finance

  • Yelp beats earnings, revises outlook after Eat24 sale

    Yelp beats earnings, revises outlook after Eat24 sale

    Yelp, the platform which connects consumers and local businesses, posted third-quarter earnings after the bell on Wednesday. Yelp’s net revenue for the third quarter was $222.4 million, 19 percent growth for the same period last year. This compares to analyst estimates of $220.8 million, according to Yahoo Finance. Adjusted net income was $25.4 million, compared to $18.4 million… Read More

  • The future of Blockchain infrastructure, with Gavin Wood and Jutta Steiner at Disrupt Berlin

    The future of Blockchain infrastructure, with Gavin Wood and Jutta Steiner at Disrupt Berlin

    Since its invention a few years ago, the Blockchain has become the infrastructure layer that the Internet was crying out for. The promise of a decentralised world was made in the 90s. Some 27+ or so years later it might now be coming true. Bitcoin was first introduced in 2008, but the Ethereum protocol project has paved the way for a number of new applications and use-cases for the… Read More

  • Shippo quietly raised $20 million last spring

    Shippo quietly raised $20 million last spring

    Shippo, the business shipping platform, says it has raised a $20 million Series B, under the radar last spring. It was led by Bessemer Venture Partners, with participation from Union Square Ventures, SoftTech VC and others. The company chose not to announce it until now, which is something we’ve been seeing more with startups. Sometimes it’s for competitive reasons and… Read More

  • Apple’s spat with Qualcomm may reportedly escalate to the hardware level

    Apple’s spat with Qualcomm may reportedly escalate to the hardware level

    Apple and Qualcomm’s feud appears to be escalating further heading into the fourth quarter, as a new report by The Wall Street Journal this evening indicates Apple is designing iPhones and iPads that would not include Qualcomm’s components. Instead, Apple may opt to work with Intel and possibly MediaTek for its modem chips, according to the report. This would be another… Read More

  • Apple’s bid to become a $1 trillion company starts this week

    Apple’s bid to become a $1 trillion company starts this week

    While people spend more than $1,000 for the right to eventually get an iPhone X (as well as sell that right to eventually get an iPhone X for more than $1,500), we’re seeing Apple is doing a pretty good job of setting the stage as to whether it can make its case to Wall Street that it can be a $1 trillion company. We’ve noted before that quarterly financial reports from… Read More

  • Here’s a chart that shows why financial earnings are a big deal

    Here’s a chart that shows why financial earnings are a big deal

    So, we’re midway through earnings season, and as you’ve probably seen, we’ve covered a majority of the big companies that have reported thus far. There are plenty more that have reported, and there are still more to come, but these are the periods that generally have the most impact on the best public barometer of a company’s success: its stock price. Read More

  • A critical metric for Alphabet’s success is suddenly showing signs of life

    A critical metric for Alphabet’s success is suddenly showing signs of life

    Alphabet delivered a knockout quarter today, handily beating the estimates from Wall Street — but, perhaps more importantly, showing actual growth in a critical metric that has seen a consistent decline for quite some time. Google’s cost-per-click — a metric that helps define how valuable its ads are — grew 1% quarter-over-quarter this year. While still down 18%… Read More

  • Amazon shares pass $1,000 after posting strong financials

    Amazon shares pass $1,000 after posting strong financials

    Amazon shared third-quarter earnings after the bell on Thursday. The company posted significantly better-than-expected earnings, at 52 cents per share, when analysts were forecasting just three cents. Shares quickly ticked up 7 percent in initial after-hours trading, to above the $1,000 per share milestone. Read More

  • Current raises $5M for its debit card for teens that parents control with an app

    Current raises $5M for its debit card for teens that parents control with an app

    Current announced today it has raised $5 million in Series A funding for its debit card aimed at kids that parents can control with an app. The company first introduced its Visa debit to the market in May. Kids can use the card to shop in stores or online using funds from their own bank account linked to the card, after receiving a digital allowance from mom or dad. The new round was led by… Read More

  • Congress votes to disallow consumers from suing Equifax and other companies with arbitration agreements

    Congress votes to disallow consumers from suing Equifax and other companies with arbitration agreements

    The Senate voted late Tuesday night to strike a federal rule that would have allowed consumers affected by the Equifax hack to sue the company. Without it, the millions affected by the historic security breach may be disallowed from related joining class action lawsuits. This specific rule, and only this rule, would be nullified if the joint resolution is signed by the President. Read More

  • Jiko raises $7.7 million for debit card with cash back

    Jiko raises $7.7 million for debit card with cash back

    A lot of startups have been raising money for credit cards and other financing businesses lately. Now Jiko has debit card technology that has convinced Upfront Ventures, Radical Impact, Social Capital and others to invest $7.7 million in a Series A. The Oakland, Calif.-based business markets itself as a secure place to save your money, while also offering at least .5 percent cash back on… Read More

  • Netflix is raising $1.6B in debt as its content costs balloon

    Netflix is raising $1.6B in debt as its content costs balloon

    Netflix today said it was raising a very large lump of debt for the typical laundry list of uses that you’ll find in a filing with the SEC — though, the timing comes as its content costs may hit as much as $8 billion next year. The announcement comes off a strong earnings report last week, where Netflix once again beat expectations for its subscriber growth. The company also said… Read More

  • Affirm launches app to break purchases into monthly payments

    Affirm launches app to break purchases into monthly payments

    Affirm is rolling out an app to make it easier to pay for large purchases in monthly payments. The concept has been in beta testing and it is now being made available widely. The company was started by PayPal co-founder Max Levchin.  He believes that his business promotes better fiscal responsibility than traditional credit cards. He says Affirm’s business is different from the… Read More

  • SoFi held acquisition talks with Charles Schwab

    SoFi held acquisition talks with Charles Schwab

    SoFi, the online lending giant, held conversations with Charles Schwab about a potential acquisition by the brokerage firm, according to a source with knowledge of the discussions. The M&A talks were first reported by the Financial Times and were said to take place earlier this year. In addition to Charles Schwab, the FT reported that there were discussions with several other unnamed… Read More

  • Atlassian is on one heck of a run

    Atlassian is on one heck of a run

    When Atlassian went public at the end of 2015, it was a bit of an anomaly: a tech IPO whose numbers looked quite good with some profitability. It’s been almost two years since that IPO, and since then, the company’s valuation is at around $9 billion. The company popped 32% on its first day and hit a valuation of $5.8 billion. A lot of that is thanks to an insane run this year so… Read More

  • MongoDB shares pop 25% in its public market debut

    MongoDB shares pop 25% in its public market debut

    MongoDB made its public debut with a bang, with jumping more than 25%, today after spending the past several days revising up its expectations throughout the IPO process — which seems to have landed on the right spot. The company provides open-source technology that can be attractive for early-stage startups that want to get off the ground and then seeks to convert those companies to… Read More

  • MongoDB prices its IPO at $24 per share

    MongoDB prices its IPO at $24 per share

    MongoDB has finished up what is essentially the final step in going public, pricing its IPO at $24 and raising $192 million in the process. The company will debut on the public markets tomorrow and will once again test the waters for companies that are looking to build full-fledged businesses on the back of open-sourced software. MongoDB provides open-sourced database software that can be… Read More