Eventbrite Suffers Deeply from COVID-19

Earlier this year, an IBIS World research report had projected online event ticket sales in the country to grow 9.5% to $13.2 billion in 2020. But like several other industries, the global pandemic has upended those forecasts significantly. San Francisco-based Eventbrite (NYSE:EB), a leading player in the industry, is struggling with its results as events

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From Unicorn to Unicorpse: Etsy Falters on Amazon’s Entry

Etsy (Nasdaq: ETSY) went public earlier this year, a much awaited IPO at an $1.8 billion valuation. But since listing, serious issues with the company have resulted in a tumbling valuation under public market scrutiny. At its current stock price, Etsy is still appearing above the billion dollar mark, but barely so. And its trajectory

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Billion Dollar Unicorns: BlaBlaCar Expands Internationally with Acquisitions

There has been a surge of funding from VCs that has been driving the meteoric growth in valuation for car sharing firms including Uber and Lyft. I have my reservations on valuations of these companies. But then, there are companies like ride-sharing BlaBlaCar that have managed to enter the Billion Dollar Unicorn club while avoiding the

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Billion Dollar Unicorns: Nutanix Gives VMWare Tough Competition

Today, most IT functions of organizations are moving away from siloed service providers to a consolidated services provider. This has led to the evolution of the hyperconverged infrastructure where compute and storage capabilities are integrated so that they can run adjacent to each other on the same physical hardware. Billion Dollar Unicorn club member Nutanix is

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Billion Dollar Unicorns: Hortonworks Needs To Deliver Results

A Markets and Markets report on Hadoop estimates the total Hadoop market to grow 55% annually to be worth $13.95 billion by 2017. Billion Dollar Unicorn club member Hortonworks is one successful player in this rapidly growing Hadoop market.

Amazon Finally Reveals its Cloud Financials

Lately, Amazon (Nasdaq: AMZN) has started revealing more financial details about their business segments. Last quarter, they spoke about Prime and this quarter, they shared a peek into the world of their cloud business. And, the market is pleased with what they saw.

Pinterest’s Valuation Rises; Revenues Remain a Mystery

Twitter’s recent IPO has sparked  interest in IPOs of other social media sites. The next big one that the market is waiting for is online scrapbooking site,  Pinterest. Launched in 2010, Pinterest’s growth has seen phenomenal growth and is the third most popular website in the U.S. after Facebook and Twitter.

Online Travel Continues to Boom

According to RBC, within the U.S., online travel sales account for 43% of total travel sales. That number is projected to increase marginally to 44% by the end of next year. Analysts believe that increased online sales will be driven by the continued adoption of mobile devices. Meanwhile, online travel sites are expanding their international

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