Pinterest Falls 19% on Its First Earnings Report, Previewing a Troubling Post-Tech IPO Trend

The bullish tech IPO market of early 2019 faced another setback Thursday as Pinterest, which has seen its stock price soar following its listing a month ago, delivered its first-ever earnings report. The numbers were largely below what investors were hoping for, causing the stock to fall as much as 19% in after-hours trading. Pinterest […]

Apple’s No-Good, Very-Bad Day: Trade War, Supreme Court Ruling Knock Stock Down 6%

If your week is off to a bad start, spare a thought for Apple. Its stock tumbled nearly 6% Monday, after two separate actions from the U.S. Supreme Court and Chinese trade authorities posed growth challenges to both its hardware sales and its growing services revenue. The day began with China saying it would retaliate […]

Lyft’s First Earnings Report Shows 95% Revenue Growth—and a $1.1 Billion Net Loss

Lyft’s first earnings report since its high-profile IPO proved to be a mixed bag of good and bad news. Revenue growth in the quarter surpassed analyst estimates but the company’s net loss was significantly weighed down by stock-based compensation related to its March 29 offering. Lyft also announced it was partnering with Waymo, an Alphabet […]

Here’s Why Eventbrite’s Shares Plunged 27%

Eventbrite gave its shareholders a surprise on Thursday: a ticket aboard a stock-market drop tower. The company’s shares lost more than a quarter of their value amid disappointing earnings and a weak outlook. First-quarter revenue grew 9%–well under the 21% rate for all of 2018–to $81.3 million, short of the $83 million that analysts had […]

As Disney and Fox Merge, Netflix Stock Shoots Up 5%. Don’t Be Surprised—‘Stranger Things’ Has Happened

The merger of Disney and 21st Century Fox represents one of the biggest threats to Netflix in its 21-year history. Yet on the day when the mega-merger closed, Netflix saw it stock rise nearly 5%. Why the renewed bullishness about Netflix as Disney prepares to launch a rival streaming service later this year? Wall Street […]

Facebook’s Parade of Bad News Has Cost Its Stock $37 Billion in Market Cap in Four Days

Fresh off one of the worst weeks in its 15-year history, Facebook began this week watching its stock sink for the fourth straight day, falling another 3.5% to close Monday at $160.47 a share. The past several days have brought waves of bad news for the social-media company in what the New York Time’s Kara […]