Aaron Kessler, Raymond James senior analyst, and David Meyers, Common Investor founder, debate whether Pandora makes a solid investment.» Read More
Betting on technology companies proved to be a dangerous game in March as sharp stock declines burned some prominent hedge fund investors.
Take a look at some of Tuesday's midday movers:
A group of 24 such companies compiled by Credit Suisse has lost $63 billion in market value, or almost 19 percent, so far in March.
Emerging markets storm higher while small- and mid-cap stocks fall behind. Russell 2000 and Nasdaq at six-week lows.
The music-streaming service Spotify may file for an IPO this fall, Quartz reported.
Stocks could continue to be rocked as negative undercurrents converge ahead of quarter-end, and a decline in momentum names looks set to spread to the broader market.
Some of Tuesday's midday movers:
But don't be quick to invest in these newly public companies, Eric Jackson, founder of Ironfire Capital, told CNBC.
Mark Mahaney, RBC Capital Markets lead internet analyst, says Facebook's management team is more proven and the valuations are a lot easier, although Twitter's business margins are already proven.
A growing number of Internet companies are set to raise prices to help offset rising costs. Mark Mahaney, RBC Capital Markets analyst, provides analysis on pricing power within the industry.
SAN FRANCISCO, March 20- A new smarpthone app developed by the Tribune Co will read aloud a personalized "playlist" of news articles along with weather and traffic updates, as the media organization looks for new ways to reach consumers.
SAN FRANCISCO, March 18- Pandora Media Inc will increase fees for its ad-free service by $1 a month to almost $5 a month in May, a move to cover the rising cost of licensing tunes that may annoy some longtime fans of the popular music-streaming service.
According to the Los Angeles Times, Apple is asking record labels for exclusive iTunes releases. The "Fast Money" traders take their positions.
We talk about desktop and mobile but there's a third platform that is the new battleground for tech companies, says Buzzfeed COO Jon Steinberg.
Discussing Pandora's stock drop due to a slump in listener metrics and competition in the Internet radio space, with Michael Pachter, Wedbush Secuities senior analyst, and Peter Kafka, Re/code.
Some of Thursday's midday movers:
Take a look at some of Wednesday's midday movers:
Jon Steinberg, BuzzFeed president & COO, discusses the possibility of Spotify going public and weighs in on the Netflix "juggernaut."
A Spotify job posting adds to speculation that the Swedish start-up is preparing for a share listing.
STOCKHOLM, Feb 17- Online music streaming service Spotify is recruiting a U.S. financial reporting specialist, adding to speculation that the Swedish start-up is preparing for a share listing, which one banker said could value the firm at as much as $8 billion.