Facebook’s stock just hit a new low and has now lost more than 50% of its value since the social network’s IPO in May. This new record low comes after analyst firm BMO Capital Markets cut its price estimate on the company’s shares from $25 to $15 today Read more »
How 9 Tech Giants Traded After Going Public [INFOGRAPHIC]
Now that Facebook has filed paperwork for its Initial Public Offering , the world will be watching the company’s value. Assuming the SEC approves the filing, stocks will likely begin trading in May. The social network will be offering $5 billion in stock, and some estimates of market value place the company at a whopping $100 billion Read more »
Groupon Shares Continue Free Fall, But Why?
Groupon stock continued its plunge Wednesday, trading in the $17 range, well below the company’s $20 IPO price. Read more »
Netflix Stock Down After Company Projects Full-Year 2012 Loss
Netflix ‘s stock price appears to be heading for another down day after the company predicted it would post losses for 2012. The admission, revealed in an S-3 form the company filed on Monday, states that “as a result of the relatively flat consolidated revenues and previously announced increased investment in our International segment, we expect to incur consolidated net losses for the year ending December 31, 2012.” Netflix had previously projected that it would lose money only for the first few quarters of 2012. Read more »
Amazon Stock Plummets as Kindle Weighs on Earnings
Amazon ‘s stock fell 17% in after-hours trading Tuesday after the company’s net income missed analysts’ estimates and the Kindle weighed on profits. Read more »
Timeline: How Netflix Lost Two-Thirds of Its Value in 3 Months
It’s hard to believe that a mere three months ago, Netflix stock had reached its all-time high at $300 per share . After Monday’s announcement that the company lost over 800,000 subscribers due to its price hike, the stock took a sharp dip Read more »
Netflix Stock Plummets 27% Following Earnings Report
And the Netflix hits just keep on coming. The company’s stock price, which was flirting with $300 over the summer, was trading at around $85 — down roughly 27% — in after-hours trading. The impetus seemed to be Netflix’s disclosure that it lost 800,000 subscribers in its most-recent quarter, when it had predicted the company’s September price increase would merely slow growth in the quarter Read more »