|Bid||0.00 x 900|
|Ask||6.82 x 900|
|Day's Range||6.67 - 6.97|
|52 Week Range||6.46 - 21.22|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.63|
Initial public offerings (IPOs) are the process companies use to tap the public stock markets for capital. They usually involve early-stage businesses that are looking for fresh fuel for growth; many are small opportunities, but a few have mammoth potential. IPOs aren't guaranteed tickets to riches, as implosions such as Pets.com and Webvan proved. But they can produce explosive returns, and in a hurry. Through the end of September, 38 offerings had produced returns of 50% or more. One thing 2018 has lacked, however, is the mega-deal - an offering such as Facebook (FB) or Alibaba (BABA) that sets the world on fire. That should change in 2019. Dara Khosrowshahi, CEO of ride-hailing service Uber, says the company expects to execute an IPO next year. "Uber is a widely known brand that connects with millions of consumers and they have also received large amounts of capital from investors over the years," says Scott Coyle, CEO of ClickIPO, an online platform that allows retail investors to purchase IPOs. No wonder then, that The Wall Street Journal reported that proposals from Goldman Sachs and Morgan Stanley valued the company at more than $120 billion. Given that IPOs often raise about 10% to 15% of their projected worth, that could be a $12 billion-$18 billion raise. Where would that rank among America's biggest IPOs? Today we'll look back on the 25 biggest deals in U.S. history, as measured by money raised. SEE ALSO: The 50 Best Stocks of All Time
Twitter (TWTR) remains the major digital advertising platform that hasn’t relaxed its cryptocurrency ad restrictions since announcing the measures in March. Facebook (FB) and Google (GOOGL), which moved ahead of Twitter to restrict the advertising of crypto products on their platforms as a measure to protect their users against potential scams, have since relaxed those restrictions, allowing them to start accepting payments for crypto-related ads appearing on their platforms.
As Twitter (TWTR) seeks to diversify beyond advertising, the company has explored introducing charges to its dashboard tool known as TweetDeck, which is widely used by brands and news organizations. For the better part of last year, Twitter dropped a stream of updates on its exploration of TweetDeck’s monetization—but the company has been quiet on the issue since the beginning of 2018. There was no mention of TweetDeck’s monetization in either the first or the second quarter.
Keep your friends close and your enemies closer. The sage advice that Michael Corleone learned from his father and repeated to Frankie Pentangeli in The Godfather Part II should be at the front of your mind on a down day in the markets.
It might be easier to create and share Snapchat Lenses these days, but Snap clearly knows they need a little more panache. The template turns 2D items like signs and posters into vivid augmented reality objects by linking animations to them -- place a Snapcode nearby and fellow Snapchatters could discover a new side to those seemingly flat images.
Snap (SNAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As much as the digital advertising market is expanding, with global spending on digital ads on track to hit $227.1 billion in 2018 according to Zenith estimates, Twitter (TWTR) and many of its peers in the digital advertising business have sought to diversify beyond advertising. When Twitter reports its third-quarter results on October 25, there will likely be a lot of investor attention on how its diversification efforts are progressing. Alphabet (GOOGL), Facebook (FB), and Snap (SNAP) are also making efforts to diversify their businesses beyond advertising, which currently accounts for the vast majority of their revenues.
Customer engagement company Urban Airship, today announced the appointment of Wes Nichols to its Board of Directors. Wes is a serial technology entrepreneur and active investor, advising companies around the world on innovation, predictive analytics, AI/machine learning, marketing technologies and the changing role of Chief Marketing Officers (CMOs). Wes is currently a Board Partner at Upfront Ventures, one of California’s largest venture capital firms, and most recently was the Chief Strategy Officer at Neustar (NSR), which was taken private in $2.9 billion acquisition by Golden Gate Capital.
Twitter (TWTR) is gearing up to report its third-quarter results at a time when it has recently expanded the monetization opportunity for video publishers on its social network. Starting early this month, Twitter began allowing publishers to monetize their videos globally via in-stream advertisements, ads that are inserted into videos and can appear just before the video begins playing. Twitter launched in-stream video ads in the United States in April last year and has since been rolling out the capability to more markets, reaching nearly 20 global markets so far.
It’s been four months since Facebook launched IGTV, with the goal of creating a destination for longer-form Instagram videos. IGTV, which features videos up to 60 minutes versus Instagram's normal 60-second limit, hasn’t made much of a splash yet. Since there are no ads yet, it hasn’t made a dollar, either. But, it offers Facebook the opportunity to dominate a new category of premium video, and to develop a subscription business that better aligns with high-quality content.
While the stock market is having difficulties this year, Snap Inc (NYSE:SNAP) stock has fallen off a cliff and into an abyss. Since the February stock market correction equity investors have struggled with headlines from U.S. tariff wars and rising bond yields.
As Square (SQ) gears up to report its third-quarter results, the company is considering extending its Cash App service beyond its peer-to-peer payment roots by building it into a financial app for everyday use—a dream PayPal (PYPL) also has for its Venmo service. Cash App had attracted more than 7.0 million monthly users as of December 2017. In addition to supporting money transfers between family and friends, Cash App also lets users withdraw their balances from ATMs using an associated debit card known as Cash Card.
Twitter’s (TWTR) advertising business only returned to growth in the past three quarters after several consecutive quarters of decline. The company’s advertising revenue rose 23% YoY (year-over-year) in the second quarter, 21% YoY in the first quarter, and 1.0% YoY in the fourth quarter of 2017. It had been falling for at least the last four consecutive quarters.
Twitter (TWTR) is set to release its third-quarter earnings results at a time of heightened scrutiny of its social network. As Twitter’s platform cleanup efforts kick into high gear, accounts pumping out political content have come into sharp focus. In an update on its election integrity work, Twitter said early this month that it had shut down dozens of accounts in August after detecting that those accounts had falsified their affiliation with the Republican Party.
Research is a key area for technology companies, and many spend large portions of their revenue on R&D. Baidu (BIDU) has said that it funnels ~15% of its annual revenue to R&D projects. Facebook (FB) and Alphabet (GOOGL) spent ~20% and 15% of their 2017 revenues on R&D, respectively.
Amazon (AMZN) is on track to generate $4.6 billion in US advertising sales in 2018, more than double its sales from a year ago and 4.1% of all US digital advertising dollars, according to eMarketer. Facebook is expected to capture 20.6% of US digital advertising dollars in 2018, and Google is expected to capture 37.1%.
Echo is valued at $40 million, while Pop got backing from Bertelsmann Asia Investments, the publication wrote. With a virtual monopoly in China’s instant messaging market – WeChat has more than 1 billion users and is popular for payments – market share for Tencent's core product doesn’t have much upside but there’s certainly a lot of downside. Neither Pop nor Echo are likely to topple WeChat – they don’t need to in order to inflict damage on Tencent.
Snap (NYSE:SNAP) has been a total and utter disaster. Snap stock is down a whopping 50% so far this year and more than 70% from its highs. Heck, even from its March 2017 IPO price of $17 per share, SNAP shares are down almost 60%.
Life as a public company has been less-than-stellar for Snap (NYSE:SNAP) and Snap stock. Within a day, excited investors pushed Snap stock up to nearly $30. Since then, it has been nothing but downhill for Snap stock, excluding one big, post-earnings pop.
As Twitter (TWTR) reports its third-quarter results, Japan is on many investors’ radars. The country has become a prominent market for the company and presents an attractive digital advertising market opportunity. Twitter is poised to close 2018 with 34 million monthly users in Japan, which is equivalent to 63.3% of all social network users in the country, according to eMarketer.
Twitter (TWTR) is scheduled to report its third-quarter results on October 25. Twitter’s revenue fell 4.3% YoY in the comparable period last year. Twitter has posted profits in the past three consecutive quarters supported by a combination of revenue growth and cost controls.
Facebook (FB) recently appointed Adam Mosseri to run its Instagram subsidiary. Mosseri is a longtime Facebook executive who began as a product designer at Facebook’s namesake social network in 2008. He was leading Facebook’s newsfeed team before he moved over to Instagram as its product leader, where he worked alongside Instagram founders and executives Kevin Systrom and Mike Krieger.
Following on the Mega Millions madness, the traders give you stocks that could make you a billionaire. With CNBC's Frank Holland and Melissa Lee, and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan.