Tag Archives: IPO
SAN JOSE — A year ago, Facebook was being blamed for eviscerating the tech IPO market.
This year, it could help resuscitate it.
Some stock watchers suggest Facebook’s recent reversal of fortune reflects a rejuvenated tech market, and the company would have fared much better had it gone public this year.
“It’s both Facebook performing well, and (a stronger) tech (market) helping any high-profile tech stock,” says Bill Tai, a general partner at Charles River Ventures.
FACEBOOK FUTURE: Stock struggles to shake off malaise
“What happened last year is ancient history,” says John Fitzgibbon, founder of market researcher IPOScoop.com. “Facebook was a spectacular pop and flop. Market conditions were bad then.”
But Facebook’s strides in mobile advertising and healthier financial standing
Bitcoin has become a scorching-hot commodity among speculators.
SAN FRANCISCO — Pure gold or Fool’s gold?
Bitcoin, “virtual currency” that isn’t recognized by any nation or bank in the world, was once dismissed as a goofy idea embraced by nerds and anti-government types. Today, it’s considered either an ideal payment system for the Internet or a digital Ponzi scheme.
Yet become a scorching-hot commodity among speculators — including the Winklevoss twins made famous in the Facebook movie, The Social Network — who
SAN FRANCISCO — Twitter’s prospects as an IPO candidate just got brighter.
The San Francisco microblogging company is expected to haul in $950 million in ad revenue in 2014, according to eMarketer, as the company gains traction in mobile advertising. That’s up from the firm’s September forecast of $808 million in the period.
The researcher predicts ad revenue of $1.3 billion by 2015.
Twitter is widely expected to file regulatory documents as soon as this year to go public in one of the most highly anticipated IPOs. Reports have circulated for months that the popular social-messaging service is valued at roughly $10 billion.
Twitter’s mobile advertising uptick “does bode well for an IPO,” says Opus Research analyst Greg Sterling. “There’s been a gradual
SEC filings revealed Groupon’s management was slipshod at best. With Mason gone, shareholders may see better days. Groupon employees, however, likely won’t have the benefit of the same opportunity.
Investors can learn important lessons from the disastrous tenure of ousted Groupon CEO Andrew Mason, and the most important one is this: Pay more attention to what a CEO does than what he (or she) says.
Back in November, Mason made news during an interview at a New York tech conference when he said: “If I ever thought I wasn’t the right guy for the job, I’d be the first person to fire myself.”
Those comments, which came the same week the daily deals site said its board had decided to keep Mason on, despite another disappointing quarter, caused Groupon’s stock
SAN FRANCISCO — Troubled deals giant Groupon has ousted CEO Andrew Mason, ending months of speculation that his job was in jeopardy.
The Chicago-based online deals pioneer, which famously spurned a $6 billion bid from Google, was founded by Mason and went public in 2011 with a valuation approaching $13 billion.
Shares have fallen sharply since the IPO and are now off 77% from their 52-week high of nearly $20. Groupon has struggled to gain traction amid customer and merchant dissatisfaction.
“After four-and-a-half intense and wonderful years as CEO of Groupon, I’ve decided that I’d like to spend more time with my family. Just kidding — I was fired today. If you’re wondering why … you haven’t been paying attention,” Mason said in a departure memo.
Rumors have circulated for months that Mason’s