Uber Stock Continues To Plunge After Failed IPO
Bella Breakdown The bad news continues to come for once unstoppable tech company Uber. Just days after going public, the ride-share company’s stock has reached a new low in the stock exchange calling its future of making profits into question. Just days after Lyft and Uber employees went on strike last Wednesday due to unfair wages and compensation and going public Uber Technologies’ shares closed down 10.8% on Monday. More than doubling their losses since the ride-hailing giant’s poorly received Wall Street debut. “The stock “did not trade as well as we had hoped post-IPO,” Chief Executive Dara Khosrowshahi...
Roku Continues To Grow In The World Of Streaming
Bella Breakdown Roku is proving to be the little engine that could in an entertainment world dominated by streaming services. Early Thursday morning it was revealed that stocks for the company rose 22% sealing what was already a “flawless quarter.” for the streaming platform provider. Due to Roku’s growing numbers, the company doesn’t seem too worried about the upcoming launch of both Disney and Apple’s streaming platforms. “It is increasingly clear that the shift to streaming is accelerating,” Roku CFO Steve Louden said. “There is more cord cutting, more major new streaming announcements, and more ad dollars flowing to...
Meet The New Female President Of The New York Stock Exchange
Stacey Cunningham brings a whole new meaning to the term ‘girl boss.’ This 43-year-old just earned herself the title of President of the New York Stock Exchange. Cunningham is the first female to hold this position in the stock exchange’s 226 year history. Beginning as a summer intern in 1994, she worked her way up the ranks proving her exceptional capabilities. Here’s to you, Stacey! The future is definitely looking...
