Lambda School, a San Francisco-based startup that provides free coding courses in exchange for a cut of its students’ future incomes, has raised $74 million in Series C funding, the company announced on Friday. The deal follows a flurry of education technology deals amid the coronavirus pandemic, which has upended both the K-12 and higher education systems and cast a spotlight on tools that...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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