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?
Los Angeles motorists should expect traffic snarls indefinitely as crews assess how much damage was caused by a raging fire that closed a major elevated interstate near downtown, officials said Sunday.
The MCU superhero factory hit a new low with the weekend launch of “The Marvels,” which opened with just $47 million, according to studio estimates Sunday.
Fans have pushed the Fisher-Price Corn Popper into the National Toy Hall of Fame, elevating it from perpetual finalist to 2023 inductee, alongside baseball cards, Cabbage Patch Kids and NERF foam toys, the Hall of Fame announced Friday.
During an interview with an elephant keeper in South Africa, the keeper was talking about the baby elephant he looks after whose name is Chavo, who immediately runs over to the keeper once he hears his name and starts playing with him.
Trained service dogs can help military veterans deal with mental health struggles. Cole Lyle, a veteran and founder of Kaya's K9s, joined Cheddar News to explain why service dogs are important for veterans and how he is helping to give veterans the resources for service dogs.
