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All Posts Tagged Tag: ‘Finance’

Uber Wants to Go Public in 18-24 Months, According to Leaked Documents

Uber Wants to Go Public in 18-24 Months, According to Leaked Documents

According to a leaked presentation to potential investors in China, Uber plans to go public in the next 18-24 months – putting the IPO sometime near the end of 2016 to the middle of 2017. Reuters reports on the documents, which also include plenty of financials. According to the presentation, Uber is expected to see global bookings of $10.84 billion …

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Facebook Patents a Way to Let Lenders Reject You Based on Your Friends’ Crappy Credit

Facebook Patents a Way to Let Lenders Reject You Based on Your Friends’ Crappy Credit

Facebook’s filed a new patent, and it might make you think twice about the (virtual) company you keep. Here’s the abstract of Facebook’s new patent: In particular embodiments, a method includes accessing a graph structure comprising a plurality of nodes and edges where each node represents a user, receiving a request to transmit content related to a first user to …

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Uber Is Now a $50 Billion (Valued) Company

Uber Is Now a $50 Billion (Valued) Company

Throw some more money on the Uber stacks. The on-demand car company has just raised another cool $1 billion, according to sources quoted in the Wall Street Journal. The $1 billion brings the total funding to $5. The company is now valued at just shy of $51 billion. This round was brought to you by Microsoft and Indian media company …

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Facebook Earnings: $4.04 Billion in Revenue, MAUs Climb to 1.49B

Facebook Earnings: $4.04 Billion in Revenue, MAUs Climb to 1.49B

Facebook has just reported its second quarter earnings, and the company has topped analyst expectations. Facebook posted earnings of $0.50 per share on $4.04 billion in revenue. Wall Street forecasted earnings of $0.47 per share on $3.99 billion in revenue. “This was another strong quarter for our community,” said Mark Zuckerberg, Facebook founder and CEO. “Engagement across our family of …

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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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