All Posts Tagged Tag: ‘Finance’

Twitter Earnings Beat Expectations, but User Growth Remains Flat

Twitter Earnings Beat Expectations, but User Growth Remains Flat

Twitter has just reported its Q2 earnings, and it’s beaten expectations. Twitter posted second-quarter earnings of $0.07 per share on $502 million in revenue. Wall Street expectations were $0.04 per share on $481 million in revenue. “Our Q2 results show good progress in monetization, but we are not satisfied with our growth in audience,” said Jack Dorsey, interim CEO of …

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Spotify Hits 20M Paid Users, Defends Artist Payouts

Spotify has a message for Apple and its new Apple Music venture – you’re starting well in the hole. The streaming music company has just announced it has hit 20 million paid subscribers, and 75 million total active users (meaning 55 million free tier users). Year-over-year, that’s a 100 percent increase in paid users. In May of 2014, Spotify reported …

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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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Comcast’s Final Tally on Failed Time Warner Cable Deal: $336 Million

Comcast spent $336 million to not acquire Time Warner Cable. In the company’s Q1 earnings report, it reported $99 in “transaction” costs. If you add that to all the other transaction costs Comcast reported in 2014 it looks something like this: Comcast has reported $336 million in costs tied to TWC/Charter deals: Q1 15: $99M Q4 14: $99M Q3 14: $77M Q2 14: …

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Twitter Tops 300M Users as Earnings Fall Short

Twitter has just reported its Q1 2015 earnings, and its stock price is taking a huge hit. The company reported $436 million in revenue, far short of the $456 million analysts projected. Despite falling short, it’s still a 74% year-over-year increase. “While we exceeded our EBITDA target for the first quarter, revenue growth fell slightly short of our expectations due …

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Uber Could Soon Be Valued at $40 Billion

Uber could be valued at a staggering $35 to $40 billion after a new round of funding, according to a report. “T. Rowe Price Group Inc. is in discussions to be a new investor, said the people, who asked not to be identified because the details are private. Existing investor Fidelity Investments is also set to participate in the funding, …

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401(k) Plans Still Popular, But Growth is Slowing

For the past few years, retirement has seemed like a pipe dream for many Americans. The financial meltdown that occurred six years ago decimated the retirement accounts of many Americans, and U.S. employment numbers are still limping back to pre-recession levels. Add to that the wage stagnation the U.S. has seen over the past decades and it is easy to …

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Mortgage Rates Down: Why Americans Don’t Care

The big news in financial circles lately has been that mortgage rates are down. The big concern in financial circles lately has been that, even though mortgage rates are down, home sales are not rising. Analysts seem to be losing their collective minds trying to figure out why the price drop is not resulting in an uptick in sales. The …

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U.S. Economy Stall In Q1: Weather To Blame?

The US economy just barely grew in the first quarter of this year, and many might say the rough winter is to blame. Exports plummeted and companies bought stocks at a snail’s pace. In the last quarter of 2013, gross domestic product grew at 2.6%. This past quarter showed a slow down to .1%. The slow down wasn’t a surprise, …

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Online Security, Are We All Potentially At Risk?

How safe are we really? One may wonder if large corporations, small businesses, and individuals are all subject to online fraud. Financial Fraud Action UK has recently reported that losses incurred due to online security failures are increasing. Though there is no surefire way to safeguard against all potential risks, individuals have options regarding where to invest their money. Choosing …

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JPMorgan Refunds $389 Million to Customers for Ill-Suited Credit Card Practices

JPMorgan Chase & Co. have had coarse week that has cost them well over $1 billion in fines and refunds. Only hours following the announcement of admission in the London Whale trade devastation, which cost the bank $920 million in fines, JPMorgan made yet another announcement. The bank informed the public that they’d executed a massive reimbursement of over $309 …

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Timken Split Into Two Publicly Traded Companies

On September 5, 2013, the Timken Company officially announced that they would be splitting their company into two separate entities. After the announcement, Timken stock rose 6.2% during after-market trading. Timken manufactures steel, bearings and power transmissions. The company split will form a new steel company (no name announcement yet) which will continue to manufacture carbon and alloy steel. The …

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