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SoftBank's Market Value Decreases $ 9 Billion As Uber IPO Flops

(Bloomberg) – On Thursday, when its company recognized a $ 3.8 billion gain on its investment in Uber Technologies Inc., Masayoshi Son announced to investors in SoftBank Group Corp. with, that their time finally came. Instead, they are still waiting. The day after Son's earnings presentation, SoftBank slipped 5.4%, down 4.9% on Monday. The IPO of Uber was a flop …

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Uber Stock Exchange Listing Flops on the first day

Uber's transition to a listed company is a blast, but it's not the first to know, not even this week. However, it is unusual for a company with such a high reputation level to default to the gate. And traders scratched their heads on Friday and tried to remember a high-profile IPO like Uber, which went south on the first …

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Rare penny flops from the Second World War at an auction

This coin toss brought tails. A rare penny, which was supposed to raise $ 1.7 million at a Thursday auction, cost only $ 204,000. The 1943 penny was one of 20 copper inadvertently squeezed into copper this year. The coins were made of galvanized steel because copper was needed for the shell cases of World War II – according to …

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'Spider Verse' Wins, 'Mortal Engines' Flops – Variety

"Spider-Man: Into the Spider's Verses" is the new box office king, collecting $ 35.4 million during its first three days of release. That's not the biggest opening for an animated movie this year, but It does not rank as best in the month of December. Illumination's "Sing" previously held that title, debuting with $ 35 million in 2016. Another weekend …

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Big-budget Chinese movie flops, pulled out of cinemas

The film "Asura" only brought in $ 7.1 million, according to official box office numbers – a wretched sum that would cost 750 million yuan ($ 112 million), the producers said in a press release. It was reportedly the most expensive Chinese movie of all time, according to The Hollywood Reporter. The producers of "Asura" announced on Weibo, a Twitter-like …

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Grab redesign flops and drop shares by 19% as analysts cancel their goals

The redesign of Snapchat clearly requires a redesign, but the backlash to the current version has scared investors. Just months after defending the separation of content from friends and publishers in the redesigned Snapchat app Snap Inc. SNAP, -1.40% Managing Director Evan Spiegel admits that the company is rethinking the company's strategy. Snap's first-quarter sales were below Wall Street expectations …

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