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?
A jury awarded more than $1.2 million to Robert De Niro’s former personal assistant Thursday, finding one of his companies responsible for subjecting her to a toxic work environment.
You might recognize the Wollman Rink in Central Park from its appearances in famous movies like Serendipity and Home Alone 2. And it's also a spot where New Yorkers and visitors flock for some time out on the ice. Andrew Perry, director of operations of Wollman Rink NYC, spoke with Cheddar News about the rink's history, its operations and what to expect when visiting.
The contract agreement reached Wednesday must still be approved by the union's board and its members, but the leadership said actors will be allowed to return to work starting Thursday.
