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.
Billionaire entrepreneur Elon Musk has loaded up SolarCity shares, just days after famed short-seller Jim Chanos disclosed he is shorting the stock. Musk, the company's chairman, spent $50 million on 123,519 shares of SolarCity at around $40.48 per share, according to a securities filing . Musk currently owns 20,805,082 shares. SolarCity closed up $3.62, or 8.83%, to end the day at $44.
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.
Google and Facebook are eating their lunch. Google and Facebook are building and buying their own ad tech. It's extremely difficult to compete with companies of that scale. Not least when they build up "walled gardens" and attempt to own every area of the ad tech stack, from buy-side to sell-side, essentially offering advertisers a one-stop-shop for all their needs.
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.
Fitbit shares aregetting wrecked on Friday, with shares down by as much as 11% in earlytrading. In a regulatory filing on Friday, the company put up more shares for sale — three million shares of common stock to be exact. That's down from the seven million it had initially proposed to sell. But the shares were priced at $29, which was lower than Thursday's closing price of $31.68 per share.
We used to have a bad habit of buying meat, sticking it in the refrigerator and forgetting about it until it was spoiled. I finally got tired of wasting money and bought a small dry erase board that I mounted on the kitchen wall next to the refrigerator. Now we make sure to write down what we’ve put in the fridge and the expiration date.
Here's an overview of today's stock market carnage in the tech industry: The least-bad award goes to Apple , which at one point was down about 6% but rallied after Tim Cook published a letter to Jim Cramer claiming that the company's performance in China was OK. Netflix was among the biggest losers , down more than 6%. It's lost about one-fifth of its value in the last three trading days.
Since the end of the financial crisis, there have been four carmakers that have staged IPOs: General Motors and Tesla in 2010, Fiat Chrysler Automobiles earlier this year, and Ferrari last week . And General Motors doesn't entirely count, because the company was reentering the public markets after its 2009 bankruptcy.
"Tesla is essentially learning how to become a manufacturing company on the fly," wrote analysts at RBC Capital Markets. "While we don’t have meaningful reason to doubt Tesla can eventually get to their targets, doing so in a timely matter without some growing pains could prove challenging."The confusion is palpable.
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.
Best Buy has updated their Canadian iPhone app to show product stock at retail stores and more.Best Buy Canada for iPhone Now Shows In-Store Stock for Products is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource
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.
Star Wars fans have waited for more than 30 years to see what happened to their favorite characters on the big screen. So naturally, we've all gone through great lengths to ensure that we don't have any of the big plot points spoiled for us. But what do you do when someone decides to spoil the movie for you, anyway? Well, today we've got a lesson on what not to do.
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.
The OnePlus X breaks new ground for the young Chinese company. Making the X, OnePlus eschewed its usual formula of stuffing the best processor in a ridiculously cheap phone. Instead, it has repurposed the internals of its debut OnePlus One into a smaller phone with a lower $249 price tag. But in achieving that admittedly impressive feat, it's gone against its own mantra.
Morgan Stanley analysts think GoPro's latest camera was a flop. The company launchedthe Hero4 Session in July, touting it as its most compact and most convenient camera yet. But according to Morgan Stanley's James Faucette and team, the camera has been a hard sell. The analysts cut their price target on the stock to $35 from $62, nearly 50%, with an "equal-weight" rating on the stock.
Even though I love reviewing audio gear more than anything else, it’s always fun to test something that makes no sound—well, almost no sound. This time, I’m trying out the UPLIFT height adjustable standing desk. To be honest, when I was given the opportunity to try out this desk, I had some reservations because I already liked my existing desk—even if it was a monster.