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Fitbit Files $100 Million IPO

Fitbit Files $100 Million IPO

By Josh Wolford May 7, 2015

Fitness tracking wearables company Fitbit has decided to go public According to Fortune, Fitbit will trade on the NYSE under the symbol FIT. The company says it plans to raise $100 million, but that number is likely to change. Fitbit’s …

Twitter Revenue Up 124%, Monthly Active Users Up 24% Twitter Revenue Up 124%, Monthly Active Users Up 24%

Twitter just released its earnings report for the second quarter. This is the company’s third such report since going public last year. The company beat analysts’ estimates, and stock is quickly taking off. Revenue was was $312 million, up 124% …

SiriusXM Hits Record 26 Million Subscribers As Profit Declines SiriusXM Hits Record 26 Million Subscribers As Profit Declines

Sirius XM released its earnings report for the second quarter. Profit was down 4.4%. While the company managed to add significantly to its revenue and subscriber count, these just weren’t enough to offset operating expenses. These expenses grew by 12% …

Amazon Reports 23% Sales Increase, $126 Million Loss Amazon Reports 23% Sales Increase, $126 Million Loss

Amazon just released its earnings report for the second quarter. Net sales were up 23% year over year at $19.34 billion, which is in tune with analysts’ expectations, though earnings per share were – $0.27, which is a greater loss …

Facebook Stock Opens at All Time High Facebook Stock Opens at All Time High

On the heels of a strong earnings report, Facebook stock soared in after hours trading and has carried that momentum into pre-market trading, hitting an all-time high. Wednesday afternoon, Facebook released its Q2 earnings, reporting revenue of $2.91 billion – …

Facebook Releases Earnings, Revenue Up 61% Facebook Releases Earnings, Revenue Up 61%

Facebook just released its Q2 earnings report with revenue of $2.91 billion, up 61% year-over-year. Revenue from advertising was $2.68 billion, up 67%, with mobile ad revenue representing 62% of all ad revenue. Payments and other fees accounted for $234 …

Yahoo Launches Contributor Network For Finance Yahoo Launches Contributor Network For Finance

Yahoo may be in the process of killing the Yahoo Contributor Network (thanks to the Google Panda update), but it just announced the launch of the Yahoo Finance Contributor Network. The company describes the new offering as “a finance-focused network …

Apple Earnings Released, Revenue $37.4 Billion Apple Earnings Released, Revenue $37.4 Billion

Apple announced its earnings for its fiscal 2014 Q3 (ended June 28). This includes revenue of $37.4 billion, and net profit of $7.7 billion, or $1.28 per diluted share. These are up from $35.3 billion revenue, net profit of $6.9 …

Microsoft Earnings Released, Revenue $23.38 Billion Microsoft Earnings Released, Revenue $23.38 Billion

Microsoft just released its earnings report for FY14 Q4 with revenue of $23.38 billion, gross margin of $15.79 billion, operating income of $6.48 billion, and diluted EPS of $0.55 per share. CEO Satya Nadella said, “We are galvanized around our …

Alibaba IPO Expected After Labor Day Alibaba IPO Expected After Labor Day

Back in May, Chinese ecommerce giant Alibaba filed for tis IPO, which is to be the biggest ever for a tech company. The IPO had been expected to take place in August, but The New York Times is now reporting, …

eBay Earnings Released, Revenue Up 13% eBay Earnings Released, Revenue Up 13%

eBay just released its earnings report for the second quarter with revenue growth of 13%, commerce volume growth of 26%, GAAP and non-GAAP EPS growth of 9%, and the announcement that it has repurchased $1.7 billion in stock. Revenue was …

Yahoo Earnings Released, Revenue $1.04 Billion Yahoo Earnings Released, Revenue $1.04 Billion

Yahoo just released its earnings report for the second quarter, missing Wall Street estimates with revenue of $1.04 billion. CEO Marissa Mayer didn’t sugar coat it. “Our top priority is revenue growth and by that measure, we are not satisfied …

With Freshdesk, Google Capital Invests In Sixth Company With Freshdesk, Google Capital Invests In Sixth Company

Cloud-based customer support software maker Freshdesk announced today that it has secured a new $31 million round of funding led by Tiger Global, with backing from Accel Partners and Google Capital. That would make Freskdesk the sixth company to get …

Rite Aid Stock Down on Poor Earnings Update Rite Aid Stock Down on Poor Earnings Update

Stock in Rite Aid Corporation is tumbling today following a dismal earnings update by the company. On Thursday Rite Aid released sales results for May and updated its quarterly and yearly earnings estimates, previewing a year of worse-than-expected earnings. Rite …

Credit Suisse Pleads Guilty to U.S. Tax Evasion Credit Suisse Pleads Guilty to U.S. Tax Evasion

Swiss banking firm Credit Suisse this week pleaded guilty to U.S. tax evasion charges. According to the U.S. Department of Justice, Credit Suisse is the largest bank to plead guilty to such charges in over two decades. The case surrounds …

Groupon Earnings Released: ‘We Had A Record Quarter’ Groupon Earnings Released: ‘We Had A Record Quarter’

Groupon just released its earnings report for the first quarter with gross billings of $1.82 billion and revenue of $757.6 million. Gross billings (the total dollar value of customer purchases of goods and services, excluding applicable taxes and net of …

LinkedIn Earnings Released, Revenue Up 46% LinkedIn Earnings Released, Revenue Up 46%

LinkedIn just released its earnings report for the first quarter with revenue of $473.2 million, up 46% year-over-year. The company managed to beat analysts’ expectations. The company reminds us that it has over 300 million members, which it announced a …