Visa (V) is now the second credit card processor to invest in mobile online payment provider Stripe, valuing it at $5 billion. The startup has struck deals with a number of heavy-hitting partners — including Apple (AAPL) Pay, Alibaba (BABA), Facebook (FB) and Twitter (TWTR) — as mobile payment systems take off with consumers. Kleiner Perkins Caufield & Byers, along with previous investors American Express (AXP) and Seqouia Capital, also
Facebook (FB)-owned photo-sharing site Instagram saw its mobile user base blow past rival Twitter (TWTR) in 2014. Now, Instagram’s U.S. mobile display ad revenue is predicted to overtake Twitter, as well as Google (GOOGL), in 2017, predicts eMarketer in a report released Monday. In 2016, Instagram is expected to post mobile display ad revenue of $1.3 billion, trailing microblog Twitter’s $1.7 billion and search leader Google’s $1.8 billion. But in
Twitter (TWTR) reports Q2 earnings after the close Tuesday, and Wall Street is looking for signs that the microblog’s strategies to boost user growth and profit are kicking in. But Brean Capital analyst Sarah Hindlian, in a research report Thursday, said, “We expect foreign exchange to remain a 6% headwind to year-over-year growth in both Q2 2015 and Q3 2015, similar to headwinds seen in Q1 2015.” About 34% of the microblog’s revenue in Q1 came