Cybersecurity startup Tanium, valued at over $9 billion, exercised a clause that allowed it to buy its own shares from former employees whether they wanted to sell or not
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The CEO of $9 billion Tanium says the cybersecurity startup is on track to book $600 million in revenue this year (IBM, GOOG, CRM)
Summary List Placement The CEO of $9 billion cybersecurity startup Tanium said during a break in...Summary List Placement The CEO of $9 billion cybersecurity startup Tanium said during a break in his online conference Monday that the behemoth startup is on track to hit a major revenue milestone. Orion Hindawi, co-founder and CEO, Tanium, told Business Insider in an interview that "we'll make $600 million this year," referring to the company's fiscal year, which ends in January. Tanium, one...
The secretive data analytics firm Palantir is preparing to file an S-1 ahead of a potential...The secretive data analytics firm Palantir is preparing to file an S-1 ahead of a potential September IPO, Business Insider has learned. The company is working with banks to prepare a tender offer to clean up its cap table, according to Bloomberg. Earlier this week, Palantir lowered the strike price for employees to buy their options in the company, sources told Business Insider. Palantir...
Buybacks have long been the stock market's biggest source of buying power — but they're quickly fading and won't come back for years, a new report says
Corporate stock buybacks — the biggest driver of equity demand — are fading and may not...Corporate stock buybacks — the biggest driver of equity demand — are fading and may not return for several years, analysts at Sanford Bernstein said on Monday. The repurchase programs face threats from weakened revenue streams, restrictions tied to government loans, and cash protection amid the coronavirus outbreak's economic turmoil. A debate about whether buybacks are "socially unacceptable" could place a more permanent drag...