The IPO boom isn’t lifting all boats. Shares of mobile e-commerce firm Wish started trading on Wednesday, only to fall 13% from its IPO price of $24 early on. The dip shows that investors are picking and choosing, regardless of recent performance. Last week Airbnb and DoorDash, two of the best known tech names, went public amid intense investor demand. Shares of both soared from their IPO...
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What the Chappelle Drama Says About the Difference Between Netflix and Facebook
If news media coverage is anything to go by, the biggest drama on Netflix right now isn’t “Squid Game” but the internal company battle over Dave Chappelle’s comedy special. And what’s striking is how differently Netflix management has handled this free speech issue from how other tech executives—such as Facebook CEO Mark Zuckerberg—have handled similar content debates. (Tip of the hat to my...
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