From the ashes of WeWork’s failed IPO … more ashes? Perhaps so, at least for the traditional IPO model. Other money-losing firms are seeing their stocks shudder and dive. One notable example is Peloton, whose shares debuted below the offer price and sank lower. But...
In the direct-to-consumer sales race, in the sprint to get shoes on feet and apparel off the racks, Nike has evidently brought its A Game to digital. In the summer of 2017, the company said it would look to gain traction with what it called...
You’d be forgiven for thinking that the WeWork IPO – rather, the shelving of that IPO, at least for now – heralds the end of rich valuations for firms viewed as entrenched in the early stages of disruption. But the news this week that Stripe...
In many cases, unity is a good thing. Banding together for a common cause, perhaps a charitable one, or rooting all together for a home sports team — there’s strength in numbers. For Big Tech, Monday offered a show of unity likely less than desired....
Are we witnessing the death knell for the IPO that is tied to high-growth, but money-losing, companies? Whether WeWork – specifically, the parent company We, though we’ll use the names a bit interchangeably – files to go public at a reduced valuation, delays its IPO or...
In retail – the brick-and-mortar kind – only impermanence is permanent. The body count mounts in terms of physical stores becoming ghost towns, where storefronts shutter, where malls scramble to become mixed-use spaces. In the latest news, as students gather their backpacks and pencils fly...
Third time’s no charm. Three quarterly reports, three straight declines in quarterly sales for Kohl’s. Beyond the vagaries and volatility in stock price, where Kohl’s shares sank in the wake of its earnings report last week, Kohl’s showed the lingering impact of the physical store...
A trade war tariff reprieve does not a sustainable rally make, at least not for Chinese tech stocks. However, the news Thursday (Aug. 15) was centered on earnings at Alibaba, where shares were up low single-digit percentages after results beat estimates. And it’s fair to...
As the price of bitcoin surged this week, cryptocurrency (namely, Facebook’s Libra) has been under increased scrutiny by regulators. The folks who bought their bitcoin at around $4,000 are feeling pretty smart. The folks who bought at near $20,000 are feeling a bit less blue...
