Uber’s COO and Chief Marketing Officer to Step Down: Report

Uber’s (UBER) Chief Operating Officer Barney Harford and Chief Marketing Officer Rebecca Messina are stepping down, according to a broadcast report Friday. CEO Dara Khosrowshahi made the announcement in an email to employees, saying that Harford will stay on with the company until July 1, CNBC reported. “I now have the ability to be even more involved in the day-to-day operations of our biggest businesses, the core platform of Rides and Eats, and have decided they should report directly to me,” he wrote. “Given this, Barney and I have agreed that…

Revolve Group Takes Off in Trading Debut

Revolve Group (RVLV) soared nearly 82% to $32.81 on the e-commerce retailer’s first day of trading Friday. The first trade on Friday for Revolve was at $25.16, 40% above its $18 initial public offering price.  The company, which bills itself as “the next-generation fashion retailer for millennial consumers,” raised $52.2 million through the sale of 2.9 million shares. The IPO was priced at the top of the expected range of $16 to $18 a share. In 2018, the company reported $498.7 million in net sales and $36 million in net income. Revolve Group had…

Zoom Takes Off on Nasdaq Debut at $65 a Share, 81% Above Offer Price

Zoom Video Communications (ZM lived up to its name Thursday with an opening price of $65 a share, 81% higher than its initial offering price. Shares surged nearly 80% to $64.75.  That opening price put the company’s valuation at about $16.6 billion, well above earlier projections of $9 billion. In a sign of the strong demand for the offering, Zoom raised its pricing range earlier this week to $33 to $35 per share, before pricing at $36 on Wednesday after the close. The San Jose-based company provides videoconferencing tools. Shares were recently changing…