Auto site Carvana tumbles 26% in stock market debut

Carvana, the site for buying and selling cars, had a rough first day in the public markets. After pricing its IPO at $15 per share, it ended the day down 26% at $11.10.Bankers typically recommend a price that would cause the shares to go up about 20% or so on the...

California orders RydenGo to shut down its website

On April 13, the state of California issued a cease and desist letter to RydenGo, saying that the company had to take down its website. The letter stated that the ride-hailing startup was operating without a permit from the California Public Utilities Commission...

Cloudera finishes up 20% in stock market debut

After pricing its IPO at $15 per share, Cloudera, the enterprise big data company, closed the day up more than 20 percent, at $18.09. This also is above the range of $12 to $14 for which Cloudera was preparing.While the surging stock price is great for new investors,...