Tag Archives: Market News

One of the world’s most used language learning platform Duolingo has successfully pulled in $30 million in a new series F funding. The funding was handled by Alphabet’s investment division CapitalG, which had led the platform’s series D funding round a few years ago in 2015.Duolingo seems to be doing something right especially since CapitalG has decided to come back to pump more money after 4 years. So far, the language learning platform has raised a total of $138 million in funding, climbing...

OneConnect Financial Technology which is the artificial intelligence and blockchain arm of Ping An Insurance that is easily one of the largest insurance firms in China has come forth with the terms for its IPO valued at $468 Million. Sources indicate that based on the F-1 Filing of its prospectus with the United States Securities and Exchange Commission (SEC), the firm intends to conduct the initial public offering which is aimed at raising between $432 million and $504 million via issuing...

Shareholders of Qualcomm Incorporated (QCOM) stock are definitely happy and smiling to the bank as shares have risen impressively. The company which creates and engineers wireless technology and processing chips for smartphones was one of the most notable jumpers on the S&P 500 yesterday on December 4, as it rose by $2.65% to hit $82.08.In response to the rise, ratings for QCOM were changed to reflect its new status. The rating on Mizuho was promoted to “Buy” from the previous “Neutral”...

Nowadays it is becoming more and more popular to play games on your mobile device, rather than your PC. And it’s nothing strange since mobile phones are today more developed than ever. One of these popular games is rolled out by Activision Blizzard. It is Call of Duty: Mobile that has recently, according to Sensor Tower Store Intelligence estimates, brought in around $87 million in global player spending and more than 172 million downloads in only two months of its existence.Even though there...

Back in 2015, Google founders Larry Page and Sergey Brin floated the Alphabet Inc. holding company to function as Google’s parent, allowing the duo more time and space to pursue other ventures. Sundar Pichai was made the chief of Google and has been running the tech giant since then. Now, the founders have announced their decision to step down from their position at Alphabet Inc., and have chosen Pichai to also lead Alphabet.The decision to create Alphabet in the first place was somewhat...

As we are coming to the year’s end we somehow always tend to look in the past to reconcile what was good and what wasn’t. Speaking of the IPOs, we can surely say this year was marked by numerous IPO failures with more than half of stock market debuts now trading below their initial offering.We can just mention hail-raiding companies as are Uber and Lyft who were probably the biggest losers of the year. However, there were also plenty of unicorns that got smashed in 2019 including Peloton (the...

Qualcomm on Tuesday officially announced its next-generation flagship processor for phones. Dubbed the Snapdragon 865 the processor is still in need of a separate 5G modem to enable 5G instead of an integrated 5G modem built right into the chipset. Traditionally, that means more expensive, power-hungry phones than an integrated solution.However, at the Amazon’s event held in Las Vegas called AWS re:Invent, there were plenty of other solutions. Verizon CEO Hans Vestberg went on to discuss the...

While it may sound like a story out of the movies or motivational books that many people read today, the story of Bom Kim who is the founder of Coupang, a $9 billion electronic commerce company has been inspiring through an through. Coupang has been described by many to be South Korea’s “Amazon”, an appellation that hasn’t been accorded to any other company; at least not yet. Coupang has been one of those companies that have had a history of disruption and reinvention which has helped make it...

It seems Kuwait’s government could insert at least $1 billion in the initial public offering of Saudi Arabia state-owned oil company, Saudi Aramco. Sources familiar with the situation said that the kingdom asked its regional partners to support the share sale valued as high as $2 trillion.Until recently, the Kuwait Investment Authority had been pretty much unwilling to commit significant funds to the IPO. However, the government explained that a stake was in the country’s strategic interest,...

American multinational investment bank and financial services company Morgan Stanley has changed its rating on stocks from Roku, the on-demand video streaming platform backed by Fox. Even though Roku has had an amazing year and climbed quite explosively in the stock market with 400% year-to-date YTD returns, Morgan Stanley dropped its Roku rating from equal weight to underweight.In a recent note to the company’s investors titled “It’s All Priced In”, Morgan Stanley analyst Benjamin Swinburne,...