This doesn’t bode well for the online travel market.
Is Samsung’s golden smartphone era coming to an end?
On the heels of its $126 million IPO, Wi-Fi technology and solutions maker Ruckus Wireless’ stock price dropped about 18 percent in its first day of trading on the New York Stock Exchange.
Yahoo’s stock price is taking a nice stroll upwards, ticking up more than 3 percent in after-hours trading following a better-than-expected earnings report today.
The NASDAQ has reached levels not seen since 2000 at the tail end of dot-com bubble. And tech has had a lot to do with it.
Hong Kong-based 8 Securities, an investment service for the average Joe, announced the launch of its first product Monday. The company’s inaugural product is a web app where investors can buy and sell stock, research investment strategies, and connect with other investors via Facebook and Twitter.
Groupon shares soared in early trading this morning to $28, a 40 percent increase over its $20 price announced last night, as the company made its initial public offering.
SecondMarket, a company that lets people buy shares in private companies — including in popular pre-IPO companies like Facebook, Twitter, and Groupon — said it has raised $15 million in a third round of financing.
On a damaging day for the U.S. stock market, enterprise-focused stocks got hammered just like everything else. But their prospects during a downturn are better than most, according to analysts contacted by VentureBeat.
It’s day two of complete market mayhem. Has the chaos closed the window for companies looking to file for an initial public offering?
Amazon might have grabbed a first-mover advantage by beating Apple and other companies to the punch with a web-based music storage and streaming service — but it wasn’t enough to floor investors in the same way companies like Apple have done in the past with these kinds of announcements.
Shares of Amazon.com were down almost 10 percent in extended trading after the company posted less-than-stellar earnings for its most recent operating quarter.
Apple’s chief executive Steve Jobs has decided to take a leave of absence from running the company, and his timing couldn’t be better.
Out with the old, in with the new.
Online investing service Betterment announced today that it has raised $3 million in a first round of funding led by Bessemer Venture Partners.
Somewhere in the stock market’s noise today, there’s a very clear signal: enterprise hardware sales are in trouble. Despite upbeat forecasts from Intel and Nvidia for the fourth quarter this year, a forecast from enterprise giant Cisco for this holiday season paints a terrifying picture that could signal the end of the business-tech comeback.