Billion Dollar Unicorns: Kabam Struggles to Stay Alive

According to a Newzoo report, the total gaming market worldwide was estimated to grow 8.5% over the year to $99.6 billion in revenues in 2016. This is also the first year when mobile gaming will account for a bigger share than PC games. Mobile gaming was estimated to bring in $36.9 billion in revenues, growing 21.3% over the year. The global gaming market is expected to grow 6.6% annually over the next three years to be worth $118.6 billion in 2019 with mobile gaming accounting for $52.5 billion of these revenues.

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Death by Overfunding: One Kings Lane

Flash sales sites were part of the cool startups once. Venture capitalists put in money in these sites because they thought the sites would be strong competition to online and store-based retailers. The sites also started to carve out their own niches, with focus on fashion, shoes, and even home décor products. Initially, the businesses did well. Most flash sites were set up in 2008-2009 when the economy was in trouble and retailers were looking to offload merchandise. But as the economy picked up, the flash sites lost their glitz.

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Pinterest, an Unlikely 2017 IPO Prospect

After the dry spell for tech IPOs in 2016, 2017 is expected to be a busy year. Billion Dollar Unicorns Snapchat and AppDynamics have already filed to go public and another unicorn that has long been on the IPO prospects list is social media content discovery app Pinterest, which has low revenue but a ridiculously high valuation. >>>

IBM Delivers Nineteen Straight Quarters of Declining Revenues

For the 19^th straight quarter, IBM (NYSE: IBM) has reported declining revenues. But the silver lining in the results was its performance in its strategic imperatives. The company saw strong growth for the cloud, analytics, mobility, and security businesses. The growth wasn’t enough to keep the market happy. Despite the company surpassing market expectations, the stock fell post the result announcement. >>>

Netflix’s Content Keeps it Ahead in the Video Race

Video streaming has caught on incredibly well. According to a MarketandMarkets report, the global video streaming market is expected to grow from $30.29 billion in 2016 to $70.05 billion by 2021, at a CAGR of 18.3% during the forecast period. Netflix (NASDAQ: NFLX), the pioneer in video streaming, is reaping the benefits of this trend. But the competition is also increasing. >>>

2017 IPO Prospects: Can Airbnb Overcome Regulatory Hurdles?

Vacation rental site Airbnb is expected to be one of the biggest IPOs this year. The company may not have either confirmed or denied reports of an upcoming IPO, but the market is waiting eagerly for it to list so that they can cash in on its soaring valuation.

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Death by Overfunding: Powa Technologies

There is no other company that illustrates the roller-coaster ride of a Unicorn as graphically as the United Kingdom’s Powa Technologies. Powa had helped put London on the Unicorn map by becoming one of the few multi-billion dollar ventures. Then with not as much as a whimper, it transformed into a Unicorpse with investors still struggling to understand what went wrong.

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2017 IPO Prospects: DJI Drones Drive its Soaring Valuation

According to a report by Grand View Research, the commercial drone market was pegged at $552 million in 2014 and was projected to grow 17% annually through 2022. Another report by the researcher estimates stellar growth in the consumer drone market, which is expected to be worth $4.19 billion by 2024. Overall, the drone industry is dominated by Chinese Billion Dollar Unicorn club member DJI.

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