On Monday, Sonos posted its first quarterly financial update since the company listed on Nasdaq. The day was a rollercoaster for the wireless speaker company’s stock prices, with a 13% spike ahead of the announcement and a 15% drop after it. Continue Reading
Spotify’s direct listing on the New York Stock Exchange marked a new chapter for the streaming music service, and the action has continued to make waves in the industry. The latest developments are that two of the major labels that were early investors in Spotify during its startup days have sold portions of their shares. Continue Reading
Leading webcaster (and public company) Pandora plans to sell 10 million more shares of stock as a “follow on” offering, to raise $279 million for “general corporate purposes.” The company’s biggest investor shareholder, Crosslink Capital, also plans to sell 4… Continue Reading