Category: TC
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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US Congress approves $8.3 billion in emergency funding for coronavirus response
Congress on Wednesday approved $8.3 billion in emergency funding to respond to the spreading novel coronavirus, COVID-19, which has already sickened 80 people across 13 states and killed nine in the U.S. alone. More than $3 billion of that funding will go to the research and development of vaccines, therapeutics…
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Daily Crunch: Coronavirus prompts more conference cancellations
Google cancels its big developer conference, Justin Kan’s legal startup shuts down and Robinhood offers more details about a recent outage. Here’s your Daily Crunch for March 4, 2020. 1. Google cancels its 2020 I/O developer conference After Facebook canceled its F8 developer conference and Google itself moved its Cloud…
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Messenger hits the Mac App Store in several markets
At Facebook’s 2019 F8 developer conference, the company announced plans to introduce desktop apps for its popular communications app Messenger. Now, less than a year later, the Messenger Mac App is beginning to roll out. Though not yet available in the U.S., Messenger for Mac has popped up in the…
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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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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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