The woes of battery maker Ener1 keep piling on. Following on the heels of its loss on electric car maker Think, the company’s CEO stepping down, and its planned restatement of its earnings, Ener1 has now officially been delisted from the Nasdaq.
Hackday.tv, which takes place September 10 and 11 in New York City, will bring together startups and developers in the online video and connected TV space. The event is focused on creating applications to advance content and distribution in the new digital living room.
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.
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.
According to Lou Modano, head of global infrastructure for NASDAQ OMX, there is “a lot of opportunity for new [hardware] players” to feed a ceaseless demand for ever lower latency in electronic trading systems. When you rely entirely on electronic trading, a faster system is key.
Algae oil and fuel maker Solazyme priced shares for its IPO late last night at $18 per share — above its previously estimated price range — enabling the company to raise around $198 million when it debuts on the Nasdaq on Friday.
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.
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.
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.
On the eve of Zipcar’s Nasdaq debut on Thursday, the car sharing company priced its stock at $18 per share late Wednesday, well above the previous estimated range of $14 to $16 per share, and raising $174.24 million, far above Zipcar’s original estimate of $75 million.
