Showing posts with label financial. Show all posts
Showing posts with label financial. Show all posts

2019-02-08

Fintech Startup BABB Peer-to-Peer Banking Services (video)

Tech Talk interview with Leonard Seelig, BABB

Leonard Seelig, managing director of BABB, which provides peer-to-peer banking services, talks about how a decentralised banking system can be built and the benefits of being a part of the Level 39 community in London. TheBanker.com video above first published Sep 10, 2018.

Domains: babbapp.com and getbabb.com


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2019-01-17

How Fintech Startup Robinhood Makes Money (video)

How Robinhood Makes Money

Robinhood is an investing app valued at over $5 billion, that says it's trying to "democratize America's financial system" by making investing accessible to the little guy with free trades--Invest for Free--"Invest in stocks, ETFs, options, and cryptocurrencies, all commission-free, right from your phone or desktop." It's an eye-popping valuation for a financial company with opaque metrics and plenty of competition. The young company had its share of missteps as well, prompting questions of whether or not it can handle primetime. Robinhood has faced criticism for business practices that allow it to offer free trading. It also botched the rollout of a checking and savings account feature in late 2018, garnering concern from regulators. But the company's incredible growth and popularity with younger investors – more than 6 million users by the end of 2018 – means it could be a major player in banking moving forward. CNBC video above published Jan 16, 2019.

Domain: robinhood.com



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2018-10-30

Facebook $FB Q3 2018 Earnings LIVE Webcast Oct 30, 5pm EDT

Facebook’s 2018 Just Keeps Getting Worse

30 million Facebook users had their accounts hacked (Fortune.com video, Oct 12, 2018).

Facebook, Inc.
NASDAQ: FB
$FB
Principal domains: facebook.com, whatsapp.com, messenger.com, instagram.com, oculus.com
Investor Relations: https://investor.fb.com/

Facebook Q3 2018 Earnings LIVE Webcast Oct 30, 2018, 5:00 pm EDT

Third quarter 2018 financial results will be released after market close on Tuesday, October 30, 2018. The live webcast (and replay), the company's earnings press release, financial tables, and slide presentation will be available from the investor relations website. A telephonic replay will be available for one week following the conference call at 404.537.3406 or 855.859.2056, Conference ID: 5638138.

UPDATE: Q3 2018 GAAP EPS of $1.76 beats by $0.30, revenue of $13.73B (+32.9% Y/Y) misses consensus estimates by $40M, user growth slowsEarnings Release (pdf) and Slides (pdf).



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2018-10-16

Netflix $NFLX Q3 2018 Earnings Video Interview Oct 16, 6pm EDT

Q3 '18 Earnings Interview

Netflix Investor Relations video above published Oct 16, 2018.

House of Cards: Season 6 (Netflix Official Trailer)


House of Cards Season 6 Coming to Netflix on November 2.
 Netflix Q3 2018 Earnings Interview
Netflix Q3 2018 Earnings Video Interview October 16, 2018 6pm EDT 

$NFLX
Netflix, Inc.
NASDAQ: NFLX
Principal domain: Netflix.com
Investor Relations: netflixinvestor.com

Q3 2018 Earnings Release--Netflix third-quarter 2018 financial results and business outlook--letter to shareholders (pdf) and financial statements (xlsx). $NFLX shares are UP in after hours trading.

See also Netflix Crushes Estimates, Renewing Faith After July Letdown--Streaming giant adds 6.96 million users globally in quarter,  Outlook shows international markets will pace company’s growth--Bloomberg.com.

A video interview with Netflix Chief Executive Officer Reed Hastings, Chief Financial Officer David Wells, Chief Content Officer Ted Sarandos, Chief Product Officer Greg Peters and VP, IR & Corporate Development Spencer Wang will be available at 6:00 p.m. EDT. The discussion will be moderated by Eric Sheridan, UBS, with questions submitted via email.  Questions from investors should be submitted as well in advance as possible for inclusion to eric.sheridan @ ubs.com. The video interview can be accessed on the Netflix Investor Relations YouTube channel.

Netflix is a media services provider, headquartered in Los Gatos, California, founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California. 

The primary business of Netflix is its subscription-based streaming media service, which offers online streaming films and television programs including those produced in-house. As of July 2018, Netflix has 130 million total subscribers worldwide, including 57.38 million in the United States. Its service is available worldwide except mainland China, Syria, North Korea and Crimea. Netflix also has offices in the Netherlands, Brazil, India, Japan, and South Korea.

See also: Barry Diller Says Hollywood Risks Getting Overtaken by Amazon and Netflix.



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2018-08-28

Brian Lynch, Co-Founder and CEO, RegTek Solutions (video)

Tech Talk: interview with Brian Lynch, RegTek Solutions

TheBanker.com video above published Aug 13, 2018: Brian Lynch, co-founder and CEO, RegTek Solutions, talks to Joy Macknight about the state of play in terms of reporting obligations and the cost of compliance, and how ‘regtech’ is addressing the pain points. #RegTech

"At the heart of the market’s transformation to sustainable compliance."--RegTek Solutions
  • RegTek Solutions, Inc., New York, London
  • Domain: regteksolutions.com


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2016-06-16

Systemic Risk and Asset Management in the Post Crisis Era (videos)

Why the U.S. Can't Go It Alone Anymore on Monetary Policy

U.S. central bankers talk a lot these days. Even their formal statements have gotten much longer. But for all the talk, there's one thing they're still not saying. Bloomberg Gadfly's Lisa Abramowicz tells us why it's important for Janet Yellen and Fed officials to become more transparent about some of their conversations. (Bloomberg.com - June 15, 2016)

Asset management in the post crisis era | FT Markets:

The FT's Philip Stafford and Arjun Singh-Muchelle of The Investment Association discuss how the post-crisis trading reforms are affecting asset managers. (FT.com May 25, 2016)

What is systemic risk?

See also: London School of Economics and Political Science (LSE), collection of videos from the Systemic Risk Centre.

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system. --Wikipedia



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2016-05-05

Web.com $WEB Q1 2016 Financial Results Webcast, May 5, 5pm ET

Web.com 1-year chart; $WEB is DOWN 10% in the past year (source: google.com)
Domain name registrar and technology company, Web.com Group, Inc., will release Q1 2016 earnings after market close on May 5, followed by a conference call/webcast to discuss the financial results.

Web.com conference call: May 5, 2016, at 5:00 p.m. ET - Listen to webcast - Presentation (pdf) - Web.com Press Release: First Quarter 2016 Financial Results
Q1 2016 Results as provided by Web.com in presentation and press release (see links above):

Summary of First Quarter 2016 Financial Results:

Total revenue, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $144.8 million for the first quarter of 2016, compared to $132.6 million for the first quarter of 2015. Non-GAAP revenue was $153.4 million for the first quarter of 2016, compared to $137.7 million in the year-ago quarter, and at the high end of the Company's guidance range of $150.5 million to $153.5 million. The year over year increase in revenue is primarily due to the acquisition of Yodle.

GAAP operating income was $6.9 million for the first quarter of 2016, compared to $11.1 million for the first quarter of 2015. Non-GAAP operating income was $35.1 million for the first quarter of 2016, representing a 23% non-GAAP operating margin, compared to $32.2 million for the first quarter of 2015, representing a 23% non-GAAP operating margin.

GAAP net income was $0.3 million, or $0.01 per diluted share, for the first quarter of 2016. GAAP net income was $2.3 million, or $0.04 per diluted share, for the first quarter of 2015. Non-GAAP net income was $32.2 million for the first quarter of 2016, or $0.63 per diluted share, exceeding the high end of the Company's net income guidance of $30 million to $32 million, and at the high end of the Company's earnings per share guidance of $0.59 to $0.63 per diluted share. The Company had non-GAAP net income of $29.5 million, or $0.56 per diluted share, for the first quarter of 2015.

Adjusted EBITDA was $39.7 million for the first quarter of 2016, compared to $36.1 million for the first quarter of 2015, representing a 26% adjusted EBITDA margin during each of the three months ended March 31, 2016 and 2015.

The Company generated cash from operations of $14.5 million for the first quarter of 2016, compared to $31.9 million of cash flow from operations for the first quarter of 2015. The decline in cash from operations is due to costs related to closing the Yodle acquisition and changes in the incentive payout.

First Quarter and Recent Business Highlights:

  • Closed on the acquisition of Yodle on March 9, 2016.
  • Web.com's total net subscribers were approximately 3,423,000 at the end of the first quarter of 2016, up approximately 70,000 from the end of the fourth quarter of 2015. This includes approximately 53,000 subscribers from the acquisition of Yodle.
  • Web.com's average revenue per user (ARPU) was $15.10 for the first quarter of 2016 compared to $13.75 for the first quarter of 2015. ARPU was up sequentially during the first quarter of 2016 from $13.92 during the fourth quarter of 2015. ARPU during the first quarter included the partial period impact of Yodle. 
  • Web.com's trailing twelve month customer retention rate was 87.1% for the first quarter of 2016. 
  • Web.com borrowed $315 million during the first quarter of 2016 primarily to fund the Yodle acquisition and used $12.5 million in cash to reduce debt during the quarter.
  • Repurchased 617,000 shares for $11.2 million in the first quarter of 2016.

Web.com Group, Inc. provides services to small businesses, offering subscription-based solutions including domains, hosting, website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and eCommerce solutions. Brands include Network Solutions (networksolutions.com), Registry.com, and Yodle (Yodle.com).

Stock exchange & symbol:  NASDAQ: WEB
Principal domain: web.com
Investor Relations: ir.web.com

WEB.com management will present at two upcoming investor conferences in May:
  • May 10, 2016 9:50 AM PT SunTrust Robinson Humphrey 2016 Internet & Digital Media Conference Listen to webcast
  • May 25, 2016 9:20 AM ET J.P. Morgan Global Technology, Media and Telecom Conference Listen to webcast
An audio of the presentations will be accessible in the Investor Relations section of the Company's website (ir.web.com) for a limited period of time after each event.



See also on Domain MondoICANN Damaged a Competitive Domain Name Market With Its New gTLDs [includes Web.com Q4 2015 Results]




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2016-04-15

IMF Spring Meetings: Uncertainties, China, Brexit, Geopolitical Risks (video)

Lagarde Says Political Uncertainties Threaten Global Growth: 

International Monetary Fund (IMF) Managing Director Christine Lagarde talks about uncertainty surrounding "Brexit" debate in the U.K. and the top geopolitical risks she sees for 2016. She speaks with Francine Lacqua on "The Pulse." Published April 5, 2016

IMF Spring Meetings, Washington, D.C., April 15-17, 2016:
    Above video: 2016 Spring Meetings promo


G20 finance ministers gather in Washington to discuss world economy problems, earnings season begins for the troubled US banking sector, and GDP data will focus concern on China's cooling growth prospects. Seb Morton-Clark reports for FT.com (April 10, 2016).

International Monetary Fund, Washington, D.C., commonly referred to as the IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s. The IMF's responsibilities: The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

IMF Governance structure: Board of Governors
Domain: imf.org
Official language: English
Membership: 188 countries
Parent organization: United Nations

IMF -- About"The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Created in 1945, the IMF is governed by and accountable to the 188 countries that make up its near-global membership."



See also on Domain MondoWill the UK Leave the EU? Brexit Is More Likely Than You Think (video)




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2016-03-02

India, Growth Likely To Slow Next 12 Months (video), BSE SENSEX


Indian growth likely to slow | FT World - India’s economic growth is likely to slow or at best stabilise in the next financial year ending in March 2017, according to government summaries of the latest annual economic survey released on Friday. The FT’s Victor Mallet reports. (FT.com - Published Feb 26, 2016)

BSE SENSEX
BSE SENSEX (source: google.com)
Domain: bseindia.com

BSE - World's Fastest Exchange with a speed of 6 microseconds (Published Feb 4, 2016)

BSE SENSEX - (Wikipedia)"The S&P BSE SENSEX (S&P Bombay Stock Exchange Sensitive Index), also-called the BSE 30 or simply the SENSEX, is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on Bombay Stock Exchange. The 30 component companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy. Published since 1 January 1986, the S&P BSE SENSEX is regarded as the pulse of the domestic stock markets in India. The base value of the S&P BSE SENSEX is taken as 100 on 1 April 1979, and its base year as 1978–79. On 25 July 2001 BSE launched DOLLEX-30, a dollar-linked version of S&P BSE SENSEX. As of 21 April 2011, the market capitalisation of S&P BSE SENSEX was about ₹29733 billion (US$438 billion) (47.68% of market capitalisation of BSE), while its free-float market capitalisation was ₹15690 billion (US$231 billion). During 2008-12, Sensex 30 Index share of BSE market capitalisation fell from 49% to 25% due to the rise of sectoral indices like BSE PSU, Bankex, BSE-Teck, etc."

Sensex tweets

Ashish Chauhan BSE, CEO BSE (Bombay Stock Exchange,India)
@ashish_chauhan1 -- see also @BSE_News

@ashish_chauhan1 tweets




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2016-02-26

NETmundial Initiative, WEF and ICANN Withdrawal, Consequences

UPDATE: Comments of Larry Strickling (US Department of Commerce, NTIA) at the NETmundial Initiative meeting in Madrid (as reported by Samantha Dickinson):
UPDATE: The NETmundial Initiative (NMI) meeting in Madrid has concluded, and a Communique issued which includes the following points:
  • Funding by the founding 'partners' ICANN, World Economic Forum (WEF), and CGI.br ends June 30, 2016 [ICANN CEO Fadi Chehade announced at the meeting that the new ICANN CEO and the ICANN Board will determine at a later date whether to continue any funding beyond June 30th. Chehade also announced his resignation from the NMI Coordination Council effective March 13, 2016].
  • The Council considered and accepted a proposal for CGI.br to provide an institutional home for the ongoing initiative, subject to approval by CGI.br’s Board.  
  • The Council discussed the possibility of changing its current structure following a broad community consultation. 
  • The current open request for nominations to the Coordination Council is withdrawn. Once the public consultation is complete, a new nomination process will begin.  
  • Two activities were proposed for 2016, sponsorship for which has already been secured: (1) Document a set of good practices for national multistakeholder Internet governance structures and mechanisms; (2) Pilot the application of such practices in sub-Saharan Africa, including a conference to share learnings from pilot participants.
  • A follow-up meeting of the Coordination Council will be held in Brussels, Belgium, on 8 June 2016. 
[--end of UPDATE--]

NETmundial Initiative: "Council members are currently considering the future direction of the NETmundial Initiative, and will make decisions at the Council's face-to-face meeting in Madrid, Spain, on 26 February 2016. In the meanwhile the nomination process for a new Council announced previously is on hold pending the outcome of that meeting."

NETmundial Initiative Coordination Council2nd Face to Face Meeting, Madrid, Spain
Date: 26 Feb 2016 - Remote Participation: Adobe Connect Room.

AGENDA - times shown below are UTC:

08:00 - 08:30 Welcoming Remarks from Host, Co-Chairs Overview of Achievements.
Moderator: Eileen Donahoe

08:30 - 10:00 WEF [World Economic Forum] & ICANN Withdrawal: Financial & Political Consequences; Looking Forward - A quick reality check; value of NETmundial; order of magnitude of costs; potential new partners, etc. This session is meant to inform the next sessions.
Moderator: Jean-Jacques Subrenat
10:00 - 10:15 | Break

10:15 - 12:00 Moving Forward - Share and explore feasibility of ideas presented in the non-paper and subsequent CGI.br position paper; relationship with the IGF.
Moderator: Wolfgang Kleinwächter
12:00 - 13:30 | Lunch

Afternoon Agenda TBD - to be determined based on work of morning sessions
13:30 - 14:30
14:30 - 14:45 | Break
14:45 - 15:30
15:30 - 16:00 NMI Roadmap Post June 2016
Moderator: Marilia Maciel
16:00 - 16:15 | Approval of Communique

Background:
The NETmundial Initiative (NMI) was one of  ICANN President and CEO Fadi Chehade's personal pet projects while on "ICANN's dime" (Fadi is Co-Chair, as is Jack Ma and others), reportedly funded (in part) by ICANN, though NMI has never received wide support from either the global internet community, nor the "ICANN community"--see NETmundial Initiative Lacks Backing, and ICANN Should Not Lead and other sources below. See also this ICANN Documentary Information Disclosure Policy Request (pdf) and Response (pdf).

See on Domain Mondo:
NetMundial Initiative (NMI) - (Wikipedia): "The NMI was launched in on 6 November 2014 in a
partnership between the Internet Corporation for Assigned Names and Numbers (ICANN), the Brazilian Internet Steering Committee (CGI.br) and the World Economic Forum (WEF). Its Inaugural Coordination Council consisted of 23 members ... Leading up to and following the initial scoping meeting of NMI in Geneva, Switzerland in August 2014, several actors in the broader Internet governance ecosystem expressed concerns over NMI's proposed organization and activities. Concerns intensified following the official launch in November of that year. ISOC, the IAB and ICC BASIS published statements outlining their concerns ... According to Julia Pohle in the Global Policy Journal, there were three main controversial issues surrounding NMI raised by civil society and the technical community: permanent seats on the NMI Council, potential interference with the UN Internet Governance Forum (IGF) and concern over disproportionate involvement in decision-making by economic and political elite. NMI retracted the notion of permanent seats on the Council, committed to supporting the efforts of the IGF and generated Internet Governance Process Principles to comprehensively address concerns regarding adherence to bottom-up, multistakeholder consensus-driven governance."

#netmundial



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