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Twitter lowers revenue projection in the face of advertising drop due to coronavirus

Twitter lowers revenue projection in the face of advertising drop due to coronavirus Despite predicting that it will temporarily return to losses, the platform registered a 23% increase in the number of active daily users since the year began. Twitter was...

The good SaaS times will end and challenges are coming

Ed Byrne Contributor Share on Twitter Ed Byrne is an entrepreneur, investor and co-founder of Scaleworks. More posts by this contributor How acquirers look at your company Working backwards to uncover key success factors We’ve had a great decade-long run in SaaS — abundant capital, a...

Slack shares plummet 20% after its growth forecast fails to excite investors

Today after the bell, Slack, a popular workplace communication product, reported its FQ4 2020 earnings, the three-month period ending January 31 2020. The company’s results came in ahead of expectations. However, its shares have rapidly lost altitude in...

SaaS companies flirt with correction territory as another wild week comes to a close

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Stocks are set to fall further today, likely forcing shares in SaaS and cloud companies down yet again. After two...

5G is now live in 24 markets, GSMA predicts it’ll be 20% of global connections by 2025 — and eyes a big tech break-up

The next-gen flavor of mobile connectivity, 5G, is now live in 24 markets globally, per global mobile industry association the GSMA — which has just published its annual state of the global mobile economy report. The cutting edge network...

Travel firms pull TV ads over coronavirus outbreak

ITV has warned that its advertising revenues are being hit by the outbreak of coronavirus as travel companies pull their ads from TV. The broadcaster said it has already felt the pinch in March, and is expecting a 10% drop...

Despite earnings beat and upbeat forecast, Zoom shares fall after reporting Q4 results

Today after the bell, Zoom reported its Q4 earnings. The company’s recorded revenue of $188.3 million and its adjusted per-share profit of $0.15 were ahead of expectations, including $176.55 million in revenue and earnings per share of $0.07, according...

Netlify nabs $53M Series C as micro services approach to web development grows

Netlify, the startup that wants to kill the web server and change the way developers build websites, announced a $53 million Series C today. EQT Ventures Fund led the round with contributions from existing investors Andreessen Horowitz and Kleiner...

How Stack Overflow’s new CEO plans to kickstart enterprise growth

Stack Overflow has long been the Q&A site of choice for developers. But while that’s what most people know the company for, it has also built out a jobs site and Teams, its private Q&A service for enterprise clients,...

New York’s BounceX reaches $100M ARR, rebrands

Welcome to the $100 million ARR club, BounceX. This morning (evening, timezone depending), BounceX, a New York-based marketing technology startup, announced that it has reached the $100 million annual recurring revenue (ARR) threshold, adding its name to our running...
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Shorts, the bet of Youtube to end the success of TikTok

Shorts, the bet of Youtube to end the success of TikTok TikTok is one of...
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Mexican scientists develop microchip for quick and cheap tests of coronavirus

The device created by Mexicans would determine in less than an hour whether or not someone is infected with Covid-19. Mexican scientists disclosed that they...

Identify page offering fake Netflix memberships for quarantine

Users were forced to enter a league that supposedly gave free access to the platform's catalog The quarantine It has been quite difficult for thousands...

Google Play prepares to offer ‘free’ movies and series

Google Play Movies & TV could make a wide catalog of movies, series and television shows available to the public on one condition. Google wants...

South Korea exceeds 10,000 infected, with 60% already cured

The Asian country, which became the second most affected by the virus, has managed to implement a program that combines mass testing of those...