Grove raises $2.1M to find the sweet spot between old-school financial advisors and chatbots

 Right now if you want financial guidance and planning help you basically have two options – shell out thousands (or more) a year for an old-school Wall Street-affiliated advisor, or test your luck with one of the free financial planning chatbot startups that have been popping up over the past few years. Neither of these are ideal for most people; traditional advisors give good advice but… Read More

Equity Shot: Twitter and Snap’s surprising, synchronized social success

 Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.
Today we’re doing another Equity Shot, a short topic-centered episode where we assemble the troops to dive into one particular thing. Or, in this case, two particular things.
Matthew Lynley, myself, and Katie Roof gathered to pick over Snap and… Read More

Facebook co-founder Eduardo Saverin’s B Capital Group closes first fund at $360M

 B Capital Group, the VC fund founded by Facebook co-founder Eduardo Saverin, has closed out its first fund at $360 million. Read More

Qualcomm rejects Broadcom’s $121 billion bid

Broadcom headquarters The largest tech acquisition offer in history wasn’t enough. Qualcomm’s board of directors issued a statement on Thursday saying that they are turning down Broadcom’s $121 billion bid to buy the competing chipmaker. According to the release, Qualcomm “unanimously rejected” an “unsolicited proposal” to buy all of its shares at $82 each, of which $60… Read More

Twitter is now worth more than Snap

 Adding to what’s already a Very Weird 2018, Twitter now has a bigger market cap than Snapchat maker Snap after posting a thoroughly interesting earnings beat for its fourth quarter this morning. Shares of Twitter rocketed more than 25% this morning following the report, which showed the service is actually able to generate a profit on a GAAP basis. Twitter already wrapped up 2017 with a… Read More

Twitter is suddenly making money and Wall Street likes it a whole lot

 Despite flat user numbers and a nominal beat in revenue, Twitter’s fortune-reversal over the past several months is still going as the company said it actually posted a GAAP net income — sending the stock jumping more than 15%. Twitter’s overall user numbers were flat, but the company was still able to post a surprising profit and fell above what Wall Street expected for… Read More

Yelp is not having a good day

 Yelp saw its stock take a steep dive this afternoon after it reported its fourth-quarter earnings, which on an adjusted basis fell below Wall Street’s expectations on the bottom line. Yelp has had a very up-and-down year, all while still continuing to be a go-to site for reviews and content around restaurants. Read More

Elon Musk’s pretty good week keeps rolling as Tesla slides through Q4 with same production targets

 Tesla CEO Elon Musk managed to send his Tesla Roadster into space — because why not? — earlier this week, and it looks like his week (and Tesla’s) is still looking up for now following the company’s fourth-quarter results. The company slightly beat Wall Street’s expectations on the financial front, and said it’s still targeting producing 2,500 Model 3… Read More