Could IPO now stand for “It’s Positively Over?” The Wall Street Journal reported that a majority of companies are struggling (to put it politely) after having gone public last year. In fact, said the publication, of the 175 firms that bowed on the public markets...
The U.K.’s top payments startup, Powa Technologies, is failing to pay its own employees and suppliers after running out of investment money and failing to raise fresh funding. CEO Dan Wagner said that the company was “missing or late with staff payments and salaries” in a video...
Lest you think it’s only the small investor who flees at the drop of a hat, or stock, consider that some of the biggest names in the hedge fund world have cored their holdings in Apple as if they’d discovered worms in the once-highflying tech...
The investment pond was more or less tranquil this week, with only around $118M in total activity exciting the waters. And though most investors have been more focused on the latest round of earnings, Polish beacon firm Kontakt.io managed to pick up another $5M to...
In its latest move towards building muscle against ride-hailing companies in the Asian market, Uber has raised another $200 million from Russian billionaire Mikhail Fridman’s investment fund, LetterOne (L1). With the latest round of funding under its belt, Uber now plans on going the extra...
In a divergence from its traditional method of tech investing, Spanish banking firm BBVA is closing its venture arm, known as BBVA Ventures. The parent company will then take the $100 million it had in that fund, along with an additional $150 million, and form...
Lyft investors Andreessen Horowitz and Peter Thiel’s Founders Fund discreetly sold off part of their stakes to Saudi Arabia’s Prince al-Waleed bin Talal and his Kingdom Holding Co. for $148 million in a deal authorized by the ride-hailing startup. The sale of shares by the two major investors comes on the...
One financial industry heavyweight is putting his money where his bank is. Jamie Dimon, chief executive officer and chairman of JPMorgan Chase, has bought 500,000 shares of the company’s stock, with the purchases coming on Thursday (Feb. 11), said The Wall Street Journal. It’s a...
The era of big data is a dual-sided promise and problem coin for those who try to leverage it to build their bottom line. The good news is that through the combined power of cloud processing, mobile technology and an increasingly ubiquitously digitally enabled landscape,...
