If there’s one lesson Silicon Valley can learn from Snap Inc.’s trading debut, it’s that investors in initial public offerings are again willing to stomach the uncertainty of betting on hopeful, young companies. While concerns still loom about growth and profitability at the maker of disappearing-photo app Snapchat, interest in the IPO is undeniable.
Category: Palo Alto, CA
Snap IPO Shows Investor Appetite to Again Bet on Young Companies
If there’s one lesson Silicon Valley can learn from Snap Inc.’s trading debut, it’s that investors in initial public offerings are again willing to stomach the uncertainty of betting on hopeful, young companies. While concerns still loom about growth and profitability at the maker of disappearing-photo app Snapchat, interest in the IPO is undeniable.
HPE’s Whitman Struggles in Shift to Smaller Size, Cloud Pressure
Hewlett Packard Enterprise Co.’ s Meg Whitman, who has been working to transform the company into a more efficient corporate-technology provider, is being thwarted by rising supply costs and aggressive cloud rivals.
Tesla Model 3 on Track as Musk Posts Narrower Quarterly Loss
Tesla Inc. posted a narrower quarterly loss than estimated and said the much-anticipated Model 3 electric sedan remains on schedule, as Chief Executive Officer Elon Musk closes in on his pursuit of more mainstream car buyers. The electric-car maker expects to deliver as many as 50,000 vehicles in the first half of the year and still sees Model 3 production starting in July, according to a letter to shareholders Wednesday.
Obamacare launched a new wave of start-ups. Now they’re bracing for what’s next.
Four years ago, Noah Lang saw an opportunity in Obamacare. With an eye toward the millions of people set to purchase health insurance on their own for the first time, the 29-year-old Silicon Valley entrepreneur founded a start-up, Stride Health, that helps them compare and choose between plans – and do it all from a smartphone.
Palo Alto council wants housing, cautious about density
The owner of 4146 El Camino Real is interested in developing the lot, pictured at left on Tuesday, Feb. 14, 2017, which has been vacant since 1997, into up to 21 multifamily condo units. Opponents say the proposal is too dense for the area while supporters say the area is ideal for density because of its proximity to businesses and public transportation.
Tesla Employee Says Workers Contacted UAW About Organizing
Tesla Inc. workers at its only auto plant have contacted the United Auto Workers seeking assistance with forming a union, according to a Medium post published Thursday by a man claiming to be a factory employee. “I think our management team would agree that our plant doesn’t function as well as it could, but until now they’ve underestimated the value of listening to employees,” wrote Jose Moran, who identifies himself as a worker for the past four years at the plant in Fremont, California.
Report: Driver in double fatal Tesla crash was intoxicated
Police say the driver of a speeding Tesla electric car that crashed and burned in Indianapolis, killing her and a passenger, was too drunk to drive. Indianapolis police released an updated report Wednesday on the November crash.
Palo Alto residents balk at burden on traffic, housing as Stanford grows
Stanford’s plans to expand through 2035 do not go far enough to curb traffic congestion and increase affordable housing, Palo Alto residents and university students and employees said during a community meeting Wednesday. The university has submitted an application to Santa Clara County seeking a general use permit to add nearly 2.3 million square feet of academic buildings and up to 3,150 on-campus housing units for students, staff and faculty.
Palo Alto appeals judgea s reversal of Buena Vista Mobile Home Park decision
A view of the El Camino Real entrance to the Buena Vista Mobile Home Park in Palo Alto, Calif. on Tuesday, Dec. 6, 2016.
How to Drink with Billionaires
Mark Oldman is one of the wine world’s great popularizers. In his lectures, seminars and books – the most recent of which, How to Drink Like a Billionaire: Mastering Wine with Joie de Vivre , came out last fall – he encourages his audience to try unfamiliar grapes, relax about food and wine pairings and enjoy wine rather than make a fetish of it.
Tesla Gives U.K. Buyers Two Weeks to Dodge Brexit Price Increase
Tesla Motors Inc. customers in the U.K. may find their Christmas cash goes a little further than expected after the carmaker postponed a price increase by two weeks. The U.S. electric-auto manufacturer’s plans to raise prices 5 percent in the U.K. have been put off until Jan. 15 from the original beginning-of-the-year deadline, Tesla said Monday in an e-mailed statement.