Airbnb stock soared 113% above its IPO price in the company’s public markets debut Thursday, a blockbuster start that reflected surging demand for stocks and optimism over Airbnb’s long-term prospects, but also raised questions about whether the market had given way to a frenzy. The shares closed their first day of trading at $144.71, implying a valuation of around $100 billion, an astounding...
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Will Apple Kill the Free Podcast?: The Information’s Tech Briefing
The podcasting industry as we know it is about to change. Plans by Apple to launch a subscription service for podcasts, as The Information reported today, portends a shift to a much more balkanized podcasting world. Instead of shows being broadly available for free on a variety of outlets, in the future podcasts will be attached exclusively for a price to specific outlets. It’s not only...
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