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.
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.
Facebook's top product person has displaced the top sales person in the company's ranking of its highest paid executives.Chris Cox, Facebook's chief product officer, made his debut appearance on the company's proxy statement today, with a total 2014 compensation package worth $12.47 million.
This story was originally sent to thousands of professionals just like you in this morning's IoT WEEKENDER newsletter. Don't be left in the dark while your competition gets ahead each morning. Learn more about our 7-day FREE trial now FITBIT’S IPO A BIG SUCCESS: On Wednesday night FitBit announced its official IPO price of $20 per share.
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.
Bloomberg's Dana Hull quoted New York University professorGalloway, who made the bold claim that Tesla isn't a car company — it's a luxury brand.Here's the thing about those three events: only one person in the mix seems to understand what Tesla actually is.
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
Dave Goldberg is half of one of Silicon Valley's most powerful couples. He's the CEO of uber successful Valley company SurveyMonkey, with an epic career that began in the Internet bubble days. And he's married to Sheryl Sandberg, the COO of Facebook. By any measure, Goldberg has a fantastic life.
Jawboneis suing its archrival,Fitbit, for "systematically plundering" confidential information. According to the complaint, Fitbit recruiters attempted to poach almost one-third of Jawbone's staff. Some of those employees left the company, but not before downloading "critical trade secrets" including business plans and product details.
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.
Back at the 2014 Paris Motor Show, Lamborghini left us speechless with the unveiling of the Asterion LPI 910-4 , the company's first plug-in hybrid. They made it clear then that the car was just a working concept, meant to serve as a technology demonstration. It offered just about the best of everything with a 5.2-liter V10, three electric motors, and an incredible 910 horsepower with 57.3 mpg.
I'm not quite keen on playing a massive game of Minesweeper when a tiny one is enough to make me go nuclear. But hey, if you've aways dreamt of playing it on 24 high-definition displays, you can send in an application to participate in the Minesweeper Super Challenge by a company called Cinemassive.
Three new Apple Watch ads have been uploaded tonight to the company's YouTube channel.Apple Airs 3 New Apple Watch Ads with “Apps at a Tap” Tagline [VIDEOS] is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource
Chatr customers on the company's $25 per month plan can now add data to the mix.Rogers’ Chatr Mobile Launches 500MB, 1GB Data Add-Ons for $25/Month Plan is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource
Ad tech company Rocket Fuel has rejected a $350 million takeover bid for the company made by rival firm Gravity4. In a letter to Gravity4's founder and CEO Gurbaksh Chahal, Rocket Fuel's interim chief executive officer Monte Zweben wrote said the offer was not "credible.""We are in receipt of your letter datedMay 7, 2015regarding your proposal to acquire Rocket Fuel.
Amazon doesn't offer its employees a terribly good 401(k) retirement savings plan, according toananalysis of the plan by Bloomberg. Bloomberg even calls theplan "pretty brutal." That's a reference to a recent report in the New York Times that blasted Amazon'swork environment, calling it "bruising.
Men's short-shorts may seem like an unlikely product for an ecommerce startup. But for Chubbies cofounders Kyle Hency, Rainer Castillo, Preston Rutherford, and Tom Montgomery, it was the most natural thing in the world to start a company based around retro-inspired shorts.