SAUL LOEB/AFP/Getty ImagesSome of the world's most well-known private companies have lost value since the pandemic's start, according to their mutual-fund backers, securities filings show.
While some of the cuts may have been tied to pandemic-specific developments like a plunge in global travel, some market-watchers say it was time for private valuations to come back down to earth anyway. WeWork, Palantir, Airbnb, and the asset managers declined to comment. Sweetgreen did not respond to a request for comment. Investors' usual way of valuing companies is under scrutiny— and it could mean the end of the unprofitable unicorns that dominated in the last decade
Despite the pandemic, broadly speaking, valuations, particularly for companies going public, "haven't fallen off a cliff," said Wayne Kawarabayashi, the head of M&A at tech-focused investment bank Union Square Advisors. "The private market due to COVID and WeWork dislocations has been forced to mature," said Omeed Malik, founder and CEO of Farvahar Partners, which advises several unicorns on what to do next.Malik was previously an executive at Bank of America before being fired for what was characterized by the bank as harassment; Malik sued over defamation and discrimination, and received an undisclosed, multi-million-dollar settlement from the bank.
SPACs, which stands for special purpose acquisition company, have exploded in popularity this year, with names like hedge-fund billionaire Bill Ackman and baseball executive Billy Beane headlining some new offerings. With billions ready to be deployed in a set period of time, SPACs may target unicorns — and potentially start a bidding war amongst themselves.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
How business owners can cut costs and prepare their companies for an uncertain future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Unemployed during coronavirus pandemic: Business Insider survey - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Well Good Evening, check me out then Work at a university. So yup. Unemployed. And they are clueless how to reopen so far.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Stock picks, investing strategies, advice from 3 growth fund managers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Sure. Constantly try to read this and keep up with all the market trends and maybe eek out an extra percentage or two. OR buy index funds and index tracking ETFs and forget about them while you live your life. You’ll still make quite the return!
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
86 400 cut the maximum interest rate on its high-yield Save account - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Southwest will cut back on cleaning planes despite coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ewe; not flying on their planes
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »