Maureen Farrell, reporter at The Wall Street Journal, and Emily Bary, reporter at MarketWatch, discuss the details of Spotify's public offering. Instead of going the traditional IPO route, the streaming giant will instead do a direct listing on the New York Stock Exchange.
We discuss the benefits of this type of filing as well as the risks associated with it. Bary and Farrell talk about how Spotify stands out from its competitors in the music streaming business. If Uber and Airbnb ever go public, they will reportedly pursue a direct listing, similar to Spotify.
The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates.
The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, culminating a days-long power struggle that shocked the tech industry and brought attention to the conflicts around how to safely build artificial intelligence.
New Jersey will prohibit the sale of new gasoline-powered vehicles by 2035 as part of an effort to improve air quality and reduce planet-warming pollutants, officials announced Tuesday.
The founder of Binance, the world’s largest cryptocurrency exchange, pleaded guilty Tuesday to a felony charge that he failed to take steps to prevent money laundering as the company agreed to pay more than $4 billion following an investigation by the U.S. government.
More than 100 handguns were stolen from a store in southwestern Michigan after the manager was held at gunpoint outside his home and forced to reveal how to turn off the alarm, authorities said Tuesday.
