Twitter has finalized its share price for tomorrow’s initial public offering at $26. This will enable the company to raise close to $2 billion, significantly higher than the $1.4 billion to $1.7 billion that Twitter initially filed for, and this will give Twitter a stock market valuation of about $14 billion.
Twitter’s IPO is tomorrow, and the company could be worth as much as $16 billion, if it prices itself at the top end of its range. Or it could be valued much higher, if the stock pops on opening day.
Wall Street has seen Apple’s lower cost answer to Android’s growing global market share, and the pin-striped cufflinked penny-loafered class doesn’t like it.
Something is going very right at the world’s social network. At least according to Wall Street.
Outside of the tiny (but wealthy) island of Japan, international sales for Apple are pretty much in the crapper.
Apple stock dropped below $400 again as an analyst lowered his forecast for the company. Wall Street, apparently, is losing faith that Apple can return to its brief glory days of 2012 as the mobile-fueled technology highflier it was.
Which other global company, I wonder, would start its developer conference with a poem? None, I suspect.
Which is probably why we both love and hate Apple.
Editor’s Pick Android’s market share is a joke, and most tech writers aren’t getting the punchline.
He might be the calm, steady hand that Apple needs right now. But with Apple stock down 36 percent from its peak, he’s not what Wall Street wants. Here’s what he should do.
The first part of Tim Cook’s answer was exactly what Wall Street wanted to hear. The second part, not so much.
Apple reported its second quarter 2013 results today, with revenue of $43.6 billion and income of $10.09 per share. Analysts had expected revenue of $42.5 billion and income of $10 billion. Apple’s guidance had been between $41 and $43 billion.
“iPhone 5 sales have failed to impress. There’s been a lack of innovation over the past few years to come up with the next great device, and consumers have filed to see any differentiation. Samsung has captured the market.”
The big Wall Street banks are among the last Twitterless bastions of the American workplace. But even their high walls are crumbling thanks to a new Bloomberg terminal product — and perhaps a recent SEC decision on Netflix CEO Reed Hastings.
Bay Area-based Marin Software is set to sell its initial shares late on Thursday. Analysts expect to see a strong debut from the digital ad management company.
Since December of last year, Google stock is up 20 percent. Since December of last year, Apple stock is down 20 percent.
“I’m very proud that we’re out front, that we’re changing people’s lives, that we’re doing what’s right and just in moving the ball forward,” Cook said today. “I don’t mean to gush, but it’s how I feel.”
Guest Post We need to appreciate that Apple’s so-called disappointing performance is still extraordinary by many measures, and that it has the capabilities to keep winning in its markets, which it may yet redefine with more blockbuster products.
BipSync, a startup created by three Stanford graduate students, aims to simplify the process of gathering, retrieving, and analyzing information about investment opportunities.
Wall Street likes data. Annual reports and quarterly reports move markets. If Wall Street could access daily data on the ins-and-outs of a company, it would. Hedge funds have been known to use analysis of satellite imagery of Wal-Mart parking lots to try to get a jump on the markets.
Amazon today released its 3rd Quarter earnings, turning in a per-share performance of just 14 cents, missing Wall Street expectations of 25 cents per share by a wide margin. The ecommerce giant saw revenue decrease by 73 percent, to just $63 million, which is likely to further punish the stock price.
It’s no secret that Facebook‘s Mark Zuckerberg is not a fan of the idea that a major Hollywood film may go on to define his life on celluloid. But “The Social Network“, which comes out next month in film festivals and nationwide October 1, is exactly that — a Hollywoodised version of the Facebook founding story, complete with Zuckerberg at its helm as the hacker-traitor antihero.