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IAC Beats Expectations With Q3 Revenue Of $838.6M
Oct 26, 8:57PM
IAC’s third-quarter earnings beat analyst expectations today with revenue of $838.6 million and earnings of $1.01. Analysts were expecting earnings of 78 cents per share on revenue of $806 million. Shares of IAC rose as much as 3.6 percent in extended trading following the report. The company’s overall revenue was up 7 percent from $782.2 million in the third quarter last year. Read MoreFirst Data Grows 5% In Its Q3, Showing Narrower Net Loss And Large Debt Costs
Oct 26, 8:50PM
Following the bell this afternoon, First Data reported its third-quarter financial performance, its first quarterly report since it recently went public. The company’s debut was generally regarded as a modest disappointment. Shares of First Data only recently managed to cross back over their IPO price. Read MoreThe Rise Of The Smartphone Means The End Of Mobile Wallets From Carriers And Banks
Oct 26, 8:00PM
A cycle starts when hype of a technology leads to big investments in that technology, which in turn creates more hype. Real-world use of the technology by customers can get lost in the cycle. Investors and vendors in the fintech industry have heaped plenty of hype on “mobile wallets” — products, often built by wireless carriers and banks, with a stored value of money accessed… Read MoreVinod Khosla Steps Off Square's Board In Advance Of Its IPO
Oct 26, 7:38PM
Vinod Khosla has stepped down as a director of the San Francisco-based payments company Square as it prepares to go public. Media outlets Business Insider and Forbes reported on the news earlier today, citing an amended SEC statement. Read MoreLyft Beats Uber To McCarran Airport In Las Vegas
Oct 26, 6:50PM
Lyft is now officially operating at McCarran Airport in Las Vegas, making it the first car-hailing service to do so. This comes about a week after the Clark County Commission said Lyft and Uber could begin the application process for temporary licenses at McCarran, and about a month after the Nevada Transportation Authority gave both Uber and Lyft permits to operate in the… Read MoreEtsy Launches A Same-Day Delivery Service For The Holidays, But It's Pricey
Oct 26, 6:24PM
Everyone wants to offer same-day delivery these days, and apparently, the artisan marketplace Etsy is no exception. Today, Etsy announced the debut of a new pilot program called Etsy ASAP, which allows Etsy shoppers on web and mobile the ability to request same-day and next-day deliveries from sellers in the New York City metro area, for an additional fee. Read MoreUpdated Square Financials Show Q3 Revenue Of $332.2M, $53.9M In Losses
Oct 26, 5:54PM
Square filed an updated filing with the Securities and Exchange Commission today that showed slowing revenue growth and a widening net loss in the third quarter this year. The company reported a net loss of about $54 million, with Starbucks transaction costs hitting about $41 million in the third quarter. It reported transaction revenue of about $281 million in the third quarter this year, and… Read MoreStock Trading Was Expensive And Ugly. Robinhood's App Makes It Free And Pretty
Oct 26, 5:48PM
Robinhood steals stock trading from rich guys in suits and gives it to normal people who couldn’t afford to pay $7 per transaction. The zero-fee stock trading app is bonafide hit. Less than a year after launch it has hundreds of thousands of users, over $1 billion in transactions, $66 million in funding, and an Apple Design Award. In fact, it’s the first finance app to win that award. Read MoreCraft & Rare Wants To Be Amazon Prime For Fine Liquors
Oct 26, 4:50PM
There are plenty of on-demand alcohol delivery services including fan favorites Drizly and Minibar. And on the other side of the spectrum, the market is loaded with subscription delivery services for wine and beer, like Club W and Craft Beer Club. But what about the weird stuff? The whiskey with snakes in it? The vodka made from dragon tears? Craft & Rare wants to fit into the mix by… Read MoreTwitter Unveils A New Set Of Brand-Centric Analytics
Oct 26, 4:08PM
Twitter is expanding its analytics product with the launch of what it’s calling the Twitter Brand Hub. Even though it’s a tool for Twitter advertisers, the Brand Hub seems less focused on specific ads or campaigns and more on the broader conversation around different brands and products — though of course that data could help businesses see where they need to boost their… Read MoreBessemer's Byron Deeter Talks Mobile Enterprise Apps: "Tens of Billions of Dollars" To Be Created
Oct 26, 3:42PM
Top SaaS investors have been saying for nearly a year that the next billion-dollar market opportunities are rooted in mobile enterprise apps – software for people who don’t sit behind a desk but do keep a smartphone in their pocket. Last month, we talked about the trend with Kevin Spain of Emergence Capital. More recently, we caught up with Byron Deeter of Bessemer Venture… Read MoreThe NFL's First Live-Streamed Game On Yahoo Attracted Over 15 Million Viewers
Oct 26, 3:17PM
Yahoo and the NFL this morning said that over 15 million people tuned into the first-ever global live stream of a regular season NFL game, hosted by Yahoo on Sunday, which featured a match-up Buffalo Bills and Jacksonville Jaguars. The event was fairly historic in nature, as it served as an initial step in the NFL’s plans to offer more of its games available via streaming services in… Read MoreHands On With Voyager, A Wi-Fi-Enabled Leather Travel Bag
Oct 26, 3:00PM
As someone who travels a lot, I’ve always struggled with finding the perfect bag. Anything with wheels is clunky, duffel bags always mix up my clothes and gadgets, and backpacks make me look like I’m still in middle school. Enter Voyager, a bag made by This is Ground, a handmade leather goods company based in downtown Los Angeles. Their bag is stylish like a briefcase, roomy like… Read MoreAre Banks Destined To Become The Next "Dumb Pipes"?
Oct 26, 3:00PM
It seems like there are a lot of folks in the popular media talking about the future of financial services these days. In particular, the growing competition banks face from a new crop of technology companies who are meticulously chipping away at their business by “unbundling” many of their bread-and-butter banking services. Read MoreDoppler Labs' Here Active Listening System Will Ship In December
Oct 26, 2:41PM
Back in June, Doppler Labs launched their second product on Kickstarter. The Here Active Listening system, created by cofounders Noah Kraft and Fritz Lanman, offered the world’s first audio AR experience by letting users control live sound with special effects and sliders for EQ levels. The plan was to create just 10,000 units of the first run, starting with a Kickstarter launch. But… Read MoreMore U.K. Spectrum Will Be Auctioned Next Year To Push Towards 5G
Oct 26, 1:55PM
U.K. telecoms regulator Ofcom has published details for a forthcoming spectrum auction, early next year, that will see bidders shelling out for the equivalent of around three-quarters of the spectrum released in the last major U.K. spectrum sale. Read MoreTwitter Partners With CBS News On Second Democratic Debate
Oct 26, 1:55PM
Hoping to capitalize on its position as a real-time source for news as well as a place to comment on live events, Twitter announced this morning it has partnered with CBS News for the upcoming Democratic presidential debate taking place on November 14. Twitter says it will provide CBS News with real-time data and insights from the event, as well as bring in live reactions and questions… Read MoreWestern Union Offers New Money Transfer Product For Social Media And Messaging Companies
Oct 26, 1:51PM
The Western Union Company, long the dominant player in the money transfer and remittance market, is taking the fight over its money moving empire to social networks as upstart companies look to eat into the company’s core business. Read MoreIs Dell-EMC The Canary In The Coal Mine For More Enterprise M&A?
Oct 26, 1:50PM
When Dell announced it was buying EMC earlier this month for $67 billion, it would have been easy to see the deal in isolation, but what if it were the first of many such deals? Could Oracle, for example, make a play for HP’s Enterprise business? One well-connected source tells us that even this may be possible. Consider that HP sold TippingPoint to Trend Micro for $300 million and… Read MoreQunar And Ctrip, China's Top Travel Booking Sites, Agree To Share Swap And Business Alliance
Oct 26, 1:40PM
China’s two largest travel booking giants Qunar and Ctrip are partnering up to end a long period of rivalry and courtship with a share swap. The deal follows two major mergers between competing tech companies in China this year (taxi app firms Didi Dache-Didi Kuaidi, and Yelp-like rivals Dianping-Meituan), although Qunar and Ctrip are entering into a business partnership not merging. Read MoreIf at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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