Category: Tech

Can the Peloton IPO Power Through Weak Financials?

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IPO documents give investors a closer look at Peloton’s financials.

On Tuesday, at-home fitness equipment manufacturer Peloton revealed the documents it filed ahead of its initial public offering. The company confidentially filed for IPO in June.

Peloton specializes in producing exercise cycles and treadmills with screens that allow users to join in on live and pre-recorded fitness classes from home. Members have to pay a monthly subscription fee to access these classes on their equipment or through the Peloton app.

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Chinese AI Firm Files for IPO

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Megvii Technology files for IPO in Hong Kong…

Megvii Technology has filed for its initial public offering on the Hong Kong stock exchange. The Alibaba-backed company is an artificial intelligence startup that’s most known for its facial recognition technology.

The company’s prospectus didn’t reveal an IPO date or share pricing. But Reuters reported that the company plans to raise between $500 million and $1 billion with the IPO and is expected to start selling shares in the fourth quarter of this year.

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Walmart Sues Tesla Over Solar Panel Fires

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Walmart claims Tesla solar panels caused multiple fires at its stores…

Tesla, Elon Musk’s vehicle and renewable energy company, is now the subject of a lawsuit as Walmart alleges Tesla’s solar panels are responsible for fires at several Walmart locations across the country.

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New Hire Highlights Microsoft’s New Goals

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Microsoft shifts focus to emerging technologies and services…

Since Satya Nadella took over as CEO of Microsoft in 2014, he has consistently emphasized Microsoft’s dedication to thriving in a mobile- and cloud-based world.

This strategy has been very successful for the tech giant in recent years. Microsoft has excelled by collaborating with other companies and platforms to deliver its products and services. This change in strategy has helped the company’s stock increase by more than 275% since 2014.

However, last year, Microsoft announced a new focus.

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Google Assistant’s New Reminder Feature: Helpful or Hindrance?

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Will the “reminder” become a common part of how we use the platform?

Google Assistant is building a new service that could potentially revolutionize how we use messaging apps … but is it all it’s cracked up to be? 

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Nvidia Stock Rallies on Q2 Earnings Beat

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But can the company edge out stiff competition?

Nvidia released its Q2 earnings report for the 2020 fiscal year on Thursday. The company’s sales and profits managed to beat analysts’ expectations, leading to a 7% stock increase during after-hours trading.

These results indicate that, despite a recent slump in orders, demand for the company’s graphics chips and other products may be returning.

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Microsoft Banks on Collaboration Strategy

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Microsoft stock has increased by 275% since bringing on a new CEO…

Satya Nadella took over as CEO of Microsoft in 2014. On his first day, Nadella sent out an email to Microsoft employees indicating his dedication to helping Microsoft thrive in a mobile- and cloud-based world.

In the memo, Nadella explained Microsoft’s need to focus on harnessing the power of software and delivering it through devices to empower consumers and organizations.

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Disappointing Q2 Earnings Drive Uber Stock Drop

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Uber shares take a dip after weak earnings…

Uber shares plunged by as much as 12% on Thursday after the company released its Q2 2019 earnings report. The rideshare company failed to meet Wall Street’s expectations for the quarter, and the report left a lot for investors to be concerned about.

The most worrying detail from the press release may be the company’s net losses, which reached an astounding $5.24 billion. These losses are largely due to stock-based compensation from the company’s IPO in May.

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