Twitter continued to see its total traffic rise in the third quarter, thanks to that trifecta of returning sports, the presidential campaign and the COVID-19 pandemic. But there wasn’t nearly enough growth to appease Wall Street. Twitter beat out analyst expectations on revenue and net income; however, Wall Street was stuck on Twitter’s user figures, […]
Facebook reported its Q3 earnings today, including revenues of $21.5 billion, and net income of $7.8 billion. The company earned $2.71 in per-share profit during the three-month period. Analysts had expected Facebook, the social giant, to earn a much-smaller $1.91 per-share off smaller revenues of $19.82 billion. The company also reported an average of 1.82 […]
On Thursday, Apple delivered a Q4 earnings beat but the stock slid anyway as wary investors saw worse than expected iPhone revenues. At the time of writing, stock was down around 5% in after-hours trading. It was a mild beat, with Apple posting $64.7 billion compared to the $63.7 billion Wall Street was expecting and […]
Amazon has continued to reap the rewards of a society increasingly dependent on ecommerce — a trend further fueled by the COVID-19 pandemic. The company crushed analyst expectations Thursday, reporting net income of $6.3 billion in the third quarter, or $12.37 per diluted share, compared with $2.1 billion in net income, or $4.23 per diluted […]
Comcast’s latest earnings report includes some official user numbers for Peacock, the new streaming service from Comcast-owned NBCUniversal. Specifically, Comcast says that Peacock has received nearly 22 million sign-ups since it launched in July, and that it’s “exceeding our expectations on all engagement metrics in only a few months.” What’s not clear, however, is how […]
Today after the bell, Alphabet announced its Q3 performance. The Google parent company generated revenues of $46.2 billion and per-share profit of $16.40 off the back of net income of $11.2 billion. Analysts had expected Alphabet to earn $11.21 per share, from revenues of $42.88 billion according to Yahoo Finance; other estimates were larger, targeting […]
Google is testing a new feature that could improve discovery for Android apps on Google Play. The company confirmed it’s experimenting with a “Compare Apps” option that would allow Google Play users to quickly and more easily understand the slight differences between otherwise similar apps by comparing specific features and metrics — like star ratings […]
In 2019, only one Black woman was named partner in venture capital, according to All Raise, a nonprofit focused on accelerating female founders and investors. The data has shown, shows, and will continue to show how the tech industry fails to invest in underrepresented women of color. Thus, hiring the next generation of founders and […]
There’s an AR ghost on Google Search. There’s a dancing skeleton, set of creepy jack-o’-lanterns, and costumed cats and dogs, too. Ahead of Halloween weekend in the U.S., Google has launched a set of fun, augmented reality-powered features on Google Search which appear as an option when you search for specific Halloween terms using a […]
Stephen Milbank Contributor Share on Twitter Stephen Milbank is the co-founder and Head of Global Strategic Partnerships at Button, a mobile commerce technology company that is powering a commerce-driven internet. The COVID-19 pandemic has already dramatically reshaped how Americans shop, with e-commerce expected to grow 20% in 2020 as a greater proportion of users shift […]
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. A few notes before we get into this. One, we have a bonus episode coming this Saturday focused on this week’s earnings reports. And, second, we did not record video this week. So, if you […]
Y Combinator -backed employment platform 70 Million Jobs is launching a new social network geared toward helping formerly incarcerated individuals connect with each other. While 70 Million Jobs focuses on helping people with criminal records find jobs, Commissary Club wants to serve as a place for folks to find community. “Folks with [criminal] records have […]
NASA just made history by landing a spacecraft on an asteroid. If that kind of technical achievement carbonates your glass of Tang, join us on December 16-17 for TC Sessions: Space 2020, an event dedicated to early-stage space startups. We’ve launched early-bird pricing, and $125 buys you access to all live sessions, plus video on […]
Workplace SaaS tools for teams have seen rocket ship growth in the past several years, and that adoption has given rise to a host of software tools geared towards improving individual productivity. Many of the startups behind these tools see building a cult following among individual users as the best way to set themselves up […]
Despite e-commerce firms Amazon and Walmart and others pouring billions of dollars in India, offline retail still commands more than 95% of all sales in the world’s second largest internet market. The giants have acknowledged the strong hold neighborhood stores (mom and pop shops) have in the country, and in recent quarters scrambled for ways […]
If you miss hanging out with your coworkers but don’t want to spend a single second more on Zoom, the latest product from Donut might be the answer. The startup is launching its new Watercooler product today while also announcing that it has raised $12 million in total funding, led by Accel and with participation from […]
Atmos wants to make designing a house as simple as a single click. Well, that vision is now getting a double click from VCs. The company, which we profiled back in July, announced today that it raised another $4 million, this time from Evan Moore at Khosla Ventures, real estate strategic investors like David Gerster […]
The Wanderlust Group, a Rhode Island-based startup focused on building software for the boating world, announced that it has closed a $14.2 million Series B round of capital this week. The new funds were provided by Allen & Company and the Alaris family office. (Post updated to amend investor list after publication.) Wanderlust had raised […]
YC-backed Goodcover, the insurtech startup that looks to pass unused premiums back to the policyholder, is today announcing the close of a $7.5 million Series A funding round. The funding was led by Goodwater Capital, with participation from Fuel Capital, Broadhaven Ventures, Global Founders Capital, Liquid 2 and TransRe. Goodcover launched out of Y Combinator […]
Disruption favors the small startup, and the pandemic has most certainly been disruptive. So it’s no surprise that accelerators and incubators are pumping out new startups that are ready to tackle the problems of 2020. One such accelerator is the Entrepreneurs Roundtable Accelerator, which is graduating 11 new startups out of the program today with […]
