StubHub's shares closed down 6.4% in its NYSE debut on September 17, giving StubHub an $8.1B market value, after the ticketing platform raised $800M in its IPO
StubHub Inc.'s initial public offering dipped 6% below its offering price … Todd Spangler / Variety : StubHub IPO Fizzles: Stock Closes Down 6.4% on First Day of Trading Bloomberg : Bloomberg Talks St...
Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M est., a $3.85B operating loss, vs. $4.31B est.; Reality Labs has lost $45B+ since 2020's end
It's burned $45 billion on the metaverse since the end of 2020. — https://www.cnbc.com/... #tech #meta #metaverse #vr X: Jason Kint / @jason_kint : So generous. This is very likely just more aggres...
Coinbase beats with $2.5B Q4 revenue, $840M net income, and 11.4M monthly transacting users, up from 7.4M in Q3; 2021 revenue was $7.4B, up from $1.1B in 2020
2021 was a year of tremendous growth and development in the cryptoeconomy, as well as for Coinbase. MK Manoylov / The Block : Coinbase earned $2.5 billion in net revenue during 2021's fourth quarter T...
The CFPB probes buy now, pay later practices of Affirm, Afterpay, PayPal, Klarna, and Zip, citing concerns over customers' debt accumulation and data harvesting
Paul R. La Monica / CNN : Source: Consumer Financial … .
Airbnb reports Q2 revenue of $1.34B, up nearly 300% YoY, with Gross Booking Value of $13.4B, up 320% YoY, and net loss of $68M, down 88% YoY
The travel rebound is upon us and Airbnb is leading the way. Paul R. La Monica / WRAL TechWire : Airbnb's warning: Delta variant means future bookings will be ‘more volatile’ Duncan Riley / SiliconANG...
SEC has stopped processing IPO and other registrations by Chinese companies as it crafts guidance for companies about the risks they face in China
Statement on Investor Protection Related to Recent Developments in China Paul R. La Monica / CNN : SEC temporarily halts approvals of new Chinese IPOs after Didi debacle David Pierce / Protocol : Big ...
Amazon responds to JEDI decision, calling it a “politically corrupted contract award” and attacks Trump's role in steering the award away from AWS
Again— In Blow To Amazon Steven J. Vaughan-Nichols / ZDNet : Amazon calls JEDI cloud decision ‘politically corrupted’ by Trump Alyse Stanley / Gizmodo : DoD: Sorry, Amazon, Microsoft's Still Getting T...
Source: Facebook held talks to acquire Fitbit but wanted to pay roughly half of the $2.1B that Google eventually agreed to pay
it has to be extremely valuable to Google. Of course, the acquisition can also affect that trust, if no lessons are learnt from Nest. https://twitter.com/... Luther Lowe / @lutherlowe : Google's braze...
Pandora beats with $384.8M in Q2 revenue, up from $378.8M YoY, a net loss of $92M, down from $289.7M YoY, reports ~6M subs to Pandora Plus and Pandora Premium
Max A. Cherney / MarketWatch : Tweets: @lamonicabuzz See also Mediagazer Tweets: Paul R. La Monica / @lamonicabuzz : Please don't stop the music. Pandora beat on revenue and reports smaller loss than...
Credit agency Equifax says breach affecting up to 143M US consumers found 7/29; sensitive data exposed included DOB, SSN, and 209K credit card numbers
Struck by cow Wall Street Journal : Equifax Hack Leaves Consumers, Financial Firms Scrambling Theo Douglas / Government Technology News : Equifax Data Breach Could Involve State Agencies but How, to W...