Sales & Marketing news

• Uber had the worst first-day dollar loss ever of any US IPO

  11-05-2019 18:37 via feedproxy.google.com
  Uber started trading on Friday in an initial public offering that valued the company at $75.5 billion.
  By the end of day Friday, the stock was trading down 6.7% off the $45 a share, where the company had priced on Thursday night. 
  With a cumulative loss of $655 million, it's the worst first-day dollar loss of a US IPO. 
  Visit Business Insider's homepage for more stories.The much-anticipated Uber initial public offering managed to break a record, but not one that investors would've hope
  
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• The Uber strike should worry investors and the company because it points to a fundamental problem with its business model (LYFT)

  11-05-2019 18:00 via feedproxy.google.com
  Uber and Lyft and their investors should be worried about the strike Wednesday by the app-based taxi companies' drivers.
  The labor action highlights a fundamental problem with the companies' businesses — they're losing lots of money in spite of paying their drivers poverty wages and have no easy way to solve the problem.
  The conundrum is likely to get only more intense — both Uber and Lyft are now public, and public shareholders don't generally tolerate ongoing losses.
  But attempts i
  
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• Goldman Sachs' glitzy new trading floor; Billionaire real-estate investor Sam Zell says now is 'the time to accumulate capital'

  11-05-2019 15:15 via feedproxy.google.com
   
  Hey Readers!
  It's been a whirlwind week. From Uber's disappointing IPO, to trade war tensions with China followed by hopes of a deal from a "beautiful letter" received by Trump, the market was definitely a roller-coaster. 
  Apart from all the markets madness, hedge fund reporter Bradley Saacks spent the past week in Las Vegas at Anthony Scaramucci's infamous SALT Conference. But while the schmoozy conference has been known in the past for its hedge fund headliners (and wild after par
  
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• The week Trump drove the stock market nuts: Here's a play-by-play of how his trade war with China wreaked havoc and erased $1.4 trillion in market value

  11-05-2019 14:05 via feedproxy.google.com
  The US stock market entered the week riding high, but saw its historically strong start to 2019 thrown into disarray as President Donald Trump reignited his trade war with China.
  The benchmark S&P 500 lost 2.2% in its worst week of the year, while roughly $1.4 trillion was erased from global stock indexes at one point.
  Visit Business Insider's homepage for more stories.
  They say all good things must come to an end, and that certainly rang true this past week for the US stock market.
  Equities
  
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• There are 360 ways to add Uber to FAANG and analysts already disagree over where to put it (UBER)

  11-05-2019 14:00 via feedproxy.google.com
  If Uber turns into the high-growth tech stock of bull analysts' dreams, the ride-hailing company could disrupt the longstanding acronym of FAANG.
  FAANG represents the five of the most popular and high-value tech stocks: Facebook, Apple, Amazon, Netflix, and Google.
  Though Uber just started trading on Friday, two analysts have already proposed adding Uber to the list. But they disagree on where to add it in. 
  There are 360 different ways U can be combined with FAANG. 
  Visit Business Ins
  
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• The 10 worst corporate logo fails of all time

  11-05-2019 10:30 via feedproxy.google.com
  Major companies like Pepsi and Gap have had some howlers over the years with some terrible logos assaulting our eyes. 
  There are plenty of worrying designs out there though which range from the poorly thought through to the downright outrageous. Business Insider has compiled the worst corporate logos of all time — from the lame, to the inappropriate to the downright outrageous. 
  It's a sign that bad design knows no limits with plenty of countries and industries represented.
  
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• A Wall Street CIO who oversees $235 billion explains how millennial investors are different from their parents — and reveals what that could mean for the future

  11-05-2019 06:18 via feedproxy.google.com
  Omar Aguilar, the chief investment officer for equities and multi-asset strategies at Charles Schwab, told Business Insider how baby boomers and millennials differ in their approaches to investing.
  Aguilar is responsible for $235 billion in assets at Schwab, and he spends a lot of time examining the attitudes and biases of investors to help them make good decision.
  Visit Business Insider's homepage for more stories.The concept of FOMO, or "fear of missing out," is mostly associated with millenni
  
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• The woman who rang Uber's IPO bell is Austin Geidt, whose life is the stuff of Valley legend (UBER)

  11-05-2019 06:13 via feedproxy.google.com
  Uber went public on Friday in one of the largest initial public offerings in history.
  There was some controversy over who got to ring the bell.
  In the end, the honor didn't go to the current CEO or the former one. It went to a woman named Austin Geidt, Uber's fourth employee.
  Her life is the stuff of Silicon Valley legend.Uber went public on Friday in one of the largest initial public offerings in history.
  Travis Kalanick, its founder, former CEO, board member, and largest shareholder, who was f
  
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• Trump 'marveled' at the fact one of his tweets seemed to move the stock market

  11-05-2019 04:58 via feedproxy.google.com
  Amid ongoing trade negotiations with China — which by Friday evening had failed to produce a deal — Trump sent a tweet, hinting at "future negotiations."
  In a Friday interview with Politico, held shortly after Trump hit send on this tweet, "Unprompted, the president marveled about the instant effect his China-related tweet had on stock prices."
  President Donald Trump has a predilection for tweeting about the economy, trade, specific companies, and the stock market. Bloomberg, in fact
  
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• Sure, Uber didn't leave any money on the table, but its IPO was nothing to celebrate and it could haunt the company and its execs for years to come (UBER)

  11-05-2019 02:42 via feedproxy.google.com
  Uber's public market debut likely disappointed insiders and investors.
  The company priced its initial public offering much lower than many inside and outside the company had been expecting, then saw its stock price plunge 8% in its first day of trading.
  The lower price meant Uber brought in less money from the IPO than it expected and that many of its shareholders are underwater.
  The biggest impact could be on its employee base; many could leave because the IPO windfall wasn't what they exp
  
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• The Pixel 3a is Google’s first real attempt to maneuver around the dominance of the iPhone, but experts say it’s likely to fall short (GOOG, GOOGL)

  11-05-2019 00:54 via feedproxy.google.com
  On Tuesday at Google's annual developer's conference, I/O, the company announced its new, cheaper Pixel lineup — the Pixel 3a and 3a XL — to much fanfare. 
  The bullish feelings surrounding the Pixel franchise were a stark difference from the prior week when Google's CEO Sundar Pichai admitted to sluggish sales of its flagship Pixel 3.
  The lower costs, powerful feature set, and wider distribution might give the Pixel 3a a chance to capture a meaningful part of the smartphone mark
  
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• 3 reasons why Uber had such a 'weird' and terrible IPO, according to a portfolio manager who wouldn't buy the stock (UBER)

  11-05-2019 00:00 via feedproxy.google.com
  After all the hype, Uber is now a publicly traded company with a market cap, at day's end, at $69.7 billion.
  That's still a eye-popping number. But a far cry from the lofty $120 billion valuation that the board wanted CEO Dara Khosrowshahi to deliver.
  The IPO wasn't just a dud, it was a weird dud.
  One portfolio manager tells Business Insider what scared him off of buying the stock.After all the hype, Uber is now a publicly traded company with market value, at day's end, of $69.7 billion.
  That's
  
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