Uber Admits It May Never Be Profitable

Ride-sharing app Uber has finally admitted that the company may never be profitable, reminding many of the dot-com crash of the 2000’s.

Uber narrows losses, growth slows on the road to IPO

Reemergence of American Shale Oil Boom Destroying Saudi Arabia

Fitch Credit Ratings has declared that the profitable doubling of U.S. oil drilling over the last 9 months means the reemerging U.S. shale boom is a potent threat to Saudi Arabia — despite the Saudis declaring a price war in 2014.

Scott Berreth, a derrick hand for Raven Drilling, works on an oil rig drilling into the Bakken shale formation on July 28, 2013 outside Watford City, North Dakota. North Dakota has been experiencing an oil boom in recent years, due in part to new drilling techniques including hydraulic fracturing and …

Snapchat May Have Hit Demographic Ceiling: Report

With the highly anticipated Snap, Inc. initial public offering (IPO) set to raise about $3.2 billion on March 1 by pricing shares at the high end of their expected range, a new report reveals that young social media consumers prefer Instagram, and millennial parents ages 45-to-54 are Snapchat’s only growth demographic.

Outlining the financial details of its initial public offering (IPO), Snap Inc. said it expects net proceeds of some $2 billion

Snapchat Files $3 Billion IPO, But May Never Be Profitable

Started by two roommates in a Stanford dorm in 2011, Snapchat’s parent, Snap, Inc., filed with the SEC last week for a $3 billion initial public offering (IPO), but admit the company may never make a profit.

Evan Spiegel Snapchat (Michael Kovac / Getty)

Snap IPO Warning: Ex-Employee Says Books Are Cooked

Snapchat’s social media parent, Snap, Inc., seemed headed for a $5 billion IPO until a former employee alleged in a conveniently timed lawsuit that the company misrepresented its financial position and pressured him for proprietary secrets about his former employer, Facebook.


Snapchat IPO Valued at Up to $40 Billion

Bloomberg reported Wednesday that the social media juggernaut Snapchat has filed to go public at the jaw-dropping valuation of up to $40 billion.


Snapchat Needs to Go Public Before Instagram Stories Kills It

With Snapchat leaking that the company is planning a quick initial public offering (IPO) at a $25 billion valuation, the real motivation for speeding up the deal may be the ability of Instagram Stories to grow to from scratch to 60 percent of Snapchat’s user base in just 10 weeks.


Silicon Valley IPO Dam Just Broke

Silicon Valley has been suffering a tech IPO drought, but the dam may have broken after data software company Talend, Inc. jumped 42 percent on its first day of trading. Talend raised $94.5 million in its July 29 initial public

Remain Campaign

The Bad Guys’ Plan to Destroy Silicon Valley: Demand Profit

In the 1985 James Bond classic A View to a Kill, super-villain Max Zorin (Christopher Walken) plots to destroy Silicon Valley. That was fiction, of course — but this year, tech start-ups have suffered 70 “down-rounds” as venture capitalists have suddenly demanded that companies become profitable.

Christopher Walken A View to a Kill (Hulton Archive / Getty)

Judge: Facebook Must Face Fraud Suit in 2012 IPO

A federal judge has ruled that Facebook must face two class action lawsuits claiming the company concealed slowing ad growth in its initial public offering (IPO) in 2012, and helped its underwriters make a $2.4 billion profit by shorting 63 million shares on inside information.


Party’s Over: Tech IPOs Collapse on Wall Street

The tech sector is no longer the hottest place to be on the stock market. Initial public offerings (IPOs) have plummeted in tech in 2015, putting the sector behind health care and financial companies.

Asleep at computer (Aaron Jacobs / Flickr / CC / Cropped)

Stock Crash Would Create Budget Crisis for California

With the “one percent” paying more than 50 percent of state taxes, a sustained stock market crash would shrivel California’s “one-time” capital gains taxes and throw the Golden State back into a financial crisis.

The Associated Press

Virally Competitive Fitbit Goes Public at $4 Billion Valuation

If Robin Leach visited the headquarters of Fibit, Inc. in San Francisco today, it would be all “champagne wishes and caviar dreams” as the leading wearable fitness tracker raised $793.5 million at a stunning valuation of $4.1 billion in the largest initial public offering (IPO) by any consumer electronics company in history.

Fitbit (Eric Thayer / Getty)

Blue Bottle Coffee Takes a $70 million Shot of VC Cash

The Blue Bottle Coffee, the Bay Area foodies’ favorite coffee house, merged with the Tartine Bakery and Café in April. Now, the combined artisan food company has raised $70 million in venture capital to be the “next big thing.”

Blue Bottle Coffee (Neil Conway / Flickr / CC / Cropped)

Snapchat Goes for a $500 Million Slurp at the V.C. Trough

Although the ink is barely dry on the $485.6 million venture capital funding for Snapchat that valued the company at about $10 billion, Bloomberg reports that Snapchat is looking to raise another $500 million at a valuation of up to $19 billion. That would make the messaging platform the third-most-valuable venture startup on the planet, just behind Xiaomi and Uber. It also would value the company at 92.5% of what was considered a jaw-dropping value of $22 billion paid by Facebook to buy WhatsApp.