The Dow has been on a rollercoaster of a ride, suffering last week from its worst decline since 2008 before rebounding a record 5% this past Monday. While traders have rejoiced the quick turnaround, users of the popular stock trading app Robinhood are furious over a major service outage that has prevented them from trading stocks during this pivotal time. Read More
Google and Google Assistant's relationship with stocks has been messy, to say the least. Even though you can add stocks and view your portfolio in the Assistant's settings, you can't ask it to tell you what your shares are at without integrating third parties. But there's some movement, as the Google app has begun sending out neatly bundled daily stock notifications to some people, giving them an overview of how their investments are doing. Read More
Speaker maker Sonos has filed paperwork in the US to become a publicly traded company. The company plans to join the Nasdaq under the symbol SONO. It didn't specify an initial list price for shares, but it used a placeholder value of $100 million. That could go up or down as we get closer to the sale. Read More
Opera has been making browsers and other apps for years, and now it's taking the next step. Opera has filed for an initial public offering (IPO) in the US, hoping to raise around $115 million. However, that number could change as we get closer to the IPO. Read More
Using the stock market isn't free. Well, obviously. You're buying and selling stocks, after all. But on top of that, brokerage firms tend to charge fees to manage financial transactions. The Robinhood app lets you get around that fee, and now it has made its way over from iOS to Android. Read More
You can make a lot of money producing fitness bracelets. Fitbit has gone public, and it has thoroughly exceeded expectations on its first day on the stock market. The San Francisco-based company opened and closed today with shares priced roughly 50% above its initial public offering of $20. Fitbit currently sits at $29.68 a share, leaving it with a value of over $6 billion.
This is no small feat for a company that released the Flex in 2013 and has followed up with only a few variations since then (including one that was later recalled). Fitbit continues to hold on to more of the activity tracking market than any of its competitors, including the likes of Jawbone, Samsung, Microsoft, Google, and Apple. Read More
King has been making headlines lately thanks to trademark claims that are, frankly, insane. But it looks like the creators of Candy Crush Saga are doing something right: the Wall Street Journal reports that the company is filing for an initial public offering on the New York Stock Exchange, preparing to sell as much as $500 million in initial stock.
King's collection of simple Facebook, iOS, and Android games are almost entirely driven by the free-to-play model, with headliner Candy Crush Saga being downloaded more than 100 million times on Android alone. The company has also become a lightning rod for controversy ever since it won extremely broad trademark claims on the term "Candy" (applied to video games and clothing) in January. Read More