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Rakuten Dumps $1.4B In Tech Holdings, Including Pinterest Stake
Rakuten Dumps $1.4B In Tech Holdings, Including Pinterest Stake
February 16, 2020  |  Investments

Rakuten, the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. The shares were from...

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Bezos Unloads Nearly $4.1B In Amazon Stock As Part Of Trading Plan
Bezos Unloads Nearly $4.1B In Amazon Stock As Part Of Trading Plan
February 12, 2020  |  Investments

Jeff Bezos, CEO of Amazon, has sold off $4.1 billion in shares of his own company in the last 11 days as part of a...

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Lyft Q4 Revenue Tops $1B, Ridership Up 23 Pct
Lyft Q4 Revenue Tops $1B, Ridership Up 23 Pct
February 12, 2020  |  Earnings

As Lyft drove innovation with enhancements to the technology that powers its platform, the ride-hailing company reported that its active riders grew 23 percent year over year to...

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Up For Sale: 6.25M Uber Shares Through Morgan Stanley
Up For Sale: 6.25M Uber Shares Through Morgan Stanley
February 11, 2020  |  Investments

Morgan Stanley wants to let people buy up Uber shares, according to people familiar with the subject, as they’re lining up buyers who will commit...

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Billionaire Investor Peter Thiel Reduces His Facebook Shares To $2M
Billionaire Investor Peter Thiel Reduces His Facebook Shares To $2M
February 10, 2020  |  Facebook

Early Facebook investor Peter Thiel once had 45 million shares in social media company Facebook, but he recently let go of most of them, and...

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Holiday Spending Drives Pinterest’s Revenue Over $1B
Holiday Spending Drives Pinterest’s Revenue Over $1B
February 07, 2020  |  Retail

As Pinterest wagered on eCommerce, the social media platform’s revenue surpassed the $1 billion threshold last year. Pinterest foresees revenue clocking in at roughly $1.52...

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Casper IPO Ends Bumpy Debut At 13 Pct Above Asking Price
Casper IPO Ends Bumpy Debut At 13 Pct Above Asking Price
February 06, 2020  |  Investments

When mattress company Casper debuted its shares in an initial public offering (IPO) on Thursday (Feb. 6), they rose to a nearly 13 percent above...

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Analytics Co RELX Buys Anti-Fraud Startup Emailage For $480M
Analytics Co RELX Buys Anti-Fraud Startup Emailage For $480M
February 05, 2020  |  Partnerships / Acquisitions

RELX will acquire Arizona-based Emailage for $480 million in the former’s push to establish a footprint in the fraud prevention market, according to Financial Times...

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PayPal Hits 305M Active Users In Q4, Cautions Future Economic Uncertainty
PayPal Hits 305M Active Users In Q4, Cautions Future Economic Uncertainty
January 30, 2020  |  Earnings

PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total...

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