Meal kit commerce is having a rough time in late 2018, at least judging by recent news from Blue Apron, which is laying off employees as the company loses customers and struggles with lower average order values. Those problems reflect the industry’s general challenge of...
Ecosystems mean all parts are interrelated. In the Apple ecosystem, where Apple is the center, connecting any number of spokes — as Apple goes, so go its suppliers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Online lender Social Finance (SoFi) continues to struggle, recording an adjusted loss of around $12 million during the third quarter before interest, taxes, depreciation and amortization. The FinTech company has now recorded losses for the second consecutive quarter. In August, it posted a second quarter loss of about...
Yelp would seem to have an enviable place in the digital future. Take the emerging world of connected cars, where various players are competing to bring eCommerce and digital payments into vehicles. In early November, for instance, Buick said that drivers of its cars can now...
MoneyGram shares sank as much as 25 percent during intraday trading on Friday (November 9), as the company reported results that reflected the impact of new compliance rules to stop fraudulent transactions, which has hurt top line momentum — and which will continue. Get the...
Bottomline Technologies posted fiscal first quarter results that showed subscription and transaction revenue growth of double digits as management pointed to opportunities and gains in the B2B payments space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Square's gross payment volumes surged 29 percent year over year and larger sellers, at volumes $125K and above, were a larger percent of the mix — and lending increased by double digits. Oh, and not surprisingly, there were even some bitcoin-related revenues.
Class action settlements are in the rearview mirror, and September quarter results topped the Street. LendingClub pointed to double digit loan originations and margin expansion -- spurred by rising rates that management termed a "dynamic" operating environment that provide further tailwinds to quarterly results.
OnDeck Capital said in its third-quarter results that loan origination volume jumped double digits year over year and sequentially, where the volume of $648 million was up 22 percent from the 2017 third quarter and up 10 percent from the second quarter of this year....
