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June 12, 2021

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Zoom and Salesforce make quick $23 million profit after IPO of Israeli software vendor Monday.com

CNBC
by CNBC01
CNBC – For more and to sign up click here Monday.com celebrates its IPO at the Nasdaq, June 10, 2021. Source: Nasdaq In Zoom’s IPO two years ago, Salesforce made a bundle by investing $100 million at the offer price and watching the stock soar out of the gate. Zoom......
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Marqeta closes up 13%, topping $16 billion market cap in Wall Street debut

CNBC
by CNBC033
CNBC – For more and to sign up click here Shares of payment processing company Marqeta closed up 13% after its market debut Wednesday on the Nasdaq. Shares closed at $30.52, giving the company a market cap of just over $16 billion. Marqeta priced just over 45 million shares at......
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Driving weedshare: Uber and the hazy economics of delivering cannabis

CNBC
by CNBC094
CNBC – For more and to sign up click here A billboard advertising the marijuana delivery service Eaze on July 12, 2018 in Los Angeles, California. Marijuana delivery has attracted interest from companies as big as Uber, but a combination of low margins, and legislative, regulatory and banking restrictions, make......
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Wall Street’s best-performing analysts say investors should keep buying these stocks

CNBC
by CNBC051
CNBC – For more and to sign up click here A delivery person for Doordash rides his bike in the rain during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., November 13, 2020. Carlo Allegri | Reuters The U.S. economy is in......
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Payment tech company Marqeta files for IPO as value tops $16 billion on private markets

CNBC
by CNBC071
CNBC – For more and to sign up click here Marqeta Headquarters in Oakland, Calif. Yalonda M. James | San Francisco Chronicle | Hearst Newspapers via Getty Images Marqeta has become one of the hottest businesses in digital commerce, even though few consumers have ever heard of it. Its name......
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Stocks making the biggest moves midday: Disney, Snowflake, DoorDash and more

CNBC
by CNBC050
CNBC – For more and to sign up click here The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), on Tuesday, May 4, 2021, in honor of Star Wars Day. Source: NYSE Check out the companies making headlines in midday trading. Disney — The media giant’s share......
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San Francisco tech companies are sitting on record amounts of empty space and offering perks to lure tenants

CNBC Real Estate
by CNBC Real Estate00
People wear protective face masks outside Salesforce Tower in New York City. Noam Galai | Getty Images Cloudera exited its downtown San Francisco office early last year with plans to sublease the space and move its employees south to the software company’s Silicon Valley headquarters. But the pandemic left the......
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Stocks making the biggest moves in the premarket: Disney, DoorDash, Snowflake, Fisker & more

CNBC
by CNBC063
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney shares dropped 3.9% in premarket trading after growth figures for the Disney+ streaming service fell short of Wall Street predictions. Disney reported better-than-expected......
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SoftBank’s Masayoshi Son says he expects even more massive returns from his Vision Fund portfolio

CNBC
by CNBC041
CNBC – For more and to sign up click here Off the heels of a blowout quarterly report, SoftBank CEO Masayoshi Son told CNBC’s Andrew Ross Sorkin that he expects to see even more exits from companies in the Vision Fund’s portfolio. “I want to create an ecosystem… where we......
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Cramer’s week ahead: The stock market can keep climbing ‘now that the Fed remains our friend’

CNBC
by CNBC086
CNBC – For more and to sign up click here The stock market rallied Friday as investors reacted to the worse-than-expected April jobs report, which indicates the Federal Reserve’s easy policy is unlikely to go anywhere soon, CNBC’s Jim Cramer said. “I know the conventional wisdom says sell in May......
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Silicon Valley saved California during Covid, but people still want to leave

CNBC
by CNBC012
CNBC – For more and to sign up click here Gavin Newsom, center, smiles next to his wife Jennifer Newsom, left, and Senator Kamala Harris, during a rally in Burbank, California, last May. Patrick T. Fallon | Bloomberg | Getty Images For all the talk of a California exodus, the......
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Uber, Lyft, DoorDash stocks close down after U.S. Labor secretary says gig workers should be classified as employees

CNBC
by CNBC0159
CNBC – For more and to sign up click here Shares of Lyft, Uber and DoorDash dropped sharply Thursday after Secretary of Labor Marty Walsh told Reuters in an interview that gig workers should be classified as company employees. Uber shares closed down 6%, while Lyft shed nearly 10%. DoorDash......
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Target is testing a new approach to get packages to customers’ doors even faster

CNBC
by CNBC0142
CNBC – For more and to sign up click here Target wants to get online purchases to customers’ doors even faster. Instead of shipping packages through carriers, the retailer will also enlist the help of its own team of dedicated delivery people. The new approach — tested in Target’s hometown......
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Here’s who just got rich from the Coinbase debut

CNBC
by CNBC054
CNBC – For more and to sign up click here New York’s Union Square Ventures first invested in Coinbase at 20 cents a share in 2013. Eight years later, the stock debuted on the Nasdaq at $381. Source – Click here for more To Return to the Main Aggregate News......
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Coinbase indicated to open on Nasdaq at about $340 per share, up from $250 reference price

CNBC
by CNBC0127
CNBC – For more and to sign up click here Coinbase shares were indicated to open at about $340 per share on the Nasdaq Wednesday morning after providing a reference price of $250 per share Tuesday evening. Skirting the traditional IPO process, Coinbase will list its stock directly, allowing employees......
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Grab’s not yet profitable, but investors may give it ‘leeway’ to invest in new growth areas, analysts say

CNBC
by CNBC092
CNBC – For more and to sign up click here SINGAPORE — Investors will be keeping a close eye on when Grab will turn profitable after its record-breaking SPAC listing, according to Tom White, senior research analyst at D.A. Davidson. “There’s obviously a growing scrutiny from investors about a path......
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NYSE launches ‘First Trade’ NFTs of Spotify, Snowflake and more

CNBC
by CNBC0122
CNBC – For more and to sign up click here People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images The New York......
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Venture funding soared to record $64 billion in Q1

CNBC
by CNBC064
CNBC – For more and to sign up click here Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk’s SpaceX, leading to a record quarter for U.S. venture funding. Venture-backed companies raised......
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Coinbase estimates Q1 revenue jumped nine-fold to about $1.8 billion ahead of public market debut

CNBC
by CNBC0120
CNBC – For more and to sign up click here Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch In preparation for its debut on the Nasdaq next week, cryptocurrency exchange Coinbase said on Tuesday that first-quarter revenue climbed about......
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Employees could be heading back to the office sooner than they think

CNBC
by CNBC0167
CNBC – For more and to sign up click here The days of working from home may numbered. While some companies, including JPMorgan Chase, Salesforce and PricewaterhouseCoopers, are dumping office space, others are ramping up their return-to-work plans.   Just this week, Google, one of the first major U.S. companies......
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