Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years
In fintech, most companies burn cash chasing growth at any cost, but for us? … Carly Lippman : Almost four years in at Mercury and I'm still so proud of what we're building. Loved seeing our 2025 gro...
Filing: Clearview AI proposes settling a class action lawsuit by collectively giving a 23% stake, worth ~$52M, to Americans whose faces are in its database
https://arstechnica.com/... h/t @Nonya_Bidniss Evan Greer / @evangreer@mastodon.online : I spoke with the NYT about why giving people harmed a stake in Clearview AI is not a solution. — #FacialReco...
Intel reports Q1 revenue up 9% YoY to $12.72B, vs. $12.78B est., Data Center and AI up 5% to $3B, and Q2 revenue guidance below est.; INTC drops 10%+
The company reported a GAAP loss … Josh Lamb / Proactive : Intel sinks as guidance disappoints Tobias Mann / The Register : Intel excited by PC sales pop and GPU prospects, but investors aren't becaus...
Palantir reports Q4 revenue up 18% YoY to $509M, vs. $502M est., and its first ever quarter of positive net income on a GAAP basis, at $31M; PLTR jumps 10%+
Ashley Capoot / CNBC :
Asana reports Q4 revenue of $111.9M, up 64% YoY, GAAP net loss of $90M, up from $61.5M in Q4 2021, and 119K paying customers; stock down 15%+ after hours
Jeremy C. Owens / MarketWatch :
How corporate accountants are grappling with companies holding cryptocurrencies on their balance sheets, as official GAAP guidelines don't exist
A company holding such digital assets can — for the most part — only write down their value. It's unfair. Just look at those risky startup investments. Tweets: @matt_hougan Tweets: Matt Hougan / @ma...
Cloudflare, in its first earnings report after IPO, announces Q3 revenue growth of 48% YoY to $73.9M as GAAP loss increased to $40.9M from $38M in Q3 2018
Update: After rising in after-hours trading, shares of Cloudflare are down as we prep the Daily for publication.
Uber reports Q4 revenue of $3B, up 24% YoY, gross bookings of $14.2B, up 37% YoY, and adjusted EBITDA losses of $842M, up 88% YoY and 60% QoQ
last valued at $77 B, which is more than Goldman Sachs (!) — saw its revenue grow just 2.3% last quarter. That is not a great number for a ‘growth’ company that lost $3.3 billion last year https://www...
Twitter reports Q4 revenue of $909M, up 24% YoY, ad revenue of $791M, up 23% YoY, net income of $244M, and MAUs of 321M, down by 9M YoY; stock closes down 9%+
and it's a lot smaller than Snapchat's Lauren Feiner / CNBC : Twitter crashes 10% after it says expenses will rise sharply Twitter : Q4 and Fiscal Year 2018 Letter to Shareholders Andrew Hutchinson / ...
In an attempt to recreate its success from the '90s, IBM has bought Red Hat; it's not clear, though, that the company or the market are the same
IBM's Make or Break Deal for Red Hat Webrazzi : IBM makes the largest software purchase in history by paying 34 billion dollars to Red Hat Bloomberg : IBM's Rometty Stakes Legacy on Risky $33 Billion ...