DoorDash Soars 27% After Q4 2021 Revenue Beats Forecasts
(DoorDash) Shares of DoorDash surged more than 27% on Thursday after the delivery company reported a revenue of $1.3 billion in the fourth quarter of 2021. The revenue, beat estimates…
Blackstone to Buy Preferred Apartment Communities in a $5.8 Billion Deal
(PAC) Preferred Apartment Communities Inc. has announced a $5.8 billion purchase deal by Blackstone Inc. The all-cash transaction deal will be executed at $25.00 per share of PAC, representing a…
Roblox Reports Declining Bookings in Q4 2021, Stock Plummets 15%
(Roblox) Shares of Roblox fell by more than 15% in premarket on Wednesday after the company’s bookings revenue in the fourth quarter of 2021 rose 20% to $770.1 million. The…
Didi Follows Peers in Massive Layoffs Affecting 20% of Its Staff
(Protocol) China’s ride-sharing giant Didi Global has started massive layoffs targeting about 20% of its staff. The layoff is said to affect most teams at the company, including those in…
MoneyGram Agrees to $1.8B Take-Private Deal by Madison Dearborn, Stock Soars
(MoneyGram) Shares of MoneyGram International Inc. rose 18% on Tuesday after it announced a $1.8 billion acquisition by Madison Dearborn Partners LLC. The all-cash transaction represents about 50% premium to…
Virgin Galactic Soars as the Company Initiates Spaceflight Reservations
(Virgin Galactic) Shares of Virgin Galactic jumped up to 13% on Tuesday after the company announced spaceflight reservations for a total price of $450,000 on February 16. Galactic CEO Michael…
Intel Boosts Shares of Tower Semiconductor by 49% After Reports of $6B Purchase
(WSJ) Shares of Tower Semiconductor Ltd rose by 49% on Tuesday after reports emerged that Intel was closing a $6 billion acquisition deal. The deal, which is reportedly closing as…
Berkshire Hathaway Discloses Almost $1B Stake in Activision Before Microsoft Deal
(FT) Warren Buffett’s Berkshire Hathaway booked $975 million worth of shares in Activision Blizzard ahead of the company’s $75 billion buyout by Microsoft. The purchase of 14.7 million shares in…
Goldman Project Rate Hikes by Fed to Dampen Stocks, Cuts S&P to 4,900 by Year-End
(Markets Insider) Goldman Sachs strategists have trimmed the S&P 500 target to 4,900 by the end of the year, down from the previous forecast of 5,100. The downward revision follows…
Cornerstone Building Brands Soar After Confirming $3B Bid by CD&R
(Cornerstone) Cornerstone Building Brands Inc. rose 24% on Monday after disclosing a buyout bid of about $3.11 billion by Clayton, Dubilier & Rice LLC. CD&R, already owning 49% of Cornerstone,…
BioDelivery Sciences Jumps 51% As Collegium Confirms Premium Acquisition Deal
(Collegium) Shares of BioDelivery Sciences International, Inc rose more than 51% on Monday on the news of the acquisition by Collegium Pharmaceutical Inc. at $5.60 per share. Following the deal,…
Tesla Records a Decline in China-Made Vehicles in January
(Reuters) Electric maker Tesla sold 59,845 China-made vehicles in the first month of 2022, a decline from 70,847 in December 2021. Out of the total sales by Tesla, 67.8% were…
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