Congratulations to Uber, the Worst Performing Initial Public Offering in U.S. Stock Market History

Rideshare unicorn Uber doesn’t do anything small. When it was in the game of raising money, it raised close to £19.2 billion. When it loses that money – and it does every single quarter – it loses it at astronomical burn rates. It finally debuted on the New York Stock Exchange on Friday, in the middle of international trade uncertainty and following a massive, international strike by its own drivers, how’d it do? Read More >>

Just In Time For Its Big Initial Public Offering, Uber Loses £774 Million

Step right up, join the fun, the headline initial public offering of 2019 is about to take centre stage. Read More >>

Spotify Is Blocking Subscribers Who Used Hacked Apps to Get Premium Features

First reported by TorrentFreak, Spotify is sending users the following email about “abnormal activity.” Read More >>

Emoji Movie Star Dropbox Files for IPO

Famously told it was doomed to failure by the late Steve Jobs, Dropbox reportedly began preparing paperwork for its long-rumoured IPO back in July, which it kept under wraps until today. Following much the same plan of action, teaser trailers for The Emoji Movie cropped up around December of 2016, seven months ahead of its July 28 wide release. Read More >>

New Cartoon Aims to Teach 7-Year-Olds About Copyright Infringement

There's a lot of things that kids need to learn, but I'm not sure copyright infringement would rate highly on the list. Some disagree though, as the Intellectual Property Office has come up with a series of short animated videos to teach kids about copyright and trademarking. Read More >>

Snapchat’s Parent Company Starts Trading on Wall Street Today

Today’s the big day for Snap Inc., the parent company of dick pic app Snapchat and some confusing drone project: It’s set to begin trading on Wall Street today after the company priced its IPO at £14 a share. Snap’s valuation could be as high as £20 billion, the largest for a US-based tech company since Facebook went public. It’s just a bummer that Snap seems like it’s doomed, since it lost over half a billion dollars last year. Read More >>

Snap Will Say Literally Anything to Prove Its Stock Is Worth It

Just hours before Snap Inc. is set to price its initial public offering, The New York Times published a humdinger of a report. According to three anonymous sources, the company is building a drone in an attempt to be “a modern-day camera company.” Seems desperate. Read More >>

Snapchat Is Preparing for IPO at a $25 Billion Valuation: Report

Snapchat’s parent company, Snap Inc., is preparing for an initial public offering that is expected to value the company at $25 billion or more, according to a Wall Street Journal report. The newspaper says the company is already filling out the paperwork. But there’s there is no guarantee that a share sale will happen on the timeframe, or that the valuation will remain the same by that date. Read More >>

Government Targeting Google, Facebook and the Rest in Renewed Anti-Piracy Push

The mammoth global tech sites that allow illegal hosting of copyrighted material -- accidentally or otherwise -- may soon come under attack from the UK's Intellectual Property Office, with a new crackdown said to be planned on search engines (Google) and web sites (Facebook) that facilitate the sharing of the unshareable. Read More >>

UK Copyright Police Tells Users Not to Panic Over US Threats

The government's copyright division has issued a panic checklist for those receiving letters from US law firms demanding money for copyright infringement, warning that drive-by demands happen and that the claimant has to prove who was responsible before any guilt can be assumed. Read More >>

Twitter IPO Values Social Site at Around £6.5bn

Twitter has announced plans to float itself on the US stock market, in a move that ought to place a value of around £6.5bn on the time-wasting social site. Read More >>

Mark Zuckerberg on the NSA Debacle, Facebook Home, and Sucking at IPOs

Speaking at the TechCrunch Disrupt conference Mark Zuckerberg has made his feelings known about the recent NSA scandal, pointing out that the government "blew it". Read More >>

Stupid California Cost Itself £450 Million Over Stupid Facebook IPO

It's generally a bad idea to base your budget on hypothetical money that may or may not end up in your pocket. It's a much worse idea if you're the state of California, and that money is wacky Facebook cash. Read More >>

Zuckerberg Rambling About Nothing for 30 Minutes Earned Facebook £4 Billion

Do you want to know what power is? Power is going up on a stage, yammering about very little for half an hour, and boom, a few days later you company is worth nearly £4 BILLION more than it was a few days ago. Read More >>

Facebook Handled Its IPO Exactly Right

Andrews Ross Sorkin wrote a piece for the NY Times that was just ridiculous. He put the blame squarely on the back of the CFO of FB. Talk about getting it 180 degrees wrong. Read More >>