As expected, the Ant Group initial public offering (IPO) suspension was a factor in Alibaba’s earnings announced Thursday morning (Nov. 5), as China’s largest eCommerce company posted a solid revenue increase but took a hit in profits. Get the Full Story Complete the form to...
LendingClub, the country’s top provider of personal loans, said in earnings results Wednesday (Nov. 4) that demand for borrowing snapped back 80 percent in the third quarter, while the performance of its pre-pandemic portfolio continued to be resilient. Get the Full Story Complete the form...
Regardless of what happens as Alibaba’s earnings are announced Thursday, one story will hang over the proceedings. Alibaba Co-founder Jack Ma is also the founder of Ant Group. Anyone not living in a cave will know that Ant had its IPO suspended by the Chinese...
Upwork reported on Wednesday (Nov. 4) as part of its earnings results that gross services volume (GSV) surged 23 percent year over year to $654.5 million as customers flocked to its freelancing platform. The firm also reported a 13.6 percent marketplace take rate — which...
Uber is set to report third-quarter earnings Thursday (Nov. 5) just as the company’s stock is soaring on the election victory of Proposition 22, a California referendum to exempt ridesharing companies from the state’s AB 5 gig worker law. Get the Full Story Complete the...
Cash App. Bitcoin. And, oh yes, gross dollar volumes — and some insight into how small businesses are faring amid the great digital shift, and in brick-and-mortar locations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Meal kit delivery company HelloFresh doubled its orders in the third quarter and reached an all-time high of 5 million customers combined between the U.S. and the rest of the world, the company said in a Tuesday (Nov. 3) press release. Get the Full Story Complete the...
It was another quarter of record-breaking results for PayPal, which saw both record transactions and new customer enrollments in Q3. Total payment volume rose 36 percent to $247 billion, beating analyst estimates for $232 billion. PayPal is now reporting a run rate of approximately $1...
Snack food giant Mondelēz International reported on Monday (Nov. 2) as part of its third quarter earnings results that net revenues grew by 4.9 percent, fueled by 4.4 percent in organic net revenue growth. The company cited good sales of its cookies and chocolates amid...
