Peloton, the maker of interactive at-home exercise bikes and treadmills with online personal training classes, set a range for its initial public offering (IPO) that could value the company at more than $8 billion.
Google will be shutting down the Google Express shopping platform and merging it with the new Google Shopping. After about 6 years, the platform has failed to properly plant its flag in the online shopping sector.
Cloudflare, provider of a cloud platform for website security and optimization, increased the proposed range for its IPO. They plan to raise $455 million by offering 35 million shares at a price range of $12 to $14.
Tesla has just announced a new power-packed “Plaid powertrain” upgrade for its Models S, X and Roadster vehicles. The Model S has already set a new record for the fastest four-door sedan.
McDonald’s has announced its acquisition of Apprente, a Silicon-Valley startup that uses artificial intelligence to better understand voice commands. McDonald’s hopes to use this to improve its voice orders at drive-throughs.
Five of the biggest stocks in the market, FAANG, aren’t performing as well as they used to and expectations by market analysts seem to be lowering consistently. Are the glory days officially over and can FAANG really be replaced?
While the iPhone 11 Pro and 11 Pro Max are surely expensive starting at $999 and $1,099, respectively, the iPhone 11 starts at what, for a newly minted model, is a pretty reasonable $699, lower with a trade-in.
Jack Ma, who is one of the technology heavyweights of all time is stepping down after a prolific career as founder and Chairman of the Alibaba Group. He is known to have been steered Alibaba from idea to startup to Global Technology giant.
It seems that We Company and its main business WeWork are having troubles with their main financier Softbank who is pushing for the company to put its troubled IPO on hold.
Tesla CEO Elon Musk, has said that the company would likely release its new pickup truck in November. Musk as described the car as futuristic an amazing, and hopes to make it a lot more affordable than the average Tesla.
WeWork has decided to revise downwards its initial valuation to $20 billion. How it intends to go through with the IPO remains unknown. Investors have already indicated skittishness following potential conflicts of interests on the part of the CEO.
Very lucrative role of the lead underwriter to the forthcoming IPO of state-owned Saudi Arabian Oil Company slated to become the largest public offering in history, will likely fall to JP Morgan Chase & Co.
Uber recently sent out an in-app survey to some drivers that indicated the company is starting to build a “new financial product” designed to help Uber drivers “in a time of need.”
Elon Musk tweeted about Porsche’s Taycan Turbo-electric sports car appearing to poke fun at the ‘turbo’ in the name. Twitter users pointed out that the Tesla CEO has his own history of using loose definitions.
Some big names like WeWork, Peloton, Cloudflare, SmileDirect and Endeavor Group Holdings plan to raise money through the primary IPO market in September 2019.