By CCN Markets: There’s a song that says, “one is the loneliest number.” In fact, zero is the loneliest number, especially when it is preceded by a dollar sign. And $0 is where WeWork stock is going to go after the next recession hits, but don’t count on anyone else to tell you that. So avoid […]
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In a move that is long overdue, JPMorgan Chase is floating the possibility of an IPO for Fannie Mae and Freddie Mac, Fox Business reports. Resurrection for Mortgage Guarantors Both Fannie Mae and Freddie Mac collapsed during the financial crisis as qua…
By CCN Markets: Slack makes its debut on the NYSE Thursday. The popular digital team collaboration platform is going public with a $16 billion valuation, at a starting price of $26 per share set Wednesday. And ahead of its IPO, the CEO says his plan is…
By CCN: In yet another example of the ongoing irrational exuberance in the stock market, Beyond Meat soared 15% in after-hours trading to $115 after its first post-IPO earnings report. Or rather, its first post-IPO loss report. Once again, the stock ma…
By CCN: The Saudi Arabian Public Investment Fund (PIF) was one of the first believers in Uber, ponying up billions of dollars to invest in it back in 2018. Now that the ride-sharing company has finally gone public, the fund stands to be one of the bigg…
By CCN: Investors have been rubbing their greedy little hands together thinking that the Uber IPO will make them rich. However, a close look at Hoover’s model, financial statements, and the rideshare market provides investors with plenty of reasons to short Uber’s stock. @dkhos You are gonna get sued by the investors😂#Uber IPO: Uber loses an average of 58 cents per ride — and says it’s ready to go public – CBS News https://t.co/O1uqoW0ZQC — Drive With Dignity (@DignityDriver) May 7, 2019 Reason No. 1: Uber has massive losses that will only grow Even though revenue has almost tripled between
The post There Are a Million Reasons to Short Uber’s New Stock. Here Are Three. appeared first on CCN
By CCN: Lyft’s stock remains stuck in the doldrums, trading 22% below its IPO price of $72. Yet, the company appears to have its proverbial head stuck in the sand about its stock market debut flop. Lyft board member Maggie Wilderotter believes th…
By CCN: Uber is priming investors for its much-vaunted IPO, but there’s a severe problem. Namely, this problem is that Lyft IPO was a complete disaster and Uber is tarred with the same ride-share brush. To avoid the stigma, the Uber team is seeki…
By CCN: If you’re not careful, you’ll get whiplash from the speed at which the mood in the market is changing. We’ve gone from a doom-and-gloom recessionary outlook to one that’s now sunny skies ahead. In fact, the stars appear …
By CCN: Despite experiencing its first bearish pause early Monday, Zoom’s stock rebounded and continued the rally. The stock initially dipped 2.8% Monday after spiking more than 72% on Thursday in Zoom’s Nasdaq debut. It’s clear Zoom&…
By CCN: Pinterest priced its IPO at $19 a share, as reported by CNBC, exceeding the once lowered $15-$17 range provided by the online pinboard company. Pinterest could have gone bigger, as investor demand for the shares has already sent the new stock …
Uber and Lyft might be getting ready for a couple of prime-time IPOs, but that doesn’t mean its all smooth sailing for the ride-sharing unicorns. Recent scrutiny on the amount that they pay their drivers is threatening to overshadow the public-listing …
The story of Lyft’s rise to glory is quite a tale. The ride-hailing service filed to go public on Friday with a potential valuation of $20 billion to $25 billion, with a familiar prospectus which shows rising revenue which could one day turn into…
The big debate amongst IPO investors right now is whether they prefer Uber or Lyft. Both companies might appear to offer practically the same services, but when you get into the details things become less clear. Lyft is technically a “unicorn” with a v…
Uber posted $1.8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2.2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the company looks to charm investors into an initial public off…
Uber posted $1.8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2.2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the company looks to charm investors into an initial public off…
2018 left some very clear signs about the way the businesses (crypto or otherwise) raise funds. ICOs have all but died out, disguised as token sales launched from lightly-regulated tropical islands. The great move to allow investors of all backgrounds …
2018 left some very clear signs about the way the businesses (crypto or otherwise) raise funds. ICOs have all but died out, disguised as token sales launched from lightly-regulated tropical islands. The great move to allow investors of all backgrounds …
Identitii Limited, a blockchain-based digital identity management innovator, has launched an $11 million IPO on the Australian Securities Exchange (ASX). The Australian company aims to sell 14.6 million shares at the rate of 75 cents per unit. The proc…
Cryptocurrency trading platform eToro is considering holding an initial public offering (IPO) as it seeks to expand its products further into the global marketplace. According to the Financial News, the Tel Aviv-based eToro has been holding early-stage…