IBM & Bank of America Working On World’s First Financial Services-Ready Cloud

IBM has announced it is developing the “world’s first financial services-ready public cloud,” and Bank of America has joined the effort. While software companies have a long track record of making software tailored to a specific industry, it is a…

Grubhub CEO Matt Maloney is an Idiot–Potentially Costing Company Millions–Trump Supporters Outraged

Grubhub CEO Matt Maloney is dumb, dumb and dumber. After the election he sent a condescending, baseless, whacko email that gives the impression to his employees that if you voted for Trump or believe in Trump’s campaign message that you…

Prime Day was Biggest Day in the History of Amazon

Amazon knocked it out of the park on yesterday’s Prime Day with customer orders surpassing Prime Day 2015 by more than 60% worldwide and more than 50% in the United States. Amazon said it was also the biggest day ever…

Groupon Grabs $250M Investment, Comcast Partnership

Groupon announced that it has secured a new $250 million investment from independent private company Atairos, which supports growth-oriented businesses. Michael Angelakis, Chairman and CEO of Atairos, will also join Groupon’s Board of Directors. Atairos laucnhed earlier this year with…

Square Starts Offering Loans Through Square Capital

Square launched Square Capital in 2014 as a cash advance program for eligible businesses. The program gave businesses quick (the next business day) access to thousands of dollars, with great flexibility in payback. Payback came out as a percentage of…

You Can Now Do Banking With Amazon Echo Devices

Amazon announced that Capital One will be the first company to provide customers with the ability to interact with their financial information through Alexa-enabled devices like the Amazon Echo, Fire TV, or the new Amazon Tap or Echo Dot. “Starting…

Etsy Gives Shareholders Something They Like

Investors weren’t thrilled with Etsy’s Q3 report when the company posted a net loss of $6.9 million ( 6 cents per share) and revenue of $65.7 million. On Tuesday, the company posted its Q4 and full-year 2015 financials with a…

Groupon’s ‘Stronger Than Expected’ Earnings Out

Groupon just reported its financials for Q4 with what the company calls “stronger than expected” results, including a record Black Friday and Cyber Monday period. Revenue grew to $917.2 million from $883.2 million in the same quarter in 2014 (up…

Twitter Earnings Out, User Growth Stalled

Twitter just released its financials for the fourth quarter, meeting Wall Street expectations on revenue and beating on earnings per share ($710 million and 16 cents respectively). However, the company failed to make an impact on its biggest area of…

LinkedIn Earnings Out, Revenue up 34%

LinkedIn reported its financials for Q4 and full-year 2015 with revenue up 34% year-over-year at $862 million for the quarter. Earnings per share for the quarter were $0.94, which was better than Wall Street expectations. Still, stock is plummeting after…

Alphabet Impresses On Revenue, Earnings

Google parent Alphabet announced its financial results for the fourth quarter and fiscal year ended December 31, 2015. The company beat Wall Street estimates for the quarter on earnings per share ($8.67) and revenue ($21.32 billion). Cost per click on…

Facebook Earnings Out, Mobile Ad Revenue 80% Of All Ad Revenue

Facebook just released its earnings report for the fourth quarter and full-year 2015. Full-year revenue was $17.93 billion, up 44% year-over-year. Net income was $3.69 billion. Mobile ad revenue represented 80% of all ad revenue in the fourth quarter. That’s…

eBay Earnings Released, Active Buyer Base Grows 5%

eBay just reported its earnings for the fourth quarter and full-year 2015. Highlights include gross merchandise volume of $21.9 billion, revenue of $2.3 billion, 5% growth in active buyer base (to 162 million), Non-GAAP and GAAP EPS per diluted share…

Yahoo Finance Launches ‘The Final Round’

Yahoo announced the launch of a new daily live broadcast called The Final Round. It will air each weekday just before the closing bell sounds at 3:58 p.m. ET. The show will provide updates on the day’s important business news,…

GoDaddy Earnings Impress, Revenue Up Over 15%

GoDaddy just reported its financials for Q3 with revenue up 15.2% year over year at $411.1 million, beating Wall Street expectations. The company also reported total bookings of $475.6 million (up 14.1%). Domains revenue was $215.0 million (up 10.5%) while…

LinkedIn Impresses With Earnings, Reaches 400 Million Members

LinkedIn just released its Q3 financial results, and knocked them out of the park. Shares quickly began to skyrocket in after hours trading after the company posed massive beats. Adjusted earnings per share of $0.78 topped the expected $0.45 while…

Yelp Earnings Please Investors

Yelp just released its financial results for Q3, beating Wall Street expectations with revenue of $143.6 million, and earnings per share of $0.03. Net revenue was up 40% year over year. Yelp’s cumulative reviews grew 35% year over year reaching…

Alibaba Group Earnings Impress, Revenue Jumps 32%

Alibaba Group reported its financial results for the quarter ended September 30 on Tuesday, beating Wall Street expectations as its revenue jumped 32% to $3.5 billion. EPS was $0.57. Gross merchandise volume (GMV), which refers to the total sales value…

LinkedIn Impresses On Revenue, Earnings

LinkedIn just released its earnings report for the second quarter with revenue up 33% year-over-year at $712 million and earnings per share of $0.55. Both of these were significantly better than Wall Street estimates, which were reportedly more like $680.3…

Yelp Earnings Disappoint As Chairman Leaves And Company Moves Away From Display Ads

Yelp reported its second quarter earnings on Tuesday with better than expected revenue, but worse than expected profit, sending shares tumbling. But that wasn’t the only news to come out of the company. Yelp also announced the resignation of Max…