Instacart (CART) Shares Fall 11% on Second Trading Day Nearly Erasing All Debut Gains
By
Tolu Ajiboye
Shares of Instacart are currently struggling to keep up with the rise recorded in the company’s debut on the Nasdaq.
Wall Street
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Klaviyo Makes Splash on Wall Street in NYSE IPO Debut
Klaviyo priced its IPO at $30 per share, offering 19.2 million shares to the public. This pricing valued the company at $9 billion on a fully diluted basis.
Pinterest Reports 6% Revenue Growth in Q2 2023, PINS Shares Gain Over 3%
For Q2 2023 which ended on June 30, Pinterest reported revenue of $708 million and global monthly active users of about 465 million.
Instacart Stock Jumps 40% on Nasdaq IPO Debut, Closes at 12% Up
By
Tolu Ajiboye
Instacart had a successful IPO and closed the day 12% higher, reeling in $420 million in cash from the Nasdaq offering.
Microsoft Is Gradually Closing In on Apple as It Eyes Position as World’s Largest Stock
By
Tolu Ajiboye
Although hundreds of billions away, Microsoft’s valuation is gradually closing in on that of Apple, racing to become the world’s largest.
Instacart Boosts IPO Price Range amid Arm’s Stellar Debut
The performance of Instacart IPO will provide valuable insights into the appetite for tech-driven companies and the willingness of investors to pay a premium for companies operating in sectors with significant growth potential.
Nasdaq Composite Closed Lower on Tuesday as Oracle Loses 13% and Other Tech Stocks Slide
By
Tolu Ajiboye
The Nasdaq saw a lower close as tech stocks fell after Oracle released figures that disappointed Wall Street.
Oracle (ORCL) Stock Suffers Biggest Decline in 21 Years, Here’s What Happened
Tuesday’s stock drop has not affected the performance of Oracle shares in an overall sense.
Oracle Shares Drop Over 9% after Reporting Bleak Q1 2024 Revenue Outlook
Following an uptick in first-quarter revenue, Oracle’s board of directors approved a cash dividend of about 40 cents per share, which will be paid out to shareholders on October 26.
Roku Stock Jumps as Company Announces Laying Off 10% Workforce
Roku said that the company’s decision of lay-offs come as it plans to cutdown on expenses and eventually focus on growth.
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