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.

Share:
More In Business
Starbucks’ Change Flushes Out a Debate Over Public Restroom Access
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
Trump Highlights Partnership Investing $500 Billion in AI
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Load More