The FinTechs are burning through cash. The capital markets are pulling back. The FinTech IPOs are underwater. So coming back to Wall Street for more money may be tough sledding. The FinTechs that have gone public since March 2020, if that is the date —...
The carnage that hit the FinTech IPO Index last year was nearly absolute. One number says it all, perhaps, at least in shorthand: The Index wound up a terrible, no good, let’s-put-it-in-the-rearview mirror year with a loss of more than 51%. That was roughly in...
For connected economy and tech stocks, the good news is that 2022 is finally over. The CE 100 Index managed to eke out slight gains in the final five trading days, up 0.5% but finished the year 35.7% lower. The dismal performance outpaced even the...
The rout that tech stocks faced on Thursday captures all the pressures faced by the FinTech IPO names … and captured them in a nutshell. Economic data fueled fears of continued rate hikes, as U.S. GDP rose 3.2% year over year in the third quarter....
March 07, 2023
The FinTechs are burning through cash. The capital markets are pulling back. The FinTech IPOs are underwater. So coming back to Wall Street for more money may be tough sledding. The FinTechs that have gone public since March 2020, if that is the date — nearly four dozen of them, as tracked each week in […]
January 03, 2023
The carnage that hit the FinTech IPO Index last year was nearly absolute. One number says it all, perhaps, at least in shorthand: The Index wound up a terrible, no...
January 02, 2023
For connected economy and tech stocks, the good news is that 2022 is finally over. The CE 100 Index managed to eke out slight gains in the final five trading...
December 22, 2022
The rout that tech stocks faced on Thursday captures all the pressures faced by the FinTech IPO names … and captured them in a nutshell. Economic data fueled fears of...
November 05, 2023
Recent big tech earnings reports have reportedly made Wall Street worried about the year’s end. As Bloomberg News reported Sunday (Nov. 5), companies like Apple, Meta, Tesla and Alphabet have given investors cause for concern, whether it was Apple’s lukewarm holiday forecast, Google’s cloud sales or Tesla suggesting electric car demand has diminished. It’s all making investors anxious, despite a strong performance […]
September 22, 2022
Nasdaq is reportedly upping its scrutiny of small-cap companies’ initial public offerings (IPOs) after some new listings made massive gains followed by similarly big drops. The stock exchange is looking...
January 01, 2020
Although Apple was the 2019 star of the Dow Jones Industrial Average, tech investor Paul Meeks calculates that the stock is worth much less than $290 a share. “I value...
August 15, 2019
A trade war tariff reprieve does not a sustainable rally make, at least not for Chinese tech stocks. However, the news Thursday (Aug. 15) was centered on earnings at Alibaba,...
