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Tuesday, September 26, 2023

Ari Levy

Wall Street’s ‘meh’ response to tech IPOs shows Silicon Valley’s valuation problem

In this articleFollow your favorite stocksCREATE FREE ACCOUNTInstacart celebrates their IPO at the Nasdaq on Sept. 19th, 2023.Courtesy: NasdaqAfter a 21-month tech IPO freeze, the market has cracked opened in the past week. But the early results can't ...

Coinbase extends hiring pause for ‘foreseeable future’ and plans to rescind some offers

In this articleCOINBrian Armstrong, cofounder and CEO of Coinbase speaks onstage during 'Tales from the Crypto: What the Currency of the Future Means for You' at Vanity Fair's 6th Annual New Establishment Summit at Wallis Annenberg Center for the Perfo...

Sheryl Sandberg was Facebook’s adult in the room, but it’s always been a Zuckerberg production

Mark Zuckerberg, chief executive officer of Facebook Inc., right, Sheryl Sandberg, chief operating officer of Facebook, left, applaud after remotely ring the opening bell for trading at the Nasdaq MarketSite from the Facebook campus in Menlo Park, Cali...

Tech’s latest IPOs are getting demolished, with Robinhood, Rivian, UiPath down over 70% from offer price

Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City.Michael M. Santiago | Getty ImagesTech stocks have gotten hammered across the board in 2022. The downdraft has been particu...

Elon Musk’s Twitter bid faces major skepticism on Wall Street

SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany.Britta Pedersen | Getty ImagesIt's not often that a company receives a takeover bid that amounts to an 18% stock pre...

Zillow soars on upbeat outlook and faster-than-expected selloff of homes in portfolio

Andrew Harrer | Bloomberg | Getty ImagesZillow shares soared as much as 20% in extended trading on Thursday after the digital real estate company said it's getting out of the home-flipping business more quickly and economically than it previously expec...

Beaten-down cloud software stocks get boost as ServiceNow and Qualtrics top estimates

In this articleWCLDNOWBill McDermott, CEO of ServiceNow.Adam Jeffery | CNBCMaybe cloud investors just needed a little reassurance.Following a brutal stretch that's seen one cloud computing index tumble 38% from an all-time high in November, two key mem...

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Watch: Sen. Bob Menendez speaks in New Jersey on heels of bribery indictment

This stream starts at 11:30 a.m. ET. Please refresh your browser if it does not show up.WASHINGTON — Sen. Bob Menendez of New Jersey is set to hold a press conference on Monday following mounting calls for him to resign.Menendez and his wife ...
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GOP moves to axe USDA proposal pressuring public schools to adopt Biden admin’s LGBTQ ‘social experiments’

FIRST ON FOX: Republicans in both chambers of Congress are moving to strike down a U.S. Department of Agriculture (USDA) rule proposal they say pressures schools to adopt the Biden administration's LGBTQ "social experiments."Florida Republican Rep. Sco...

Prabhas’ Salaar to clash with Shah Rukh Khan’s Dunki on Christmas? Here’s what we know

According to reports, Prabhas' Salaar will clash with Shah Rukh Khan's Dunki on Christmas.Prabhas’ much-awaited film Salaar was earlier scheduled to be released on September 28 but was postponed due to some technical problems. Now, if the reports are t...

Sen. Bob Menendez makes announcement on political future, insists he’ll be exonerated on federal indictment

[unable to retrieve full-text content]Sen. Bob Menendez, D-N.J., indicted for a years-long bribery scheme to benefit the government of Egypt, said Monday he expects to be exonerated.

Maharashtra: Hearing on Shinde group MLAs’ disqualification pleas from October 13; CM opposes clubbing of petitions

After hearing arguments from Shiv Sena factions led by Maharashtra Chief Minister Eknath Shinde and Uddhav Thackeray.After hearing arguments from Shiv Sena factions led by Maharashtra Chief Minister Eknath Shinde and Uddhav Thackeray, Assembly Speaker ...