finance

  • Teenage bitcoin millionaire is back with a better Botangle

    Teenage bitcoin millionaire is back with a better Botangle

    Erik Finman gained notoriety and a certain fame as a 14-year-old entrepreneur and bitcoin investor who’d managed to turn a $1,000 investment in the cryptocurrency into more than a million dollars and a chance to never see the inside of a college institution. Now, several years after its sale, Finman is buying back his original startup: Botangle. Read More

  • Andrew Ng is raising a $150M AI Fund

    Andrew Ng is raising a $150M AI Fund

    We knew that Andrew Ng had more than just a series of deep learning courses up his sleeve when he announced the first phase of his deeplearning.ai last week. It’s clear now that the turn of Ng’s three part act is a $150 million venture capital fund, first noted by PEHub, targeting AI investments. Ng, who formerly founded Google’s Brain Team and served as chief scientist at… Read More

  • Blue Apron is having a really bad day

    Blue Apron is having a really bad day

    Things are not going so well for Blue Apron this morning after reporting its second-quarter earnings (its first earnings report ever), and the stock is crashing as a result of it. The company’s stock is down more than 14 percent on the earnings report, which came in pretty mixed compared to what Wall Street wanted. Read More

  • Blue Apron sees some signs of life as it pulls back its marketing engine

    Blue Apron sees some signs of life as it pulls back its marketing engine

    Amid the ever-present specter of Amazon, Blue Apron reported its second-quarter earnings today — where it showed a mixed performance for Wall Street, but also some small much-needed improvements in certain metrics. The biggest drag on the company was that it said it was paring back its marketing expenses between the first and second quarter, resulting in a 9% decrease in total customers… Read More

  • Snap’s earnings this week will once again test its place in the advertising universe

    Snap’s earnings this week will once again test its place in the advertising universe

    Snap will report its second earnings report this week, which will once again look to answer the question: is there room on the advertising spectrum for Snap? The answer during its last earnings report (its first as a public company) was a resounding to be determined. The company’s stock has been hammered in the past several months falling well below its IPO price, which is not great… Read More

  • How Apple could become a $1 trillion company

    How Apple could become a $1 trillion company

    Apple reported its earnings this week, and with a surprisingly positive report the shares spiked again as Apple signaled a potential huge iPhone release. With that jump, Apple’s market cap is now over $800 billion. This year alone, shares of Apple are up almost 35%. If Apple’s promise plays out — or exceeds — what Wall Street hopes for the September quarter, we may soon… Read More

  • Bitcoin breaks $3,000 to reach new all-time high

    Bitcoin breaks $3,000 to reach new all-time high

    Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency. A number of exchanges, including popular destinations Coinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high that is up $485 on the valuation one month ago. Earlier this year, Bitcoin surged to surpass $2,000 for… Read More

  • Longtime enterprise exec Quentin Clark joins Dropbox as SVP of Engineering, Product and Design

    Longtime enterprise exec Quentin Clark joins Dropbox as SVP of Engineering, Product and Design

    As Dropbox slowly gears up toward its initial public offering, it’s bringing on a longtime enterprise executive — Quentin Clark, a former VP of Microsoft as well as SAP CTO — as head of its very-long-title-where-he-will-oversee-a-ton-of-things. Read More

  • Yelp is selling Eat24 to GrubHub for $287.5M and the stock is skyrocketing

    Yelp is selling Eat24 to GrubHub for $287.5M and the stock is skyrocketing

    Two huge pieces of news today from Yelp, the company that shows up first in your Google search for a restaurant: first, GrubHub is acquiring food delivery service Eat24 from the company in a big partnership for $287.5 million; second, the company reported its second-quarter earnings… and they look pretty good. Read More

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