Techmeme

Results 1 - 10 of 16:

Bloomberg:
Social Finance CEO letter says company made $56.1M profit on $145.3M revenue in Q3, will sell hedge fund founded by former CEO Mike Cagney   —  Startup's revenue rises but profit falls from previous quarter  —  Firm will pull back from some of its expansion plans
Nov 9, 2017, 8:50 PMIn context
Bloomberg:
A list of all the questions Facebook, Google, and Twitter told Congress they would answer later   —  Unanswered questions mean tech companies need to follow up  —  Lawmakers sought detailed information in Russia meddling probe  —  Facebook Inc., Alphabet Inc.'s Google and Twitter Inc. faced hours …
Nov 5, 2017, 10:15 AMIn context
Selina Wang / Bloomberg:
Twitter Q3: $589.6M revenue tops estimates, net loss down to $21.1M; MAUs grew 4% YoY to 330M, DAUs grew 14% YoY; stock up 19%+ as Q4 guidance suggests profit   —  Monthly active users grew 4% year-over-year to 330 million  —  Quarterly sales of $589.6 million topped analysts' estimates
Oct 26, 2017, 7:15 AMIn context
Selina Wang / Bloomberg:
How apps like De Dao, fewer entertainment options, and widespread adoption of mobile payments are fueling a paid content boom in China   —  For years, China was known mostly for copying U.S. innovations.  Now, the copy-catting is flowing the other way.  —  Back in early 2016 …
May 28, 2017, 5:50 AMIn context
Bloomberg:
Sources: Musical.ly is in talks with media companies including Viacom and NBCUniversal to make original shows, set to launch this summer   —  Tween video app aims to launch new shows as soon as summer  —  Virtual face mask creation tool among other new features
May 19, 2017, 2:30 PMIn context
Bloomberg:
China's Alipay announces deal with payment processor First Data Corp to let its users shop at 4M stores in US   —  Mobile payments wallet to be accepted at 4 million U.S. stores  —  Alipay says it's part of broader international expansion  —  China's mobile-payments king wants a piece of the world's biggest consumer market.
May 9, 2017, 4:10 AMIn context
Bloomberg:
Sources: Lyft forecast a $130M loss and $800M in gross bookings for Q1, and booked 22.8M rides in February after #DeleteUber, up 137% YoY   —  The No. 2 U.S. ride-hailing provider has seized on Uber's recent troubles  —  Lyft Inc.'s bookings and ridership surged in the first quarter …
Apr 27, 2017, 12:52 PMIn context
Selina Wang / Bloomberg:
Source: Square acquired the engineering team of Yik Yak, which had raised ~$74M in total funding, for less than $3M   —  Company pays less than $3 million for small team of engineers  —  The deal is a sign of the once high-flying app's decline  —  Square Inc. acquired the engineering team of Yik Yak …
Apr 24, 2017, 2:40 PMIn context
Selina Wang / Bloomberg:
Source: LeEco missed its $100M US sales goal in 2016, generating less than $15M, will eliminate 175 of 475 jobs in US   —  Chinese tech firm falls far short of $100 million revenue goal  —  U.S. ambitions also hindered by collapse of deal to buy Vizio  —  Chinese technology conglomerate LeEco Inc …
Apr 10, 2017, 7:00 PMIn context
Selina Wang / Bloomberg:
Sources: Chinese tech conglomerate LeEco delayed payroll for US employees this month amid cash squeeze, as some high-profile execs depart to Samsung   —  Tech conglomerate's U.S. plans falter after aggressive growth  —  Some high-profile executives, wooed from Samsung, have left
Apr 4, 2017, 1:30 PMIn context

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Microsoft:
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