Snap, the parent company of Snapchat, is looking to add some cash to its coffers via a new proposed private offering of $1 billion in convertible senior notes, with a due date for maturation of August 1, 2026. The debt offering will be used to cover the cost of general operating expenditures involved in running […]
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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, an over 11% 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 mainly relevant for… Read MoreSnap has already tumbled 11% on day four
Fitbit is going to have a rough holiday season as the company shared a disappointing outlook for the next quarter on yesterday’s earnings call. As a result, Fitbit shares (NYSE:FIT) opened at $9.03, down 29.5 percent compared to yesterday’s closing price of $12.81.
So what happened exactly? Fitbit’s earning report yesterday wasn’t great, but it wasn’t too bad either. Read MoreFitbit shares tank 29 percent as holiday sales look bleak
A startup from Columbus called BYLINED is aiming to make it a bit easier for brands and people to come together in a win/win situation resulting in more unique photography. Through their free app and photo ecosystem, BYLINED enables brands, agencies or publishers to issue a request for a certain type of photo—an assignment or commission so to speak—that people with smartphones… Read MoreBylined crowdsources product photos for brands
This has been quite a few past couple of weeks for Twitter, with a new CEO, a renewed double-down promise to developers, love to its employees (after some “tough love” by way of layoffs), Ballmer being in for 4%…and more.
The street agrees, with Twitter stock jumping up 5% today:
Twitter, which is a notoriously volatile stock, for a variety of reasons (including lack of… Read More