Shares

New iPhone Launch Pushes Apple Past $1T Market Cap
New iPhone Launch Pushes Apple Past $1T Market Cap
September 11, 2019  |  What's Hot

Apple has reached a rare milestone for a second time. The company’s stock went up 3 percent during Wednesday’s (Sept. 11) trading and gave the...

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PhonePe’s $7B Valuation Drives Walmart Shares To All-Time High
PhonePe’s $7B Valuation Drives Walmart Shares To All-Time High
September 06, 2019  |  Investments

The payment arm of Flipkart, PhonePe, has been valued at $7 billion by Morgan Stanley, according to reports. The news is good for Walmart, which...

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Death Knell – Or Big Fizzle – For The High-Growth, Red-Ink IPO?
Death Knell – Or Big Fizzle – For The High-Growth, Red-Ink IPO?
September 06, 2019  |  Sizzle/Fizzle

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,...

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Investors Sour On Uber, Lyft
Investors Sour On Uber, Lyft
September 03, 2019  |  Ridesharing

Shares of Uber and Lyft hit their lowest levels ever on Tuesday (Sept. 3). CNBC reported that Uber closed down 5.7 percent to $30.70, falling...

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Megvii AI Startup Files For Hong Kong IPO
Megvii AI Startup Files For Hong Kong IPO
August 27, 2019  |  IPO

AI startup Megvii Technology has filed for a public listing on the Hong Kong stock exchange. The Beijing-based company, known for its facial recognition brand...

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Uber Shares Sink 7.6 Pct. To Record Low After Staggering Q2 Loss
Uber Shares Sink 7.6 Pct. To Record Low After Staggering Q2 Loss
August 12, 2019  |  Ridesharing

Uber shares have hit their lowest level ever following devastating Q2 losses of $5.2 billion, according to a report by CNBC. The shares fell 7.6...

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Farfetch Shares Drop 50 Pct. From IPO Offering
Farfetch Shares Drop 50 Pct. From IPO Offering
August 09, 2019  |  Investments

Farfetch shares dropped to half their IPO price on Friday (Aug. 9), after it reported big losses and investors questioned whether a recent acquisition made...

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DoorDash Seeks $400M Before IPO
DoorDash Seeks $400M Before IPO
August 09, 2019  |  Delivery

Delivery startup DoorDash is hoping to secure a $400 million credit line ahead of its upcoming IPO, sources told Bloomberg on Thursday (Aug. 8). JPMorgan...

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Lyft Shares Slide On COO Departure News
Lyft Shares Slide On COO Departure News
July 29, 2019  |  Personnel

John McNeill, Lyft’s chief operating officer, is leaving the ride-hailing company, according to a report by Bloomberg. Lyft said it would not hire a replacement....

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