A view of Google Headquarters in Mountain View, California, United States on March 23, 2024. Tayfun Coskun | Anadolu | Getty Images Advertising is so back. After a brutal 2022, when brands reeled in spending to cope with inflation, and a 2023 defined by layoffs and cost cuts, the top digital advertising companies have started … Read more
Bipul Sinha, CEO, Chairman & Co-Founder of Rubrik Inc., the Microsoft backed cybersecurity software startup, rings the opening bell during his company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., April 25, 2024. Brendan Mcdermid | Reuters Shares of data management software maker Rubrik jumped in its New York Stock Exchange debut … Read more
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Greylock Partners Rubrik, a data-management software company backed by Microsoft, priced its IPO at $32 a share, according to a person familiar with the matter. That’s above its expected range. The 10-year-old company had planned to sell … Read more
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images MicroStrategy founder and bitcoin evangelist Michael Saylor entered into a stock-sale plan with his company last summer that allowed him … Read more
Marc Andreessen and Ben Horowitz Getty Images Andreessen Horowitz said Tuesday that it raised $7.2 billion across five different funds, a sign of optimism in the tech startup world, which has seen a dearth of significant exits over the past two years. “This marks an important milestone for us,” Ben Horowitz, who co-founded the firm … Read more
Stock market volatility is ramping up, and some companies slated to report earnings this week could see some sharp moves. The equity market is coming off of a tough slide last week — when the Dow and S & P 500 saw their worst weekly performances since last year — as concerns about persistent inflation … Read more
What a difference a year makes. Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. The industry’s first-quarter results will come against a more pleasant backdrop than last year, when the March 2023 collapse of Silicon Valley Bank sent shockwaves throughout the sector. The … Read more
Omar Marques | Lightrocket | Getty Images Even with hot artificial intelligence startups scoring hefty investment rounds at massive valuations, the broader venture funding environment remains ice cold. Deal volume for U.S. venture investments in the first quarter sank to its lowest level since 2017, according to data published this week by PitchBook. The story … Read more
Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Rubrik Rubrik, a nine-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to move toward the public market after an extended lull dating back to late 2021. The Silicon Valley company … Read more
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images Reddit shares are plummeting after experiencing a rally stemming from the social media company’s IPO last week. Shares closed at $49.32, ending the … Read more
