Uber, the popular ride-hailing startup, shared a grip of new financial metrics with Bloomberg today. The numbers indicate that the company is still growing at an impressive pace, and that despite staggering losses may be getting a handle on its cash burn. The company’s numbers have leaked in various quantities …
Read More »Theranos is offering investors Elizabeth Holmes’ shares if they promise not to sue
One way Theranos is hoping to stay afloat is by offering double the shares — including some of founder Elizabeth Holmes’ own shares — to investors if they promise not to sue. Theranos is knee-deep in an avalanche of lawsuits from investors and consumers of its blood-testing products after it …
Read More »Bing Ads shares Valentine’s Day CPC & CTR trends, including surprising mobile stats
Valentine’s Day is fast approaching, and Bing has released insights based on last year’s shopping behavior and advertising performance in the US to help inform marketers’ plans for this year. Just over half of US adults say they celebrate Valentine’s Day, and they continue to spend more, online in particular, according …
Read More »UniCredit shares soar on plan to raise billions
Image copyright Getty Images Shares in UniCredit have jumped almost 15% after Italy’s biggest bank said it would raise €13bn (£10.9bn) and cut 14,000 jobs to restore its fortunes. The bank plans to use the record rights issue to help remove almost €18bn of bad debt from its balance sheet …
Read More »FTSE 100 falls despite boost for oil shares
Image copyright Getty Images The London market slid despite shares in oil companies being boosted by a jump in oil prices. The FTSE 100 started the day higher, but by the close, the index was down 63.79 points at 6,890.42. The fall came despite oil majors BP and Royal Dutch …
Read More »Lockheed Martin shares suffer after Trump F-35 tweet
Image copyright Getty Images Shares in Lockheed Martin have fallen after President-elect Donald Trump said he would cut the cost of its F-35 Joint Strike Fighter after taking office. He tweeted: “F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and …
Read More »Pandora shares up 11% on acquisition report
Internet radio pioneer Pandora, saw its shares jump over 11% on Friday to $12.77, amid renewed acquisition speculation. A report from CNBC indicated that Pandora and SiriusXM are expected to discuss a possible purchase. The story cautions that there is “no assurance” that Pandora will reach a deal with SiriusXM …
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