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WeWork, the $47 billion co-working company, is gearing up for an anticipated IPO in September. Here’s what you need to know before it happens. Like most other unicorns that went public, The We Company isn’t currently in profit. It lose billions in 2018 (both its revenue and losses doubled).
According to the media, Millennials (people born between 1982 and 2000) are “killing off” countless industries. From chains like Applebee’s to the entire napkins industry, it’s becoming quite common for once-thriving businesses and industries to struggle to appeal to Millennials whose preferences are dramatically different from those of the former
According to SprinkleBit Analyzer, there are currently three undervalued stocks which could be interesting for investors to take a look at. Sony Corp.: $SNE Sony’s PlayStation 4 business still can recover in value. Even though the console’s life cycle appears to have entered its final stages, customers continue to buy
Industrial heavyweight FedEx releases quarterly results today. Analysts polled by Bloomberg expect FedEx to report adjusted earnings of $4.83 per share on $17.8 billion in revenue. Micron is expected to report adjusted earnings of 78 cents per share on $4.68 billion in revenue. The company could lose money by year-end
Tensions have been running extremely hot between the U.S. and Iran, after a U.S. surveillance drone was shot down last week. The Trump administration indicated that Iran could face new sanctions. On Monday oil prices continued to rise. Eldorado Resorts Inc. agreed to buy Caesars Entertainment Corp. for about $8.7
The price of oil is rising on Friday as tensions continue to escalate between the U.S. and Iran. Donald Trump ordered military strikes on Iran before changing his mind, according to the New York Times. It follows the downing of a U.S. drone by Iranian forces on Thursday. Slack’s direct
The excitement around the potential of sending money internationally without fees using Facebook’s new cryptocurrency took a bite out of the Western Union. “Consumer-to-consumer” money exchanges make up about 80% of the company’s revenue, according to its most recent quarterly report in May. Apple is going to move 15-30% of
Facebook announced the details of its widely-rumored cryptocurrency project: a financial services offering called Calibra. Calibra is a “newly formed Facebook subsidiary” and its first product, launching in 2020, will be a digital wallet to store and send Libra, a new cryptocurrency. In public hearings on the next round of
According to the Wall Street Journal’s publication, a cache of unearthed emails show that Mark Zuckerberg may have been aware of privacy issues with his site before Cambridge scandal. Facebook, which is in the midst of Federal Trade Commission’s probe, expects to pay $3 billion to $5 billion in fines.
Tesla CEO Elon Musk told shareholders that the electric car maker had a “decent shot” at setting a new production record, following a first quarter that disappointed markets. Musk touted the performance and sales of its flagship Model 3 — claiming it was outselling its counterparts, citing BMW, Audi and
Estonian ride-hailing unicorn Bolt launched in London on Tuesday. “London is one of the biggest, most profitable markets for Uber globally and one where it didn’t have a serious competitor, ” Bolt CEO Markus Villig told CNBC. Embattled electric carmaker Tesla is expected to hold its annual shareholder meeting, where
Futures for all three of the major indices are up Monday after President Donald Trump announced that the U.S. and Mexico reached a deal. Dow futures were more than 200 points higher after Trump confirmed that he would not be imposing a 5% tariff on Mexican goods. United Technologies Corp.