Maureen Farrell, Reporter at The Wall Street Journal, discusses Spotify's non-traditional approach to going public. The company will do a direct listing where three major banks will split a mere $30 million.
Farrell talks about the pros and cons of filing this way. Even though banks lose money with a filing like this, it gives more transparency to employees and investors when buying and selling shares of the company. Farrell also talks about the unprecedented nature of such a filing, noting that there are concerns about whether the direct listing will go smoothly. If the listing goes well, will other tech companies follow suit?
St. Paul Mayor Melvin Carter joked in a tweet on Saturday that there would be no fine. The library, like many across the country, stopped charging late fees in 2019.
This image released by Lionsgate shows Rachel Zegler, center, in a scene from "The Hunger Games: The Ballad of Songbirds and Snakes." (Lionsgate via AP)
