Dropbox set terms for its IPO which is expected to debut sometime next week on the Nasdaq. The file sharing company plans to sell 36 million Class A shares at $16 to $18 a piece. That sets the company's valuation as high as $8 billion, which is significantly lower than Dropbox's 2014 private valuation of $10 billion. Shares are expected to start trading sometime next week on the Nasdaq under the ticker symbol DBX.
Elon Musk surprised fans by showing up at a South by Southwest panel for HBO's "Westworld" to talk about space travel. He set a new timeline for his mission to send test flights to Mars, saying this could happen as soon as the first half of next year. However, Musk did acknowledge his propensity for setting unrealistic timelines for his projects. In addition to talking about SpaceX, Musk also spoke about his other companies, Tesla and The Boring Company.
Michael Harriot from The Root joins us to talk about the high stakes in the Pennsylvania special election. Democrat Conor Lamb faces Republican Rick Saccone in a battle to represent the state's 18th district, a traditionally conservative district. However, polls show it's a close race between the two candidates. Harriot says the unpopularity of President Trump is giving Democrat Conor Lamb an advantage. He also says this race is very important as it could have huge implications for the midterm elections later this year.
And we catch up with Joseph Lubin, co-founder of Ethereum, at South by Southwest to talk about the future of cryptocurrency. He compares the rise in popularity of cryptocurrency to the dot-com boom in the late 90s, saying that this is a learning period for those in the industry. With regard to the recent volatility in the price of bitcoin, Lubin says he's not too concerned and is instead focused on long-term growth.
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Jeff Benedict, author of 'The Dynasty,' weighs in on the Kansas City Chiefs being the next big dynasty, who he thinks will win Super Bowl LIX and more. Watch!
Susan Bourgeois, Louisiana Economic Development Secretary, talks preparations for Super Bowl LIX, plus Meta’s $10B data center coming soon to North Louisiana.
