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?
The National Retail Federation reports Americans are expected to spend $20.1 billion on Father’s Day gifts this year. Yes, funny cards are still accepted.
Simpson’s gridiron legacy was forever overshadowed by the 1994 knife slayings of Nicole Brown Simpson and her friend Ronald Goldman. A criminal court jury found him not guilty of murder, but a separate civil trial jury found him liable.
Hollywood closed out an up and down 2023 with “Wonka” regaining No. 1 at the box office, strong sales for “The Color Purple” and an overall $9 billion in ticket sales that improved on 2022’s grosses but fell about $2 billion shy of pre-pandemic norms.
