SmileDirectClub is now the worst unicorn IPO of 2019, down nearly 60% from its debut

Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Shares of SmileDirectClub plummeted 12.9% on Monday after California Gov. Bill 1519, which he extended through January of 2024, gives the Dental Board of California oversight over all dental operations within the state. The stock is now down almost 6


Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Shares of SmileDirectClub plummeted 12.9% on Monday after California Gov. Bill 1519, which he extended through January of 2024, gives the Dental Board of California oversight over all dental operations within the state. The stock is now down almost 6
SmileDirectClub is now the worst unicorn IPO of 2019, down nearly 60% from its debut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: pippa stevens
Keywords: news, cnbc, companies, worst, nearly, 2019, unicorn, dental, cofounder, bill, sept, stock, went, ipo, california, debut, public, smiledirectclub


SmileDirectClub is now the worst unicorn IPO of 2019, down nearly 60% from its debut

Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019.

Shares of SmileDirectClub plummeted 12.9% on Monday after California Gov. Gavin Newsom signed a bill that protects consumers who use teledentistry products. Bill 1519, which he extended through January of 2024, gives the Dental Board of California oversight over all dental operations within the state.

The stock is now down almost 60% since it went public just over a month ago, making it the worst-performing IPO this year among companies that went public with a valuation over $1 billion. The stock began trading on Sept. 12. Lyft is the second-worst unicorn performer since its IPO, down about 45%.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: pippa stevens
Keywords: news, cnbc, companies, worst, nearly, 2019, unicorn, dental, cofounder, bill, sept, stock, went, ipo, california, debut, public, smiledirectclub


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WeWork will close its private school in 2020 as it looks to cut costs

WeWork is shutting down early education school WeGrow later this year, in what represents the latest cost-cutting measure by the struggling office-sharing company. A WeWork spokesperson told CNBC that WeGrow will continue to operate through the remainder of the 2019-20 school year. The elementary school is located in New York’s Chelsea neighborhood and charges as much as $42,000 per year in tuition. “WeWork and the families of WeGrow students are engaging in discussions with interested parties r


WeWork is shutting down early education school WeGrow later this year, in what represents the latest cost-cutting measure by the struggling office-sharing company. A WeWork spokesperson told CNBC that WeGrow will continue to operate through the remainder of the 2019-20 school year. The elementary school is located in New York’s Chelsea neighborhood and charges as much as $42,000 per year in tuition. “WeWork and the families of WeGrow students are engaging in discussions with interested parties r
WeWork will close its private school in 2020 as it looks to cut costs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: annie palmer
Keywords: news, cnbc, companies, operate, spokesperson, families, looks, efforts, close, 2020, ipo, school, private, wegrow, costs, students, cut, wework, company


WeWork will close its private school in 2020 as it looks to cut costs

WeWork is shutting down early education school WeGrow later this year, in what represents the latest cost-cutting measure by the struggling office-sharing company.

The news was first reported by The Huffington Post.

A WeWork spokesperson told CNBC that WeGrow will continue to operate through the remainder of the 2019-20 school year. The elementary school is located in New York’s Chelsea neighborhood and charges as much as $42,000 per year in tuition.

“As part of the company’s efforts to focus on its core business, WeWork has informed the families of WeGrow students that we will not operate WeGrow after this school year,” the spokesperson said in a statement. “WeWork and the families of WeGrow students are engaging in discussions with interested parties regarding plans for WeGrow for the following school year.”

The move follows additional efforts by WeWork’s new co-CEOs, Artie Minson and Sebastian Gunningham, to trim the fat at the company. Since Adam Neumann exited the company in September, the company has put three companies up for sale, including event organizing platform Meetup, office management company Managed by Q and marketing company Conductor, according to The Information.

According to a separate report in The Information, WeWork could further reduce costs by slashing up to one-third of the company’s workers, or roughly 5,000 employees.

Late last month, WeWork withdrew its IPO filing amid sharp criticism from investors, mounting losses and a dwindling IPO valuation.


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: annie palmer
Keywords: news, cnbc, companies, operate, spokesperson, families, looks, efforts, close, 2020, ipo, school, private, wegrow, costs, students, cut, wework, company


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Your first trade for Thursday, October 10

The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more


The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more
Your first trade for Thursday, October 10 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: tyler bailey
Keywords: news, cnbc, companies, ipos, stocks, periods, struggling, trade, yearmarketsread, oflock, pressure, layer, wave, ipo


Your first trade for Thursday, October 10

The struggling IPO class of 2019 could be facing another wave of…

Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: tyler bailey
Keywords: news, cnbc, companies, ipos, stocks, periods, struggling, trade, yearmarketsread, oflock, pressure, layer, wave, ipo


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Here are the biggest analyst calls of the day: Apple, Cisco, Kroger, Netflix & more

The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more


The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more
Here are the biggest analyst calls of the day: Apple, Cisco, Kroger, Netflix & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: michael bloom
Keywords: news, cnbc, companies, ipos, stocks, periods, calls, cisco, analyst, struggling, day, apple, yearmarketsread, netflix, kroger, biggest, oflock, pressure, layer, wave, ipo


Here are the biggest analyst calls of the day: Apple, Cisco, Kroger, Netflix & more

The struggling IPO class of 2019 could be facing another wave of…

Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: michael bloom
Keywords: news, cnbc, companies, ipos, stocks, periods, calls, cisco, analyst, struggling, day, apple, yearmarketsread, netflix, kroger, biggest, oflock, pressure, layer, wave, ipo


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Goldman downgrades Cisco, says trade ‘uncertainty’ is causing businesses to cut spending

The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more


The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more
Goldman downgrades Cisco, says trade ‘uncertainty’ is causing businesses to cut spending Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: pippa stevens
Keywords: news, cnbc, companies, ipos, downgrades, stocks, periods, cisco, trade, struggling, businesses, cut, yearmarketsread, goldman, wave, ipo, spending, oflock, pressure, layer, uncertainty, causing


Goldman downgrades Cisco, says trade 'uncertainty' is causing businesses to cut spending

The struggling IPO class of 2019 could be facing another wave of…

Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: pippa stevens
Keywords: news, cnbc, companies, ipos, downgrades, stocks, periods, cisco, trade, struggling, businesses, cut, yearmarketsread, goldman, wave, ipo, spending, oflock, pressure, layer, uncertainty, causing


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Foreign-born Trump donors tied to Giuliani’s Ukraine efforts arrested on campaign finance charges

The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more


The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more
Foreign-born Trump donors tied to Giuliani’s Ukraine efforts arrested on campaign finance charges Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: kevin breuninger
Keywords: news, cnbc, companies, trump, tied, campaign, efforts, struggling, stocks, periods, layer, ipos, yearmarketsread, ipo, donors, foreignborn, oflock, pressure, charges, finance, giulianis, wave, ukraine


Foreign-born Trump donors tied to Giuliani's Ukraine efforts arrested on campaign finance charges

The struggling IPO class of 2019 could be facing another wave of…

Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year.

Markets

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Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: kevin breuninger
Keywords: news, cnbc, companies, trump, tied, campaign, efforts, struggling, stocks, periods, layer, ipos, yearmarketsread, ipo, donors, foreignborn, oflock, pressure, charges, finance, giulianis, wave, ukraine


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Delta is hiring 12,000 through 2020 as airline expands operations, CEO says

The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more


The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more
Delta is hiring 12,000 through 2020 as airline expands operations, CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: leslie josephs
Keywords: news, cnbc, companies, ipos, stocks, periods, layer, struggling, operations, hiring, yearmarketsread, airline, ipo, expands, 12000, delta, pressure, oflock, wave, 2020, ceo


Delta is hiring 12,000 through 2020 as airline expands operations, CEO says

The struggling IPO class of 2019 could be facing another wave of…

Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: leslie josephs
Keywords: news, cnbc, companies, ipos, stocks, periods, layer, struggling, operations, hiring, yearmarketsread, airline, ipo, expands, 12000, delta, pressure, oflock, wave, 2020, ceo


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UBS slashes Netflix price target by $50

The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more


The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more
UBS slashes Netflix price target by $50 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: john melloy
Keywords: news, cnbc, companies, ipos, stocks, periods, price, struggling, slashes, yearmarketsread, netflix, target, ubs, oflock, pressure, layer, wave, ipo


UBS slashes Netflix price target by $50

The struggling IPO class of 2019 could be facing another wave of…

Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: john melloy
Keywords: news, cnbc, companies, ipos, stocks, periods, price, struggling, slashes, yearmarketsread, netflix, target, ubs, oflock, pressure, layer, wave, ipo


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Here are the biggest analyst calls of the day: Apple, Cisco, Kroger, Netflix & more

The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more


The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more
Here are the biggest analyst calls of the day: Apple, Cisco, Kroger, Netflix & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: michael bloom
Keywords: news, cnbc, companies, ipos, stocks, periods, calls, cisco, analyst, struggling, day, apple, yearmarketsread, netflix, kroger, biggest, oflock, pressure, layer, wave, ipo


Here are the biggest analyst calls of the day: Apple, Cisco, Kroger, Netflix & more

The struggling IPO class of 2019 could be facing another wave of…

Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: michael bloom
Keywords: news, cnbc, companies, ipos, stocks, periods, calls, cisco, analyst, struggling, day, apple, yearmarketsread, netflix, kroger, biggest, oflock, pressure, layer, wave, ipo


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Goldman downgrades Cisco, says trade ‘uncertainty’ is causing businesses to cut spending

The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more


The struggling IPO class of 2019 could be facing another wave of… Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year. Marketsread more
Goldman downgrades Cisco, says trade ‘uncertainty’ is causing businesses to cut spending Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: pippa stevens
Keywords: news, cnbc, companies, ipos, downgrades, stocks, periods, cisco, trade, struggling, businesses, cut, yearmarketsread, goldman, wave, ipo, spending, oflock, pressure, layer, uncertainty, causing


Goldman downgrades Cisco, says trade 'uncertainty' is causing businesses to cut spending

The struggling IPO class of 2019 could be facing another wave of…

Lock up periods are expiring for new IPOs, which could introduce a new layer of pressure for some already struggling stocks this year.

Markets

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-10  Authors: pippa stevens
Keywords: news, cnbc, companies, ipos, downgrades, stocks, periods, cisco, trade, struggling, businesses, cut, yearmarketsread, goldman, wave, ipo, spending, oflock, pressure, layer, uncertainty, causing


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