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.
Stocks fall for a second day on Wall Street due to weak job data and recession fears. The VIX surges over 60, showing high anxiety and a potential rebound.
A new CEO takes over the embattled planemaker. Plus: Elon picks a fight, the Fed might finally cut rates and Microsoft makes a lot of money but not enough.
