The Wall Street rumor mill has been working overtime during the past month. Just a week after shares of Salesforce (CRM) popped double-digits following a report that the company was preparing to sell itself for $55 billion, shares of Yelp (YELP) jumped nearly 30% for the same reason.
Read More
How To Steal Apple's Technology Without Worry
Chinese technology conglomerate Xiaomi has continued its trend of copying American tech companies by releasing its Mi Band. Known for blatantly infringing upon Apple’s (AAPL) intellectual property, the Xiaomi Mi Band is a fitness tracker designed to compete with the Apple Watch, Fitbit bracelets, and Jawbone bands
Read More
Alibaba Back On Track
Chinese e-commerce conglomerate Alibaba (BABA) first issued its record $25 billion IPO on the NYSE in September 2014. At the time, there was much fanfare from anxious investors eager to buy shares of the company. However, since then, Alibaba's public sentiment has fallen. Since its IPO, Alibaba's share price has mostly fallen, reaching a historic low of $79.54 per share on May 5th.
Read More
Microsoft To (Likely) Acquire Salesforce
One of the Silicon Valley’s biggest success stories, Salesforce.com (CRM), which provides enterprise cloud computing services for customer relationship management, has put itself up for sale. The company, which began as a small, niche software startup, has quickly evolved into a formidable software-as-a-service (SaaS) company. Today, Salesforce is the leader in the $20B customer relationship management market.
Read More
Fitbit Files For IPO
As of last Thursday, private health and fitness monitoring company, Fitbit, filed for an initial public offering (IPO) of common stock under the ticker symbol "FIT." In selling equity, Fitbit plans to raise $100 million in additional operating capital; the company also hopes to gauge investor sentiment and promote its product portfolio.
Read More
Corrupt Costolo Out Of Time
In what was one of the more unusual events on Wall Street last week, Twitter’s (TWTR) Q1 earnings report was leaked before the closing bell. Ironically, the results were made public via a series of tweets from Selerity, a data science firm. The tweets revealed that Twitter missed revenue expectations by more than $20 million and also cut quarterly and annual guidance. Not surprisingly, Twitter’s stock price plummeted more than 20%.
Read More
Stocks To Move Even Higher
Although the stock market is shattering records, and publically traded companies are more valuable than ever, much of Wall Street fears an upcoming “market correction." The general consensus is that September 2015 will mark the end of the Fed’s Quantitative Easing program, and the beginning of interest rate hikes (also known as the Federal Funds Rate). In response, investors are hesitant to invest capital in the stock market.
Read More