Barry Ritholtz

APRIL 7, 2023

From film to fashion and architecture to advertising, creative fields have become dominated and defined by convention and cliché. Known as the Dean of Valuation, he teaches Corporate Finance and Valuation to the MBA students at Stern where he has been voted “Professor of the Year” by the graduating M.B.A.

Valuation 119

Valuation Corporate Finance Advertising Finance 119

Musings on Markets

OCTOBER 1, 2024

The broadest definition of a brand name is that it is recognized (by employees, consumers and the market) and remembered, either because of familiarity (because of brand name longevity) or association (with advertising or a celebrity). billion, with much of that value coming from its pre-tax operating margin of 29.73%. Pepper etc.),

Advertising 122

Advertising Valuation Pharmaceutical Entertainment 122

PYMNTS

JUNE 11, 2020

Instacart ‘s valuation is now almost $14 billion after a new funding round, the company announced in a press release. The company’s valuation is now $13.7 The round raised $225 million and was led by DST Global and General Catalyst. Existing investor D1 Capital Partners contributed as well. billion, the release states.

Valuation 63

Valuation Advertising Retail Technology 63

PYMNTS

JANUARY 30, 2020

The Commonwealth Bank of Australia (CBA) has invested $200 million in the Swedish FinTech unicorn Klarna , the buy now, pay later service for shoppers, both companies announced on Thursday (Jan. CBA gave Klarna an initial investment of $100 million in August. This new funding is at the same valuation — $5.5 percent stake. .

Investments 60

Investments Valuation Advertising Banking 60

CFO News Room

FEBRUARY 2, 2022

Facebook also cited inflation as a weight on advertiser spending. WSJ tech reporter Meghan Bobrowsky explains the concept and why tech companies like Facebook, Roblox and Epic Games are investing billions to develop this digital space. Kim Forrest, chief investment officer of investment firm Bokeh Capital. Technology.

Profit and Loss 130

Profit and Loss Advertising Valuation Investments 130

Nerd's Eye View

OCTOBER 18, 2023

A key value proposition for financial advisors is helping clients avoid common behavioral biases that can lead to suboptimal investment decisions. Which often leads to advisors counseling their clients to stay diversified and stick with a disciplined investment strategy to optimize their risk and return over the long term.

Profit and Loss 98

Profit and Loss Marketing Valuation Investments 98

CFO News Room

JANUARY 19, 2023

In this post, I will be valuing each of these companies, both to assess whether to invest in them individually, and to examine whether there are lessons for the market in their price entrails. Clearly, much has happened since these valuations. to 14.9%.

Valuation 130

Valuation Profit and Loss Numbers Advertising 130

CFO News Room

FEBRUARY 12, 2022

In this post, I will be valuing each of these companies, both to assess whether to invest in them individually, and to examine whether there are lessons for the market in their price entrails. . My September 2020 Valuations. Clearly, much has happened since these valuations. The FANGAM Valuations: February 2022.

Valuation 130

Valuation Profit and Loss Numbers Advertising 130

CFO News Room

FEBRUARY 4, 2022

companies as they reassess their valuations in anticipation of higher interest rates. John Lynch, chief investment officer at Comerica Wealth Management, which manages $175 billion. The company also saw growth in its cloud-computing and advertising businesses. . Meta Platforms Inc. suffered the largest-ever loss. Pinterest Inc.

Marketing 130

Marketing Profit and Loss Advertising Valuation 130

Musings on Markets

OCTOBER 6, 2023

The resulting debate among accountants about how to bring intangibles on to the books has spilled over into valuation practice, and many appraisers and analysts are wrongly, in my view, letting the accounting debate affect how they value companies.

Valuation 125

Valuation Profit and Loss Accounting Investments 125

Musings on Markets

AUGUST 2, 2021

Just over a week ago, I valued Zomato ahead of its market debut, and as with almost every valuation that I do on this forum, I heard from many of you. The Prelude After I posted my valuation last week, I did find some of the portrayals of my post to be a little unsettling. Let me dispel both delusions.

Valuation 52

Valuation Numbers Investments Marketing 52

Musings on Markets

NOVEMBER 10, 2022

In my last post, I used Facebook's recent troubles to talk about the importance of corporate governance, and how we, as investors, have abandoned the power to change management at many younger tech companies in return for being able to invest in young tech companies, with growth potential and well-regarded founders.

Accounting 96

Accounting Advertising Valuation Investments 96

PYMNTS

DECEMBER 7, 2018

To help bolster the company’s growth, UNTUCKit has reportedly tapped a bank in an effort to bring in investment funds. The company, which is said to have enlisted the help of Morgan Stanley, is looking for a valuation north of $600 million, CNBC reported.

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Valuation Healthcare Advertising Investments 40

PYMNTS

JUNE 11, 2020

Instacart ‘s valuation is now almost $14 billion after a new funding round, the company announced in a press release. The company’s valuation is now $13.7 The round raised $225 million and was led by DST Global and General Catalyst. Existing investor D1 Capital Partners contributed as well. billion, the release states.

Valuation 52

Valuation Advertising Retail Technology 52

Musings on Markets

FEBRUARY 12, 2022

In this post, I will be valuing each of these companies, both to assess whether to invest in them individually, and to examine whether there are lessons for the market in their price entrails. Clearly, much has happened since these valuations. trillion, and their share of the overall equity value of all US stocks also surged from 6.5%

Valuation 103

Valuation Profit and Loss Numbers Advertising 103

Musings on Markets

SEPTEMBER 19, 2023

In sum, the overall grocery pie is growing slowly, and the slice of the pie that is profit for those in the grocery game is slim, effectively limiting the valuation stories (and values) for every player in that game. Advertising revenues, though, are assumed to keep track with gross transactions on the platform.

Profit and Loss 126

Profit and Loss Valuation Advertising Investments 126

CFO News Room

NOVEMBER 5, 2022

Having valued and invested in Facebook multiple times in the last decade, I will throw my two cents in, but rather than make the earnings report the center of attention, I will use the company’s recent travails to talk about three issues that I think are big issues not only at Facebook, but for the entire market.

Marketing 130

Marketing Advertising Profit and Loss Investments 130

Musings on Markets

JULY 22, 2021

The business model for the company is built upon intermediation, where customers can connect to restaurants on the platform, and order food, for pick up or delivery, and advertising. It stands to reason that disagreements about the story will be largely on those macro components, rather than in the company-specific components.

Marketing 99

Marketing Valuation Profit and Loss Advertising 99

Musings on Markets

FEBRUARY 12, 2025

I am not an accountant, but I do rely on accounting statements for the raw data that I use in corporate finance and valuation. If you are a shareholder in a company, i.e., an equity investor, the measure that best reflects the profits the company made on the equity you invested in them is the earnings per share.

Hurdle Rate 72

Hurdle Rate Accounting Investments Economics 72

Musings on Markets

NOVEMBER 4, 2022

Having valued and invested in Facebook multiple times in the last decade, I will throw my two cents in, but rather than make the earnings report the center of attention, I will use the company's recent travails to talk about three issues that I think are big issues not only at Facebook, but for the entire market.

Advertising 105

Advertising Profit and Loss Investments Marketing 105

PYMNTS

APRIL 2, 2020

billion spent on TV advertising in 2019 illustrates. Big Data analytics reached a market valuation of $29.87 Its Corporate Investment Group (CIG) used a data analytics system to calculate the default probability of approximately 9.5 This issue is present in almost every industry, as the $70.3

Banking 94

Banking Risk Management Credit Risk Advertising 94

Barry Ritholtz

SEPTEMBER 19, 2022

He has a fascinating background in technology and software, and is interested in all sorts of interesting things, ranging from climate change to humanism, to the huge transitions that humans have gone through as a species and what it means to society, investing, scarcity and just the quality of life that we will enjoy as a species.

Valuation 122

Valuation Investments Marketing Technology 122

PYMNTS

OCTOBER 16, 2018

The company last brought in money in August from Toyota Motor Company and had a valuation of approximately $72 billion. While it is unclear what valuation Uber would have at its IPO, Uber CEO Dara Khosrowshahi has said that the company is looking for a target date in the second half of next year.

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Valuation Advertising Marketing Sales 71

PYMNTS

JUNE 12, 2017

According to Recode , the new venture capital investment is being led by Iconiq Capital, the investment firm that has managed money for the Silicon Valley uber-wealthy, including Mark Zuckerberg and Sheryl Sandberg. And with the new valuation, it is likely the company will pursue an eventual IPO over attempting an acquisition.

Valuation 49

Valuation Advertising Startups eCommerce 49

PYMNTS

JUNE 8, 2016

There’s also the fact that the reported cause of the big drop in Yahoo’s proposed valuation was the reveal at the Sunnyvale meetings last month that Yahoo’s online advertising business is declining more rapidly than once supposed. Investments for the week ended 06-03-16. billion range. Don’t be alarmed.

Investments 40

Investments Advertising Valuation Sales 40

Barry Ritholtz

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He co-chairs a number of the asset management investment committees. I thought this was an absolutely fascinating way to see the world of investment management. Investment banks were not really a known concept in the area where I grew up.

Investments 119

Investments Banking Advertising Numbers 119

PYMNTS

SEPTEMBER 5, 2018

According to The Economic Times , Udaan hit the $1 billion valuation mark after 26 months. The incoming investment would follow last February’s $50 million investment, which was placed by Lightspeed and Apoletto Asia, according to reports. Reports said a $225 million fund raise would increase its valuation fivefold.

B2B 40

B2B eCommerce Valuation B2C 40

PYMNTS

JUNE 24, 2020

s classified advertising business, private equity companies seeking to win the auction could arrange for as much as $2.6 It has valuation exceeding 20 times earnings before interest, tax, depreciation and amortization (EBITDA). With the last bids due in early July for eBay Inc.’s billion worth of debt to finance the transaction.

Advertising 56

Advertising Valuation eCommerce Finance 56

PYMNTS

AUGUST 23, 2018

“We still think that AMZN is the best long-term growth investment available to investors today,” Sanderson wrote, according to CNBC. Earlier this month, Piper Jaffray predicted that in three years’ time, advertising will bring in more revenue for Amazon. Earlier in August, Apple became the first U.S.

Marketing 40

Marketing Advertising Valuation Retail 40

PYMNTS

MARCH 25, 2019

In the fall Reuters reported Yunji was preparing to go public via an initial public offering (IPO), aiming to raise $1 billion at a valuation of between $7 billion and $10 billion. billion via a listing on the Nasdaq, makes the majority of its money from advertising fees levied on merchants, noted the reports. Yunji ended 2018 with 23.2

eCommerce 46

eCommerce Advertising Valuation Startups 46

PYMNTS

OCTOBER 29, 2018

The Good Thinking Society has reported the company to the country’s Advertising Standards Authority (ASA) and the National Trading Standards, CNBC reported. All in, that fresh investment brought the company’s total funds raised to around $82 million at the time — meaning its total valuation was in the neighborhood of $250 million.

Nonprofit 46

Nonprofit Advertising Valuation Investments 46

Future CFO

NOVEMBER 5, 2023

These issues include a broader correction in valuations compared to the highs of 2021, uncertainty surrounding the profitability pathways of some companies and a challenging capital market environment which makes potential exits more difficult to achieve. Online Media’s GMV grows to $26 billion, increasing 10% YoY.

Transportation 52

Transportation Advertising Valuation Investments 52

CFO Share

MARCH 27, 2024

Return on Investment Definition (ROI) ROI measures the bang for your buck. It helps small businesses by answering a simple question: for every dollar you invest in your business, how much profit do you get back? A law firm investing in bitcoin may generate an ROI, but likely does not align with the company’s mission or strategy.

Prioritization 52

Prioritization Investments Advertising Valuation 52

PYMNTS

AUGUST 29, 2018

If it were to hit the $2,500 price target, it would result in a market valuation of $1.2 We have increasing confidence that Amazon’s rapidly growing, increasingly large, high margin revenue streams (advertising, AWS , subscriptions) will drive higher profitability and continued upward estimate revisions,” said Nowak. trillion. “We

Advertising 40

Advertising Valuation eCommerce Forecasting 40

PYMNTS

APRIL 2, 2018

All in, that fresh investment brings the company’s total funds raised to around $82 million — meaning its total valuation is in the neighborhood of $250 million. The website has just snatched up $50 million in Series C venture funding from NEA, Lightspeed Venture Partners and Felix Capital, according to news from Fortune.

Advertising 43

Advertising Valuation Investments Planning 43

PYMNTS

NOVEMBER 19, 2019

The company received a valuation of $1.7 billion in December of 2017 after General Atlantic invested $200 million in the company. Other firms, including Accel and Index Ventures, have also invested. Squarespace ’s advertising strategies vary from podcasts to the Super Bowl.

Advertising 40

Advertising Valuation Investments Banking 40

PYMNTS

SEPTEMBER 29, 2017

Naspers had previously invested in the company when it went public earlier in 2017 and, with the additional 22.4 Naspers had previously invested in the company when it went public earlier in 2017 and, with the additional 22.4 million shares, worth approximately $775 million USD, Naspers now claims 26.3

Advertising 41

Advertising Valuation Investments Marketing 41