The ten most valuable US tech companies have suffered a combined $82.7 billion value loss today, led by Facebook’s continued slide. The social media firm, whose value plummeted by a record $124bn…
Slow Growth and a European Exodus – But Don’t Ring Facebook’s Death Knell Yet
Facebook is having a week to forget. On Wednesday the social media giant revealed that revenue growth would “continue to decelerate in the second half 0f 2018” – and that it had…
SoftBank Ponders Massive Telco IPO
Japanese telecommunications giant SoftBank is considering an IPO of its Japanese mobile phone business, in a move that could raise ¥3 trillion ($18bn). The share sale, to take place on the Tokyo…
The Worst Five Tech IPOs of All Time
IPOs are risky business–just ask Snap CEO Evan Spiegel, whose first financial report post-IPO left much to be desired. But while the Los Angeles-based social media firm will have had few traders…
Snap Posts Less-than-Thrilling Post-IPO Financials
Snapchat parent company Snap has released its first earnings report post-IPO, and they’re not great. Revenue for the first quarter of 2017 was $149.6 million. That compares to a loss of $2.2bn,…