Over the past few years, social media has become an increasingly influential source of gathering news online. According to a PewResearchCenter survey conducted in 2014, nearly half of their Web-using adult users relied on social media sites like Facebook to get news updates. But while social sites may be gaining importance as news sources, the
According to a PhocusWright report, US travelers spent nearly $23 billion on vacation rentals in 2012. Online booking of vacation rentals had increased from 12% in 2007 to 24% by 2012. The researcher estimated the online share of the market to grow to 30% by the year 2014. San Francisco-based AirBnB is a fast rising
Till a few years ago, the flash deals market was a big deal in itself. Companies like Groupon soared into the Unicorn club, riding high on this hype. Other companies like Zulily (Nasdaq: ZU) made the flash deals offering even more attractive by providing niche products. But soon, profitability pressures coupled with high cost of
There are quite a few examples of companies that have crashed and turned into a unicorpse* even before reaching the Unicorn status. One such example is that of Care.com (NYSE: CRCM), which was on its way to be a Billion Dollar Unicorn, but sketchy financials have caused the company’s valuation to fall.
According to Morgan Stanley analysts, within the US, the volume of loans extended by marketplace lenders have doubled every year since 2010 and grew to $14 billion in 2014. The growth is estimated to continue at 47% annually through 2020. But the fast growth of the industry is coming at a cost. Stricter regulations on
The global enterprise social software market may have been projected to grow 11.3% annually to $8.14 billion in 2019, but the impressive growth rate of the industry is not translating into similar benefits for enterprise social software provider Jive (Nasdaq: JIVE). The company has seen its valuation tumble over the last few years as its
Sometimes a good offering is not sustainable enough to maintain a Unicorn status. Palo Alto-based Hortonworks (Nasdaq: HDP) is one such example of a unicorn turning into a unicorpse* and then barely working its way back to its IPO valuation. The company is well known for its Hadoop offerings. But after being valued at over
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