Inside Stability AI's bad breakup with key investors [Fortune]
TechnipFMC plc Ordinary Share (FTI)
Last technipfmc plc ordinary share earnings: 4/22 04:15 pm
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Source: Fortune
summer, and then, just over this weekend, Stability founder Emad Mostaque's sudden resignation as CEO. But what we didn't know was what has been playing out behind-the-scenes between Mostaque and Stability's marquee investors, Coatue and Lightspeed. What my colleague Jessica Mathews and I found was a love story gone wrong. At first, Coatue and Lightspeed saw Stability as a vital AI investment, and Mostaque as a star. Then, things went haywire. We write: “The story of how that relationship fell apart — to the point that, in just one year, Coatue was demanding that Mostaque be fired — is a spectacular business debacle that may cost tens of millions of dollars, dozens of jobs, and the reputations of many of the principal actors involved. But the whirlwind romance that brought together top-tier investors and a startup in the tech industry's most promising sector is also a reminder of the hype, FOMO, and dangerous delusions currently fueling Silicon Valley's love affair with artificial
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- TechnipFMC plc (NYSE: FTI) had its price target raised by analysts at TD Cowen from $30.00 to $32.00. They now have a "buy" rating on the stock.MarketBeat
- TechnipFMC plc (NYSE: FTI) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $30.00 price target on the stock.MarketBeat
- TechnipFMC plc (NYSE: FTI) had its price target raised by analysts at Susquehanna from $27.00 to $34.00. They now have a "positive" rating on the stock.MarketBeat
- TechnipFMC Plc (FTI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- TechnipFMC Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
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- 4/25/24 - Beat
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- 4/25/24 - Form 8-K
- 4/12/24 - Form DEFA14A
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