Category: Startups
Despite earnings beat and upbeat forecast, Zoom shares fall after reporting Q4 results
Today after the bell, Zoom reported its Q4 earnings. The company’s recorded revenue of $188.3 million and its adjusted per-share profit of $0.15 were ahead of expectations, including $176.55 million in revenue and earnings per share of $0.07, according to Yahoo Finance averages. Down several points during a broad market…
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Oyo layoffs, Airbnb’s delayed IPO and the long-term quandary of investing in travel startups
It’s the best and worst of times for travel startups. Massive growth over the past few decades has made tourism one of the big global industries, covering everything from recreation to business conferences to shopping sprees. But doubts about the future of the industry are growing — and not just…
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Quibi closes on $750 million as its date with destiny approaches
With just over one month to go until its official launch date, the short-form, subscription streaming service, Quibi has closed on $750 million in new financing, according to a report in the company’s private PR Firm The Wall Street Journal. The company declined to disclose exactly who invested in the…
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Lunchr becomes Swile to expand beyond corporate lunch cards
Lunchr has rebranded to Swile in order to expand its product offering beyond meal vouchers. The company wants to focus on everything that happens at work but that isn’t technically work — money pots for a birthday, paying back your coworkers, creating team-building events and more. At heart, Swile provides…
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Lerer Hippeau’s Ben Lerer shares his priorities for scouring seed deals
Enterprise software startups are changing how they infiltrate companies, and investors are taking note. Last week, I chatted with Lerer Hippeau‘s Ben Lerer after his firm had just led a seed round in Air, a digital asset management platform. I used the opportunity to pick his brain about what he’s…
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Robinhood’s downtime as a stress test for the consumer fintech boom
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Earlier this week, the popular free stock trading service Robinhood suffered downtime over a two-day period. The company, a well-funded unicorn taking on incumbents in its industry, failed to operate…
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