Google, or Alphabet as its parent company, raked in a nice $21.3 billion in total sales and adjusted profits of $8.67 for its every Class A share. With total sales up 18 percent over the previous year, the company’s revenue/earnings are looking rather impressive overall. For Alphabet, there were several key areas in where the company grew its value and revenue. The advertising rose by 17 percent compared to the same period the year before, giving the company a nice revenue bump during that period. Immediately after the announcement, shares rose 1.22 percent to hit $752 per share in normal trading resulting in a market capitalization of
Tesla Motors, Inc. are on a roll lately! After they announced Tesla Model X becoming available earlier, getting the info about the Tesla Model 3 out there, they are raising even more financial capital right now. Making good on a promise, Tesla Motors CEO and founder Elon Musk purchased $20 million in stock this week during the company’s public offering. The CEO purchased 82,645 shares at $242 per share, making it a $20 million investment. The Tesla CEO now holds 28 million shares in the company, providing more reassurance towards new investors through personal investments like this one. After they have announced a new public
Blockstream has an ambitions goal to build on Bitcoin’s underlying technology to securely transfer more than just virtual currency, but also data and more.
Taxi booking startup GrabTaxi has raised a $65 million series C funding round, which it will use to improve services and further grow its user base in Southeast Asia.
With Bitcoin-oriented startups gaining ground with institutional investors, we take a look into the challenges ahead for companies and the cryptocurrency community.
With BlockChain raising a $30 million in Series A funding, Bitcoin-related startups gain more support from mainstream investors. What are the prospects for Bitcoin in the long run?
Chinese startup InnoLight raises $32M in Series C funding led by Google Capital, and will focus on building 100Gbps optical transceivers that enable servers to communicate through fiber-optics.