carry on then posted:

it's also lol in that it's a feature google will never, ever add to chrome

lancemantis posted:

President Beep posted:

where am i at on the list?? when is it gonna be my turn?!?!

quote:

The Swedish company on Wednesday spelled out how exactly it would execute its so-called direct listing, and it amounts to a gamble that mom-and-pop investors will understand and appreciate their music business.

But the company made a number of disclosures acknowledging the risk it’s accepting by selling shares directly to the public.

There are no bankers that will underwrite the listing, meaning no one is trying to make a market for shares. There are no institutional investors who will get first dibs at their shares who could prop up Spotify’s value. And a lot of the rules that are meant to keep a stock from soaring or crashing are out the window.

In short: Expect a wild first day of trading as people try to figure out whether they should buy or sell Spotify, or SPOT, all on their own. Shares in 2017 swung from as low as $37.50 to as high as $125.00.

“The public price of our ordinary shares may be more volatile than in an underwritten initial public offering and could, upon listing on the NYSE, decline significantly and rapidly,” Spotify says in its filing with the SEC as one of its “risk factors,” or the dire-sounding warnings that the company is required to list.

Here’s what that means:

• There is no pomp and circumstance of the “roadshow,” during which big institutions get a chance to kick the tires on the company and decide if it makes sense to buy or sell shares. The company only promises an “investor day” — with a presentation to be posted online for others — as part of an attempt to educate possible buyers on the business.
  
• There is no opening share price in advance of trading. Morgan Stanley is advising the company on what Spotify calls a “novel” transaction, but underwriters are not purchasing shares early and structuring the first-day trading with their pricing.
  
• There is virtually no “lock-up” that prevents company insiders from selling shares for a certain amount of time in order to keep the price stable. The only Spotify owner who must hold shares — for three years from the date of listing — is Tencent and its affiliate.
  

Other startups are watching closely. If Spotify, last valued at more than $20 billion in private secondary transactions, falls sharply below that valuation, it probably won’t look like such a helpful roadmap to follow.

fishmech posted:

sure is weird how the supposed worst candidate ever was able to easily beat the supposed people's hero, maple grandpa, who had a platform 99.9% identical to hers.

Stymie posted:

i don't think you're giving the dnc enough credit for how hard they worked to collude and then fail to conceal their collusion

lancemantis posted:

my bitter bi rival posted:

stymie vs fishmech who ya got folks :munch":

Stymie posted:

personally i'd love to have seen hilary win just to see the tortured mental gymnastics required by liberals to justify going to war in syria and north korea simultaneously

H.P. Hovercraft posted:

lmao millennials aren't having children at all because they're all being enslaved by boomers

my bitter bi rival posted:

stymie vs fishmech who ya got folks :munch":

Stymie posted:

who said i supported bernie?

i just acknowledge that hilary is a bloodthirsty tool of capitalism and colluded with the dnc to secure the nomination and so it was always hilary who was going to lose to trump, bernie doesn't enter the equation

i know it's a favorite tactic of hilary deadenders to focus on bernie but he always was a distraction

Proteus Jones posted:

SHUT
THE
gently caress
UP

Both of you. Go to a DnD thread or take it to IMs.

I mean, god drat.

Proteus Jones posted:

SHUT
THE
gently caress
UP

Both of you. Go to a DnD thread or take it to IMs.

I mean, god drat.

FMguru posted:

no see unlike very other time this topic comes up this time we are finally going to resolve the debate about the 2016 primary once and for all right here in the your operating system is a piece of poo poo funy computar subforum

Elder Postsman posted:

i enjoy fishmech and stymie posting, and to see them both on the same page is just delightful

Stymie posted:

once again fishmech is right for the wrong reasons, the primary was decided for hilary before there was another candidate (doesn't matter who) that gained some momentum and their preexisting agreements ensured her nomination

bernie didn't lose to trump, hilary lost to trump and will lose to trump again in 2020, don't lose sight of that fact

though to be fair, hilary would have lost to whoever the republican nominee turned out to be, it just happened to be the raw unfettered id of the right wing, rather than hilary's more nuanced ego

Dixie Cretin Seaman posted:

fun fact: as late as 2012 Hillary Clinton polled at >60% favorability nationally. Bernie Sanders' favorability is currently at an all-time high of 57%

qirex posted:

sounds like the spotify ipo is going to be some

Elder Postsman posted:

i enjoy fishmech and stymie posting, and to see them both on the same page is just delightful

Sagebrush posted:

i'm lmao'ing at the idea of spotify going the netflix route

"we don't have that popular artist you searched for, but try this Spotify Original band instead! we think you'll rate them five stars!"

Sagebrush posted:

i'm lmao'ing at the idea of spotify going the netflix route

"we don't have that popular artist you searched for, but try this Spotify Original band instead! we think you'll rate them five stars!"

Caganer posted:

much like netflix is moving towards being nothing but comedy specials acquired on the cheap, spotify will soon mostly be weird vaporwave music made entirely of console noises from the aughts