Category: stock
Spotify to spend $1B buying its own stock
Music streaming service Spotify today said it will spend up to $1 billion between now and April 21, 2026 to repurchase its own shares. The dollar amount represents just under 2.5% of Spotify’s market cap, with the company valued at $41.06 billion this morning as its shares rose 5.1% following…
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You can’t afford to make poor decisions about incentive stock options
Pam Kreuger Contributor Pam Kreuger is the founder and CEO of Wealthramp.com, a free online service that matches consumers with qualified, fee-only financial advisers, and the creator and host of the investor-education television series “MoneyTrack.” John Chapman Contributor John Chapman is a certified financial planner professional with WorthPointe Financial Planners…
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Robinhood’s stock drops 8% in its first day’s trading
Robinhood priced its public offering at $38 per share last night, the low end of its IPO range. The company was worth around $32 billion at that price. But once the U.S. consumer investing and trading app began to allow investors to trade its shares, they went down sharply, off…
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Apple event fails to save the company’s stock from broader market sell-off
Today’s Apple event, chock-full of the company’s products that will help decide whether the company meets, exceeds or undershoots Wall Street expectations for its future growth and performance, had little to no impact on its share price. By now this is the theme: Apple announces a slew of new products,…
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Will ride-hailing profits ever come?
Uber and Lyft lost a lot of money in 2020. That’s not a surprise, as COVID-19 caused many ride-hailing markets to freeze, limiting demand for folks moving around. To combat the declines in their traditional businesses, Uber continued its push into consumer delivery, while Lyft announced a push into business-to-business…
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