If Spotify is still a growth-focused company, shouldn’t it preserve its capital to invest in exclusive podcasts and the like — efforts that may grant it pricing power in the future?
What happens when Wall Street falls out of love with your sector?
Either the neoinsurance companies’ long-term models will come to fruition thanks to large cash balances providing runway to prove their point, or Wall Street is correct — they were always overvalued.
What happens when Wall Street falls out of love with your sector?
Either the neoinsurance companies’ long-term models will come to fruition thanks to large cash balances providing runway to prove their point, or Wall Street is correct — they were always overvalued.
Airbnb, DoorDash report earnings as COVID threatens to slow the IRL economy (again)
Both companies were heavily impacted by the onset of COVID-19: Airbnb saw its revenues collapse in 2020, while DoorDash managed a simply incredible 2020 as folks stayed home and ordered in.
Box reports earnings early to give shareholders time to review financials ahead of board vote
Box has been in an ongoing dispute with activist investors Starboard Value over control of the board, an argument that is expected to come to a head on September 9th at the annual shareholder meeting. In an effort to show shareholders that the numbers are continuing to improve under the current leadership, Box took the […]
Coinbase crushes Q2 expectations, notes Q3 trading volume is trending lower
After the bell today, Coinbase reported another period of impressive results in its second quarter earnings report. During the quarter, Coinbase’s total revenue reached $2.23 billion, which helped the company generate net income of $1.61 billion in the three-month period. The company benefited from a one-time line item worth $737.5 million, which stemmed from what […]
The cost of Velodyne’s internal drama is starting to add up
Velodyne Lidar, the sensor company that went public a year ago when it merged with special purpose acquisition company Graf Industrial Corp., reported its second quarter earnings Thursday, results that show a company spending more to find new customers for its products while grappling with an increasingly expensive internal drama. Just a few weeks ago, […]
Fisker-Foxconn EV partnership ‘moving faster than expected,’ CEO Henrik Fisker says
U.S. electric automaker Fisker expects operating expenses to reach between $490 million and $530 million this year, a slight increase in its business outlook for the year that is driven by R&D spending on prototypes for its Ocean SUV, testing and validation of advanced technology, hiring and its “accelerating” partnership with Foxconn. The company, which […]
Uber shares fall despite revenue beat as its core operations continue to lose money
Today after the bell U.S. ride-hailing giant Uber reported its second-quarter financial results. The company’s numbers come a day after its domestic rival, Lyft, shared its own Q2 earnings. Notably while Lyft managed to generate positive adjusted EBITDA in the second quarter, Uber did not. However, Uber did generate positive net income of $1.14 billion […]
Cloud infrastructure market kept growing in Q2, reaching $42B
It’s often said in baseball that a prospect has a high ceiling, reflecting the tremendous potential of a young player with plenty of room to get better. The same could be said for the cloud infrastructure market, which just keeps growing, with little sign of slowing down any time soon. The market hit $42 billion […]