A view of Google Headquarters in Mountain View, California, United States on March 23, 2024. Tayfun Coskun | Anadolu | Getty Images Advertising is so back. After a brutal 2022, when brands reeled in spending to cope with inflation, and a 2023 defined by layoffs and cost cuts, the top digital advertising companies have started … Read more
Bipul Sinha, CEO, Chairman & Co-Founder of Rubrik Inc., the Microsoft backed cybersecurity software startup, rings the opening bell during his company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., April 25, 2024. Brendan Mcdermid | Reuters Data management software maker Rubrik jumped in its New York Stock Exchange debut on Thursday, … Read more
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Greylock Partners Rubrik, a data management software company backed by Microsoft, priced its IPO at $32 a share, according to a person familiar with the matter. That’s above its expected range. The 10-year-old company had planned to … Read more
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images MicroStrategy founder and bitcoin evangelist Michael Saylor entered into a stock-sale plan with his company last summer that allowed him … Read more
Marc Andreessen and Ben Horowitz Getty Images Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. “This marks an important milestone for us,” Ben Horowitz, who co-founded the firm … Read more
What a difference a year makes. Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. The industry’s first-quarter results will come against a more pleasant backdrop than last year, when the March 2023 collapse of Silicon Valley Bank sent shockwaves throughout the sector. The … Read more
The trading floor of the New York Stock Exchange (NYSE) prepares for Reddit’s initial public offering (IPO) on March 21, 2024 in New York City. The social media platform Reddit priced its IPO in the range of $31 to $34 per share on Wednesday. Spencer Platt | Getty Images Even with hot artificial intelligence startups … Read more
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Greylock Partners Rubrik, a nine-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to move toward the public market after an extended lull dating back to late 2021. The Silicon Valley … Read more
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares are plummeting after experiencing a rally stemming from the social media company’s IPO last week. Shares closed at $49.32, ending the … Read more
At the beginning of the year, I was talking about how we didn’t need rate cuts. Maybe one, maybe none, and others were talking about needing six of them. What kind of Canopy Growth product were they smoking? I want to be clear about this: The economy is too strong to cut rates, but the … Read more
