Feeds

Carry on Falling – Lastminute shares

Private investors take stock

  • alert
  • submit to reddit

Build a business case: developing custom apps

Lastminute.com continued to plumb the depths of ever darker shades of red for its army of small investors today. By lunchtime, lastminute.com shares had hit 285p, down 35p on the morning. It is now some 95p lower than its offer price. Yesterday, small investors were looking at losses of some £40. Today, it's even more and anyone holding their measly 35 shares will have to consider whether to hang on tight or cut their losses. According to London local paper Metro, £94 million was wiped off the value of the company yesterday. The paper said co-founder Martha Lane-Fox has lost £1795 a minute since shares hit the hairy heights of more than 500p last week. Fox's fellow founder Brent Hoberman's losses worked out at about £2599 a minute. Still, Lane-Fox's and Hoberman's personal loss is nothing compared to US software billionaire Michael Saylor, who saw $6 billion wiped off the value of his personal fortune yesterday when shares in his company, MicroStrategy Inc, nose-dived. It's been described as the biggest worst losses in a single day. Ever. Hey-ho, such is life. ® Tune in and turn on to Cash Register, for more tales of the Bubble Economy

Boost IT visibility and business value

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.