Square, the San Francisco e-commerce start-up, plans to raise at least $100 million in a new round of venture capital funding, according to a person briefed on the investment.The new round of financing would value the San Francisco-based start-up at $6 billion, said the person, who spoke on the condition of anonymity because the talks were private.
Morgan Stanley isn't pulling any shots with their investor notes on the release of the Apple Watch in 2015. The industry view is cautious, they say, cautious just like they were before the launch of the iPhone in 2007. Cautious, they say, just like the industry was before the launch of the iPad in 2010.
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.
With Apple Pay slated to launch this month, all eyes are on Apple to see if it can shake the curse of NFC payment systems and break through to mass adoption. We won't know if it succeeds for a while, but Morgan Stanley's Craig Hettenbach certainly seems upbeat about the possibility.
For more, see The Oatmeal'sHere are the main ideas in President Obama's proposal: 1) no blocking as long as the site is legal; 2) no throttling, or intentionally slowing down or speeding up specific content; 3) increasedo paid prioritization (Netflix or Hulu can't receive either faster or slower service based on whether the company pays a fee to the ISP).
Uber has long proclaimed to be “everyone’s private driver.” Soon, those drivers will be able to play your own tunes while you ride.On Monday, Uber, the San Francisco-based ride-hailing service, plans to announce a new partnership with Spotify, the online music service, according to two people familiar with the companies’ plans.
Lending Club, the online marketplace for loans, has raised its IPO price range to $12 to $14 a share from $10 to $12.At the top range of that, Lending Club will raise up to $929 million when it goes public tomorrow, which makes it the largest IPO for a US tech company this year. On a fully diluted basis, Lending Club will be worth more than $6.5 billion.
Fitbit, the company that makes wearable fitness trackers, plans to IPO in 2015, Serena Saitto and Leslie Picker of Bloomberg report . The company will reportedly have Morgan Stanley lead the offering, which could raise about $150 million, according to Bloomberg's sources. Since it was founded in 2007, Fitbit has raised $66 million total , most recently through a $43 Series D round in August 2013.
The analysts got this figure by looking at the total number of people who will own an iPhone 5 or later by the time the Watch launches next March, which is estimated to be 315 million, then estimating that 10% of those people will buy a Watch.
Google has never shied away from novelty or big spending to find ways to connect more people to the Internet. Over the last two years, its ideas have included fleets of little satellites, solar-powered drones that would fly around the world and balloons that float high into the stratosphere, beaming the Internet to those below, Conor Dougherty reports.
The biggest IPO in U.S. history is taking place Thursday, as Chinese e-commerce giant Alibaba goes public on the New York Stock Exchange. And there's one American company that will experience a windfall from Alibaba's stock, not just today, but in the months and years to come: Yahoo. Yahoo's continued windfall would have been smaller if not for one woman at the company.
Update: The stock recovered a bit right before close but still finished down almost 3%. Original story below: Stocks are down to start the week , but quietly, shares of Apple are getting crushed, too. Apple shares are down more than 3% against the market's roughly 1.8% decline.
A day after Amazon unveiled new features to improve Amazon Web Services, Morgan Stanley published a note saying that AWS is becoming the “new normal” for companies, replacing their own in-house data centers.“AWS will remain a dominant market player and continue to disrupt existing enterprise infrastructure,” the note said.
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.
Crowdfunding sites are typically meant for companies with bright ideas, but they don't work so well for personal fundraising -- there's a lot of setup involved, and the fees you'll pay could be better spent on the cause in question. Indiegogo wants to make those personal campaigns relatively painless with its newIndiegogo Lifesite.
There are moments when we meet someone [and immediately invest]," he stated. "I was in Istanbul one month ago for a conference. We listened to ten companies that were pitching on stage. One of them clearly had traction. It was two guys. I had never met them before.