Investors sent shares of San Mateo-based GoPro Inc. (GPRO) up more than 30 percent in their stock market debut Thursday, following an initial public offering that valued the sports camera maker at about $3 billion.
Less than two months after becoming the first professional athlete to sell shares in his future earnings, 49er tight end Vernon Davis says he’s unwilling to join the San Francisco 49ers until a more lucrative contract can be worked out.
Apple’s resurgent stock may have as much to do with financial engineering as the company’s technological wizardry.
Lock-up periods prevent company insiders from selling stock following an initial public offering. CEO Dick Costolo and co-founders Jack Dorsey and Evan Williams have said that they have no plans to sell their stock when the lock-up expired, 180 days after Twitter’s initial public offering.
At least a few investors believe San Francisco 49er tight end Vernon Davis will have a lucrative career.
Apple plans to buy back an additional $30 billion of its stock, raise its quarterly dividend by 8 percent and split its stock for the first time in nine years.
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.