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16 Jun 2011 10:51

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Biz, Tech: One day after its IPO, Pandora’s stock falls below its IPO price

  • yesterday As the latest entrant in the “there’s a new tech bubble” contest, Pandora had an IPO that leaped fairly high above its $16 starting value. Not bad for a company that isn’t profitable, eh?
  • today It appears reality has caught up with Pandora at least a little, as the stock’s price fell below its IPO price in day two of trading, proving that the company is in fact susceptible to the effects of gravity. source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jun 2011 11:03

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Biz, Tech: Tech bubble? Pandora’s IPO kicking butt on Wall Street today

  • $16 the initial public offering price for Pandora, the online radio station that predicts your tastes
  • $20+ its current price on the stock market; it’s a situation that mirrors LinkedIn’s recent IPO source
  • » Another sign of strong investor demand: Pandora’s IPO is more evidence of a growing tech bubble, though Pandora’s on a smaller scale than some of the other companies expected to do an IPO soon. Facebook and Twitter, once they do their IPOs, will likely make this look like a walk in the park. Which makes it understandable why some investors might think that Pandora — which hasn’t turned a profit — might get overshadowed a year or two from now. Pandora also faces some tough business challenges because of their reliance on expensive music licensing — ensuring that that their profit margins remain extremely tight.
Posted by Ernie Smith • 0 Comments • Permalink

17 May 2011 14:01

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Biz: Hewlett-Packard blames Japanese earthquake for problems

  • $5 the earnings per share Hewlett-Packard, the PC maker, expects to make by the end of the fiscal year; their shares are up from May 2010
  • $5.24 the earnings per share Wall Street expected; their stocks fell because of the predicted hardships that lie ahead for the company source
  • » A leaked memo from the CEO is to blame: The memo by Leo Apotheker caused the company’s stocks to fall. He cited the Japanese earthquake and weak PC sales as reasons to reduce hiring and prepare for another rough quarter. Even though their stocks are up from last year, they aren’t meeting market predictions, causing people to sell their shares in the company. Apparently, it’s causing the stock market to slow down overall. Yikes.
Posted by Justin Jones • 0 Comments • Permalink

23 Mar 2011 10:49

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Biz, World: Egypt’s stock market opened today, and it was kinda rough

  • 2 months the length of time Egypt’s stock market went without a single session — something about a revolution
  • -9% the stock market’s decline on its first day back, caused in part by foreign investors freaking out source
Posted by Ernie Smith • 0 Comments • Permalink

21 Mar 2011 20:09

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Biz: Stock market: A huge merger goes a long way to revive stocks

  • whatDespite the extreme uncertainty caused by the Japanese quake and Libya unrest, the Dow Jones Industrial jumped above 12,000 for the first time in nearly two weeks.
  • why The AT&T/T-Mobile merger, silly! In fact, that whole mess seems to have pushed up the entire market for everyone except for Sprint, which fell far today. source
Posted by Ernie Smith • 0 Comments • Permalink

14 Mar 2011 10:28

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Biz, World: Japan quake: Tokyo’s main stock index lost lots of money today

  • 6.2% the drop in Japan’s Nikkei stock index today – the largest single-day drop since 2008
  • 4.88B the number of Tokyo Stock Exchange shares that changed hands – the most since World War II
  • $287B the stock exchange’s single-day loss in value; so much collective value, gone … wow source
Posted by Ernie Smith • 0 Comments • Permalink

13 Mar 2011 21:17

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Biz, World: After the Tokyo quake, stocks aren’t exactly doing so hot

  • 5% decline in Tokyo’s main stock index in its first few minutes source
Posted by Ernie Smith • 0 Comments • Permalink
 

15 Feb 2011 11:22

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Biz: What happens when two stock exchanges merge? Well, this

Germany’s largest stock exchange, Deutsche Boerse, is merging with the world’s largest stock exchange, the New York Stock Exchange, presumably to make greedy spawn. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2011 21:52

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Biz: Did Mubarak’s insane speech help Wall Street today?

  • YES the speech helped stocks make a late-day rally source
  • » Why did that happen? Simply put, the stock market liked the fact that Mubarak said he was giving up much of his authority in Egypt to Omar Suleiman – not enough for protesters, but apparently enough for money managers. “The moment Mubarak said he would be giving up duties to his vice president, the market said it was a good thing and rose,” said Michael Holland, whose company manages billions in funds on the market.
Posted by Ernie Smith • 0 Comments • Permalink

26 Jan 2011 10:25

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Biz: Dow Jones touches 12,000 again, analysts dancing in the streets

  • 12k the level the Dow Jones Industrial touched today – for the first time since June 2008
  • 24% the amount the stock market has gone up in the last seven months alone (wow)
  • 83% the amount it’s jumped since we hit rock bottom in March 2009 – so are we fully rehabbed? source
Posted by Ernie Smith • 0 Comments • Permalink
 
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