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HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02AI Processing
Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]
Snap climbs 13% as activist Irenic suggests changes to boost stock's value 7x
CNBC· 2026-03-31 17:09
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Shares of Snap climbed 13% Tuesday after shareholder Irenic Capital Management sent a letter to CEO Evan Spiegel outlining changes that could increase the stock's value by almost 600%. The recommendations, titled "6 Steps to 7X," aim to increase Snap's stock price from $3.93 to over $26 per share. Irenic's recommendations include shutting down or spinning off Spe ...
Tilray Brands' Q3 Earnings on the Horizon: What's in The Offing?
ZACKS· 2026-03-31 17:06
Key Takeaways Tilray Brands, Inc. (TLRY) is expected to report third-quarter fiscal 2026 results on April 1, 2026, before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $205.9 million, indicating a rise of 10.9% from the figure reported in the year-ago quarter. The consensus estimate for quarterly loss of 14 cents per share has been narrower than the loss of $1 recorded in the year-ago quarter. The consensus mark has been stable in the past 30 days. In the last reported quarter, th ...
Can NFLX's Content Strength Sustain User Engagement & Revenue Growth?
ZACKS· 2026-03-31 17:06
Key Takeaways Netflix's (NFLX) content strength remains the primary engine driving user engagement and revenue growth. The company is seeing strong traction from originals, with branded content viewing rising 9% year over year in the second half of 2025, driven by blockbuster titles and a globally diverse slate. This depth of content fuels higher engagement, which management links to improved retention, lower churn and stronger customer satisfaction — key drivers of sustainable revenue growth. Notably, user ...
UTHR Stock Rises 12.5% on Promising Data From TETON-1 Tyvaso Study
ZACKS· 2026-03-31 17:06
Key Takeaways Shares of United Therapeutics (UTHR) rallied 12.5% on Monday after the company unveiled robust data from the phase III TETON-1 study evaluating nebulized Tyvaso for the treatment of patients with idiopathic pulmonary fibrosis (IPF), a devastating lung disease with limited treatment options. UTHR's TETON program comprises two late-stage parallel studies—TETON-1 conducted in the United States and Canada, and TETON-2 internationally—with top-line data from TETON-2 previously reported in September ...
Charlotte's Web Q4 Earnings Call Highlights
Yahoo Finance· 2026-03-31 17:04
Management repeatedly pointed to the Center for Medicare and Medicaid Innovation (CMMI) pilot program as a key growth opportunity. Morachnick said that, under the pilot, seniors can gain access to "science-backed CBD products through a federally authorized Medicare pilot," and that CMS recently issued additional guidance establishing the Substance Access Beneficiary Engagement Incentive (Substance Access BEI) as the mechanism for the program. In response to analyst questions about BAT's ownership, Lind said ...
Colliers International Group Shareholders Approve All AGM Items, Including Stock Plan Amendment
Yahoo Finance· 2026-03-31 17:04
Jack Curtin, Lead Director of Colliers, chaired the virtual meeting. He was joined by Jay Hennick, Global Chairman and Chief Executive Officer; Christian Mayer, Chief Financial Officer and CEO of Commercial Real Estate; Matthew Hawkins, Senior Vice President, Legal and Corporate Secretary; and Lynda Cralli, Chief of Staff and Assistant Corporate Secretary. → The Often-Missed Corner of Healthcare That Wall Street Is Loving Hawkins reported that quorum requirements were met under the company's bylaws, which d ...
Streaming Profits Are Up 72% Yet Disney Shares Are Down 17% This Year
247Wallst· 2026-03-31 17:04
Streaming Profits Are Up 72% Yet Disney Shares Are Down 17% This Year - 24/7 Wall St. S&P 5006,505.50 +2.46% Dow Jones46,173.80 +2.01% Nasdaq 10023,649.60 +3.03% Russell 20002,484.28 +2.92% FTSE 10010,208.00 +1.26% Nikkei 22552,507.30 +2.90% Stock Market Live March 31, 2026: S&P 500 (SPY) Pops on News Trump Could End War Investing Streaming Profits Are Up 72% Yet Disney Shares Are Down 17% This Year By David BerenPublished Mar 31, 1:04PM EDT Quick Read Disney (DIS) reported Q1 FY2026 revenue of $25.98B, ...
FactSet Research Systems Inc. (NYSE:FDS) Delivers Strong Revenue Growth and Strategic AI Partnership
Financial Modeling Prep· 2026-03-31 17:03
Revenue Growth: FactSet (NYSE:FDS) reported GAAP revenues of $611 million for Q2 2026, a 7.1% year-over-year increase, surpassing estimates.Margin and EPS Performance: Despite a decline in operating margins, adjusted diluted EPS rose by 4.2% to $4.46, while GAAP diluted EPS fell by 4.5% to $3.59.AI-Driven Innovation: FactSet announced a strategic partnership with Finster AI to enhance its AI-driven workflow automation platform, reinforcing its leadership in financial technology.FactSet Research Systems Inc. ...
Strategy: I'm Gonna Knock It Out The Park (Rating Upgrade)
Seeking Alpha· 2026-03-31 17:03
Strategy ( MSTR ) stock, which is down by about 10% since my last analysis of the company, is ripe for accumulation upon my further analysis. Since my February 3 piece, I have taken much more time to Analyst's Disclosure: I/we have a beneficial long position in the shares of MSTR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship w ...