Month: February 2020
Tinder made $1.2 billion last year off people who can’t stop swiping
Tinder’s making a lot of money off the single people of the world. In its final earnings release for 2019, Match Group disclosed that Tinder brought in $1.2 billion in revenue last year, further cementing its place as the dating app company’s most valuable asset. Match as a whole earned…
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Here’s why so many fintech startups are loaning to small businesses
Everyone wants to lend to small businesses, as the fintech boom continues to bring constituent players closer together in feature-terms. Thinking broadly, the rising focus on small-business lending amongst B2B fintech and finservices companies feels directionally similar to the rise of consumer-oriented fintech startups adding banking-like features last year. This…
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Disney+ already has 26.5M subscribers
The Walt Disney Company just announced that its streaming service Disney+ has 26.5 million paying subscribers — ahead of the already impressive 25 million predicted by Wall Street analysts. Disney+ launched on November 12 and is not yet available globally. The day after the launch, the company said the service already…
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After closing its $2.2 billion latest tech fund, KKR adds top Cisco exec to its leadership team
KKR, the multibillion-dollar multistrategy investment firm, is beefing up its technology practice with the appointment of Rob Salvagno as a co-head of its technology growth equity business in the U.S. It’s a sign that KKR is taking the tech industry seriously as it looks for new acquisition and investment opportunities.…
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Samsung leaks images of its new Galaxy S20
Samsung appears to have accidentally revealed the Galaxy S20 in a set of leaked marketing images posted to its own website, as spotted by WinFuture. The images confirm a few things that were already rumored about the phone, including the Galaxy S20 name (instead of the S11, which would technically…
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Snapchat hits 218M users but big Q4 losses sink share price
Snapchat still isn’t profitable nearly two years after its IPO. In Q4 2019, Snap lost $241 million on 560.8 million in revenue that’s up 44% year-over-year and an EPS of $0.03. That comes from adding 8 million daily users to reach a total of 218, up 3.8% this quarter from…
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