Finance

Uber’s financials show company is still growing, despite the drama

 Uber’s past six months have been tumultuous, with lawsuits and allegations of harassment. The company doesn’t even have a CEO right now, but newly released financials suggest that most users don’t care. First reported by Axios, Uber has confirmed to us that Uber’s $8.7 billion in gross bookings were up 17 percent in the second quarter. Global trips increased 150… Read More

Salesforce slides past its $10B annual run rate target

 Salesforce reported its second-quarter earnings today, saying it brought in $2.56 billion in revenue on earnings of 33 cents per share. This is a beat on both fronts, but the stock dipped slightly in extended trading after seeing a rather stunnin...

Why Big Business Is Racing to Build Blockchains

Everyone from Walmart to Wall Street is betting on the tech behind Bitcoin and Ethereum.

Geoff Lewis has left Founders Fund to start his own fund

 Geoff Lewis has left Founders Fund, where he was partner, and is starting a venture fund of his own. This means he’ll no longer be working with Peter Thiel, directly anyway. Founders Fund will be one of his LPs. The news was first reported by Bloomberg, which said that he intends to raise more than $100 million for the new fund. We understand that the exact amount has not been… Read More

Google needs to pay Apple a small fortune to remain the default search engine on iOS

 Apple and Google could be the biggest frenemies in tech. While they both compete like there’s no tomorrow, they also partner on some very specific deals. For instance, Google is paying a ton of money to remain the default search engine on iOS. As CNBC first reported, according to a Bernstein analyst, Google could pay as much as $3 billion a year just to remain the default option in… Read More

Teenage bitcoin millionaire is back with a better Botangle

 Erik Finman gained notoriety and a certain fame as a 14-year-old entrepreneur and bitcoin investor who’d managed to turn a $1,000 investment in the cryptocurrency into more than a million dollars and a chance to never see the inside of a college institution. Now, several years after its sale, Finman is buying back his original startup: Botangle. Read More

Bitcoin Surged to a New High Adding $17 Billion in Just Over a Week

The cryptocurrency price hit a record $4,500 early Thursday.