Pacvue co-founders Zhaohui Tang, chairman, and Melissa Burdick, president. (Pacvue Photos) A huge exit doesn’t always require venture capital money. That’s what Pacvue just demonstrated. Los Angeles-based e-commerce software company Assembly announced today that it acquired Pacvue, a Seattle startup that sells similar B2B e-commerce tools. Terms were not disclosed, but dot.la pegged the purchase price
Shoppers who are part of the Supplemental Nutrition Assistance Program are feeling new pressure to stretch their dollars because of rising food prices and dwindling bank accounts. As the pandemic-fueled stimulus expires, consumer packaged goods companies will lose out on about $3 billion of sales from SNAP shoppers each month, according to research that IRI
Major League Baseball is about to complete its first full season of the new decade, but labor issues are once again threatening its future. The Atlanta Braves and Houston Astros will face off in the 2021 World Series, which starts Tuesday after a rollercoaster year for the league. Among the challenges facing the league are
AMD reported third quarter earnings after the bell on Tuesday. AMD has benefitted from a surge in electronics sales as its central processors and graphics processors power PCs, servers, and game consoles. AMD earnings and revenue beat analyst expectations, and the company issued a strong forecast for the fourth quarter. Bridget Bennett | Bloomberg |
Check out the companies making headlines in after hours trading: Robinhood — Shares of the stock-trading app declined more than 9% during extended trading after the company’s third-quarter revenue missed expectations amid a slowdown in cryptocurrency trading. The company reported net revenue of $365 million, short of the $432 million analysts surveyed by Refinitiv were
The Biden administration is hopeful new fines imposed on carriers at the nation’s busiest port complex will ease the intensifying logjam of cargo ships. The twin ports of Los Angeles and Long Beach will charge carriers $100 per day for each container lingering past a given timeline starting Nov. 1. The nation’s knotted supply chain
A key FDA advisory committee on Tuesday recommended a lower dose of Pfizer and BioNTech’s Covid-19 vaccine for children ages 5 to 11. The vote was nearly unanimous with 17 backing it and one abstention. The endorsement was a critical step in getting some 28 million more kids in the U.S. protected against the virus as the
Is using slang in a business environment acceptable or objectionable? To uncover thoughts about the use of slang in business, Preply, the online educational platform that pair students with tutors remotely, carried out some comprehensive research. To find out how Americans feel about using decidedly unprofessional language in a work setting, Preply surveyed almost 2,000
AMD reported third quarter earnings after the bell on Tuesday. AMD has benefitted from a surge in electronics sales as its central processors and graphics processors power PCs, servers, and game consoles. AMD earnings and revenue beating analyst expectations, and the company issued a strong forecast for the fourth quarter. Bridget Bennett | Bloomberg |
Is using slang in a business environment acceptable or objectionable? To uncover thoughts about the use of slang in business, Preply, the online educational platform that pair students with tutors remotely, carried out some comprehensive research. To find out how Americans feel about using decidedly unprofessional language in a work setting, Preply surveyed almost 2,000
Halloween is just around the corner and what better way to add to the festive season by letting your clients know that you are thinking of them. Sending out festive messages to your clients is not only a way of wishing them well for the holidays, but it is also a way of maintaining good
Microsoft CEO Satya Nadella. (GeekWire File Photo / Kevin Lisota) Microsoft posted quarterly revenue of $45.3 billion, up 22%, beating Wall Street’s expectations, driven by continued strength in its cloud business. Profits for the quarter ended Sept. 30 were $20.5 billion, up 48%, with earnings per share of $2.71, significantly topping expectations on the bottom
Twitter reported revenue growth of 37% in the third quarter to $1.284 billion. The company said Apple’s privacy changes to iOS 14 had less of an impact than expected. Twitter said fourth-quarter revenue will be $1.5 billion to $1.6 billion, while analysts were predicting sales for the quarter of $1.58 billion. Twitter’s stock price was
Microsoft shares were relatively unchanged in extended trading on Tuesday after the software and hardware maker reported fiscal first-quarter earnings that exceeded analysts’ estimates. Here’s how the company did: Earnings: $2.27 per share, adjusted. Revenue: $45.32 billion, vs. $43.97 billion as expected by analysts, according to Refinitiv. Total company revenue climbed 22% year over year,
Halloween is just around the corner and what better way to add to the festive season by letting your clients know that you are thinking of them. Sending out festive messages to your clients is not only a way of wishing them well for the holidays, but it is also a way of maintaining good
Felicia Bochicchio (left) and Rick Perreault. (Unbounce Photo) — Vancouver, B.C.-based landing page builder Unbounce announced Felicia Bochicchio as its new CEO. She was most recently the company’s president and previously chief revenue officer. Bochicchio succeeds co-founder Rick Perreault who will become executive chair of the board. After being diagnosed with cancer, Perreault took a
Halloween is just around the corner and what better way to add to the festive season by letting your clients know that you are thinking of them. Sending out festive messages to your clients is not only a way of wishing them well for the holidays, but it is also a way of maintaining good
Halloween is just around the corner and what better way to add to the festive season by letting your clients know that you are thinking of them. Sending out festive messages to your clients is not only a way of wishing them well for the holidays, but it is also a way of maintaining good
Sequoia Capital is creating a new structure so that all its investments will roll up into a single fund called the Sequoia Fund. “For Sequoia, the 10-year fund cycle has become obsolete,” the Silicon Valley firm wrote in a blog post. By eliminating timelines for returning capital to outside investors, Sequoia says it can hold
Legendary Entertainment and Warner Bros. have greenlit a sequel to “Dune.” Denis Villeneuve’s adaption of Frank Herbert’s novel tallied $41 million at the domestic box office over the weekend. Globally, the film hauled in $220 million. The film was also made available on HBO Max at the same time. Denis Villeneuve will get the chance
Both General Motors and Ford Motor are expected to report solid third-quarter earnings Wednesday despite an ongoing global disruption of supply chains. Both of the Detroit automakers have managed as well as they could during the disruptions, allowing them to raise their earnings expectations for the year on record vehicle pricing and profits. DETROIT –
If you buy something through our links, we may earn money from our affiliate partners. Learn more. “What are you doing in Frank’s office,” I ask Bob who is staring at the overhead light fixture. Startled, he quickly looks down. I continue to tease him, “What is this? A meditation room? What are you doing?”
Kim Wyman. (Washington Secretary of State Photo) The Biden administration has tapped Washington Secretary of State Kim Wyman to lead a national effort to curb foreign and domestic election interference. Wyman, Washington’s sole GOP statewide officeholder, will be the top official within the Department Homeland Security’s Cybersecurity and Infrastructure Security Agency. In the 2020 election
Sequoia Capital is creating a new structure so that all of its investments will roll up into a single fund called the Sequoia Fund. “For Sequoia, the 10-year fund cycle has become obsolete,” the Silicon Valley firm wrote in a blog post. By eliminating timelines for returning capital to outside investors, Sequoia says it can
Horseshoe Capital founder Atul Ajoy is a 2020 Redmond High School graduate currently attending USC. Atul Ajoy founded his own startup as a teenager. So it only makes sense that he would be running his own venture capital firm at age 20. His new firm, Horsehoe Capital, is focusing on early stage startups in cryptocurrency,
Is using slang in a business environment acceptable or objectionable? To uncover thoughts about the use of slang in business, Preply, the online educational platform that pair students with tutors remotely, carried out some comprehensive research. To find out how Americans feel about using decidedly unprofessional language in a work setting, Preply surveyed almost 2,000
Business Warrior has announced it is offering $5 million to small business owners that are having a hard time getting loans from traditional banks. The company will provide loans from $5,000 to $50,000 without the exorbitant rates cash advance companies charge. Company Offering $5 Million in Small Business Loans One of the challenges small business
In this article DOGE.CM= Jay Clayton speaking at the 2019 Delivering Alpha conference in New York. Adam Jeffery | CNBC Social media frenzies have encouraged retail investors to jump into meme stocks and certain cryptocurrencies, pushing up prices beyond fundamental values. The influence is likely to stay, according to former Securities and Exchange chairman Jay
Eric Glyman and Karim Atiyeh, cofounders of corporate card startup Ramp Corporate charge card start-up Ramp is going after publicly-traded competitor Bill.com with a free invoice management and payments platform, CNBC has learned. The start-up has grown rapidly this year by offering small and medium-sized businesses a cash back card paired with software that identifies
Over the summer, a group of “crypto fans” pooled their money in order to collectively make a seven-figure investment: The group secretly bought the sole existing copy of the album “Once Upon a Time in Shaolin” by the Wu-Tang Clan for a whopping $4 million. But it wasn’t until Wednesday that the group, an organization
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