investors

NYSE will temporarily close its trading floor and move to electronic trading only

The New York Stock Exchange will close its trading floor on Monday, March 23 and fully move to electronic trading, the exchange’s operator Intercontinental Exchange announced today. The actual physical locations that will close are the NYSE equities trading floor...

SoftBank reportedly balks at commitment to buy $3B in shares from WeWork shareholders

The Wall Street Journal is reporting that SoftBank Group is using regulatory investigations as a way to back out of its commitment to buy $3 billion in shares from existing WeWork shareholders. WeWork’s spectacular train wreck of an initial...

Can investors invoke so-called force majeure clauses to get out of deals? Expect some to start trying

Event organizers were the first to be hit hard. As fear of the spread of COVID-19 began to sweep cities and countries around the world last month, one by one, large conferences with long uninterrupted histories —  Mobile World...

YC CEO Michael Seibel opens up about his accelerator’s first online-only Demo Day

Y Combinator’s Demo Day has historically drawn crowds of investors and journalists into a big warehouse to watch hundreds of startups come out to the public for the first time ever. Think two minute pitches, a big audience, and...

Insight Partners sells security firm Checkmarx to Hellman & Friedman for $1.15B

Checkmarx, an Israeli security company acquired in 2015 by private equity firm Insight Partners with an $84 million investment, was sold today to Hellman & Friedman, another private equity firm at a valuation of $1.15B. Nice little profit there,...

Startups Weekly: Investors are excited to write checks during the pandemic

  Some startup investors are so uncertain about the current economic environment that they are hesitating to give us their forecasts on the record (this never happens). But others tell us they see the huge market gyrations and all the...

NewView Capital’s Ravi Viswanathan on how mature companies can survive this market

Ravi Viswanathan has been an investor long enough to see some serious ups and downs. Viswanathan most recently founded NewView Capital a couple of years ago — a firm that launched with $1.35 billion from investors, largely to acquire...

Slack shares plummet 20% after its growth forecast fails to excite investors

Today after the bell, Slack, a popular workplace communication product, reported its FQ4 2020 earnings, the three-month period ending January 31 2020. The company’s results came in ahead of expectations. However, its shares have rapidly lost altitude in...

Stocks dive on Dow’s worst day since 1987, tech crashes, and Bitcoin is no haven

Well, that was terrible. During the day’s wild trading session, the Dow Jones Industrial Average (DJIA) dropped by just under 10% in what was the largest single-day percentage decline since the stock market crash in 1987 (when markets were sufficiently...

Tech stocks follow the market lower as Uber and Lyft drop sharply

Stocks listed on American exchanges today fell sharply, erasing their Tuesday rebound and adding to their Monday declines. On a day that saw the World Health Organization declare that the spread of COVID-19 has officially become a pandemic, with 4,000...
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Venezuela says that Duque rejected the two COVID-19 machines offered by Maduro

Venezuelan Vice President Delcy Rodríguez said the Colombian government's response is "unheard of" and said that she will insist...
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"Mulan" will be released in July and "Black Widow" in November for the coronavirus

After a few weeks of delays and suspensions of premieres in Hollywood due to the coronavirus pandemic, Disney announced this Friday that the new...

The United States exceeds 300,000 cases of COVID-19 and prepares for its ‘toughest’ week

More than a third of the infections in the United States of COVID-19, the disease caused by the new coronavirus, are concentrated in the...

Germany warns of "chaos" that pandemic may cause in Africa

Germany warns of "chaos" that pandemic may cause in Africa The German Government appeals to the international community to prevent...

Tribeca Film Festival will broadcast part of its programming online

"Although we cannot meet in person and hug, laugh and cry, it is important that we stay connected socially and spiritually," says the event's...