2q news and trends

Facebook Highlights eCommerce, Metaverse Plans As Pressure On Ad Business Grows
Earnings // July 29, 2021

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PayPal: Venmo Volumes Grow 58 Pct YoY To $58B
Earnings // July 29, 2021

PayPal reported second-quarter results Wednesday (July 28) that showed the great digital shift had boosted eCommerce fortunes and that peer-to-peer (P2P) payments during the period surged significantly, helped by cryptocurrency trading. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Kohl’s Digital Sales Surge 58 Pct Amid The Pandemic’s Digital Shift
Earnings // August 18, 2020

Kohl’s Inc. reported Tuesday (Aug. 18) that digital sales had surged 58 percent in Q2 compared to last year as the retailer’s net sales fell 23 percent amid the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fiserv’s Bisignano: ‘Order Ahead Has Become A Way Of Life’
Earnings // August 06, 2020

Reporting revenues of $3.47 billion for its second quarter 2020 — a jump of 129 percent from Q2 2019 — Fiserv President and CEO Frank Bisignano said Wednesday (Aug. 5), “We demonstrated the strength and resilience of our business model during the quarter.” Get the Full...

Interviews & Exclusives
Amazon’s Third Party Sales Grow 23 Percent In Q2

July 26, 2019
Nothing lasts forever — and even for Amazon the good times cannot always roll. A week-and-a-half after celebrating its biggest ever day in terms of sales and member sign-ups on Prime Day(s) 2019  Amazon is facing the rare rash of investor skepticism after falling short of analysts pre-release predictions. Get the Full Story Complete the […]

Quick Reads
Strong Venmo And QR Code Payments Growth Help PayPal Score Record Q2 Earnings

July 29, 2020
In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. And the company credited its Venmo peer-to-peer (P2P) payments platform and QR code-based contactless-payments system for a big part of that success. Get the Full Story Complete the […]

Visa: Tap-to-Pay Transactions Grow 40 Pct YoY

April 30, 2020
Visa posted fiscal second-quarter results that showed a precipitous falloff in cross-border volumes late in the quarter amid the coronavirus pandemic, alongside what it termed a “significant deterioration” in spending...

Uber User Base Hits 100M, Growth Slows

August 09, 2019
It was a rough ride in after-hours trading after Uber reported its Q2 results — Uber’s big losses made investors and analysts nervous about the prospects for the ridesharing firm’s...

Samsung 2Q Results Leap On Memory Chip Demand

July 07, 2017
Samsung Electronics recently announced that operating profits saw record highs in the second quarter, buoyed by surging prices for memory chips. Get the Full Story Complete the form to unlock...