This success has seen Shopify to grow its monthly subscription revenue at a . During this period of tremendous growth Shopify has not reported a profit, ever.
Category: Business News
When India Killed the 1,000-Rupee Note, This Startup Hustled
The founder and chief executive of India’s largest digital payments company has barely slept and is nursing a head cold. Having just arrived at Paytm’s office, Vijay Shekhar Sharma discovers the coffee machine is broken.
Alibaba’s Ma Meets With Trump to Talk About Creating Jobs
Alibaba Group Holding Ltd. Chairman Jack Ma met with Donald Trump on Monday to discuss how the online retailer could help create 1 million new U.S. jobs, keying in on one of the president-elect’s chief concerns amid fraught relations between China and the incoming administration. The Chinese e-commerce giant said the positions would be generated through Alibaba adding 1 million small and medium-sized U.S. businesses to its platforms, estimating that each one will hire a new person as a result of the added commerce.
Secretive Biotech Unicorn Moderna Unveils Pipeline, Financials
Moderna Therapeutics Inc., one of the best-funded private biotechnology companies in the U.S., unveiled its long-secret research and development pipeline on Monday, including experimental vaccines, cancer treatments and a cardiovascular therapy. The Cambridge, Massachusetts-based startup has about $1.3 billion in cash on hand from investors, pharmaceutical partners and government grants, according to a presentation Monday at the J.P.Morgan Chase & Co.
1 Company Is Already Winning AI
The debut of the Graphics Processing Unit in 1999 provided gamers with faster, clearer, and more lifelike images. The GPU was designed to quickly perform complex mathematical calculations that were necessary to accelerate the creation of realistic graphics.
Jet.com Was Just the Start of Wal-Mart’s E-Commerce Acquisitions
Wal-Mart is kicking off the year with the acquisition of ShoeBuy.com, an online shoe retailer that competes with Amazon ‘s More telling are comments from Wal-Mart’s head of e-commerce, Marc Lore, who said Jet and Wal-Mart will likely pursue more acquisitions like ShoeBuy. In particular, he pointed to “categories where they are long-tail, high-margin products and harder-to-crack brands.”
Intel PC Chief Talks Average Selling Price Trends
It’s no secret that the personal computer market is shrinking. There are many common explanations about why it’s happening, but whatever the reasons, this is the reality that personal computer manufacturers, as well as their many component vendors, must cope with.
Four Ways To Earn Extra Money While Keeping (Or Preparing To Quit) Your Day Job
Imagine lying on a beach, sunlight hitting your face and sand between your toes. You grab your phone and check your bank balance to find that it’s increased $500 since sunrise.
US Trade Associations and ISPs Petition FCC to Reconsider New Privacy Rules
On January 3, several US trade associations and internet service providers submitted petitions requesting that the Federal Communications Commission reconsider its broadband privacy rules mandating consumer opt-in before using data for marketing purposes. Among those groups submitting petitions are the United States Telecom Association, NCTA – Internet and Television Association, Competitive Carriers Association, Association of National Advertisers, American Association of Advertising Agencies, American Advertising Federation, Data & Marketing Association, Interactive Advertising Bureau, and Network Advertising Initiative.
US Trade Associations and ISPs Petition FCC to Reconsider New Privacy Rules
On January 3, several US trade associations and internet service providers submitted petitions requesting that the Federal Communications Commission reconsider its broadband privacy rules mandating consumer opt-in before using data for marketing purposes. Among those groups submitting petitions are the United States Telecom Association, NCTA – Internet and Television Association, Competitive Carriers Association, Association of National Advertisers, American Association of Advertising Agencies, American Advertising Federation, Data & Marketing Association, Interactive Advertising Bureau, and Network Advertising Initiative.
Apple Bosses See Pay Drop in 2016 as CEO Reaps $145 Million
Apple Inc.’s top executives saw their compensation fall last year while Chief Executive Officer Tim Cook had his biggest payout yet from his record 2011 award. Cook’s five top lieutenants received about $22.8 million each for 2016, according to a proxy statement filed Friday.
Carlyle Said to Explore Sale of Vitamin Maker Nature’s Bounty
Carlyle Group LP is exploring a sale of nutritional-supplements maker Nature’s Bounty Co., whose brands include “MET-Rx” and “Pure Protein,” people with knowledge of the matter said. The private equity firm has held talks with potential advisers about selling the U.S. company, formerly known as NBTY Inc., according to the people.
Alibaba Sues Sellers of Fake Swarovski Watches in Crackdown
Alibaba Group Holding Ltd. sued two vendors it said used the company’s Taobao website to sell counterfeit Swarovski watches, just weeks after the site was labeled a haven for knockoffs by U.S. regulators. The lawsuit is the first legal action taken by an e-commerce site in China against sellers of counterfeit goods and Alibaba seeks 1.4 million yuan in damages, the company said Wednesday in a statement.
T-Mobile to simplify rate plan
At a press event here Thursday during the CES electronics show, John Legere, CEO of the self-proclaimed “Uncarrier,” announced the company will simplify its rate plans and the bills it sends out to customers. It also plans to reward customers who are frugal in their data usage by reducing their next month’s bills.
Apple says it had its biggest day in App Store history, with sales of …
An image provided by Apple of apps available on the company’s App Store. On Thursday, Apple said it sold $240 million in App Store purchases on New Year’s Day, making it the biggest day in App Store sales history.
Setting the Stage for CES 2017
Nearly 200,000 people are expected to make the pilgrimage to Las Vegas this week in order to attend the Consumer Electronics Show, one of the largest technology trade shows in the world. With thousands of exhibitors, companies, and executives gathered in one place, CES 2017 will set the stage for leading tech companies to unveil their newest products and innovations.
Amazon.com ‘Has Won the Distribution War’
Retail giant Amazon.com is a good buy right now if you can hold it for a year or two, says financial coach D.R. Barton. Macy’s announced on Wednesday the 68 stores it plans to close in 2017 and estimates it will lay off 6,200 workers.
Ford, Toyota Form Telematics Bloc to Stymie Google and Apple
Ford Motor Co. and Toyota Motor Corp. have formed a consortium with four medium-size automakers to speed development of auto-industry standards for in-vehicle apps, a step toward preventing Apple Inc. and Google from controlling how drivers connect smartphones to their cars and trucks.
NVIDIA Stock in 6 Charts
The stock’s scorching 225% total return in 2016 made it the best-performing stock in the S&P 500 for the year. You might be wondering if it’s too late to invest in NVIDIA.
5 Key Conclusions for United Parcel Service Investors From FedEx Corporation Earnings
Here’s a look at five things from the earnings presentation that give clues to what UPS will report in its next earnings. Both companies have had issues dealing with peak demand during Christmas, most notably with UPSin the winters of 2013 and 2014.
Market Sees Rise in Performance Anxiety
After some weak action to end 2016, market players were caught by surprise with a big gap-up open to start the new year. There was a little selling into the strength but then a very strong PMI report gave the bulls another reason to put money to work.
Four Out-Of-This-World Predictions For The Space Industry In 2017
Big things are happening in space travel and tech, with new startups mushrooming every day. Here are four trends to watch.
Robots Are Coming to Take Your Job
Throughout history technology has taken over jobs that people used to do. We no longer beat our laundry clean in the river or even wash our dishes by hand.
Nvidia Falls as Citron Research Says Stock – Belongs at $90′
Shares of graphics chipmaker Nvidia Corp. fell the most in almost month after an investment newsletter run by activist short seller Andrew Left said the stock “belongs at $90.” Nvidia has more than tripled this year to $117.32 at Tuesday’s close.
Does This Amazon Prime Offer Even Make Sense?
Prime membership programhas become something of the industry gold standard for retail loyalty programs. For $99 a year, members receive free two-day delivery on virtually everything they purchase on the site, including groceries, plus get access to movies, musics, e-books, and more.
Amazon Voted Best Stock for 2017 by Evercore
Amazon is Evercore’s top stock pick for the upcoming year, mainly due to its position in the data science field. Shares of Amazon were slightly higher in late morning trading on Wednesday, after Evercore named the company its top stock pick for 2017, in a note released earlier today.
China Invites Investors, Including Foreigners, Into Space Effort
China is looking to draw private investors, including those from outside the country, into its aerospace program to supplement funding from the government for commercial satellite launches. Investment is welcome for commercial rocket development, satellite research, manufacturing and for applying aerospace technologies to public welfare, Wu Yanhua, vice minister of China National Space Administration, said at a press briefing in Beijing on Tuesday.
SpaceX Mission Delay Could Cost NASA Hundreds of Millions of Dollars
Earlier this year, the National Aeronautics and Space Administration signed a contract hiring Russia’s Roscosmos to transport six American astronauts to the International Space Station for $81.7 million per head . The two-year contract was valued at $490 million — 15% more than the preceding contract.
Holiday Rush: FedEx Says Deliveries Running on Schedule
In this Jan. 5, 2016 photo, a FedEx truck drives past the skyline in San Francisco. Two giants, the U.S. government and FedEx, are set to do battle in a federal court over the explosive claim that the shipping company knowingly delivered illegal … prescription drugs such as Ambien from pill mills to dealers and addicts, some of whom fatally overdosed.
Holiday Rush: FedEx Says Deliveries Running on Schedule
In this Jan. 5, 2016 photo, a FedEx truck drives past the skyline in San Francisco. Two giants, the U.S. government and FedEx, are set to do battle in a federal court over the explosive claim that the shipping company knowingly delivered illegal … prescription drugs such as Ambien from pill mills to dealers and addicts, some of whom fatally overdosed.
FedEx Profit Disappoints as Ground-Delivery Spending Rises
FedEx Corp.’s second-quarter profit fell short of analysts’ estimates as the operator of the world’s biggest air-freight carrier boosted investment in a complementary business: ground delivery. Operating income fell 12 percent in the ground operation as spending on network expansion fueled a rise in costs, FedEx said in a statement Tuesday.
Up, Up And Away: For $75K, This (Beautiful) Balloon Will Take You Into Space
By 2018, World View may be offering mere mortals the chance to get a life-changing view of the Earth from space. Not many people have had this privilege.
3 Reasons AMD Stock Could Fall After Gaining 280% in 2016
The company is still unprofitable, but investors are betting that AMD is on the verge of a historic turnaround. Polaris, AMD’s mainstream-oriented GPU, launched earlier this year, producing growth in the company’s core business after a long streak of disappointing results.
Why Verint Systems Inc. Shares Are on the Decline Today
Verint Systems, which offers communication analyzing software and other cyber intelligence services, has seen its profit declining at a fairly drastic rate. The $0.13 loss this quarter follows a $0.12-per-share profit in Q3 2015.
Alibaba Targets Thailand With Latest International Expansion Push
Thailand’s Deputy Prime Minister Somkid Jatusripitak stopped by Alibaba’s headquarters in Hangzhou during a six-day trip to China and signed an agreement with Alibaba’s Executive Chairman and founder Jack Ma to cooperate on e-commerce initiatives. Alibaba will provide training to 30,000 small and medium-sized Thai enterprises and 10,000 Thai individuals in digital technology while also helping to enhance the supply chain and logistics capabilities in Thailand, the company said in a statement Thursday.