Billion Dollar Unicorns: Revolut Looks to Expand in the US

According to a 2017 Allied Market Research report, the global neobanking market is expected to grow 51% annually through to the year 2020. Neobanks are the new kinds of banking organizations that use technology to provide complete online banking solutions to its customers. They do not have physical offices and branches and allow customers to

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Billion Dollar Unicorns: Yitu Cashes in on China’s Growing Surveillance Market

According to a Markets and Markets report, the global facial recognition software and tool market is estimated to grow 14% annually over the next four years to $7.8 billion by the year 2022 from just over $4 billion in 2017. The growth is estimated to be driven by the growing need for enhanced surveillance and monitoring

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At A Trillion Dollars, Apple is Still Undervalued

Last week, Apple (Nasdaq: AAPL) became the first US company to cross the $1 trillion valuation. It was a close race to the trillion dollar club. Here is the Bloomberg chart that shows how close the race was between Apple, Amazon, Alphabet, and Microsoft.

Billion Dollar Unicorns: BlackLine Looks at International Markets

According to a recent report, the global accounting software market is estimated to grow 8.6% to be worth $11.8 billion by 2026, North America being the largest contributor to this growth in terms of revenue. The growth in the developed markets is expected to be driven by the adoption of mobile devices and movement to

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Billion Dollar Unicorns: Discord Going Strong

A recent Newzoo report estimates the global gaming industry to have grown 13% to be worth $137.9 billion with 2.3 billion gamers worldwide. Billion Dollar Unicorn player Discord is a social networking site focused on these gamers.

Ouch! Facebook

Facebook’s (Nasdaq: FB) recently announced second quarter results are making the market wonder if the company has finally lost its charm. The company has been dealing with controversy around fake news and growing privacy concerns for a while now. Recent results suggest that those issues may be finally taking a toll on its usage metrics.

Red Hat Outlook Disappoints

Recently Linux provider Red Hat (NYSE: RHT) reported its first quarter results. While the quarter’s performance outpaced market expectations, its outlook was disappointing, sending its stock crashing. Since the results, the company’s stock has fallen nearly 12%.

Alphabet Betting on AI

Last quarter, Alphabet (Nasdaq: GOOG) was hit by a $5.1 billion fine by the European Commission. But despite the hit, the company surpassed all market expectations and saw its stock soar to record high levels.