Best Of The Web
“Ride hailing is going public. According to Reuters, both Uber and Lyft are on course for an initial public offering this year. Lyft will probably debut later this month. Uber is readying the paperwork and the Wall Street roadshow that will likely end with it going public in April. Investors are all aflutter.
But what’s the point of an initial public offering in the first place? The answer to that is not as clear as you might assume.
An initial public offering (or IPO) is when a company first sells its shares for purchase on public stock exchanges. After an IPO, the company is tradable on the stock markets. Before an IPO, the only investors a company gets money from are private investors. Between Uber, Lyft, and a number of other tech companies, Wall Street observers think 2019 could be a banner year for IPOs, raising a whopping $200 billion in total.”
JJ Editor's Picks
"Tired of the presidential election? Ready to scream if you hear another word from Marianne Williamson? So beaten down that the sight of 10 candidates on another debate stage might send you to counseling? Just another reason to flee across the..."
"It’s already been widely noted that the New York Times buried breaking news about Supreme Court Justice Brett Kavanaugh’s alleged tendency, as a college student, to touch people with his penis when intoxicated. On Sunday, when the Times ran a..."
"Ask Americans about what they think is the biggest problem with their diets and you'll probably hear a variety of responses... "Too many calories." There's certainly a strong case for this. Americans consume an estimated 3,800 calories per day..."
"Ialways said I'd never get married and absolutely would never have children. Lots of people say that as kids, of course, but I graduated college having never gone on a single date, and as 30 approached, I detected no ticking of any biological..."
"Jennifer Morton was born in Lima, Peru, raised in a household that she considers “somewhere between working class and middle class,” and—thanks in part to the generosity of some extended-family members—went to a premier private school. Her..."
"A few years ago, I was given a Muppet Show Season 1 DVD. My expectations—or, rather, recollections, since I first met the Muppets back in 1977—was that I’d see a puppet-based variety show that had aged well in some ways and poorly in others. As..."
"If we get a rerun of the previous round, someone will have to break their promise and sit in a government with someone they vowed to eschew, otherwise the country will be dragged into a third election and it just won't be funny anymore..."
"Virtual reality management training is the latest development in the modern history of feeling better about capitalism. Barry exists to be fired. Over and over again, Barry pops into simulated existence with one purpose: Teach management...