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.
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.
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.
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.
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.
"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.
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
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.
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.
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
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
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.