Alex Wilhelm
While rapidly rising interest rates in the United States have caused more than a few financial institutions to topple, a group of well-known fintech companies are posting signs of a comeback.
Both Coinbase and Robinhood reported better-than-anticipated revenue in the first quarter. This is welcome news for the backers...
PayPal's woes indicate the market doesn't mind kicking fintech while it's down
PayPal’s shares are off around 11% this morning despite the company reporting better-than-expected revenue and profit in the first quarter. The company also raised its forecast for the year, though that was apparently not enough to sate...
I know that TechCrunch is not a publication that talks about labor issues at length. But it turns out that much of the recent discourse in tech is giving rise questions that land outside the core remit of technology itself. Just as geopolitics is increasingly a technology story,...
Today after the bell, Coinbase reported its Q1 2023 financial results, handily beating expectations. In the first three months of the year, the U.S. cryptocurrency exchange generated net revenues of $736 million, a $79 million net loss and adjusted EBITDA of $284 million.
Analysts had expected a far slimmer...
Enterprise software companies aren’t wasting any time integrating generative AI into their products. Despite the relatively recent explosion in interest around large language models built by companies like OpenAI and Anthropic, tech companies big and small are charging into baking the technology into their products and services.
You’ve seen...
It is tempting to assume that the ride-hailing model is going the way of moribund businesses, especially in the wake of Lyft’s well-publicized layoffs and executive turnover. But Uber’s earnings results for the first quarter partially dispel those concerns.
Uber not only beat analysts’ expectations across the board, it...
I would give a LEG to see ARM break the IPO logjam
British semiconductor giant Arm is heading back to the public markets after more than five years of private life. Even better, the company’s note announcing that it filed privately to go public — a draft F-1 listing,...
Shares of First Republic Bank plunged by nearly 50% Friday, ratcheting pressure on the troubled bank and adding to its mounting market-confidence woes.
As of noon ET, the stock was trading at $3.72, down 40% from Thursday’s close of $6.19, after having dropped as low a $3 at one...
Or: Big tech companies are more cloud-dependent than you thought
It’s earnings season, that time of the quarter when we get to judge how well public tech firms are fulfilling all the lofty promises they’ve been making. So far this week, we’ve heard from Microsoft and Alphabet (Google) and...
It’s been more than a decade since I first starting covering Bitcoin, and I feel like I’ve seen the ups and downs of crypto. From the Mt. Gox days through the ICO boom and the later NFT cycle, it’s been a fascinating ride: The web3 world that Bitcoin...
