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Is an Uber IPO Just a Pipe Dream Now?

Jun 15, 2017, 8:48 am EDT

Ride-hailing service Uber has endured an astronomically high level of unfortunate events over the past year. Some of these happenings were a series of bad luck. Others were self-inflicted wounds brought on by big egos and poor workplace culture. Source: Shutterstock

Earlier this year, CEO Travis Kalanick called for Uber to undergo an internal investigation following sexual harassment and gender bias allegations at the company. The investigation was led by former U.S. Attorney General Eric Holder.

Those results were just released, suggesting almost 50 ways that Uber can improve its workplace. Read 

Snap Inc (SNAP) Stock Is Disappearing Along With Its Users

Jun 13, 2017, 2:02 pm EDT
Snap Inc (SNAP) Stock Is Disappearing Along With Its Users

According to a report from Bloomberg, Snap Inc (NYSE:SNAP) is this year’s most shorted tech initial public offering. About 28% of the float is in short positions. Source: Shutterstock

It’s true that short sellers can get things very wrong. And there is always the potential for a short squeeze. This is when short sellers are forced to buy back stock to cover their positions.

But regarding SNAP stock, there are serious fundamental issues to keep in mind. Investors got a sense of this during the company’s first quarterly report as a public company. Even though revenues soared, there was lackluster growth in the user base. Consider that the quarter-over-quarter increase was a mere 5%. Read 

Spotify Leads the Unicorns to the Public Market

Jun 9, 2017, 1:56 pm EDT

Spotify, a money-losing music streaming service, seems poised to go public on the New York Stock Exchange this fall through a “direct offering,” in which owners offer their shares to the public market rather than the company issuing new stock.

This is supposed to test the direct offering model, which hasn’t been used on a big operation since Freddie Mac went public in the late 1980s.

But it will also test the true value of unicorns, private companies with valuations of $1 billion or more. Investors, in turn, should be asking if the smart money wants out, what do they really think of their investment? Read 

Blue Apron’s Next Delivery Could Be Shares as Meal Delivery Service Files for IPO

Jun 2, 2017, 11:35 am EDT

Blue Apron Holdings, Inc. filed to go public yesterday. The meal-kit startup said that it’s grown sales to $800 million last year from under $80 in 2014. The company has raised $193.8 million in venture capital and was valued at $2 billion in 2015.

In its S-1 filing with the SEC, Blue Apron claims it delivered more than 159 million meals to homes in 48 states. The lead underwriters include Goldman Sachs Group Inc (NYSE:GS), Morgan Stanley (NYSE:MS), Citigroup Inc (NYSE:C) and Barclays PLC (ADR) (NYSE:BCS), according to the filing. Read 

Snap Inc (SNAP) Stock Shoots to New Lows on First Earnings Faceplant

May 10, 2017, 5:07 pm EDT
Snap Inc (SNAP) Stock Shoots to New Lows on First Earnings Faceplant

Welcome to the public markets, Snap Inc (NYSE:SNAP). Life here can be brutal.

SNAP stock is off a grueling 25% in after-hours trading following its first earnings report as a publicly traded company, which included a miss in user growth and revenues. Should these prices hold, Snap will wake up Thursday to all-time lows.

Wednesday’s losses were exaggerated thanks to a run-up ahead of the report. Credit that to a broad tech rally that has lifted everyone from Apple Inc. (NASDAQ:AAPL) to Amazon.com, Inc. (NASDAQ:AMZN) to Netflix, Inc. (NASDAQ:NFLX). But it looks like it will take some more time for Snap to get into the same league. Read 

3 Reasons Snap Inc (SNAP) Stock Might Crack After Earnings

May 9, 2017, 10:16 am EDT

Snap Inc (NYSE:SNAP) will report is first quarterly results as a public company tomorrow. No doubt, there is quite a bit riding on this for SNAP stock. Source: Snap

Let’s face it, Snap Inc has been quite volatile since the company pulled off its IPO in early March. While the shares got off to a strong start, they have since trailed off. Consider that the range has been $18.90 to $29.44.

This compares to the IPO offering price of $17. Read 

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