Alphabet (the company formerly known as Google) reported healthy earnings a few weeks ago. Its revenue reached $21.5 billion, which included $185mm in sales from moonshot projects – investments in everything from driverless cars and solar-powered drones to genomics. But as executives discussed these ventures with investors, a faint echo from an earlier age – […]
Goldman Sachs released its quarterly results last week over Twitter, abandoning the news distribution services it had used since becoming a public company in 1999. It’s welcome news for Twitter, which could use the boost, but not for Businesswire and PRNewswire, the two giants in the news services industry. Silence from the SEC suggests more […]
The first earnings announcement for a newly public company is often traumatic. Just ask Dick Costolo and the team at Twitter, which saw the company’s shares plummet 20% after announcing results yesterday. A glorious IPO a few months ago made being a public company seem so easy. Now what?
The ballots are in, and we are pleased to announce the winners of our annual Risk Communication Award for 2013, which recognizes those who used communication to skillfully take and manage risk in the past year. Take your seat, top up your champagne and read on.
Groupon CEO Andrew Mason stepped own after the daily-deals company reported dreadful earnings. Mason, who struggled to reverse heavy losses and a slide in the stock price, admitted he’d made mistakes. But he was right about one thing: how difficult it is for a fast-growing startup to be a public company.
Usually when a company sees its stock price sliced in half the CEO takes to the airwaves to reassure anxious investors and heavily stock-optioned employees. But flouting convention is a hallmark of Mark Zuckerberg. It’s the right strategy.
Facebook users were up in arms recently after the company replaced the email address that appears in their profiles with an “@facebook.com” address. The response was swift and negative, with Facebook fielding a raft of harsh comments in the media and across the blogosphere. Facebook responded with a brief statement distributed by email from an […]
Perhaps the only thing more surprising than the LIBOR rate-fixing scandal that engulfed Barclays last week is the method by which the rate is set. For more than four decades, the benchmark interest rate has been set by a group of banks, based on voluntary declarations of each bank’s borrowing cost, not actual trades. But […]
As Facebook’s shares continue to slump, recriminations over its busted IPO continue with no end in sight. It might also prompt fresh concern about the JOBS Act, which loosens the rules on capital raising.
No one is covering themselves in glory in the aftermath of the Facebook IPO. Lead underwriter Morgan Stanley is battling allegations that it priced the deal too richly. Facebook insiders are being called greedy for the last-minute increase in the number of shares they sold in the offering. Facebook’s management is being criticized for signaling […]