Patreon lays off 13% of workforce

Patreon lays off 13% of workforce

Creative platform Patreon has laid off 30 employees, which is 13% of its workforce, TechCrunch has learned. “It is unclear how long this economic uncertainty will last and therefore, to prepare accordingly, we have made the difficult decision to part ways with 13% of...
Software companies give back ground after an impressive rebound

Software companies give back ground after an impressive rebound

Software as a service companies, modern software firms often referred to by the acronym ‘SaaS,’ had a tough day in the public markets. The basket of companies, as tracked by Bessemer’s cloud index, dropped 4.49% during regular trading hours. The losses gave back some...
Netflix beats growth predictions with 15.77M net new subscribers

Netflix beats growth predictions with 15.77M net new subscribers

With almost everyone stuck at home thanks to the COVID-19 pandemic, Netflix was widely expected to do well in the first quarter of 2020 — but it did even better than anticipated. Before the current crisis, Netflix had forecasted 7 million net new paid subscribers for...