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Warren Buffett Said 'Rat Poison' Bitcoin 'Creates Nothing,' But Now It's Bigger Than Berkshire Hathaway
Monday, December 4, 2023 - 2:51pm | 485The late Charlie Munger called Bitcoin rat poison. His friend and longtime business partner, Warren Buffett, termed it "rat poison squared." Today, Bitcoin's (CRYPTO: BTC) market cap currently stands at $813.9 billion — significantly ahead of the $778.1 billion reported by...
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Bernstein Analysts Question Tesla's Valuation In Comparison To Warren Buffett-Backed BYD
Tuesday, November 28, 2023 - 1:24am | 581Bernstein analysts have debated the $649 billion gap in market capitalization between Tesla Inc. (NASDAQ:TSLA) and Chinese EV giant BYD Co Ltd (OTC:BYDDF). What Happened: The analysts argue that BYD is a wiser investment despite Tesla’s 120% share price surge in 2023. They are struggling to...
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The Stock Market's Complicated Evolving Relationship With Valuations
Monday, July 24, 2023 - 3:23pm | 1196Stocks climbed last week with the S&P 500 rising 0.7% to close at 4,536.34. The index is now up 18.1% year to date, up 26.8% from its October 12 closing low of 3,577.03, and down 5.4% from its January 3, 2022 record closing high of 4,796.56. In the stock market, do valuation metrics ...
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Exploring Liquidity And Valuation In US Cannabis Companies
Monday, March 13, 2023 - 12:38pm | 665The graph displays enterprise value/consensus 2023 EBITDA, for the 22 analyst-rated U.S. Cultivation & Retail companies in the Viridian Value Tracker database, by size and liquidity level. The green bars display EV/2023 consensus EBITDA while the yellow bars show the Viridian cash flow...
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Instant Delivery Company Gopuff Reaches $15B Valuation
Friday, July 30, 2021 - 4:26pm | 922Four months after raising $1.2 billion, instant delivery application Gopuff announced it has closed on a Series H round for $1 billion, reaching a $15 billion valuation. The round was led by new investor Blackstone's Horizons platform and its previous investor Fidelity Management and Research Co....
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Zipline's Drone Delivery Of Pharmaceuticals Earns $2.75B Valuation
Thursday, July 1, 2021 - 12:37pm | 775The supply chain fantasy is the ability to deliver directly to every person anywhere in the world. Drone manufacturer Zipline wants to make that dream a reality and Thursday announced its $250 million in new funding led by Baillie Gifford with participation from past investors Temasek and Katalyst...
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ShipBob Reaches $1B Valuation With New Funding Round
Tuesday, June 29, 2021 - 11:14am | 828The money keeps flowing into the last-mile logistics space and the latest company to reap the benefits is cloud-based platform ShipBob, which announced a $200 million Series E round Tuesday morning. The new funding, which brings total funding in the company to $330.5 million according to...
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KeepTruckin Valued At $2.3B After Series E Raise
Thursday, June 17, 2021 - 4:25pm | 714Fleet management software company KeepTruckin announced it has closed a Series E round managed by BlackRock and several other lead investors for $190 million. Participating investors include G2 Venture Partners, Index Ventures, Greenoaks, IVP and Scale Venture Partners. With these new funds, the...
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Google Market Cap Surpasses Amazon's For The First Time
Saturday, June 5, 2021 - 2:09pm | 364According to Dow Jones Market Data, shares of Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) rose to 2% on Friday, surpassing the market capitalization of Amazon (NASDAQ: AMZN). What Happened: Alphabet closed its Friday session with a market cap of $1.622 trillion, while Amazon Inc...
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Early Airbnb Investor: 'It's A Very Exciting Time'
Thursday, December 10, 2020 - 11:42am | 367Airbnb's initial public offering comes a day after DoorDash Inc's (NYSE: DASH) successful offering, but investors shouldn't come to expect a similar 80% gain on day one, according to Tim Ringel, an early Airbnb investor and Global CEO of Spring Studios. No Big Gains On Day One? It...
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Friday's Market Minute: Can Tesla Stick The $1,000 Landing?
Friday, June 19, 2020 - 2:05pm | 238Tesla(NASDAQ: TSLA) stock closed above $1,000 for the first time on Thursday and is continuing to rise in pre-market trading Friday. Bullish sentiment soared after Jefferies increased their price target on the stock to $1,200, nearly doubling their original target of $650 while also maintaining a...
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Getaround Seeking $200M On $1.7B Valuation
Friday, September 6, 2019 - 8:51am | 526Getaround, the car sharing marketplace, seeks to raise an estimated $201.5 million in Series D extension funding, Pitchbook is reporting. This would bring its valuation to $1.702 billion, up from the $840 million valuation it reached last year. A spokesperson from Getaround declined to confirm the...
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At Stifel, Freight Tech Leaders Talk Valuations, Capital Flows, And Adoption
Friday, February 15, 2019 - 12:47pm | 933Are freight technology startup valuations out of control? How will the showdown between incumbent third-party logistics providers (3PLs) and digital upstarts unfold? How should we characterize the current progress of technology adoption in transportation and logistics? Freight tech luminaries at...
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The $1-Trillion Club: Who's Next?
Wednesday, September 5, 2018 - 11:56am | 446It’s official: as of Tuesday, two U.S. companies, Amazon.com (NASDAQ: AMZN) and Apple Inc. (NASDAQ: AAPL), have entered the $1-trillion market cap landscape within a few short weeks. Google’s parent company Alphabet Inc. (NASDAQ: GOOGL) and Microsoft Corp. (NASDAQ: MSFT) are...
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Cramer Breaks Down 3 Cheap Stocks That Crushed Earnings
Wednesday, October 18, 2017 - 11:16am | 424Are stocks cheaper than they appear? By many metrics they most certainly are, at least according to CNBC's Jim Cramer. 3 Cheap Stocks For example, Johnson & Johnson (NYSE: JNJ) is trading north of $100 per share and it's also trading at just 18 times next year's estimate earnings...