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.
The last time shares closed below $200 was in May.Tesla has been getting hammered. It hit a trading peak of $291 on Sept. 4. If its slide continues, the stock will have shed about 47% since peaking.Tesla's stock fell below $200 per share in trading on Tuesday. The stock recovered and is back at $202, down only marginally from where it opened. Shares dropped as low at $195, in morning trading.
Box’s long-awaited IPO may finally happen this week. But if you are an investor planning to buy its shares, there’s one thing to understand: it's selling dual-class shares. According to its S1, Box is offering two types of shares in its offering, Class A and Class B.
It's been a great year of returns for Yahoo's investments. On Friday, the company nabbed another windfall when its spinout, Hortonworks, became a public company . Yahoo retained a 17%-plus stake (7,572,174 shares), according to forms filed with the SEC . The stock is trading at about $25 on Monday, well above the initial $16 IPO price, and is worth $189 million.
Sridhar Natarajan and Zijing Wu, citing two people familiar with the deal, Alibaba is planning to raise up to $8 billion in the offering.Ratings agencies Fitch and S&P both assigned 'A+' ratings to Alibaba's corporate credit rating. S&P cited the company's "dominant market position in e-commerce in China and the company's minimal financial leverage.
Share buybacks are a common tactic large companies employ to boost their share price. The company buys back shares sold on the market, reducing the total number of shares available, thus boosting each outstanding share's price.A big part of Yahoo's value has been tied up to its ownership in Alibaba shares, the giant Chinese e-commerce site that had the largest IPO in the US last year.
In early 2014, a few months before taking his company public, Zendesk CEO Mikkel Svane and his two cofounders, Morten Primdahl and Alexander Aghassipour, went out for drinks in San Francisco.It was the first time in a while that the three cofounders had gotten together after work. They founded Zendesk in Svane’s Copenhagen apartment seven years ago, and the three were close friends.
FireEye disappointed investors when it announced earnings and guidance that fell short of expectations. The shares are down a whopping 23% in after-hour trading. FireEye was one of the most beloved stocks at the start of the year.
Before people started going crazy over the current incarnation of number puzzle games like 2048 and its ilk, a few years back, there was Drop7. But developer Zynga surprisingly stopped updating or improving it, that is, until now. They have now rebooted the game that was one of the first puzzle game successes, but it seems like not everyone is crazy about the changes they made.
Uber has hired Goldman Sachs to raise money from the bank's high-net-worth clients, Fortune's Dan Primack reports. Primack reports that Goldman began sending information packets on Uber to its wealth management clients Monday morning and that the bank could raise "hundreds of millions of dollars to support Uber's balance sheet and international expansion efforts.
Well, that was fast. Twitter casually mentioned at itsAnalyst Dayfestivities last week that it'd soon give users the ability to share public Tweets in private conversations, and nowa new updateto its apps and web clients means you can do just that.
Still playingWords with Friends? Well, then Zynga's rewarding your loyalty with a huge update on the app's fifth birthday, complete with a redesigned interface and new features. The New Words with Friends (yes, it's been renamed, as well) doesn't only lookflatterthan its predecessor, it also comes with a new feature called Solo Mode, which lets you play on your own without internet connection.
Next week, a Boston-based tech company called HubSpot plans to raise ~$100 million in an inital public offering on the New York stock exchange. Hubspot is a software-as-a-service company, which means it makes software that companies subscribe to, rather than simply buy and install. The software it makes is marketing software for small to medium-sized business.
Picture the scene: you're throwing a house party with guests sipping at your expensive whiskey and a good time is being had by all. Suddenly, unexpectedly,the Hamster Dancepops up on theSonos- curse your eclectic music tastes - and the atmosphere suddenly turns restless. Never fear, because soon you'll be able to nudge the track to something more suitable just by banging a finger on yourMoto 360.
Huawei apparentlyjust can't waitto show some of the wearable tech it has in store this year. While the company isn't supposed to reveal its Mobile World Congress plans until a press event on March 1st, it has already postedbothvideosandairport adsrevealing its first Android Wear device, the plainly-titled Huawei Watch.
GoPro is up 2.4% today. At $68.00, shares are up a whopping 27% just this week. On Friday, Amazon.com highlighted the GoPro HERO4 SILVER, headstrap mount and clip, and accessories kit among its list of holiday best sellers. GoPro is also one of the most heavily shorted stocks in the market with 41% of its equity float being shorted.
that killed one Virgin Galactic test pilot and injured another. Virgin Galactic and Virgin America are owned by the same parent company, Virgin Group. Virgin Galactic is the experimental space tourism arm.Richard Branson's Virgin America airline announced today in an SEC filing that it is planning to raise up to $368 million in its IPO.