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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…
Read MoreHere’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…
Read MoreDisney+ 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…
Read MoreAfter 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.…
Read MoreSamsung 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…
Read MoreSnapchat 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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