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    Stock Market - Ring, which Amazon just bought for $1 billion, was once rejected by ‘Shark Tank’

    February 28, 2018

    Stock Market - Ring, which Amazon just bought for $1 billion, was once rejected by ‘Shark Tank’

    Ring, which Amazon just bought for $1 billion, was once rejected by ‘Shark Tank’

    Posted: 28 Feb 2018 04:13 AM PST

    Sometimes a shark doesn't know a good thing.

    Ring, the video-doorbell company that Amazon.com Inc. AMZN, +0.38% bought Tuesday for more than $1 billion, was rejected by a panel of investors on ABC's "Shark Tank" in 2013.

    Jamie Siminoff, the founder and chief executive of Ring — then called DoorBot — went on the show seeking investors for his nascent business. Pitching it as "caller ID for your door," Siminoff was seeking $700,000 for a 10% stake in the company — a $7 million valuation.

    No one bit, except for investor Kevin O'Leary, who offered a $700,000 loan, 10% of all sales until the loan was paid off, 7% royalties on all future sales and a 5% stake in the company.

    Those terms didn't work for Siminoff, who walked away from the offer.

    "I remember after that 'Shark Tank' episode literally being in tears," Siminoff told CNBC last year. "I needed the money, we were out of money at the time."

    But sales picked up after the show aired, and four years and a new name later, Ring had 1,300 employees, was sold in 16,000 stores and had a billion-dollar valuation.

    One prominent investor did latch on early, however — Virgin Group billionaire Richard Branson, who participated in a $28 million funding round in 2015.

    "I couldn't quite work out why the sharks turned him down, it just seemed to be a wonderful idea," Branson later said during a guest appearance on "Shark Tank."

    Published by MarketWatch.com Link (Source):https://www.marketwatch.com/story/ring-which-amazon-just-bought-for-1-billion-was-once-rejected-by-shark-tank-2018-02-27

    Note: Great one Amazon! [Also happy for the founder of Ring]

    submitted by /u/snack-fu-bling
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    Apple, Alphabet (Google), and Amazon becoming Trillion dollar companies will change the Stock market landscape.

    Posted: 28 Feb 2018 04:14 PM PST

    I will start by saying Long Live Capitalism!

    We have come a long way from the days where the largest publicly traded company no matter where in the world it shares are exchange and traded were worth $5 Billion. According to numerous research I done the first Trillion dollar company was not headquartered in the US and sources said Saudi Arabia's Aramco -yet to go public- is worth $1 Trillion. I also saw on Wikipedia that China's PetroChina was a Trillion dollar company years ago but here is the catch both Aramco and PetroChina are state-owned or may I say socialist and not I dependent or pure capitalist. And that brings me to the main points here. As of February 28th 2018 the three largest publicly traded [capitalist entities] are Apple with a market capitalization of $905 Billion, Alphabet owner of Google with a market capitalization of $780 Billion, and Amazon with a market capitalization of $732 Billion. All three are bigger than the next 500 companies in the S&P or the 100 companies in the FTSE. All three will definitely cross $1 Trillion in the near future at various stages with Apple seeing as the first one then Amazon likely becoming the second one and Alphabet the third one. Now that will greatly change the outlook and landscape of capitalism either as a small company or a big one regardless of being private or publicly traded. I have read comments saying that it will be worrying and I respond to one of them saying "Business still goes on, Companies can stay private and do great [Mars have been a private company for 100+ years] and the ones wishing to go public must have great business models and great financials plus a sense of inclusiveness for all shareholders [Snap was the first company to go public with a three class structure with 95% voting with the founders and no voting to outside shareholders- and the company have a bad financials coupled with missteps]" so the 3-As [Apple, Alphabet, Amazon] is kind of doing good to the stock market and capitalism as a whole. And all three companies are endowed in terms of revenue, cash flow etc. So in conclusion, Capitalism gets more stronger even with worries and Whatnots [some people saying Amazon should be broken into 20 companies then again why? If it because of market cap growth then that stupid]. I am for an excellent capitalism and a fair globalization. Now I will end by saying, Long Live Capitalism!

    submitted by /u/snack-fu-bling
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    Spotify has filed to go public

    Posted: 28 Feb 2018 03:40 PM PST

    AdChoices MenuTechCrunch Spotify has filed to go public Posted 3 hours ago by Katie Roof (@Katie_Roof), Josh Constine (@joshconstine)

    Music streaming service Spotify is going public and it just unveiled its filing.

    The documents state that it is targeting a $1 billion IPO, but the company actually plans to go public without the standard fundraising event. Spotify isn't selling its shares to the public. Instead, the event known as a "direct listing" will be a series of transactions from existing shareholders (like employees and investors) selling shares to stock market investors. Spotify's filing even acknowledges that selling shares this way is "risky."

    Its public debut is likely to happen in late March or early April, but it is unclear how much shares will cost when it lists under "SPOT" on the New York Stock Exchange. Spotify says that for 2018 its shares have traded on the private markets for between $90 and $132.50, but that these transactions "may have little or no relation to the opening public price of our ordinary shares on the NYSE."

    Spotify says it is present in 61 countries and its platform includes 159 million monthly active users and 71 million premium subscribers.

    The filing shows that the Swedish company had 4.09 billion Euros in revenue last year (or close to $5 billion), compared to 2.95 billion Euros (about $3.6 billion) the year before. 2015 saw 1.94 billion Euros in revenue (about $2.37 billion).

    Losses for last year were 1.2 billion Euros ($1.46 billion), which compares to 539 million Euros ($657 million) the year before.

    Spotify previously raised about $2.7 billion in both debt and equity. Accel, Kleiner Perkins and Founders Fund are amongst the Valley VCs that invested. Goldman Sachs and Fidelity also own part of Spotify.

    The filing shows that CEO and co-founder Daniel Ek owns 23.8% of the company. Martin Lorentzon, who co-founded the business, owns 12.4%.

    The filing has an additional note about Ek's compensation, which says that he doesn't receive a base salary, but is eligible for $1 million annual bonuses based on metrics like subscriber growth and active users.

    There are some key obstacles to the business, which Spotify acknowledges in its risk factors.

    In it, Spotify explains how it will have to stay ahead of competitors and satisfy rights holders. The first risk mentioned is that "some of our competitors, including Apple, Amazon, and Google, have developed, and are continuing to develop, devices for which their music streaming service is preloaded." Since Spotify currently doesn't make its own phones or smart speakers, its competitors have an easy way to grow their subscriber counts that it doesn't. This could encourage Spotify to build its own smart speaker or headphone hardware in the future.

    Some are concerned that Spotify is beholden to music rights owners like record labels who could try to jack up their rates during periodic re-negotiations if they think the service becomes too profitable. There are also administrative agencies like the Copyright Royalty Board and trade groups like the American Society of Composers, Authors and Publishers who could seek to increase the rates Spotify has to pay. Control of rights is heavily concentrated within a few major labels and organizations. Universal Music Group, Sony Music Entertainment, Warner Music Group, and Merlin hold rights for music that accounted for 87% of Spotify's streams in 2017. They could potentially wreck Spotify's margins by demanding higher rates or deprive it of content in ways that would drive away listeners.

    Spotify's costs could continue to increase as it pays for content, creates its own, researches and builds new features, and markets the service in the face of competition. Spotify's licensing and royalty agreements are complex and could lead to litigation costs if it doesn't hit milestones or guaranteed minimum payouts, or doesn't properly license all the content it streams. Spotify has already been hit with numerous lawsuits for failing to find and pay all rights holders. Its competitors also hold larger patent portfolios that they could use to attack Spotify for intellectual property infringement.

    Spotify faces competition from all sides and formats. There are traditional formats like CDs and Vinyl, digital files like MP3s and iTunes downloads, terrestrial and satellite radio, online radio like Pandora, and competing on-demand subscription services including Amazon Prime, Apple Music, Deezer, Google Play Music / YouTube, Joox, and SoundCloud. Since Google and Apple own the top mobile app stores, they could bury Spotify and already charge it a tax that doesn't get applied to their music services. Interestingly, Spotify lists Facebook as a potential competitor, given that it's building a smart speaker and has struck deals with record labels though it offers no music streaming service currently.

    Spotify writes that "a key differentiating factor between Spotify and other music content providers is our ability to predict music that our Users will enjoy." Features like Discover Weekly are what keep hardcore listeners on its service, and it will have to find a way to stay ahead of the recommendation engines of its competitors if it wants to win.

    Check out all of TechCrunch's stories about Spotify going public, and read our feature piece "Going public pits Spotify's suggestions versus everyone."

    Published by TechCrunch.com Link (Source): https://techcrunch.com/2018/02/28/spotify-has-filed-to-go-public/

    Note: I will keep updating if more updates comes in. Hopefully it a successful one even after the IPO and in a World dominated by the 3-A's [Apple, Alphabet (Google), Amazon].

    submitted by /u/snack-fu-bling
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    What's with Yahoo finance

    Posted: 28 Feb 2018 03:23 PM PST

    On the Summary pg it lists the Ytd return on KWEB as 12.69%. Yet the price change from 1/2 to day is 60.74 to 63.41, hardly 12%.

    submitted by /u/Moveover33
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    Should I sell Kodak and lose 70 dollars or stick it out.

    Posted: 28 Feb 2018 04:15 PM PST

    Does Kodak have a future

    submitted by /u/prophetdavid
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    (2/28) - Wednesday's Pre-Market Stock Movers & News

    Posted: 28 Feb 2018 06:31 AM PST

    AOBC

    Posted: 28 Feb 2018 12:36 PM PST

    At what price will this stock be a value pick? It's been dropping, and their earnings will likely miss the mark.

    Any opinions?

    submitted by /u/call_the_whambulance
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    I just started getting into investing and was wondering which stock would be good to start out with. Any help would be greatly appreciated!

    Posted: 28 Feb 2018 09:26 AM PST

    Seeking advice for buying POTN stock

    Posted: 27 Feb 2018 08:34 PM PST

    Question over moving average. Please help me.

    Posted: 28 Feb 2018 01:42 AM PST

    SMA10 means average over closing price of 10 days. I want to ask what if I apply SMA10 in a 1m chart. Is it average over closing price of 10 mins ??? Same what if I apply SMA10 in 5m chart. It is over last 10 5m candle, right ????

    submitted by /u/rocco316
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    Today's machine intelligence stock predictions from AiEquityPredict

    Posted: 28 Feb 2018 08:07 AM PST

    NVTA LONG EVK LONG NVRO LONG RLGT LONG MUSA LONG UNT LONG NETS LONG FCCY LONG LW LONG BEDU LONG NWHM LONG NTRA LONG JAX LONG MPO LONG MHH LONG TIER LONG AVEO LONG NBTB LONG AXSM LONG DERM LONG TNET LONG NSM LONG BNFT LONG CJ LONG AIRI LONG DWDP LONG CTEK LONG GSV LONG MTNB LONG APPF LONG CHTR LONG YELP LONG RNG LONG AIMT LONG CVNA LONG SFS LONG DFIN LONG CVRS SHORT SENS SHORT JILL SHORT SMHI SHORT SEAS SHORT SDLP SHORT EGRX SHORT LBRDK SHORT NBHC SHORT LBUY SHORT RFP SHORT FRBK SHORT KODK SHORT USAS SHORT JMF SHORT CDEV SHORT ROX SHORT ELMD SHORT AKAO SHORT CRHM SHORT ABUS SHORT TLRA SHORT AKTX SHORT AKTS SHORT NQ SHORT CLXT SHORT TDOC SHORT CARA SHORT SALT SHORT ADOM SHORT BPMC SHORT BEAT SHORT GPRK SHORT UUUU SHORT MSG SHORT

    submitted by /u/aiequitypredict
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    Next week's machine intelligence stock predictions from AiEquityPredict

    Posted: 28 Feb 2018 08:08 AM PST

    VRTHF LONG CDTX LONG RFP LONG DBVT LONG HUBB LONG AXON LONG TNET LONG CSWI LONG THCBF LONG CRMD LONG JRVR LONG USAS LONG MULE LONG HRVOF LONG CEI LONG AQXP LONG MRRCF LONG RQHTF LONG BMCH LONG OMP LONG ZTO LONG LDSYF LONG ZAYO LONG CARS LONG BHF LONG VST LONG TLRA LONG RFT LONG NIQ LONG GCP LONG SMTS LONG AGTC LONG LFGR LONG HVBC LONG EOS LONG ABCCF LONG VRTV LONG AXTA LONG TRU LONG EBIO LONG MFGP SHORT AINC SHORT LHSIF SHORT YEXT SHORT TPRE SHORT NBHC SHORT QTWO SHORT NVRO SHORT OCX SHORT GDDY SHORT CNDT SHORT TCAP SHORT BNED SHORT NEWR SHORT JAG SHORT STAY SHORT NMIH SHORT SENS SHORT CSSE SHORT CURR SHORT DRNA SHORT BOTZ SHORT NSM SHORT ROX SHORT CVRS SHORT DVMT SHORT BHGE SHORT CNCR SHORT CNIT SHORT CNAB SHORT COUP SHORT AVXS SHORT OOMA SHORT LLEX SHORT TDOC SHORT OPP SHORT FAAR SHORT MJCO SHORT SHAK SHORT NGVC SHORT CHMA SHORT CARB SHORT GDI SHORT ENPH SHORT NGVT SHORT NOVT SHORT SMHI SHORT

    submitted by /u/aiequitypredict
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