The news that music streaming service Spotify will go public later this year or early next using the relatively uncommon method of a direct listing has everyone in the tech and finance communities talking. Even the SEC is studying Spotify’s plan to skip a traditional IPO in favor of a direct public offering, or DPO. […]
Read moreWhile some investors may be optimistic on Tesla’s Model 3, one Wall Street firm is concerned over the company’s ability to profitably manufacture the new vehicle. Bernstein reiterated its market-perform rating for Tesla shares, telling investors to avoid buying the stock at its current valuation due to production risk. “Tesla’s persistent cash burn has been […]
Read moreTwitter said on Tuesday that it’s testing the ability for its users to send 280-character tweets, twice the current 140-character limitation. But you don’t need to wait for Twitter to upgrade your account to take advantage of this. Instead, you’ll just have to jump through a couple of hoops. Twitter users Rob Graham (@ErrataRob) posted […]
Read morePresident Donald Trump took aim at Facebook on Wednesday, suggesting the social media company was in cahoots with “Fake News” networks. Trump tweet Facebook is already under pressure in Washington, where investigators and Congress are already examining thousands of Facebook advertisements from the 2016 election. Chief executive Mark Zuckerberg also recently announced he will sell […]
Read moreDelta said on Wednesday that customers will be able to send free messages with popular chat platforms while in the air, beginning October 1. Customers will be able to use iMessage, WhatsApp and Facebook Messenger while in the air on a Gogo-equipped flight. Gogo is a popular Wi-Fi platform aboard airlines but customers won’t need […]
Read moreUber kicked off an appeal at a U.K. employment tribunal Wednesday in which it will argue that its drivers are self-employed rather than employees of the company. The final decision of the appeal could have a major impact on the way that that ride hailing company runs its operations in Britain. CNBC explains what has […]
Read moreAmazon shares are faltering this month along with many of its large cap technology company peers. But the pullback is a buying opportunity, according to one Wall Street firm. Wells Fargo Securities began coverage of Amazon with an outperform rating on its shares and a price target of $1,400, which is 49 percent above Tuesday’s […]
Read moreCurrency, United States Finance
Europe's most important economic policymaker is reportedly changing jobs
German Finance Minister Wolfgang Schaeuble will become President of the German parliament, a position that would require him to quit as minister, a conservative party source told Reuters on Wednesday, confirming a report by Bild newspaper. Bild reported that Schaeuble, the longest-serving member of parliament, had been urged by Chancellor Angela Merkel to take the […]
Read moreNFL players taking a knee to raise awareness for social injustice has turned into a controversy that might cause the league to lose money. DirecTV, the host network for the NFL Sunday Ticket, which is a package for viewers to watch any game around the league, is going to allow some of its customers to […]
Read moreThe Apple iPhone X is delayed because of two parts, dubbed Romeo and Juliet, that are used for facial recognition, The Wall Street Journal reported Wednesday. The iPhone X will sport a feature that allows it to unlock when a user looks at the phone, though it appears it’s this compelling new function that has […]
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