gamestop Retail Traders Unite on Reddit to Turn Markets Upside Down Ordinary investors are using platforms like Robinhood and Reddit to coordinate massive stock surges in companies like GameStop, challenging traditional Wall Street hedge funds.
wall street Wall Street's Tech Fever Breaks as Major Stocks Suffer Weekly Decline After months of public market valuations outpacing private investor expectations, a major selloff hits big tech and SaaS stocks. This sudden shift potentially threatens the high startup valuations that venture capitalists recently feel forced to accept.
twitter Twitter Beats Revenue Expectations But Stalls on User Growth Twitter sees a 14% revenue increase in Q3 thanks to returning live sports and the election cycle, but its lack of user growth disappoints Wall Street.
stock market US Stocks Tumble After President Trump Announces Covid-19 Diagnosis Wall Street experiences a sharp sell-off as investors react to the news of President Trump's positive coronavirus test, adding fresh uncertainty to the economic recovery.
palantir Palantir and Asana Test Direct Listing Method as Alternative to Traditional IPOs Tech companies Palantir and Asana are going public this week through direct listings, doubling the number of tech firms that used this method in the past two years. The move bypasses Wall Street underwriters and avoids traditional IPO fees.
palantir Palantir and Asana Bypass Traditional IPOs With Direct Listings Palantir and Asana choose direct listings over traditional initial public offerings to go public. This alternative approach allows the companies to avoid Wall Street underwriters and let the open market set their share prices.
unity software Video Game Developer Unity Software Debuts on Wall Street Unity Software, the company behind the popular game development engine used to create hits like Fall Guys, goes public on the New York Stock Exchange under the ticker symbol "U."
snowflake Snowflake Achieves Record-Breaking Software IPO Valuation Snowflake completes the largest software initial public offering in market history, achieving a massive valuation on its first day of trading. The cloud data warehouse company sees its stock price soar well above its initial target.
tech stocks Tech Stocks Drop Sharply in Healthy Market Correction Technology stocks experience a significant sell-off as market strategists describe the pullback as a natural correction to recent excessive speculation. Major companies like Apple and Tesla lead the losses amid overbought market conditions.
airbnb Home-Sharing Giant Airbnb Confidentially Files for Long-Awaited IPO Airbnb officially submits a confidential registration for its initial public offering as the travel industry shows early signs of recovery. The move marks a major milestone for the company after years of delay and a severe pandemic-driven downturn.
palantir Palantir Files Confidentially for Long-Awaited Wall Street Debut Data analytics firm Palantir takes the first formal step toward going public by filing confidentially for an IPO. The move ends years of speculation about the secretive company's market plans.
wall street Wall Street Endures Worst Week Since 2008 Financial Crisis Amid Coronavirus Fears U.S. stocks plummet as the coronavirus outbreak wipes over $3 trillion from market values, sparking the worst weekly losses since the 2008 financial crisis. Federal Reserve Chairman Jerome Powell promises potential intervention to protect the economy.
microsoft Microsoft Surpasses Q4 Expectations as Cloud and Gaming Revenue Soar Microsoft exceeds Wall Street estimates for its fiscal fourth quarter, driven by significant growth in its cloud computing and gaming divisions. Despite the strong earnings report, the company's stock drops slightly in after-hours trading.
netflix Netflix Falls Short of Q3 Subscriber Targets as Pandemic Boom Cools Netflix adds just 2.2 million subscribers in the third quarter of 2020, missing its own forecasts and Wall Street expectations as the initial pandemic surge fades.
stock market Wall Street Endures Worst Single-Day Drop Since 2008 Amid Coronavirus Fears The stock market experiences its first true crash since the financial crisis as all three major indexes post historic percentage losses. Growing fears over the economic impact of the COVID-19 outbreak drive this unprecedented sudden decline.