Feeds

Carry on Falling – Lastminute shares

Private investors take stock

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

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

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.