Bitcoin lifts crypto stocks, Meta sinks, Spotify soars, and Rubrik IPOs: Markets news roundup
Plus, Bill Gates and Sam Altman invest in nuclear power and a financial adviser says you should, too
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Spotify stock rose by almost 17% after the company beat first-quarter estimates and provided strong guidance for the next quarter. The stock hit a 52-week high.
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Rubrik, a Microsoft-backed company that makes data management software, went public and the stock quickly soared 20% . Under the ticker symbol RBRK, the unicorn company priced its initial public offering at $32 per share. The stock opened at $38.60 per share.
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Meta stock fell more than 10%, even as the Facebook parent company reported better-than-anticipated sales in its quarterly earnings. The losses appeared to be driven by the company’s steep Metaverse losses, and CEO Mark Zuckerberg’s commitment to continue that spending.
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Kyle Wool, chief executive officer of Dominari Securities, spoke with Quartz for the latest installment of our “Smart Investing” video series.
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Bitcoin fell below $64,000 as tech stocks continued to decline. The flagship cryptocurrency was trading around $63,240 in mid-morning, with a drop of over 2.5%.
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2024 could be a big year for a slew of ‘unicorn’ IPOs from Databricks to a potential Starlink spinoff according to Kyle Wool, CEO of Dominari Securities.
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Will this be a big year for cybersecurity? Kyle Wool, CEO of Dominari Securities, breaks down why he thinks so.