Tesla’s founder and CEO Elon Musk flummoxed financial analysts and debt market experts by consistently reiterating that his company could survive without raising capital. Elon repeatedly said that Tesla could continue doing business by exploiting profits and startup-style mindset. Market analysts always wondered why...

Eventbrite, the ticketing and event management site fell short of Q1 earnings prospects. Its stock nosedived by almost 35% this Thursday. San Francisco-based Eventbrite lost $10 million in the first quarter which was more than thrice of what the company had lost in 2019’s...

Web-based home-goods seller, Wayfair posted a higher than expected loss in Q1. It makes its stock plummet by over 10% on Thursday. The online firm, registered in Boston announced a net equity loss of $1.62. It exceeds Wall Street’s speculation ($1.60) against revenues of...

For over a decade since Uber was founded, the ridesharing company has been facing challenges. From battling regulators, to competing with taxi industry and the sector of car rentals, Uber had its hardships as well as bright moments. All this led to having Uber going public...

All investors that held interest in Uber IPO performance before the public debut that didn’t turn out that well for Uber already knew that the company is not yet able to make a profit that would cover at least a part of losses that...

It appears that almost every investor expected Uber to “pop” on the first day during its IPO opening sale, however, Uber share price went south instead. From the very beginning of the trade on Friday, May 10th, Uber share price started at the lower end...