Reddit’s stock briefly pumped yesterday after an old news article resurfaced — it’s deeply in the red today
With Reddit’s stock down ~50% since its early February peak, investors in Reddit haven’t had much to celebrate in the last month or so, as the AI momentum reversal has wrecked many of the highest-flyi...
Since Ferrari spun out from Fiat, it’s been on a tear. Porsche’s public market journey has been bumpier.
In October 2022, Volkswagen leadership decided to take a leaf out of the Fiat-Ferrari playbook and unleashed Porsche — one of the most lucrative jewels in its crown — from its vast garage of brands, s...
Reddit shares got absolutely smoked compared to social media rivals like Meta and Snap yesterday, dropping 20%
Yesterday, shares suffered their worst drop since going public just under a year ago, as the platform’s rocky start to 2025 continues. After a pretty remarkable 2024 , the stock is now down more than...
Buy now, pay later giant Klarna is finally ready to file for IPO
Buy now, pay later company Klarna is only days away from filing its long-awaited initial public offering. With aims to price the IPO in early April, the Stockholm-based fintech is targeting a valuatio...
Discord is chatting about an IPO
Nice scoop from the Gray Lady , reporting that online chat group network Discord is in early, exploratory talks about going public. An offering of shares would likely be of interest to some extremely ...
Palantir’s CEO just started selling stock again
outspoken CEO Alex Karp has resumed selling the company’s stock following the approval of a new stock sale plan that would allow him to dispose of nearly 10 million more shares, worth roughly $860 mil...
Mixue has more stores than McDonald’s; investors clamor to buy its stock after hotly awaited IPO
The meteoric rise of Luckin Coffee — chief domestic coffee rival in China — has been nothing short of remarkable, with the chain adding 17,833 stores, the equivalent of ~10 new outlets every single d...
Where did all the UK IPOs go?
Things went from bad to worse for London’s capital markets scene last year when the UK saw the lowest number of IPOs in decades, with a mere 17 listings added — down 96% from its 2005 peak. London’s r...
Crypto boom boosts Coinbase Q4 earnings, but stock sinks anyway
, the largest crypto exchange in the US, reported blowout fourth-quarter earnings on Thursday, thanks to the bull market buoyed by the new administration. “It’s the dawn of a new era for crypto,” cofo...
Alphabet stock drops as Q4 revenue misses expectations
stock dropped after the tech giant posted Q4 revenue that fell short of Wall Street’s expectations, showing its growth continuing to slow. Another big surprise was Alphabet CEO Sundar Pichai saying th...
Palantir reportedly invested in a space firm planning an IPO
Space company Voyager Technologies has confidentially filed for an initial public offering, according to The Wall Street Journal. The Colorado-based company, which is one of many firms developing a co...
SPACs are back for 2025
Days before the November election, Cantor Fitzgerald filed an IPO registration for its 10th SPAC, just months after filing for its ninth. The company raised $2.2 billion across seven SPACs in 2020, ta...
No one wants to list their stock in London
London and New York have long been seen as the financial capitals of the world, but in recent years, the American finance hub has grown larger and larger while England’s capital city has fallen behind...
Venture capital is its own worst enemy
If you polled a collection of CEOs and asked if they preferred managing a private company or a public company, the majority would almost certainly say “private.” The reason is straightforward: going p...
There’s a real math problem with MicroStrategy’s obscene valuation premium
MicroStrategy, Michael Saylor’s software company turned bitcoin-holding vehicle, is worth $106 billion, making it one of America’s largest 100 companies by market capitalization. For context, the mark...
Investors in flailing social network X might snatch victory from the jaws of defeat
Elon Musk’s acquisition of Twitter was, in a purely financial sense, a bad deal, and everyone ( including Musk! ) knew it was a bad deal. The primary issue was that Musk agreed to pay $54.20 per share...
Final Boss: A talk with Charlie Youakim, CEO of the stock market’s favorite buy now, pay later company, Sezzle
You may not have heard of , a small but mighty player in the growing buy now, pay later space. It’s been a pretty good year for the Minneapolis fintech firm. Since being listed on the Nasdaq last year...
Investors can’t get enough Cava after its earnings report
Fast-casual Mediterranean chain Cava reported earnings after the market close on Tuesday, and investors loved the stock almost as much as customers love their braised lamb bowls. Cava’s Q3 revenue gre...
The stock market belongs to r/WallStreetBets again
Today’s best trading advice can be found in everyone’s favorite subreddit : r/WallStreetBets favorites like , , , , and of course are surging today. A Goldman Sachs basket that “consists of US-listed...
Reddit is now crushing it thanks to AI
When Reddit filed to go public in early 2024, I thought its valuation seemed steep. According to Reddit’s S-1 , the company had made $804 million in revenue in 2023, up ~20% from the year before, but ...