The e-commerce company has been fighting a push from the activist investor to spin off PayPal, eBay’s mobile payment business that is growing revenue faster than the rest of the company. Icahn launched his campaign against the company in January.
Yahoo is getting another lift from its stake China’s Alibaba Group, a thriving Internet company that has helped mask Yahoo’s own financial funk. Investors latched on to Yahoo Monday in anticipation of a huge windfall from Alibaba’s initial public offering of stock later this year
Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financials and second-quarter revenue outlook disappointed investors.
LinkedIn finished last year with a solid financial performance, but the online professional networking service rattled already jittery investors with a forecast indicating that its growth is slowing more than investors envisioned.
Twitter beat Wall Street’s earnings and revenue expectations in its first quarter as a public company. But investors were looking for even more and the company’s stock dipped as much as 12 percent in after-hours trading Wednesday.
Facebook says it plans to offer 70 million shares of stock for sale that includes more than 41 million shares from chairman and CEO Mark Zuckerberg.
A season-ending injury to Houston Texan running back Arian Foster has also sidelined an IPO proposing to sell a stake in the football star’s future earnings.
Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street’s lofty hopes.
Twitter says it will sell more than 70M shares between $17 and $20 per share in its IPO .
He says he and funds run by his son and a partner bought the shares for about $58 each, and sold them in several blocks this month for $304.23 and $341.44 apiece.