by Jibran Munaf | October 6, 2024 | Corporate Finance
Netflix stock (NFLX) has surged 50% since the start of 2024, with shares trading near their highest levels in a year. Despite this impressive run, the streaming giant’s biggest test lies ahead: sustaining high and consistent viewership. In its latest biannual...
by Jibran Munaf | October 5, 2024 | Corporate Finance, Retail
Online fast-fashion retailer Shein is gearing up for its London initial public offering (IPO) by scheduling informal investor meetings in the coming weeks, according to sources familiar with the matter. The company is moving forward with preparations while awaiting...
by Jibran Munaf | September 28, 2024 | Corporate Finance
OpenAI, the creator of ChatGPT, is expected to report approximately $5 billion in losses this year, despite generating $3.7 billion in revenue, according to sources familiar with the matter. The company, which saw a staggering 1,700% increase in revenue since early...
by Jibran Munaf | September 27, 2024 | Corporate Finance
United Atlantic Ventures (UAV), a significant early investor in Trump Media & Technology Group, has sold nearly 11 million shares in the company, reducing its stake to just 100 shares. According to a Securities and Exchange Commission (SEC) filing, the sale took...
by Jibran Munaf | September 13, 2024 | Corporate Finance, Technology
OpenAI is reportedly in discussions with investors to raise $6.5 billion in new funding at a pre-money valuation of $150 billion, according to sources cited by Bloomberg. This figure marks a significant jump from the AI company’s last reported valuation of $86...
by Jibran Munaf | September 8, 2024 | Corporate Finance, Markets
Shares of Dell and Palantir surged around 7% in extended trading on Friday following an announcement from S&P Global that both companies will be added to the prestigious S&P 500 index. Palantir, a software maker, will replace American Airlines, while Dell will...
