Tag Archives: Growth

Meet the woman leading Accel’s consumer growth investments

As it approaches its 35th year in the venture capital business, Accel is staying true to its promise to continue passing the torch to the younger generation of investors. This week, the firm brought on Maya Noeth as a principal, leading its consumer growth investing efforts. Accel typically promotes from within; Noeth is its first outside hire since Amit Kumar joined more than ...

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Chat app Line hopes its own crypto token can solve its user growth problem

Line, the Japanese messaging app firm that’s best known for its cutesy characters and stickers, is pushing deeper into crypto after it launched its own token to help grow its stagnant user base. Line went public two years ago with 218 million monthly active users, but it hasn’t been able to kick on. The company no longer gives out its worldwide user number, but ...

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Grab picks up $2 billion more to fuel growth in post-Uber Southeast Asia

Grab, the ride-hailing service that struck a deal to take Uber out of Southeast Asia, has announced that it has pulled in $ 2 billion in new capital as it seeks to go beyond ride-hailing to offer more on-demand services. The $ 2 billion figure includes a $ 1 billion investment from Toyota which was announced in June, and it ...

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Zuckerberg & Facebook slapped with lawsuit for failing to warn investors of slowing growth

Facebook investors are suing the social network, its CEO Mark Zuckerberg and CFO David Wehner after a poor earnings report wiped out nearly $ 160 billion of shareholder wealth. The lawsuit, filed by shareholder James Kacouris in a Manhattan federal court, could be the first of many claims over a disappointing earnings announcement by the social media and social networking ...

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Zuckerberg & Facebook slapped with lawsuit for failing to warn investors of slowing growth

Facebook investors are suing the social network, its CEO Mark Zuckerberg and CFO David Wehner after a poor earnings report wiped out nearly $ 160 billion of shareholder wealth. The lawsuit, filed by shareholder James Kacouris in a Manhattan federal court, could be the first of many claims over a disappointing earnings announcement by the social media and social networking ...

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BRICS countries the engine that powers global economic growth

Unilateralism, coming particularly from the US, brings the “great growth nations” of BRICS closer and helps them strengthen ties, the CEO of global internet and media group Naspers, Bob van Dijk, told RT. The BRICS group unites the emerging economies of Brazil, Russia, India, China, and South Africa. The countries represent more than 40 percent of the world’s population. “Most ...

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Facebook loses $150bn in 2hrs after warning of company’s growth slowdown

Facebook’s stock lost roughly one-fifth of its value in after hours trading on Wednesday following the company’s disappointing earnings report and warning of worse-than-expected user growth. The social network’s stock dropped about seven percent immediately after the earnings report was released, and then plummeted to a loss of more than 20 percent during the company’s call with investors. Its valuation ...

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Russia plans national road reconstruction project essential to economic growth

About 9,000 kilometers of highways and roads in Russia will be transferred to federal ownership by 2021 before a major rebuilding project to boost the country’s road infrastructure and the national economy. Read more The trend will continue after 2021 with additional 8,300kms of road becoming the property of the Federal government. Federal highways are usually of much better quality ...

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Samsung forecasts slowing profit growth for Q2, missing analyst estimates

Samsung has put out earnings guidance for its Q2 which indicate quarterly growth at its slowest for more than a year — as a lack of new ideas to sell high end smartphones drags on the company’s bottom line. The electronics maker is reporting estimated profit of 14.8 trillion Korean won (USD$ 13.2BN) on revenue of 58 trillion Korean won (USD$ 51.9BN) for the ...

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Russia lowers economic growth forecast as planned tax hike expected to curtail expansion

Russia’s Economic Development Ministry has slashed the country’s economic growth forecast for next year amid geopolitical uncertainty and a planned two-percent increase in value-added tax (VAT). The country’s gross domestic product (GDP) is now expected to grow by 1.4 percent in 2019 compared to the 1.9 percent growth projected this year, according to reports in various media. In the second ...

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