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As a Harvard Business School student, Mark Pincus scoffed at Wall Street firms whose interview questions he felt were beneath him. Now he’s hiring some of those very companies to help take his game maker, Zynga, public.
Picking the next Angry Birds, Zynga – or Pandora – will mean looking for leaders on emerging platforms and recognising the potential of emerging markets, according to venture capitalist Mattias Ljungman.
For Reid Hoffman, the chairman of LinkedIn, it took less than 30 minutes to earn himself an extra $200 million the New York Times reports.
So much for the next hot area of the market; shares of Pandora and LinkedIn have plunged recently as more investors grow skeptical of profiting from social networking.
The surge of tech IPOs are propping up the real estate market in Silicon Valley, with social media giants bidding on multi-million dollar mansions.
Faced with weak markets and uncertainty over regulations, many of the biggest Wall Street firms are preparing for deep cuts in jobs and other costs, the NYT reports.
“The initial excitement is wearing off and people are starting to see that this company isn’t worth anywhere near its current valuation,” says one analyst.
Waiting for Bankrate to price tonight. The Internet personal finance company (advice on mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes) is seeking to raise 20 million shares at $14-$16.
On the heels of LinkedIn’s successful initial public offering, many of Silicon Valley’s biggest investors are throwing millions in seed capital at a handful of startups looking to cash in on something called “crowd commerce,” where everything and everyone has a price.
Fifteen years is a lifetime in website years, and during that time Doug Lee, CEO of Ask.com, has seen it all.
Stocks closed broadly lower Wednesday as the dollar jumped following worries over the exacerbating Greek debt situation and after a handful of dismal economic news.
Stocks have given up all of Tuesday's gains midday on more concerns over the Greek debt crisis. While protests over government cutbacks continued in Athens, stocks dropped further as European markets closed and as the Euro weakened.
The “Mad Money” host also explains what it means for J.C. Penney's future prospects.
See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
There are a number of smaller technology initial public offering currently in the pipeline including the online radio company Pandora, and may price at or above the top of its upward-revise range of $10 to $12 Tuesday after the bell when they make an official decision.
CNBC's Kate Kelly has the story on what the LinkedIn effect could mean for next generation IPOs.
One month ago I was sitting in a Las Vegas hotel listening to Matt Gohd of Revere Securities predict a ten percent decline in the market. This was a pretty contrarian call at the time. And it was dead on. A month later and here we are, down ten percent.
Initial public offerings have underperformed the market since the credit crisis began, so are they still the best way for businesses to raise money?
Biotech will grow over the long-term as more companies start-up in an attempt to solve diseases and other human conditions, Terry McGuire, co-founder and general partner of Polaris Venture Partners, told CNBC Wednesday.
It looks like LinkedIn may have crapped out.