Zynga's stock is getting hammered again today, falling over 7% this morning.
Being relative newbies to this whole tech IPO thing, some of us in the office are asking, "What the heck is going on here?"
We were spoiled by Groupon and LinkedIn this year. We just thought, "IPOs pop. At least for the first few days.
Tesla will reveal its next vehicle, the mass-market, $35,000 Model 3, in March. The startup carmaker will only be showing us the sedan version, but last year CTO JB Straubel said the Model 3 will actually be a platform upon which a family of vehicles can be built.
In its first-ever earnings report as a public company, Square showed solidgrowth in both total revenue and gross payment volume, driving its share up 3% in after hours. Here are the most important numbers:EPS: loss of $0.34. (Non-GAAP results were a loss of $0.
Analysts had estimated that GoProposted$0.02 in adjusted EPS, near the lower end of a range of -$0.01 to $0.17, according to Bloomberg. Revenues wereexpected at $434.9 million.Guidance for Q1 revenues was lighter than expected, at $160 million to $180 million, with $287.2 million expected.
When he was a boy, growing up in Nottingham, England, Andrew Gower couldn't afford to buy all of the video games he wanted to play. Rather than mope, he rallied. A wunderkind programmer, Gower created his own versions of the most popular games, pieced together from clues printed in text and image in the pages of video game magazines.
audio here About 56 minutes intothe call ( audio here ), analyst David Wong from Wells Fargo asked Intel, "will there be any product lines or types of products that you'll be pulling out of in the future, with all the cuts that you're making?"Intel CEO Brian Krzanich said something startling toward the end of the company's earnings call on Tuesday.
Shares of electric car maker Tesla aresurging Fridaymorning. The stockis up more than 7% in pre-market trading after CEO Elon Musk unveiled the prototype of the company's new Model 3 in a ceremony last night in Los Angeles. At the ceremony, Musk announced that the company has taken more than 115,000 pre-orders in just 24 hours for the car that's slated to reach customers by the end of 2017.
GoPro is having a bad day, and the company's investment in itself is probably making it worse. The company reported earnings Wednesday posting a unexpected loss of - $0.08 per share versus expectations for earnings of$0.02 per share. And this was merely the latest piece of bad news for the company which had pre-announced that its fourth quarter earnings would be disappointing.
Less than an hour before Comcast announced its NBCUniversal division is buyingDreamWorks for $3.8 billion on Thursday, BTIG Research analyst Richard Greenfield had penned an open letter to Comcast CEO Brian Roberts explaining why he thinks the deal would be a "mistake." Greenfield thinks Roberts has "mouse envy" and wants to use DreamWorks to transform Comcast into Disney.
Times are tough in the market for initial public offerings. 2016 has seen the fewest IPO deals, and lowest deal value, since the gloomy post-financial-crisis days of 2009 . There have been just nine IPOs this year in the US, raising a total of $1.2 billion, according to Dealogic. That's down from 33 deals worth $5.5 billion in the same period last year and 59 deals worth $10.
"Jeff decided to ask the Compensation Committee to forgo his annual equity grant, and to instead put those shares back in the pool for LinkedIn employees," the representative said.The company confirmed that this was the first time Weinerhas given up his shares.LinkedIn CEO Jeff Weiner is taking one for the teamand forgoing his $14 million stock bonus to give it back to his employees.
Nearly 47% of the shareholdersSalesforce just announced the cash bonus awards it granted to executives and, not surprisingly, its founder CEO Marc Benioff (the heart and soul of the company) did well, collecting a$2.33 million bonus. That'safour-times bigger cash bonus than what most of the other named executives got, including Salesforce's other cofounder, and head of engineering, Parker Harris.
Competition is good for everybody. Case in point: Google recently dropped a massive update for the stock Android keyboard that brings in a ton of new features that we've seen from the likes of the now-Microsoft-owned SwiftKey and the Redmond company's multiplatform Word Flow apps . For starters, there's a one-handed mode and quicker access to the number pad and emoji.
At the closing bell, shares of Atlassian, listed under the symbol TEAM, were trading for $27.78, up 32% from the $21 level it priced its shares atand giving it a hefty $5.78 billion market cap.Atlassian basicallygrew $1.2 billion overnight. And considering that it was valued at $3.3 billion as a private company, that's especially impressive.
Shares of action camera maker GoPro surged 19% on Wednesday, after news spread that it hired one of Apple's veteran hardware designers. GoPro announced that it had hired Danny Coster, a longtime Apple veteran who is listed on Apple patents going back to 1995 , to be its Vice President of Design. Coster was a key member of Apple design boss Jony Ive's team.
Yahoo just officially hung up a "for sale" sign. Company chairman Maynard Webbwrites thatYahoo is "exploring additional strategic alternatives" to the four-point growth planthe company laid outin a press release. The company's stock is down nearly 2% after-hours, despite its fourth-quarter earnings revenue beat.
Facebook is flying high Thursday morning after posting stronger than expected earnings. As of the market open shares of the social media giant are up just over 10% at $119.79. The high-flying move comes the day after the company crushed profit, revenue, and user growth expectations.
Amazon CEO Jeff Bezos has had a nice three months. On February 9, three months ago, Amazon's stock was trading at around $482a share. On Tuesday, it finished at an all-time high of $703.07. That's a nice increase for Amazon investors, and for the company itself, which now boasts a market cap of roughly $332 billion. But the biggest winner is undoubtedly Bezos, the company's founder, who owns 17.