Finance
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No-Fee, Stock-Trading App Robinhood Is Now On Android
Zero-fee, stock-trading app Robinhood is now on Android. The app launched on iOS late last year and has grown to “hundreds of thousands of customers” and made over $1 billion in trades on the platform, according to the startup. Square Has Both The Hardware And Software To Help Businesses Of All Sizes
Last week, I visited payments company Square and sat down with its Hardware Lead, Jesse Dorogusker, about much more than hardware. Dorogusker, a former director of engineering at Apple, discussed with me how the company has evolved to much more than a dongle that accepts payments. Read More
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Verizon Reports Q2 Revenue Of $32.2 Billion, EPS Ahead Of Analyst Estimates
Verizon, now owner of AOL (and, thus, us!) reported its second-quarter earnings today. The company posted revenues of $32.2 billion on earnings per share of $1.04. Analysts were estimating sales of $32.45 billion on EPS of $1.01 — so the company was more profitable than expected despite falling short on revenue. Read More
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Twilio Offers Early Shareholders Liquidity In Repurchase Offer
Twilio, the startup that lets developers integrate voice, text and other communications services into mobile and web apps by way of a set of APIs, has stayed mum in answer to questions of when it might finally make the leap to go public.
But today it took a step that some believe could help position it for just that: the company has sent out a letter offering to repurchase Series A… Read More
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‘Twas A Rowdy Day For Tech Stocks
Tomorrow marks the kickoff point for the next cycle of tech earnings, so the markets are on the precipice of a data deluge. Today we had a bit of a pre-show, with two things happening that are well worth our consideration: Box’s big trading day and Twitter’s fake acquisition news. Read More
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Microsoft Writes Down $7.6B Of Its Nokia Acquisition, Announces 7,800 Layoffs
Microsoft’s signaled and expected goodwill impairment, relating to its previous purchase of the majority of Nokia’s hardware assets, took place this morning — with the software company erasing $7.6 billion from its books. Interview: Tim Draper Doubles Down On Europe
DFJ, the storied Silicon Valley venture capital firm, has built out a global presence not just through direct investments but through a network of firms that are affiliated with the mothership yet raising and investing from their own funds. Now that network is going through some changes, and with it comes a new role for one of the firm’s founders. The DFJ Network has rebranded to… Read More
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India’s BankBazaar Raises $60M Series C Led By Amazon
BankBazaar, a startup that lets Indian consumers compare financial products online, has scored a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse Partners, and returning investors Sequoia Capital and Walden International. Security Firm Sophos Raises $125M In UK IPO, Valuing It At $1.6B
As malicious hacks, data breaches and other forms of cyber crime continue to persist in our networked, Internet-connected world, Sophos, a maker of antivirus software, firewall hardware and other security products for networks, individual users and servers, is going public on the London Stock Exchange.
Trading now as Sophos Group plc and using the “SOPH” ticker, the company… Read More
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API-Based Money Mover Currency Cloud Taps Sapphire Ventures And Rakuten For $18M
Startups that help people send money to each other or pay for goods and services online have been growing like weeds, fuelled by consumer demand, increasingly ubiquitous connected devices to make and receive the funds, and VCs eager to profit from their growth. Now a startup that has built technology to power fintech startups is raising some money of its own. Currency Cloud, a UK-based… Read More
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