Monday, August 15, 2022
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Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit

Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVCCourtesy: TSVCEugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year.The firehose of money from venture capital firms, hedge funds and wealthy families pouring into

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Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros. Discovery, DraftKings

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company's initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company's shares were initially priced at $72.Mario Tama / Getty ImagesCheck

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Stocks making the biggest moves premarket: Expedia, Block, Lyft and more

Check out the companies making headlines before the bell:Expedia (EXPE) – The travel website operator's stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline

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Stock futures tick up ahead of key Fed decision

Stock futures ticked up in overnight trading as traders await the Federal Reserve's latest interest rate decision, scheduled to be announced Wednesday afternoon.Futures on the Dow Jones Industrial Average rose by 66 points, or 0.21%. S&P 500 futures gained 0.55% and Nasdaq 100 futures increased 1.06%. Shares of Enphase

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Klarna valuation plunges 85% to $6.7 billion as ‘buy now, pay later’ hype fades

Currently, most buy now, pay later services don't impact a person's credit score. That's now set to change in the U.K.Jakub Porzycki | NurPhoto | Getty ImagesKlarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and

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As Klarna and Affirm falter, a new breed of ‘buy now, pay later’ startups are stealing the spotlight

Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn't comment on "speculation."Jakub Porzycki | NurPhoto via Getty ImagesWith hype over the "buy now, pay later" trend

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Stocks making the biggest moves midday: Target, Kohl’s, Peloton and more

FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, U.S., November 26, 2021. Brendan Mcdermid | ReutersCheck out the companies making headlines in midday trading.Target — Shares of the retailer fell more than 4% after the company said it will take a short-term hit

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Stocks making the biggest moves in the premarket: Target, J.M. Smucker, Kohl’s and more

Take a look at some of the biggest movers in the premarket:Target (TGT) – Target announced a series of moves to "right-size" its inventory levels, including additional markdowns and canceling orders. It cut its operating margin guidance for the current quarter to 2% from the prior 5.3% but said

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Stocks making the biggest moves midday: Target, Lowe’s, TJX and more

Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles.

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Jack Dorsey outlines Block’s bitcoin-centric future at first investor day in five years: ‘No longer just a payments company’

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.Anushree Fadnavis | ReutersBlock executives no longer want the firm to be seen as a payments pure play.The San Francisco-based company held its first investor day

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