Nothing seems to be slowing down LinkedIn’s (NYSE: LNKD) growth. While other social media stocks like Twitter have taken a bit of a beating due to the slowing down of their user growth statistics, LinkedIn has proved to be quite the opposite. Their continued investments in newer markets and offerings have helped them deliver strong results and drive their stock to a record high. LinkedIn has reported results for fifteen quarters so far since they went public and not once have they missed earning expectations. This quarter was no different.
It is interesting to note the wide array of private companies that have no desire to go public soon. There is a growing list of founders who are convinced that they want to stay away from the prying eyes of analysts and the high costs of regulatory requirements and maintain their freedom of operating their companies on their terms. One such company is Billion Dollar Unicorn club member Eventbrite.
There are several Billion Dollar Unicorn club members who have taken their time getting to the club. But there are a few stories of startups that have sped their way to the club. Here is one such interesting player, two-year-old team communicating service Slack, which is making waves in the market.
Peer-to-peer lending platforms are seeing a strong opportunity in small business and retail consumer financing markets. Analysts estimate the small business loans market to be a $300 billion market. They also estimate the credit card refinancing market to be a $800 billion market. Billion Dollar Unicorn club member Lending Club is among the largest player in the peer-to-peer lender category.
The global cloud computing market continues to grow forth at stellar rates. In a recent report by Market Research Media, the global cloud computing market is projected to grow 30% annually to $270 billion by the year 2020. One company that is seeing similar growth rates in their annual revenues despite their size is Salesforce (NYSE: CRM).
The recent holiday season was a particularly good quarter for game title publisher Electronic Arts (Nasdaq: EA). The company reported strong financial results, thus sending their stock soaring to 7-year high levels. EA plans to continue to deliver such growth through a line-up of additional game titles scheduled for the year.
According to a 2014 Accenture report, the global market for electronic health records (EHR) is projected to grow to $22.3 billion in 2015. North America is expected to remain the biggest region in the industry, growing 7% annually to bring in $10.1 billion. Westborough, Massachusetts-based eClinicalWorks is a growing force in the industry and a proud member of the Billion Dollar Unicorn club member. What’s more, the company was bootstrapped with a paycheck.
According to an IDC report, the global smartphone shipments were expected to reach 1.3 billion in 2014. In Q3 2014, Samsung was the leader in the global market with 23.7% market share. Apple came in a distant second with 11.7% share followed by Chinese smartphone maker and Billion Dollar Unicorn club member Xiaomi with 5.2% share.