Pandora tumbled almost 9% on the stock market Wednesday. And then it bounced back over 6% after the day ended.
The music streaming business, which has had a terrible past year on the stock market, surprised investors when it revealed a 63% rise in subscription revenue, totaling $97.7 million. Subscribers also jumped 25%, to 5.48 million.
Overall revenue was $395 million, beating Wall… Read More
22
Feb
2018
Pandora’s improving financials help it recover from a bad day
Pandora tumbled almost 9% on the stock market Wednesday. And then it bounced back over 6% after the day ended.
The music streaming business, which has had a terrible past year on the stock market, surprised investors when it revealed a 63% rise in subscription revenue, totaling $97.7 million. Subscribers also jumped 25%, to 5.48 million.
Overall revenue was $395 million, beating Wall… Read More
ParkBee, a Netherlands-founded startup that lets private car parks monetize underutilized spaces by making them bookable to the public, has picked up €5 million in new funding
The U.S. Securities and Exchange Commission issued new guidance calling on public companies to be more forthcoming when disclosing cybersecurity risks, even before a breach or attack happens. The statement, which expands on previous guidance issued in 2011, also warns that corporate insiders must not trade shares when they have information about cybersecurity issues that isn’t public yet.
Capillary Technologies, an India-based startup that helps e-commerce businesses manage their marketing and customer engagement, has pulled in $20 million in fresh funding from existing investors Warburg Pincus and Sequoia. The company said it plans to use the capital to develop its products and R&D, including a new focus on the fast-moving consumer goods (FMCG) space where it works…
Following a slowdown in e-commerce sales over the holidays, Walmart today is readying a new strategy to attract online shoppers with an increased focus on home goods. The retailer is now launching a redesigned Home shopping experience on the web which will better highlight home products, like furniture, accessories, and other decorative items. The new site’s home page will feature…
Intel has announced that the fix is out for its latest chips affected by Spectre, the memory-leakage flaw affecting practically all computing hardware. The patch is for the Skylake generation (late 2015) and newer, though most users will still have to wait for the code to be implemented by whoever manufactured their computer (specifically, their motherboard).
8-balls have been known to hold some disappointing, trivial answers to teenage life’s hardest questions, but one LA startup is hoping to find success in them. Hear360 has just begun shipping pre-orders of 8ball, a souped-up binaural 360 microphone rig geared towards professionals that are all about experimenting in new immersive mediums. The 8ball is an “omni-binaural”…
Investors don’t want their portfolio companies to pay you too much, or too little. So they pay Advanced-HR for its compensation data pulled from 2,500 startups. With a generic name, the service has flown somewhat under the radar since launching 20 years ago.
As startups grow more professional while staying private longer, they’re getting serious about how they structure equity…
KitSplit, which operates a peer-to-peer marketplace for creative equipment, is announcing that it’s raised $2.1 million in seed funding. The equipment available for rental can include cameras, lights and lenses, but also VR gear and drones. Renters get access to this equipment for a lower price, while the equipment owners get to make some extra money from equipment when they’re…
Ford today announced the departure of the Raj Nair, Ford’s President of North America and former executive vice president, Product Development, and chief technical officer. According to a press release, he is leaving the company following a recent internal investigation that found certain behavior by Nair was “inconsistent with the company’s code of conduct.” Nair worked…