Depending on whom you ask, Square’s IPO earlier this week was either a sign of investment banking ineptitude or savvy. In dropping the price below the expected offering range, only to see the stock jump on the first day of trading, the banks behind the deal either misjudged demand or cleverly priced the offering to ensure a first day pop with its attendant good publicity.
Jessica made her opinions clear in a series of tweets earlier this week, while Howard Lindzon, the CEO and co-founder of stock commenting platform StockTwits, saw things differently. The two came onto the podcast to lay out their cases.
Also, Amir joined to discuss his deep look at two parking apps that offer nearly identical services but have a totally different business model. The two diverge on a basic point about the economics of on-demand services: be cautious about costs or spend big to get big.