Tag Archives: company

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, July 30, 2021 Robinhood shares fall on their first day of trading Shares of Robinhood (HOOD) sank by more than 8% on the company’s first day of trading, and day two starts in just a few hours.  The public debut for any company is exciting. But in many ways the Robinhood IPO meant a little more, serving as a sort of natural endnote to the… Source link

Google’s parent-company Alphabet has a birth to announce: a new company called Intrinsic which will focus on building software for industrial robots. The subsidiary will be one of Alphabet’s “other bets” — relatively speculative firms focusing on new technology like Waymo (self-driving cars), Wing (delivery drones), and Verily (healthcare and biotech). Details on what exactly Intrinsic is building or who its customers will be are unclear. A blog post from the company’s new… Source link

MOSCOW, July 22. /TASS/. Yandex has registered a company in the United Kingdom that will deal with delivery of foods from dark stores, Yandex.Lavka, a food delivery unit of the Russian technology company, told TASS on Thursday. “Yes, we registered a legal entity that will develop the rapid supply of foods from local stores on the British market. We are hiring a team proactively and looking for spaces for dark stores,” Yandex.Lavka said. “This is essentially Yandex.Lavka but oprerating… Source link

Krispy Kreme (DNUT) on Thursday began its second incarnation as a public company, listing on the Nasdaq under the ticker symbol “DNUT.”  Shares of the doughnut chain priced in at $17 on Wednesday, slightly below the expected range of $21 to $24. Yet the stock popped by nearly 10% in midday trading, after a lackluster debut at $16.30 per share. Analysts had initially seen Krispy Kreme’s valuation topping $3 billion, but the stock listing undermined some of the loftier estimates. Still, CEO… Source link

The company Tesla (TSLA) booted from the S&P 500 index has vastly outperformed the electric automaker by a “stupendous margin,” analysts at Research Affiliates pointed out this week. Tesla entered the S&P 500 to great fanfare on Dec. 21, 2020, in a rebalance of the index. It surged well over 20% in its first month, but since then has fallen, standing now with gains of about 5%, lagging the S&P 500’s (^GSPC) near-16% gain in that same timeframe. Tesla’s entry meant one company had to… Source link

Security-system provider ADT Inc. is betting on its partnership with Google’s smart-home business to increase revenue as it struggles to turn a profit three years after going public. The company, best known for its home alarm systems, last summer announced the deal with Google, whose Nest business makes thermostats and smoke detectors that customers can monitor from their phones. Under the agreement, Alphabet Inc.’s Google… Source link

Digital Advertising Veteran to Support and Expand National Sales as Company Grows Rapidly MIAMI BEACH, FL / ACCESSWIRE / June 23, 2021 /Alfi, Inc. (NASDAQ:ALF) (“Alfi” or the “Company”), an AI enterprise SaaS platform powering computer vision with machine learning models to allow content publishers and brand owners to deliver interactive, intelligent information without violating user privacy, announced today the appointment of Christopher Whalen as Vice President of National Sales. In his new… Source link

Vertical Aerospace, a British electric aircraft manufacturer, announced last Thursday that it intends to go public via a $2.2 billion SPAC deal with Broadstone Acquisition. SPAC mergers, once the hottest method for private companies to go public, have seen a slump in their performances recently. Both pre-merger and post-merger SPACs have fallen in market cap within the last few months. Yet Vertical Aerospace viewed the process as an opportunity now that the frenzy surrounding blank-check… Source link

GameStop (GME) reported fiscal first-quarter results that reflected improved sales and narrowing losses, even as many investors continue to fixate on the company’s “meme stock” clout over business performance. The company also announced two Amazon veterans would be joining the company as chief executive officer and chief financial officer. Shares traded 5% lower during the after hours session before paring some losses. Here were the main results from GameStop’s report compared to consensus… Source link

Democratic senators led by Cory Booker of New Jersey say they worry about how Google’s products and policies may perpetuate bias. Anna Moneymaker/Getty Images hide caption toggle caption Anna Moneymaker/Getty Images … Source link