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.

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Small grocers and convenience stores feel an impact as customers go without SNAP benefits
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
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