finance

  • Barry Diller takes shots at VCs, startup valuations

    Barry Diller takes shots at VCs, startup valuations

    Media mogul and IAC chairman Barry Diller had some choice words for venture capitalists when he took the stage at WSJ D.Live in Laguna Beach on Tuesday. “These valuations don’t bear reality,” said Diller, speaking about the high multiples that some startups are generating. “They’re truly made up.” Read More

  • Credit giant Experian leads $30M investment in India’s BankBazaar

    Credit giant Experian leads $30M investment in India’s BankBazaar

    Indian credit marketplace BankBazaar has pulled in $30 million in fresh funding led by Experian, the London-headquartered credit giant with a £14 billion ($18 billion) market cap. BankBazaar seems to have a penchant for big name backers. Amazon led its $60 million Series C funding in 2015 while Experian is the main investor behind this Series D raise. The company didn’t specific the… Read More

  • Netflix’s original content costs are ballooning

    Netflix’s original content costs are ballooning

    Netflix today once again showed that its subscriber growth is on a tear — especially its growth internationally — but a note in the report may indicate one of the biggest challenges the company faces going forward. Netflix took home 20 Emmy awards this year, and that’s thanks to its enormous investments in original content. Shows like “Stranger Things,”… Read More

  • Netflix crushes its own expectations for subscription growth again

    Netflix crushes its own expectations for subscription growth again

    Netflix is still on its rounded-up-to-pretty-great run as it continues to add more and more subscribers, and once again is outstripping its own estimates for growth. Today the company said it added 5.3 million new total subscribers, with 850,000 coming in the U.S. and 4.45 million coming from international markets. Netflix is spending very aggressively on original content, and so far it looks… Read More

  • 7 huge business storylines for this quarter’s earnings season

    7 huge business storylines for this quarter’s earnings season

    It’s that time of the year again: earnings season. It’s a finance nerd’s dream, but for the rest of the world, it’s important because some of the biggest technology companies in the world spill their guts to the public. We get to see who’s winning, who’s losing and what’s going wrong. So, on that note, here are a few big story lines we’re… Read More

  • Tesla has fired hundreds of employees after performance reviews

    Tesla has fired hundreds of employees after performance reviews

    Tesla fired hundreds of employees following what the company said is an annual performance review process, the company told TechCrunch. The news was first reported by The Mercury News. “Like all companies, Tesla conducts an annual performance review during which a manager and employee discuss the results that were achieved, as well as how those results were achieved, during the… Read More

  • Qualcomm fires another shot at Apple with a new lawsuit in China

    Qualcomm fires another shot at Apple with a new lawsuit in China

    Qualcomm has filed a lawsuit against Apple in its continuing legal battle over patents, this time looking to block the manufacturing and sale of iPhones in China, according to a report by Bloomberg this morning. It’s another shot at Apple as the companies continue to duel with Apple regarding payments for its technology. Apple filed a $1 billion lawsuit with Qualcomm in January and the… Read More

  • Build your own token sale with CoinLaunch’s CoinCreator

    Build your own token sale with CoinLaunch’s CoinCreator

    Building a token sale is at once quite simple and quite complex. A number of issues crop up immediately, including, but not limited to, the need for an expensive team of lawyers, marketers, social media experts and an expensive crew to build your smart contract. CoinLaunch, a project by repeat entrepreneur Reuven Cohen, aims to reduce the complexity of at least one part of the process. Read More

  • ROSS Intelligence lands $8.7M Series A to speed up legal research with AI

    ROSS Intelligence lands $8.7M Series A to speed up legal research with AI

    Armed with an understanding of machine learning, ROSS Intelligence is going after LexisNexis and Thomson Reuters for ownership of legal research. The startup is announcing an $8.7 million Series A today led by iNovia Capital with participation from Comcast Ventures Catalyst Fund, Y Combinator Continuity Fund, Real Ventures, Dentons’ NextLaw Labs and angels. Read More

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