According to the World Bank’s Migration and Development Briefs, the international money transfer market grew 12% annually to $513 billion in 2011 from $234 billion in 2004. The market is expected to grow annually at 7% over the next three years to $685 billion by 2015. The growth of online and mobile banking channels is
According to an IDC report released recently, the global mobile market is estimated to record growth of a mere 1.4% in 2012, which would mark the slowest growth in three years. But within the market, the smartphone segment is growing much faster. The researcher estimates that smartphone shipments will help drive growth in mobile revenues.
During the past year, online education services provider Apollo Group (NASDAQ:APOL) has seen its stock fall more than 67%. Even though the company outperformed market expectations, according to the recent quarterly result announcement, worries about student enrollment continued to pull their stock down as it touched 52-week lows. For-profit education companies enjoyed a boom when
Analysts estimate that genealogy enthusiasts spend anywhere between $1,000 and $18,000 over a year to discover their roots. In January 2009, the number of people undergoing genetic genealogy testing to determine their roots were 765,000, compared with 650,000 people reportedly undertaking genetic testing as of November 2007. Besides genetic tests, several genealogy research websites are
Many analysts have been speculating about Twitter’s IPO prospects, and the company itself seems to have toyed with the idea of going public (or not) more than a few times. Last year it even indicated that it will remain an independent company for years to come. But after a few months of silence, the market
New York–based Shutterstock (NYSE:SSTK) filed its S-1 earlier this summer and came out with its IPO early last quarter. The company’s offer was received positively by the market, which has not been kind to many new-age digital stocks. Recently, Shutterstock announced the results of its first quarter as a public company. Here is a quick
There is a whole bunch of private companies thriving in the market today and are valued near or above a billion dollars in the private market. Today, we will talk about one of them. Readers may recall, we introduced you to Patrick Grady, CEO of Rearden Commerce while ago. Today, we will revisit Rearden and
Analysts believe that it is not just Brazil, but all of Latin America that is poised for strong economic growth in the coming years. Over the past five years, Latin America’s economic growth has been double that of crisis-ridden Europe and North America. The region’s per capita income is projected to grow by nearly 50%