Shares of GoodRx jumped 39% in their first few hours of publicly trading on Wednesday, lifting the prescription drug coupon company’s stock to $46 from its IPO price of $33. And the IPO price was an increase on the expected price of around $26. At $46 a share, GoodRx has a market capitalization of $17.7 billion. GoodRx’s revenue grew 55% last year and the company is profitable, making it a...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
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