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.
Citigroup’s Global Chief Economist, Nathan Sheets, breaks down the Fed’s decision to hold rates, Trump’s reaction, and the likelihood of a cut this fall.
Tony Edward discusses Ethereum’s rise, governance of corporate crypto treasuries, the newly signed GENIUS Act, and the pending CLARITY Market Structure Act.
The Ether Machine, led by CEO David Merin, announces a $1.5B SPAC IPO. The firm holds 400K ETH, making it the largest Ethereum treasury holder globally.
