but whose funds are sometimes being redirected… Read More

  • Nearly one year after launch, Apple Pay finds limited traction in China

    Nearly one year after launch, Apple Pay finds limited traction in China

    Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. After a slow start, Apple Pay is now dominating its home country, the United States, but the same can’t be said of China where it is up against a different set of challenges. Data from Boston Retail Partners shows that Apple Pay is now accepted by 36 percent of merchants in… Read More

  • WorkJam raises $12 million to communicate with hourly workers

    WorkJam raises $12 million to communicate with hourly workers

    There is plenty of enterprise software for the white-collar workforce, but there still isn’t an ideal way to communicate with employees who aren’t sitting at a desk. That’s the thesis behind WorkJam, which is announcing $12 million in funding from Lerer Hippeau Ventures, Blumberg Capital, Founder Collective and NovelTMT. Read More

  • Simple’s new kind of shared bank account targets unmarried partners, roommates & more

    Simple’s new kind of shared bank account targets unmarried partners, roommates & more

    Online banking service Simple today is launching a new type of banking product aimed at a younger generation of customers who want to be able to collaborate on finances with others, but aren’t in the market for traditional joint checking accounts, like those typically used by married spouses. The company’s new Shared bank accounts let customers control their own accounts from a… Read More

  • Cash is no longer king Crunch Network

    Cash is no longer king

    The idea of a cashless society is one of the topics that stirs up a heated debate when it comes to the digitalization of banking and society. While the anonymity of cash acts as an enabler for the illegal economy, many fear that the lack of said anonymity will inevitably lead to an Orwellian society where individual freedom is limited. Read More

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