Tech stocks are being punished by the downgrade to America’s triple-A credit rating, with leaders like Apple, Google, Cisco and HP taking it on the chin. Debt concerns and fears for the global economy are dragging down stocks, particularly tech shares that have been performing well. Read More »
Tech
Real estate listing site Zillow received a warm welcome from public market investors after its IPO Wednesday morning. Zillow’s stock hit the market at $57 per share, more than double its $20 IPO price. But the stock proved volatile within a few hours of trading. Read More »
LinkedIn made its NYSE debut Thursday morning with a bang, with an IPO that made $352.8 million for the company. The question now is: What will LinkedIn buy with its new cash? Here’s a short list of startups that could make it onto LinkedIn’s shopping list. Read More »
Shutterfly CEO Jeff Housenbold is aware of new photo sharing and printing startups like Instagram, Sincerely, and Keepsy. But according to him, new competition from “three kids in a garage with $3 million in venture funding” doesn’t exactly keep him up at night. Read More »
Russia’s biggest search engine, Yandex, plans to cash in by going public on the Nasdaq — but its bid for the big time is being hit by concerns of political interference and revelations that it has handed private user data over to the Russian security services. Read More »
The GigaOM team spent the past week in New York City for a number of events, including our first (and definitely not last) East Coast conference, Structure Big Data. It’s all part of our plan to expand our footprint into new markets, including New York. Read More »
Is the recession over already? Intel and IBM this week posted stronger-than-expected numbers and raised guidance for future quarters, pushing the Nasdaq 7.5 percent higher and inspiring some to hope a recovery was imminent, if not already here. But with all due respect to the bulls (and… Read More »
After Monday, the belief that Silicon Valley is going to remain immune from the Wall Street fallout is gone. While some tech companies had been saying they weren’t worried that the credit crunch would hurt them, I don’t believe them. Read More »
