The two-tiered structure of London’s main stock market could be streamlined into a single entry point to encourage an easier path for fast-growth technology firms and startups to publicly list, as competition ramps up from the U.S. and the EU. Proposals from the U.K. Financial...
This year’s tech stock sell-off has cost Tiger Global around $17 billion, one of the largest declines ever for a hedge fund, the Financial Times (FT) reported Tuesday (May 10). This performance means Tiger Global — among the world’s largest hedge funds — has seen...
Shares of Tesla dropped more than 11% Tuesday (April 26) — taking more than $100 billion in valuation with them — following CEO Elon Musk’s deal to buy Twitter. As the Financial Times (FT) reported, Musk plans to purchase the social media platform for $44...
In payments, there are the disruptors — and the risk that the disruptors get disrupted. Buy now, pay later (BNPL) companies and other FinTechs that promise to change the ways commerce is done have been having a moment, you might say. Over the past several...
Elon Musk, CEO of Tesla and SpaceX, has purchased a 9% stake in Twitter Inc., sending the mini-blogging social media’s stock to $49.34 per share in premarket trading, a 26% rise, The Wall Street Journal reported Monday (April 4). Musk holds 73,486,938 shares of common...
Video game retailer GameStop Corp.’s shares are up 12% early Wednesday (March 23) after surging more than 30% Tuesday, in part because Chairman Ryan Cohen said he had purchased 100,000 shares of the company’s stock Tuesday (March 22). RC Ventures LLC paid between $96.81 and $108.82...
Germany’s Delivery Hero fell more than 31% — its largest decline ever — after the food delivery service published projections for the year that were seen as underwhelming. As Bloomberg News reported Thursday (Feb. 10), shares were temporarily halted for the company, with the drop...
The London Stock Exchange (LSE) wants to draw big-growth tech firms to the U.K. as Brexit has seen the dust settling, according to a report Saturday (Jan. 15) from The Wall Street Journal. This could blur the line between public and private companies, as the...
Visa, Mastercard and other payments stocks were on the decline on Tuesday (Nov. 23) amid a spike in COVID-19 cases in Europe. As MarketWatch reported, this resurgence has led to fears of new lockdowns, which could in turn result in plummeting consumer spending. Visa fell...
