“Not only do we expect to hit cashflow break-even, but we expect this business to be very profitable at maturity,” say Uber CEO Dara Khosrowshahi. “I think that going forward our spending declines as a percent of revenue. So when you’re growing trips 35 percent year on year your spending is going to increase.”
Even Just on the Medical Side, There’s Big Business in Pot
There’s a big business to be built just on the medical side of legal marijuana says legendary technology investor Geoff Lewis. Lewis was an early investor in Tilray which recently had a hugely successful IPO of which he was pleasantly surprised.
Dropbox’s Initial Public Offering is Priced at $21, Company Market Cap Reaches $9.1 Billion
Investors, especially those who specialize in picking tech stocks, will now have one additional company to consider as an investment option. A decade after its founding, Dropbox is now a publicly traded company starting Friday, March 23, 2018. The San…
File-Sharing Giant Dropbox Reportedly Makes Plans to Go Public
If you are one of those investors who specialize in trading shares of technology companies, you might have one more company to play with in the coming months ahead. People privy to the deal are now claiming that the next…
Uber Wants to Go Public in 18-24 Months, According to Leaked Documents
According to a leaked presentation to potential investors in China, Uber plans to go public in the next 18-24 months – putting the IPO sometime near the end of 2016 to the middle of 2017. Reuters reports on the documents,…
Square Reportedly Files for IPO
Has payments company Square secretly filed to go public? That’s the word from Bloomberg, which quotes the ubiquitous sources familiar with the matter. Square was said to be gearing up for this for the past few months, with reports last…
Fitbit Files $100 Million IPO
Fitness tracking wearables company Fitbit has decided to go public According to Fortune, Fitbit will trade on the NYSE under the symbol FIT. The company says it plans to raise $100 million, but that number is likely to change. Fitbit’s…
Ashley Madison Taps “Laissez Faire” Europe for IPO
If you’re a married person looking to have an affair, the number one internet destination is AshleyMadison.com. The Toronto-based company is looking to go public, but its hopping across the pond to do so. Avid Life Media, parent company to…
GoDaddy Files for a $100 Million IPO
In 2006, web hosting company GoDaddy.com decided it was time to file for an initial public offering (IPO). However, it quickly changed its mind after learning that it would have to take a 50 percent haircut (a loss on the…
Report: Square Not Ready To Go Public This Year
It’s looking like Square won’t be going public in 2014 as multiple reports indicate IPO aspirations have been put on hold. Last week, The Information reported that the company was considering raising another round of funding that would delay an…