The thing about shiny new things, is that they are often dulled by repeated play. Roblox, the virtual world gaming platform, is finding that out the hard way as its muted second quarter guidance — released Thursday morning (May 9) — has since sent the...
Walmart’s shares reportedly reached an all-time high Friday (Nov. 3), with investors betting on its ability to thrive during the holiday season. This peak, at $166.30, is the highest point since Walmart’s inception on the New York Stock Exchange in 1972, CNBC reported Friday (Nov. 3). One...
Digital bank Nubank reportedly saw its shares dip after CEO David Velez sold a portion of his stake in the company. The stock fell by as much as 8.6% during New York trading, marking the largest intra-day decline since April, Bloomberg reported Thursday (Aug. 17)....
TrueCar, the online vehicle listing platform, is set to undergo a strategic restructuring aimed at rationalizing its organization and improving efficiency amid broader downshifts in the sector. In an announcement Wednesday (June 14), TrueCar described “a strategic restructuring to streamline the organization, including a workforce reduction...
August 23, 2022
In the tightest housing market in memory, it’s hard to wrap one’s mind around the fact that thousands of very desirable second homes sit empty most of the year. That inventory isn’t rented or listed, which seems a pity considering how nice — and empty — these homes are. That’s an opportunity waiting for the right […]
July 07, 2020
Wall Street has famously been called “both voting machine and weighing machine.” Of course, voting is a bit of popularity contest, and as retail investors (and some institutional ones) crowd...
February 21, 2020
Groupon is out of the business of selling consumer goods — an announcement that followed yet another disappointing earnings run from the eCommerce firm. The news took both consumers and...
January 30, 2020
PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed. However, despite...
July 23, 2024
Revolut is reportedly preparing a share sale that would value it at $45 billion. The British FinTech is close to a deal that would see it sell roughly $500 million in employee-owned shares, the Wall Street Journal (WSJ) reported Tuesday (July 23), citing sources familiar with the matter. The report noted that the sale is […]
November 03, 2023
Walmart’s shares reportedly reached an all-time high Friday (Nov. 3), with investors betting on its ability to thrive during the holiday season. This peak, at $166.30, is the highest point...
August 17, 2023
Digital bank Nubank reportedly saw its shares dip after CEO David Velez sold a portion of his stake in the company. The stock fell by as much as 8.6% during...
June 14, 2023
TrueCar, the online vehicle listing platform, is set to undergo a strategic restructuring aimed at rationalizing its organization and improving efficiency amid broader downshifts in the sector. In an announcement Wednesday...
