Snap

'These companies must be reined in, or the worst is yet to come'

The market has little tolerance for disappointment right now.

SINGAPORE (Oct 14): Investors on Wall Street are clearly losing appetite for overhyped loss-making technology companies with uncertain business models and unclear paths to profitability. The disaster surrounding WeWork’s planned and now-aborted IPO is t

SINGAPORE (Sept 30): This year was supposed to be the year for tech unicorns. Instead, many are getting unexpectedly strong pushback in the public market — best epitomised by the rapid unravelling of the hype and euphoria surrounding WeWork in the run-u

SINGAPORE (Apr 22): Uber Technologies’ coming IPO is a moment to reflect on the oodles of investment cash that have resulted in a herd of “unicorns”, the awful but convenient shorthand for tech companies that reach valuations of at least US$1 billio

SINGAPORE (Apr 13): Spotify is only the latest in a growing list of internet-related companies that have come to market offering investors the promise of fast growth and eventual profitability, but limited voting rights.

(June 27): Australian supermodel Miranda Kerr has surrendered US$8.1 million ($11.2 million) worth of jewellery to the US Justice Department, reported Dow Jones.