With a potential initial public offering (IPO) on the horizon, Airbnb reportedly registered a loss in the first nine months of 2019 amid an increase in costs. The loss is said to raise questions about the timing and valuation of the tech company’s introduction to the public...
Indian unicorn startup InMobi reported a net loss of ₹54 crore in the fiscal year ending in March of last year, which is a year-on-year increase of 53 percent compared to the previous one, according to DealstreetAsia. InMobi offers advertising services to businesses. According to...
The We Company, the parent of WeWork, uses a cash-flow metric called the “contribution margin,” which showed that its core services were profitable, Bloomberg Tax reported on Tuesday (Dec. 3). The contribution margin — also used by Lyft and Peloton — ignores fixed and startup...
Japan’s Rakuten has taken a huge loss on Lyft shares, according to Reuters. The company said it expects to lose 103 billion yen ($947 million) in the latest quarter due to its Lyft investment. Rakuten’s Founder and Chief Executive Hiroshi Mikitani, who sits on Lyft’s...
July 02, 2020
Primark, the Irish fashion retailer, is expected to take a huge financial hit due to COVID-19, the Financial Times reported. The Dublin-based global discount chain, which has eight U.S. stores, was on track to earn one billion euros ($1.1 billion). But the coronavirus will take a two-thirds bite out of that, as its more than 370 […]
February 11, 2020
With a potential initial public offering (IPO) on the horizon, Airbnb reportedly registered a loss in the first nine months of 2019 amid an increase in costs. The loss is said to...
January 05, 2020
Indian unicorn startup InMobi reported a net loss of ₹54 crore in the fiscal year ending in March of last year, which is a year-on-year increase of 53 percent compared...
November 05, 2019
Japan’s Rakuten has taken a huge loss on Lyft shares, according to Reuters. The company said it expects to lose 103 billion yen ($947 million) in the latest quarter due...
