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,…
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…
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…
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.…
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…
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…
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…
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…
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…
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…