Founders Flash: Fitbit Shares Spike After High-Profile IPO

Fitbit is once again back in the news – and atop The Flash – for all the right reasons. Shares of the SF-based fitness device maker were spiking late last week after its June 18 IPO opened at $20 per share on the New York Stock Exchange. Where does that put Fitbit’s total market cap? About $6.42 billion…

And with Silicon Valley’s top startups raking in funds, Airbnb has decided to join the fray. The online home/apartment rental facilitator is looking to raise $1B in venture capital, based on a valuation of $24 billion – more than double its $10B valuation of just one year ago. Somewhere Marc Andreessen and Ben Horowitz are nodding and smiling…

Speaking of which – Andreessen Horowitz are actually making a case against a tech bubble. (of course they are!)

See these and more in The Flash!

 
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