Carvana’s big rally is now looking more like a blip on the radar. Shares in the online-car retailer soared Thursday, closing up by 56% from the prior day on news that it expected to post $50 million worth of adjusted EBITDA in the current quarter, powered by stronger per-car sales profitability. For Carvana, the gains […]
Carvana crashes back down to earth by Harri Weber originally published on TechCrunch
Consolidation continues apace in the world of fintech. FIS, the fintech giant that runs a wide range of payment, banking and investment services, has acquired Bond, a startup that specializes in embedded finance, multiple sources confirmed today. Fintech Business Weekly’s Jason Mikula broke the news last week that the deal was in the works. Our […]
FIS acquires banking-as-a-service startup Bond by Ingrid Lunden originally published on TechCrunch
Blue Microphones was ahead of the game. The first Snowball was released all the way back in 2005, as the company was celebrating its 10th birthday. Within a few years, the USB mics were everywhere. They were effectively synonymous with the nascent world of amateur podcasting and became a go-to for first-time content creators uploading […]
Blue owned the consumer podcast mic market – now the brand is being phased out by Brian Heater originally published on TechCrunch
A man on a dating app is telling me how much we have in common – we both love books, music and traveling. He even writes poetry, and he’d love to share some poems with me. Could be a red flag, but sure, why not? I ask to see his work, and he replies: “[Title […]
Teaser’s AI dating app turns you into a chatbot by Amanda Silberling originally published on TechCrunch
Founders must understand which kind of VC investor they’re dealing with to have the best shot at closing a funding round.
Four venture capital personas (and how to land them) by Walter Thompson originally published on TechCrunch
Digital mortgage lender Better.com is exiting the real estate business. The struggling fintech startup laid off its real estate team on June 7, multiple sources confirmed to TechCrunch. The company is said to be shifting from an in-house agent model to a partnership agent model. One person who was impacted by the move told TechCrunch […]
Better.com lays off real estate team and shutters business unit by Mary Ann Azevedo originally published on TechCrunch
Tesla faces a difficult choice: spend big to maintain the Supercharger network’s high level of service or “optimize” the network for higher revenue.
Tesla’s Supercharger network will strain under the weight of GM and Ford deals by Tim De Chant originally published on TechCrunch
Despite the negative responses from consumers about Netflix’s password-sharing rules, the company appears to be successful with its plan. According to a new report from research firm Antenna, Netflix gained nearly 100,000 daily sign-ups on May 26 and May 27, just days after the streaming giant announced to its U.S. subscribers that it had begun […]
Netflix sees jump in subs as it begins to curb password sharing in US, says report by Lauren Forristal originally published on TechCrunch