US markets shrug off record unemployment numbers as tech shares rise

Despite reports of historic unemployment, with roughly 6.6 million Americans filing for unemployment, domestic stocks rose during regular trading today. One day after grim estimates on the potential d

SaaS growth appears to slow as churn concerns rise

A set of charts provided to TechCrunch detail how the growth rate of SaaS companies, in both B2B and B2C, are falling. The market could be in for SaaS's first patch of hard times in recent memory.

Stocks fall sharply as US government warns of hard weeks ahead

A recent rebound in domestic equity prices faded further into the distance today, as American stocks fell for a second consecutive day following modest Tuesday declines. After rising from new 52-week

How bad will SaaS churn get in the downturn?

It's easy to say that churn will go up; some customers will close, cancelling contracts (boosting gross churn) while other customers will slow software budget growth (limiting net retention). But how

Stocks post worst quarter since 2008 financial crisis

The first quarter of 2020 ended with a whimper — with the Dow Jones Industrial Average, S&P 500 and Nasdaq posting their worst quarter in decades — as the COVID-19 pandemic continues to cause

How to value a startup in a downturn

The value of technology companies has fallen as the broader public markets have repriced themselves in light of COVID-19-related market and economic disruptions. And as the public markets sort out the

Slack’s slowing growth turns around as remote work booms

The demand for remote friendly services is probably bigger than we thought.

Looking back at Zoom’s ascent a year after it filed to go public

Zoom, a video chat service then popular with corporations, filed to go public on March 22, 2019. Best known in venture and corporate circles, Zoom was far from a household name at the time. However, t

Startup valuations drop as exits are delayed and the stock market reprices tech

The public markets are in turmoil as the economic impact of COVID-19 comes into focus; however, it is less clear what the impact of the changing value of public companies today will have on the valuat

$100M rounds are down but not out in 2020

This morning we're taking a look at mega-rounds — funding events of $100 million or more.

Equity Monday: What’s going on with $100M rounds?

Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Equity was busy last week, so catch up if you missed anything. We interviewed th

Slack adds 7K customers in 7 weeks amid remote-work boom, besting its preceding 2 results

Today, Slack, a popular internal chat application, announced that it added 7,000 new customers between February 1 and March 18. That is 47 days. For context, Slack added 5,000 customers total in its p

Markets are mixed in morning trading as industries adjust to the new normal

After yesterday’s news that the U.S. automakers would temporarily close their doors and the US President Donald Trump invoked the Defense Production Act to shift manufacturing capacity to meet e

Microsoft Teams jets to 44M DAUs, announces new features as remote work booms

Update: The information that TechCrunch received ahead of this particular embargo wound up being dated. We’ve updated the post to reflect the latest. We previously noted a 32 million DAU figure,

As Uber and Lyft continue to melt, the 2019 unicorn class loses its shine

You’d be excused for feeling that mid-2019 was in a different decade as far as venture-backed IPOs go. Last year saw a number of successful flotations of venture-backed technology and technology

Stocks gain as governments around the world pledge to prop up the global economy

In a volatile trading session that saw the White House signal intentions to release the largest stimulus package since the great recession of 2008, American stocks made up for yesterday’s losses

Have hundreds of unicorns missed their exit window as Q1 IPOs grind to a halt?

As investors struggle to price the stock market as economic and political news continues to break, the private market is entering a rough period.

Stocks dive on Dow’s worst day since 1987, tech crashes and Bitcoin is no haven

Well, that was terrible. During the day’s wild trading session, the Dow Jones Industrial Average (DJIA) dropped by just under 10% in what was the largest single-day percentage decline since the

Slack shares plummet 20% after its growth forecast fails to excite investors

Today after the bell, Slack, a popular workplace communication product, reported its FQ4 2020 earnings, the three-month period ending January 31 2020. The company’s results came in ahead of expe

Stocks fall again, pushing deeper into bear territory as SaaS reaches 1-year lows

American-listed shares are off sharply this morning, falling after a steep selloff yesterday was not staunched by a presidential address. The declines echo what happened to Asian-listed stocks earlier
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