According to recent reports, the attendance for the world’s top 10 theme-park operators grew 8.6% last year, almost double the rate of 2016. Visitors to parks run by Walt Disney Co. (NYSE: DIS) rose 6.8% to 150 million worldwide, while Merlin Entertainments, the runner-up operator saw attendance to Lego Land climb 7.8% to 66 million. Universal Studios came in a distant third with a 4.4% increase to 49.5 million visitors. With Disney’s parks doing good business, Disney is preparing to up the ante on the streaming market for its digital content.
According to data platform PitchBook, there are nearly 30 private FinTech startups that are valued at or above $1 billion. One of them is Billion Dollar Unicorn Adyen that is expected to go public soon. >>>
The year 2017 was not a very friendly year for ride-sharing giant Uber. The company was embroiled in controversy surrounding its corporate culture and business practices, it let go of its founder, and continued to deal with legal cases relating to trade secret thefts. Uber continues to pay for its issues in the current year as it struggles to regain some of that lost ground.
The Indian online marketplace is marked by a keenly contested battle between Flipkart and Amazon. According to RedSeer, Flipkart, including its online fashion acquisitions Myntra and Jabong, had a 46% share in 2018. Amazon which entered the Indian market in 2013 had a 30% share. But it has not been easy for Flipkart to maintain this lead. Founded in 2007, Flipkart had raised $7.3 billion in funding. How does the recently announced $16 billion acquisition by Walmart affect the Indian e-commerce sector, especially the startups? >>>
Networking giant Cisco (Nasdaq: CSCO) has had a remarkable year so far. Its stock has climbed nearly 18% since the start of the year as the company transforms itself to adapt to the newer technologies. Cisco has been moving away from its traditional business of supplying switches and routers into newer areas of cloud and enterprise collaboration.
Market reports suggest that there were more than two billion websites online as of December 2017. The growth in the websites is attributed to the increasing presence of Content Management Systems (CMS) that allow people and organizations to build websites easily without having to truly code. The CMS market is dominated by Wordspace, which accounts for nearly 60% of the sites published. Joomla is a distant second with under 7% market share. But there are several other smaller players that are delivering robust growth within the space. One such player is New York-based Billion Dollar Unicorn Squarespace.
According to a research by P&S Market Research, the global wearable fitness tracker market is estimated to grow to $48.2 billion by 2023 driven by the increasing use of fitness tracking apps, demand for continuous health monitoring devices, and increasing disposable income. Billion Dollar Unicorn player Fitbit (NYSE:FIT) has been among the pioneers in the industry. But the company has continued to see its valuation dwindle since it went public in 2015.
Billion Dollar Unicorn player GitHub was founded in 2008 by Tom Preston-Werner, Chris Wanstrath, and PJ Hyett to expand the open source operating system market that was developed by Linux.