First, snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 26. It closed at 24. 48. The maker of the disappearing photo app ended a long tech ipo drought. We caught up with Bloomberg Ipo reporter alex barinka and sarah frier. If you think about the range, a typical ipo you like to see 20 to 30 . This one will have more buzz baked in. Twitter was 70 percent plus on day one. Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. There was not a lot of swinging going on. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the return for investors. If you look at the ipo scoreboard, facebook now almost triple its ipo value. Twitter, down 10 , now down 65 . It is worth remembering that what happens on the first day of an ipo is not always remain. Talk us through the managing expectations. The roads
First, snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 26. It closed at 24. 48. The maker of the disappearing photo app ended a long tech ipo drought. We caught up with Bloomberg Ipo reporter alex barinka and sarah frier. If you think about the range, a typical ipo you like to see 20 to 30 . This one will have more buzz baked in. Twitter was 70 percent plus on day one. Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. There was not a lot of swinging going on. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the return for investors. If you look at the ipo scoreboard, facebook now almost triple its ipo value. Twitter, down 10 , now down 65 . It is worth remembering that what happens on the first day of an ipo is not always remain. Talk us through the managing expectations. The roads
General motors is ready to announce the sale of the struggling european union. Is said tor vauxhall be worth about 2 billion u. S. It would give gm an answer from a business that has lost it more than 9 billion from 2009. Breaking news right now a prosecutor accusing samsung of conspiring to hide bribes. We will continue to follow this story and give you more details as we get them. We are watching a live picture there out of seoul on these announcements. Again, a prosecutor accusing the samsung heir of conspiring to hide bribes. More on that later on. This is bloomberg. Caroline i am caroline hyde. This is the best of Bloomberg Technology. We bring you all of our top interviews from this week in tech. Coming up, snap. The big picture. We get you up to speed on the trading day debut as tech ushers in its first ipo of the year. Plus, Travis Kalanick gets his closeup, and it is not a good look. How ubers ceo was caught on a tape in a video handed over to bloomberg. We head over to barcel
This is entertainment tonight. Brad pitt reportedly gets to see his children again. We have details from inside the family meeting as the clock ticks down to the end of the temporary custody agreement. Brad pitt has now reportedly been reunited with his kids twice since angelina filed for divorce. The most recent visit is said to have been two hours long and at this is uncharted territories when were talking about most famous man in the world being monitored so he can spend time with children. But there appear fweez an interesting tist. It appears brads son, maddox wasnt present. Meaning he hasnt seen him since september. Well, maddox is at the center of pit and joely got into an argument. Maddox was there before brad. It was his mom and angelina and then brad came in the picture. So, he may be taking sides. Maddox is the first baby i ever held. Hes made me a woman. It may be his way of standing up for his mom. We are filming in cambodia about his country and history. Worked with his d
This is entertainment tonight. Brad pitt reportedly gets to see his children again. We have details from inside the family meeting as the clock ticks down to the end of the temporary custody agreement. Brad pitt has now reportedly been reunited with his kids twice since angelina filed for divorce. The most recent visit is said to have been two hours long and at this is uncharted territories when were talking about most famous man in the world being monitored so he can spend time with children. But there appear fweez an interesting tist. It appears brads son, maddox wasnt present. Meaning he hasnt seen him since september. Well, maddox is at the center of pit and joely got into an argument. Maddox was there before brad. It was his mom and angelina and then brad came in the picture. So, he may be taking sides. Maddox is the first baby i ever held. Hes made me a woman. It may be his way of standing up for his mom. We are filming in cambodia about his country and history. Worked with his d