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.
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.
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.
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.
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.
As Luigi annihilates Toon Link, knocking him off-screen in clever and fatal attack moves, the players make small talk. It is a bar, after all.I recently attended a SF Game Night to see why gamers flock here instead of staying on their couches to unwind with some video games.Power Up," a mix of Michter's Rye, orange ginger syrup, bitters, and wine-soaked cherry.
"Google it" has become a very common sentence or command in an era where search has become almost second nature to digital natives (and even digital newbies). But if you're the type of person to go "anti-establishment" or you feel like Google doesn't bring you the search results you really want or need, then your next best bet would be its competitor, Microsoft's Bing .
This week the folks at Barnes & Noble announced that they'd be buying back the shares of Nook they'd sold over the past several years. This began with an October 2012 investment by Microsoft of $300 million dollars to create Nook Media LLC. Two months later, British education and publishing company Pearson purchased a stake in Nook for $89.5 million.
Apple is no stranger to stock buybacks so its no surprise that the trend continued in the 2014 fiscal year. And how much stock did Apple buy back this year? According to a new report for FactSet , Apple spent over $56 billion buying back stock this year. That's $36.8 billon more than IBM who took the second for most spent on buybacks with $19.2 billion.
Lenovo is set to jump into the connected home market, as a new home security camera dubbed the ‘Cloud Camera’ has been spotted making the FCC rounds. The device, which pretty plainly copies some of the Dropcam aesthetic appeal, comes suspiciously ahead of CES, where Lenovo typically unveils a myriad of new products.
It's not a big surprise, but Apple CEO Tim Cook isn't exactly a poor man. In the company's filed SEC Schedule 14A , it was disclosed that Cook pulled in a cool US$9,222,638 in compensation last year. Of that amount, $1,748,462 was his salary, non-equity incentive compensation was $6,700,000, and another $774,176 in "other compensation" added to the total. That total was over double the $4.
So far, these concerns have just made me sound like Chicken Little.The S&P 500 is up strongly from where I first flapped my gums.That's actually good for me, because I own stocks. And, for the reasons I describe below, I'm still not selling them. But my concerns haven't changed. In fact, as stocks continue to rise, my worries continue to increase. I've described them in detail below, too.