Tag: Technology startups

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How past tech floats fared, and upcoming IPOs in London

Amazon listed on the Nasdaq at $18 a share with a market value of $438m in 1997, when it was just an online bookseller, with 256 employees. The share price rose gradually over the years, but started to rocket in 2015 after the firm posted substantial profits. Three years later, it became the world’s second…
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April 3, 2021 0

Big tech threw $200m at a ballot measure to hurt gig economy workers. And they won | Ross Barkan

One of the darker outcomes of 21st-century work life has been the predatory gig economy. Divorced from healthcare benefits and regular pay, millions of workers are told they are supposed to be lucky to drive passengers around in a car for ever-diminishing returns. Last week, there was hope that Proposition 22, a ballot measure that…
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November 13, 2020 0

Shopping, songs, TV, transport … new tech has many sectors in disarray

Netflix has helped change the way we watch television and film, further weakening our reliance on traditional TV schedules and providing a cheaper alternative to a cinema trip. It invested massively in shows such as The Crown, Stranger Things and House of Cards to drive subscriber growth. It is now spending money on locking in…
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February 9, 2019 0