Alibaba Misses Revenue Expectations, Stock Getting Crushed

Alibaba's stock is getting crushed, reaching a all-time low after posting disappointing quarterly earnings before the opening bell on Wednesday. The e-commerce company earned $3.16 billion during the first quarter, missing estimates which were pegged at $3.28 billion. Another concern which has investors worried is the growth slump for the total value of goods sold (Gross Merchandise Volume) which at…

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Stripe Valued at $5B After New Funding Round

Stripe has raised a new funding round, giving the payment processing company a $5 billion valuation. The amount raised was less than $100 million. Funding partners included Visa, American Express and Sequoia Capital. Stripe has also recently announced a new partnership with Visa, with the goal to improve security for digital transactions and helping them with expansion. “As Stripe thinks about…

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Elio Motors Sets Equity Crowdfunding Record

Elio Motors today announced that one month after launching its campaign, the company has received non-binding indications of interest valued over $25MM through leading equity crowdfunding platform StartEngine. Elio will continue to take additional expressions of interest via the StartEngine crowdfunding initiative, beyond today’s $25MM milestone. Capital raised will help fund the 2016 launch of its three-wheel, enclosed vehicle that…

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Colin Cowherd Leaving ESPN

After parting ways with Keith Olbermann and Bill Simmons, ESPN is losing another high profile personality. Colin Cowherd, host of "The Herd" on ESPN Radio will be leaving the network after failing to come to terms with the sports network. "We've enjoyed a mutually beneficial run with Colin for over a decade. He came to national prominence on ESPN with his…

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Gigaom.com Acquired by Knowingly

Knowingly Corp, an Austin-based Internet startup, announced today that it has acquired a portion of the assets of Gigaom. These assets include the website, gigaom.com, as well as the content library. At the helm of Knowingly Corp is tech entrepreneur and author Byron Reese, who describes Gigaom as, “second to none in what it does.” He adds, “We are excited…

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5 Awesome Online Video Editing Tools

Video editing is booming these days with everyone looking to populate their social media pages with them. Companies are using video for marketing and promotion while others are blowing up Facebook, Vimeo and Instagram with them. When it comes to video editing, there are some great options out there which allows any amateur to create stunning video works. And the best part, downloading…

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Groupon Considering Selling Breadcrumb POS & Other Assets

Groupon executives are considering selling off assets which may include Breadcrumb, the point-of-sale product targeted towards bars and restaurants. Speculation has included Square as a potential buyer. Breadcrumb was acquired by Groupon in 2012 under the strategy of "controlling the point-of-sale", which would make coupon redemption easier and would give Groupon a valuable piece of real estate which all the big…

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