Snap, Blue Apron, Stitch Fix, and Roku all have one thing in common...2017 was the year they went public. Ross Barrett, Founder of the Prime Unicorn Index, and Max Cherney, MarketWatch Tech Reporter, join Cheddar to discuss the good, the bad, and the ugly IPOs of 2017.
Due to the tight supply of tech IPOs in 2017, companies like Snap and Roku popped as soon as they went public. Snap, though, seemed to go downhill rather quickly after debuting at the NYSE, pressured by continuing losses and disappointing growth. Roku meanwhile reported positive earnings before going public and is now up since its IPO.
As for 2018: Cherney says many people are expecting it to be a banner year for IPOs. However, some say the hype is overdone. With that being said, there are a lot of unicorns that could go public this year: WeWork, Airbnb, Spotify, and more.
Cynthia Chen, CEO of Kikoff, shares how their membership app helps users build credit with zero fees, no interest, and smart tools that make every point count.
OpenAI has announced that ChatGPT will soon engage in "erotica for verified adults." CEO Sam Altman says the company aims to allow more user freedom for adults while setting limits for teens. OpenAI isn't the first to explore sexualized AI, but previous attempts have faced legal and societal challenges. Altman believes OpenAI isn't the "moral police" and wants to differentiate content similar to how Hollywood differentiates R-rated movies. This move could help OpenAI, which is losing money, turn a profit. However, experts express concerns about the impact on real-world relationships and the potential for misuse.
CNN is launching a new “All Access” streaming subscription in the U.S. on October 28th, priced at $6.99 a month, or just $69.99 if you sign up for a full year.
