profits

eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff

eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff
eScooter Startup Lime Exits 12 Markets, Fires 14 Pct. Of Staff
January 10, 2020  |  Gig Economy

Lime is striving to reach profitability in 2020 and is laying off about 14 percent of its workforce — roughly 100 people — and ceasing...

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Revenues Grow While Profits Flat For Over Half Of US SMBs
Revenues Grow While Profits Flat For Over Half Of US SMBs
January 06, 2020  |  SMBs

More than half of U.S. small businesses (SMBs) — 57 percent — reported revenue growth in 2018, although profits remained the same as in 2017,...

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Bolt CEO: Ride-Hailing Firm Nearing Profitability In Most Markets
Bolt CEO: Ride-Hailing Firm Nearing Profitability In Most Markets
December 03, 2019  |  Ridesharing

The CEO of Bolt, an Estonian-based ride-hailing company, said his company is beginning to see profitability in most of the markets in which it operates,...

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Silicon Valley Braces As VCs Pump The Brakes
Silicon Valley Braces As VCs Pump The Brakes
November 27, 2019  |  Investments

Profits are being pushed over progress as Silicon Valley investors start reeling in the billions that startups have come to expect, The Wall Street Journal...

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WeWork’s IPO Flop Triggers Tech Startup Scrutiny By Investors
WeWork’s IPO Flop Triggers Tech Startup Scrutiny By Investors
November 08, 2019  |  Investments

Following WeWork’s IPO debacle, investors want tech startups to prove profitability before seeking funds and going public, CNBC reported on Friday (Nov. 8). Get the...

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Moody’s Predicts Difficult Retail Landscape, Lowers Profit Forecast
Moody’s Predicts Difficult Retail Landscape, Lowers Profit Forecast
November 01, 2019  |  Retail

A new report by Moody’s Investors Service predicts that growth for retailers will slow due to the costs of integrating eCommerce with brick-and-mortar operations as...

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HSBC Announces U.S., U.K. Restructuring Amid Q3 Losses
HSBC Announces U.S., U.K. Restructuring Amid Q3 Losses
October 28, 2019  |  B2B Payments

Losses at some HSBC businesses are causing the bank — Europe’s largest — to restructure, CNBC reported Monday (Oct. 28). Get the Full Story Complete...

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Comcast Gains 379K High-Speed Internet Subscribers In Q3
Comcast Gains 379K High-Speed Internet Subscribers In Q3
October 24, 2019  |  Retail

With additions to its internet subscribers but a loss in video users, Comcast Corp. came out ahead of Wall Street estimates for third-quarter profits. The firm took...

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