You wouldn’t know that there is a growing public backlash to the power of Silicon Valley founders at companies like Facebook if you looked at the newest to-be-public company: Lyft. Lyft’s 250-page IPO filing with the SEC on Friday, March 1, revealed a company going to extreme lengths to empower its founders and insulate them
Month: March 2019
Snap investors, avert your eyes! It’s been exactly two years since Snap completed its very successful IPO. Snap had figured out how to reach the young people that Facebook was no longer capturing; investors hoped Snapchat would give Facebook and its stable of apps like Instagram and Messenger some legitimate competition. Unfortunately for Snap, that
A private survey on China’s manufacturing sector showed Friday that factory activity shrank for a third straight month in February. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in 49.9 for February. Economists polled by Reuters had expected the Caixin PMI reading to edge up to 48.5 in February from January’s 48.3. A reading below