Fitbit is once again back in the news – and atop The Flash – for all the right reasons. Shares of the SF-based fitness device maker were spiking late last week after its June 18 IPO opened at $20 per share on the New York Stock Exchange. Where does that put Fitbit’s total market cap? About $6.42 billion…
And with Silicon Valley’s top startups raking in funds, Airbnb has decided to join the fray. The online home/apartment rental facilitator is looking to raise $1B in venture capital, based on a valuation of $24 billion – more than double its $10B valuation of just one year ago. Somewhere Marc Andreessen and Ben Horowitz are nodding and smiling…
Speaking of which – Andreessen Horowitz are actually making a case against a tech bubble. (of course they are!)
See these and more in The Flash!
- Fitbit shares spike after IPO (The Street)
- Does Fitbit warrant such success? (MarketWatch)
- CEO James Park has a plan to stay ahead (Forbes)
- Airbnb looks to add $1B to its pile of cash (NY Times)
- Andreessen Horowitz make a case against a tech bubble (Upstart Business Journal)
- Brand-new federal reporting rules allow entrepreneurs to raise $$ without facing legal requirements (Wall Street Journal)
- Alibaba engages Foxconn in joint investment talks that would value Snapdeal.com at about $5 billion. (Wall Street Journal)