For companies launched after 2012, raising larger seed rounds is correlated with higher chances of raising Series A financing, data show. In the current era of startup funding, “burn rates are high, startups are raising […]
Amazon (NASDAQ:AMZN) reported earnings of 52 cents per share, missing expectations of 78 cents per share, on revenues of $32.7 billion. While the 28.9% sales growth is impressive, it only came in-line with analysts’ expectations. […]
Ruth Porat – CFO Alphabet, Inc. Our revenue of $22.5 billion in the third quarter underscores the terrific performance of our businesses globally. For the quarter, our consolidated revenue grew 23% in constant currency versus […]
Turkey’s interest rates are on hold because its central bank cited weakness in the currency. The lira hit a record low against the US dollar as investor concern grows about political uncertainty and hints that […]
Canadian aerospace and train manufacturer Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) plans to deepen its job-cuts program, saying it will axe 7,500 positions, or 10% of its global workforce, over the next two years as it doubles down […]
China’s house-price index dropped to 4.3% in September from 9.2% in August amid attempts by central and local governments to dampen the red-hot sector with purchasing restrictions in a number of cities as fears mount […]
Pinterest is developing a media section called “Explore”; it will include video and multimedia content. The move opens up the opportunity for more video advertising on the site. Advertising Age (free-article access for SmartBrief readers) […]
Tesla has confirmed that effective immediately, Autopilot will be based on Nvidia hardware. Tesla also claims that the hardware will be sufficient to support fully autonomous operation in about two years. The switch from Mobileye […]
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