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Fitbit Files $100 Million IPO

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 regulatory filing revealed some interesting things about the company – including some impressive numbers in terms of revenues and profit. …

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Student Loans? Get a Life Insurance Policy

When Steve and Darnelle Mason co-signed their daughter’s student loans to help her pay for nursing school, the couple never thought the decision would come back to haunt them. After all, that was what all parents did for their children – help them pay their way through college to receive a degree and hopefully obtain the career of their dreams. …

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AOL Sees 6th Consecutive Quarter Of Revenue Growth

AOL just released its Q2 earnings report with its sixth consecutive quarter of revenue and adjusted OIBDA growth. Total revenue grew 12% year-over-year. The company attributes this to accelerated global advertising revenue, which grew 20% year-over-year. The company saw 60% growth in third party platform revenue driven by growth in the sale of premium formats across its programmatic platform as …

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Groupon Earnings Released, Revenue Up 23%

Groupon just released its earnings report for the second quarter with gross billings of $1.82 billion and revenue of $751.6 million. The company also reported adjusted EBITDA of $59.1 million, GAAP loss per share of $0.03, and non-GAAP earnings per share of $0.01. Revenue was up 23% year-over-year. In North America, it was up 12%, and in the rest of …

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LinkedIn Earnings Released, Revenue Up 47%

LinkedIn just released its earnings report for the second quarter with revenue of $534 million, up 47% year-over-year. Net loss (attributable to common stockholders) was $1 million, compared to net income of $3.7 million for the same quarter last year. Non-GAAP net income was $63 million compared to $44 million for the same quarter last year. GAAP diluted EPS for …

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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% year-over-year. Q2’14 revenue: $312M; adj. EBITDA: $54M; non-GAAP net income: $15M. Key info: https://t.co/FFTAImEHmV #TWTRearnings pic.twitter.com/vXO22AHfc0 — TwitterIR (@TwitterIR) July …

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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% to $750 million due to revenue share and royalties as well as customer service and billing expenses. Profit was down …

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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 than expected. Stock immediately started going down. Operating cash flow was up 18% year-over-year at $5.33 billion, while free cash …

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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 – up 61 percent year-over-year. Revenue from advertising was up 67 percent, with 62 percent of that coming from mobile. COO …

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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 million, up 9% from last year. CEO Mark Zuckerberg gave pretty much the most generic statement possible: “We had a …

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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 powered by Tumblr, where expert contributors will regularly create and share original content.” “Yahoo is opening up the Finance platform …

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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 billion, and $1.07 per diluted share last year. Gross margin was up year-over-year at 39.4 % from 36.9%. International sales, …

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