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As net retention plummets, AI could be the savior software companies need

New data shows that net retention at software companies has been halved in recent quarters, partially explaining the slowdown of revenue growth at tech firms.This isn't wholly surprising, since net re...

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Aug 2023

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The ad market is recovering

Ads are the lifeblood of Big Tech. When the ad market slows as it did last year, companies like Alphabet, Meta, Amazon and even Microsoft suffer.Tech's biggest businesses have endured a conservative a...

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Jul 2023

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Meta reports 11% revenue growth, but the metaverse still suffers

Meta had one of its best quarters since before it changed its name from Facebook. The company reported 11% year-over-year revenue growth, which is a sigh of relief for investors, because this time las...

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Jul 2023

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Biglaw Firm Doing More Than Just Legal Work

[photo1]Ed. Note: Welcome to our daily feature Trivia Question of the Day!According to reporting by Bloomberg Law, which Biglaw firm's lobbying shop took in the most revenue for federal lobbyi...

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Jul 2023

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Yet Another Am Law 100 Firm Defers Incoming Associates To January 2024

[photo1]Biglaw deferrals continue to be announced, offering incoming associates some months-long involuntary vacations, extra stress before the bar exam, and a dearth of expected income, right when st...

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Jul 2023

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Stop Rushing To Copyright As A Tool To 'Solve' The Problems Of AI

(Photo by Jakub Porzycki/NurPhoto via Getty Images)A few months back, I got added to a group chat of Hollywood writers/actors/directors, all seeking to understand what the fuck was going on with AI. A...

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Jul 2023

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Beyonce Is Fighting Her $2.7M Tax Bill In Court

(Photo by Kevin Winter/BET/Getty Images for BET)Last April, the public learned that superstar Beyonce underwent an IRS tax audit. At the end, the IRS proposed that she pays over $2.7 million for taxes...

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Jul 2023

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Tesla blames solar slump on interest rates as energy storage biz booms

Tesla's solar installations are still slipping, the company told investors on Wednesday.The automaker reported 66 megawatts' worth of solar deployments during its second quarter of 2023, representing ...

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Jul 2023

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Reddit insists on being "fairly paid" amid API price protest plans, layoffsvar abtest_1946124 = new ABTest(1946124, 'click');

As thousands of subreddits prepare to go dark in five days to protest Reddit's jacked-up API fees, Reddit claims it's only asking for what's fair. At the same time, the company is reportedly enacting ...

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Jun 2023

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This Prestigious Biglaw Firm Saw A 'Steep Decline' In Gross Revenue

[photo1]Ed. note: Welcome to our daily feature, Trivia Question of the Day!According to the latest Am Law 100 ranking, which Biglaw firm had the largest loss in gross revenue?...

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Jun 2023

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The Biglaw Firm With The Largest Decline In Gross Revenue

[photo1]Ed. note: Welcome to our daily feature, Trivia Question of the Day!According to the latest Am Law 200 ranking, which Biglaw firm had the largest double-digit decline in gross revenue?<...

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Jun 2023

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The Biglaw Firms That Saw Big-Time Revenue Gains In 2022

[photo1]Ed. note: Welcome to our daily feature, Trivia Question of the Day!According to the complete Am Law 200 ranking, in 2022, how many Biglaw firms saw double-digit gains in gross revenue?...

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May 2023

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Coinbase launches subscription service with focus on European expansion

Coinbase, the world's second-largest crypto exchange, is launching its subscription service, Coinbase One, in 35 countries in a bid to retain users and grow its recurring revenue streams as the crypto...

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May 2023

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Percent lands $30M investment to connect investors with private credit

In 2018, Nelson Chu founded Percent with the goal of bringing investors, borrowers and underwriters together to modernize private credit. Seeing an opportunity to tackle the lack of risk management in...

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May 2023

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Jenfi raises more funding for its "growth capital as a service" platform

Jenfi, a "growth-capital-as-a-service" platform, can provide online businesses with revenue-based financing in a little as a day. The Singapore-based startup announced today it has raised $6.6 million...

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May 2023

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Capchase gets into buy now, pay later with Capchase Pay for SaaS financing

Capchase, a provider of non-dilutive growth capital, is now in the buy now, pay later space after launching Capchase Pay to help software-as-a-service companies close deals faster.Capchase Pay enables...

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May 2023

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What A Biglaw Attorney Is Worth To A Firm In Cold, Hard Cash

[photo1]Ed. Note: Welcome to our daily feature Trivia Question of the Day!According to data collected by ALM for the Am Law 100 ranking, what is the average revenue per lawyer (RPL) across the...

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May 2023

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Investors cheer as Coinbase beats Q1 expectations

Today after the bell, Coinbase reported its Q1 2023 financial results, handily beating expectations. In the first three months of the year, the U.S. cryptocurrency exchange generated net revenues of $...

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May 2023

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Lyft shares tumble as investors react to dim outlook

Lyft shares tanked as much as 12% moments after the company reported first-quarter earnings as investors placed more weight on a dim outlook and lower quarter-over-quarter revenue than other financial...

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May 2023

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TikTok partners with top publishers on its new premium and brand-safe ad slot, 'Pulse Premiere'

TikTok is partnering with big-name publishers, including NBCU, Conde Nast, DotDash Meredith, BuzzFeed and others, in an effort to pull in more premium ad dollars. At this week's NewFronts, the video e...

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May 2023

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