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Xoom Corporation
Xoom Corporation was a digital remittance company that allowed users to send money, pay bills, and reload mobile phones internationally. The company was founded in 2009 and was acquired by PayPal in 2015. As a result, Xoom is no longer a publicly traded company and is now a subsidiary of PayPal. Therefore, I cannot provide real-time information about its stock price, market cap, and other financial metrics. However, I can provide some general information about Xoom's financial performance before its acquisition.
Xoom Corporation was listed on the NASDAQ stock exchange under the ticker symbol "XOOM." The company's initial public offering (IPO) was on February 13, 2913, and it raised $101 million. At its peak, Xoom's stock price reached $28.48 on September 24, 2014. However, the stock price declined significantly in 2015, and on July 17, 2015, PayPal announced that it would acquire Xoom for $890 million in cash. The acquisition was completed on November 2, 2015, and Xoom became a subsidiary of PayPal.
In terms of financial performance, Xoom's revenue grew steadily over the years. In 2014, the company reported revenue of $140.8 million, up from $57.8 million in 2012. However, Xoom had a net loss of $20.4 million in 2014, compared to a net loss of $14.4 million in 2013. In the first quarter of 2015, Xoom's revenue was $42.2 million, up 22% year over year, but the company still reported a net loss of $6.6 million.
Xoom's financial performance was impacted by several factors, including increased competition in the digital remittance space, high marketing expenses, and foreign exchange volatility. Despite its financial challenges, Xoom was a leading player in the digital remittance space and had a strong brand presence in its target markets. PayPal's acquisition of Xoom was seen as a strategic move to expand its presence in the growing digital remittance market.
In summary, while Xoom Corporation is no longer a publicly traded company, it was a leading digital remittance company that was acquired by PayPal in 2015. Its financial performance was impacted by several factors, but it had a strong brand presence in its target markets.