Battle Over Startup Leaves Early Investor With No Equity, $2.6 Million Legal Bill [BNN Bloomberg (Canada)]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
Check Earnings Report
US:NASDAQ Investor Relations:
abc.xyz/investor
Company Research
Source: BNN Bloomberg
Instead, it landed him on the receiving end of a lawsuit, leading to more than $2.6 million in damages against him and his new firm and possibly tens of millions more in legal fees. At issue is a challenge to a fundamental convention in Silicon Valley: whether the startup has denied early investors a return by refusing to switch their decade-old convertible debt commitments into equity, tying up their holdings even as the company has flourished. Without equity, they can't sell their interest in Toptal, making their outlay worth little more than the day they invested. While Silicon Valley relationships between investors and the startups they fund are frequently tense, it's rare for them to boil over into lawsuits. Deals are usually hashed out behind closed doors, struck by founders eager to please their backers and investors wanting to seem founder friendly. Lately, that dynamic has come under strain. As interest rates have climbed and investors have handed out less money, there
Show less
Read more
Impact Snapshot
Event Time:
GOOG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GOOG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GOOG alerts
High impacting Alphabet Inc. - Class C Capital Stock news events
Weekly update
A roundup of the hottest topics
GOOG
News
- As Google's antitrust trial wraps, DOJ seeks sanctions over missing messages [Verge, The]Verge, The
- Google Takes Questions Over Ads as US Trial Comes to a Close [BNN Bloomberg (Canada)]BNN Bloomberg
- Google, U.S. Justice Department make final arguments about whether search engine is a monopoly [Financial Post (Toronto, Ontario, Canada)]Financial Post
- 4 Little-Known Tools That Can Make or Break Your Small Business [Yahoo! Finance]Yahoo! Finance
- DXYZ And The Fakers Dozen, 13 Stocks With Huge Downside Risk [Seeking Alpha]Seeking Alpha
GOOG
Earnings
- 4/25/24 - Beat
GOOG
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- GOOG's page on the SEC website