Category: finance
Saving, not spending, is the new hotness in fintech
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday news broke that Robinhood is on the hunt for new capital at a roughly flat valuation, per friend of the blog Katie Roof. If you are a bit confused…
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Uber pulls back from operating profit target
Uber is walking back its guidance for what was supposed to be a milestone year for the ride-hailing company that included reaching an operating profit by the last quarter. Uber said Thursday it was withdrawing its 2020 guidance for gross bookings, adjusted net revenue, and adjusted EBITDA, which were provided…
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‘Glitch’ blamed as stimulus check is delayed for millions who filed through H&R Block, TurboTax
Many have been understandably concerned that, amid corporate bailouts, a $1,200 check won’t be enough to survive several more weeks of lockdown. But the stimulus check is, at very least, better than nothing, particularly for the more than 22 million Americans have filed jobless claims in the last month alone.…
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GoPro lays off 200 employees representing 20% of the company
Action camera manufacturer GoPro has announced some massive organizational changes at the company. In particular, the company is laying off over 200 employees — it represents a 20% staff reduction. GoPro will shut down some offices altogether. There will be offices in five geographies after the round of layoffs. The company…
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As stocks recover, private investors aren’t buying the hype
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we need to talk about what we’re hearing from the private markets and the public markets, and how different their messages seem to be. The public markets through yesterday…
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College isn’t free yet, but Savi raises a $6M Series A to assist student loan borrowers find loan forgiveness
The student loan crisis has crescendoed to even worse heights. As universities shut down across the country due to the outbreak of COVID-19 and employment opportunities dim with the rapidly decelerating economy, today’s students and post-grads need better tools than ever to navigate their finances. Unfortunately, student loans in the…
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