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  • Eventbrite's IPO should encourage tech companies to get out while they still can

    27 days ago - By Tech Crunch

    Eventbrite is having one hell of a debut on the New York Stock Exchange this morning.
    Shares of the ticketing startup, founded back in 2006, have shot up over 50% in trading on the NYSE. After pricing its shares at $23 in its initial offering, investors have bid up the stock to a whopping $37, putting the company's valuation at nearly $3 billion.
    $EB prices $23, opens $36 pic.twitter.com/cYgCuqbmh8
    - September 20, 2018
    That's well above where the ticketing company had hoped to be when it initially set terms for the public offering earlier this month.
    Eventbrite sets IPO range of $19 to...
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  • Goldman Sachs stock trading chief Russo is leaving the bank as incoming CEO Solomon looks to his inner circle

    Goldman Sachs stock trading chief Russo is leaving the bank as incoming CEO Solomon looks to his inner circle

    27 days ago - By Business Insider

    Goldman Sachs' equities chief Paul Russo, who has run the business since 2012, is leaving the firm.
    The departure comes as incoming CEO David Solomon puts his own leadership team at the top of the bank.
    Goldman's equity trading revenue lagged behind peers during the second quarter.
    Goldman Sachs' equities chief Paul Russo is leaving the bank, according to a source familiar with the matter, as incoming CEO David Solomon looks to put his own leadership team at the top of the Wall Street firm.
    Russo, who has worked at Goldman his entire career, exits as the firm's equities division has lagged...
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  • We tried out JPMorgan's new free stock-trading platform that it hopes can take on upstarts like Robinhood, and it fell flat in some major areas

    We tried out JPMorgan's new free stock-trading platform that it hopes can take on upstarts like Robinhood, and it fell flat in some major areas

    27 days ago - By Business Insider

    There's a race to the bottom in stock trading fees right now, and JPMorgan is the latest entrant.
    You Invest, the bank's new zero-fee brokerage platform, offers 100 free trades for all customers, with options up to unlimited trades for premium consumers.
    We took the new platform for a spin to see how it compared to digital-only start-ups like Robinhood.
    The bottom line: it's not the most easy-to-use interface, but it works perfectly and comes with the backing of the US' largest bank.
    JPMorgan 's new You Invest product has a major competitor in its sights: Robinhood.
    The zero-fee trading...
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