The Jersey-based owner of Petco and Swiss watchmaker Breitling is slated to start trading on the Amsterdam stock exchange on Friday with a valuation of up to $16 billion, enough to mint 10-figure fortunes for at least two co-founders.
Tesla stock notched another grim milestone Friday, extending stock year-to-date dive to over 40%, and there remains plenty of cause to remain highly cautious about the stock in the near term even as it grows cheaper.
“There is nothing I hate more, but it must be done,” Tesla’s centibillionaire CEO Elon Musk reportedly said about his company’s decision to eliminate more than 10% of its workforce.
The price of bitcoin surged to an all-time-high in March this year – and it’s expected to rise again as the cryptocurrency approaches its halving event in April.
Reddit’s long-run vision of growing advertising revenues and profitability “are promises we’ve heard too many times,” according to Bernstein analysts.
An epic reported artificial intelligence partnership out of Silicon Valley sent stocks off to a hot start Monday ahead of a crucial week for markets.
Bitcoin soared to a new record high Monday, topping $72,000 for the first time amid increasing institutional acceptance and continuing an impressive rally that has pulled the market back from the depths of a deep “crypto winter” that has hampered momentum for years following a series of major crashes and scandals in recent years.
Novo Nordisk and Eli Lilly each have a higher market capitalization than Tesla, a dramatic shift from the end of 2021, when Tesla was worth four times more than each of the weight loss kingpins.
Shares of Warner Bros. Discovery slid Friday to their lowest level ever, even after the HBO and CNN parent’s streaming unit became the first major streamer aside from Netflix to record a profitable year on record, exemplifying the struggles of legacy media companies to return shareholder value in the era of streaming.
The social media company has eyed an IPO for years, first reportedly filing confidentially back in December 2021.