finance

  • Snap has already tumbled 11% on day four

    Snap has already tumbled 11% on day four

    Snap, the parent of Snapchat, had a great first two days on the stock market, only to be followed by two terrible ones. Shares quickly tumbled to beneath $22, a more than 11 percent drop in morning trading. This means that most investors are already losing money on the social media company. Snap opened Thursday at $24 per share. It is still above its $17 IPO price, but that’s… Read More

  • Snap tumbles 12% on day three, erases gains

    Snap tumbles 12% on day three, erases gains

    Snapchat parent Snap Inc. debuted on the stock market Thursday and immediately saw substantial gains on its first two days. But the excitement has already worn off, with shares tumbling more than 12 percent on day three. After finishing Friday at $27.09 per share, Snap closed at $23.77 on Monday, beneath the $24 where it opened on its first day of trading. This is still above the $17… Read More

  • Jay Z launches Arrive to fund startups, offer branding support and more

    Jay Z launches Arrive to fund startups, offer branding support and more

    Jay Z’s new venture capital firm Arrive, has arrived — the rap and business mogul has been planning the launch for a while, according to reports that surfaced in February, but a press release from parent company Roc Nation made it official on Monday. The investment platform will work with early-stage startups, and offer investment of capital as well as assistance with business… Read More

  • Thiel’s chief of staff tapped as White House deputy CTO

    Thiel’s chief of staff tapped as White House deputy CTO

    Peter Thiel has been at Donald Trump’s side since the Republican National Convention, guiding the then-candidate on technology policy and brokering a meeting between him and top tech executives. Now Thiel has secured a place for one of his top aides in Trump’s White House — Michael Kratsios, formerly chief of staff at Thiel Capital, will step into the role of deputy chief… Read More

  • Snapchat soars again on second day of trading

    Snapchat soars again on second day of trading

    Snap Inc., the parent of Snapchat, has been off to the races with its debut on the stock market. Yesterday, the stock closed at $24.48, a 44% gain from the IPO price of $17. And today it’s gone up a bit further, surpassing $29 at one point, an almost 20% increase from the close of yesterday. Shares later fell to $27, but it’s still on track for a 10% gain for day two. This… Read More

  • Did Snap leave money on the table?

    Did Snap leave money on the table?

    Snap priced its IPO at $17 per share on Wednesday, raising $3.4 billion. Then it opened Thursday at $24 per share and closed at $24.48. That’s a 44 percent gain for the select investors who bought into the IPO.  And that gain looks great… for new investors. But it also means that Snap could have sold its shares for a higher price! If Snap priced its shares just a little higher… Read More

  • Snap stock finishes up 44% on first day

    Snap stock finishes up 44% on first day

    Snap, the parent company of Snapchat, had a great day in its debut on the New York Stock Exchange. After pricing the IPO at $17 per share yesterday, the stock opened at $24. It then closed the day at $24.48, a 44 percent premium to the people who bought it yesterday. But like with all IPOs, not everybody got to access Snap’s IPO price. This is usually reserved for a smaller group… Read More

  • Snap valued above $30B as shares pop more than 40% in public trading debut

    Snap valued above $30B as shares pop more than 40% in public trading debut

    After months of hand-wringing, Snap’s IPO has now set the stage for what people will be expecting for the future of its business. Snap’s performance this morning is also setting the stage for what investors and Wall Street will be looking for at tech IPOs moving forward this year. Read More

  • Looking to sell utility billing data to lenders, Urjanet rakes in $20 million

    Looking to sell utility billing data to lenders, Urjanet rakes in $20 million

    With a pitch to provide utility payment data to lending companies, Atlanta-based Urjanet has managed to raise $20 million in new financing. Lenders are hungry for new ways to loan money to consumers but are struggling to pick up borrowers among debt-wary millennials who remember the pain of the 2008 financial crisis and are unwilling to take the perceived risk of lending to potential… Read More

  • Zenrez raises another $6 million to take on ClassPass

    Zenrez raises another $6 million to take on ClassPass

    The growing fitness boutique industry sees inefficiencies when there are empty spots in a workout class. Studios often have to pay the yoga teacher the same whether there are five people or 15 who attend a session. Several startups have tried to solve this problem, by offering discounted passes to meet demand. ClassPass gained early traction with consumers, but San Francisco-based Zenrez… Read More

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