Aidan Ryan — The Information

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Aidan Ryan

Reporter

Aidan Ryan is a reporter for The Information, covering financial markets and digital media. He previously was an intern for The Information and covered politics for the Boston Globe. Aidan graduated from Harvard College in 2021 with a degree in social studies. Originally from New Hampshire, he lives in Brooklyn and can be reached at [email protected] Follow him on Twitter @aidanfitzryan.

Tech Stocks Fall as New Covid Variant Leads to Market Sell-Off

Nov. 26, 2021 · 11:13 AM PST

Tech stocks dropped sharply amid a market-wide sell-off on Friday triggered by news of a new Covid-19 variant discovered in South Africa.

Rivian, Ford Part Ways on Joint Plan to Develop Electric Vehicle

Nov. 19, 2021 · 2:49 PM PST

Ford plans to work on its own model, with a company spokesperson telling the Journal that the development of electric vehicles from both companies “have advanced to a significant degree.”

Peloton Seeking to Raise $1 Billion in Public Stock Offering

Nov. 16, 2021 · 7:46 AM PST

Fitness company Peloton is raising $1 billion in a stock offering, supplementing the company’s cash reserves as it grapples with a sharp slowdown in growth and significant losses in the most recent quarter.

Rivian Stock Rises Nearly 30% in IPO

Nov. 10, 2021 · 11:15 AM PST

Rivian’s IPO, which netted the company $12 billion, is the seventh-largest U.S. IPO ever, according to IPO research firm Renaissance Capital.

Nextdoor Stock Climbs Nearly 30% in Public Debut

Nov. 8, 2021 · 12:06 PM PST

The neighborhood social network company went public after completing a merger with Khosla Ventures Acquisition Co. II, a special purpose acquisition company, on Friday.

Peloton Stock Falls After Weak Earnings Report

Nov. 5, 2021 · 2:30 PM PDT

Friday’s closing price is 67% down from the stock’s all-time high of $171 in January.

NerdWallet Shares Jump Over 70% in IPO

Nov. 4, 2021 · 9:59 AM PDT

Shares of personal finance company NerdWallet soared to above $30 as it began trading on Thursday, a nearly 70% increase from its initial public offering price of $18.

Bird to Begin Trading Thursday as SPAC Investors Approve Merger

Nov. 2, 2021 · 11:50 AM PDT

News of the approved deal sent Switchback’s stock down more than 16% Tuesday afternoon as investors unloaded the stock to cash out ahead of the merger.

Rivian Seeking IPO Valuation of Nearly $60 Billion

Nov. 1, 2021 · 12:42 PM PDT

Electric vehicle company Rivian Automotive is seeking a public valuation of nearly $60 billion in its forthcoming IPO, more than twice its last private market value

Udemy Stock Falls in First Day of Trading

Oct. 29, 2021 · 1:03 PM PDT

Udemy shares closed at $27.50 Friday, down from its IPO price of $29.

E-commerce Markets

Allbirds Seeking to Raise Up to $269 Million in IPO

Oct. 25, 2021 · 10:55 AM PDT

Direct-to-consumer footwear company Allbirds is seeking to go public at a price per share of between $12 and $14, translating to a market capitalization of between $1.7 billion and $2 billion.

WeWork Begins Trading on the Nasdaq

Oct. 21, 2021 · 10:19 AM PDT

WeWork's stock was up 11% as of Thursday afternoon, trading just above $11.50.

GitLab Stock Climbs 35% in IPO

Oct. 14, 2021 · 1:10 PM PDT

Shares of open source software development company GitLab jumped 35% on its opening day of trading from its IPO price, closing near $104 per share.

Udemy CEO Greg Coccari. Art by Mike Sullivan

As Udemy Plans IPO, Instructors Complain Policy Change Cut Their Pay

By Aidan Ryan · Oct. 12, 2021 10:29 AM PDT · 2 comments

As online education service Udemy prepares to market its initial public offering later this month, Udemy’s instructors are grumbling on the sidelines. They complain that their pay has been slashed in recent months as a result of changes the company made last spring to its pay scales. Those changes helped lift Udemy’s gross profits in... As online education service Udemy prepares to market its initial public offering later this...

Peloton Rival iFIT Postpones IPO, Citing “Adverse Market Conditions”

Oct. 7, 2021 · 7:50 AM PDT

iFIT’s postponement raises questions whether other companies will reevaluate plans of going public.

Barstool’s Nardini Predicts More Sports Media Firms Will Partner With Betting Firms

By Aidan Ryan · Oct. 6, 2021 10:25 AM PDT

WTF: Women in Tech, Media and Finance

Barstool’s Nardini Predicts More Sports Media Firms Will Partner With Betting Firms

By Aidan Ryan · Oct. 6, 2021 10:25 AM PDT

The legalization of online sports betting in states across the U.S. has sparked a wave of deal making within the sports betting industry involving both sports leagues and digital media firms. Barstool Sports CEO Erika Nardini predicts more media firms will strike deals, although she says it is the professional sports leagues that hold the most... The legalization of online sports betting in states across the U.S. has sparked a wave of deal...

Digital Education Company Udemy Files for IPO

Oct. 5, 2021 · 10:31 AM PDT

The San Francisco-based company follows several other education technology companies like Duolingo and Coursera that have opted for public listings.

Electric Vehicle Maker Rivian Files for IPO

Oct. 1, 2021 · 3:19 PM PDT

The maker of electric pickup trucks and SUVs, which has a deal to deliver 100,000 vans to Amazon by 2025, lost $994 million in the first half of this year.

Analysts Expect Robinhood Stock to Fall, Citing Declining Engagement and Expiring Lockups

Sept. 30, 2021 · 1:13 PM PDT

The stock trading app’s number of active users and app downloads tanked in the third quarter, according to a research report published by JPMorgan Chase & Co., citing Apptopia data.

Facebook Stock Now Trades at Biggest Ever Discount to Alphabet

By Aidan Ryan and Sylvia Varnham O'Regan · Sept. 28, 2021 12:58 PM PDT · 1 comment

Google Facebook

Facebook Stock Now Trades at Biggest Ever Discount to Alphabet

By Aidan Ryan and Sylvia Varnham O'Regan · Sept. 28, 2021 12:58 PM PDT · 1 comment

Investors appear to be losing confidence in Facebook. The social media stock is currently trading at a lower valuation—measured by its total value to its projected earnings—than any of the other major consumer tech companies. Most significantly, Facebook is now trading at its biggest-ever discount to Alphabet’s valuation, ... Investors appear to be losing confidence in Facebook. The social media stock is currently trading...