KAWO helps brands repurpose and automate their existing social media content onto popular Chinese social channels, giving them access to China’s 591 million Internet users.
Continued uncertainty about financial stability in Europe and a government deadlock in the United States struck publicly-traded equities on Thursday, sending the tech-heavy NASDAQ index down 3.3 percent and below a technical level of support that might indicate future weakness.
As the New York Stock Exchange saw major indices plummeting by five or six percent today, tech stocks dropped even further than many of their non-tech counterparts. The picture is especially clear if you look at the stock price changes since the market slide started August 4.
It’s day two of complete market mayhem. Has the chaos closed the window for companies looking to file for an initial public offering?
Guest Post Recent tech IPOs have been anything but predictable.
An analyst with investment bank JP Morgan, which helped underwrite business social network LinkedIn’s initial public offering, downgraded the stock today and set a price target of $85.
Zynga, the game developer behind smash hits FarmVille and CityVille, is the most profitable Web 2.0 company that has filed to go public this year. If this year’s track record with IPOs is any indication, Zynga’s IPO could easily crush every other Web 2.0 company once it makes its debut.
Share prices of online radio service Pandora skidded in its second day of public trading on the New York Stock Exchange (NYSE), falling nearly 25 percent from its closing price on Wednesday. Shares are now trading at a price below the company’s initial public offering price of $16.