Why Tech IPOs Are Stalling After Snap and Blue Apron Tumble
This week, Inc. editors and writers discuss how Snap and Blue Apron are now worth less after their initial public offerings and how going public isn’t as enticing as it once was for Silicon Valley’s tech startups.
Going public used to be every tech startup's dream. But the number of tech IPOs stalled this year.
PHOTO CREDIT: Getty Images
This week, senior editor Maria Aspan talks about how the tech IPO is not as enticing for Silicon Valley startups as it used to be. The stock market as a whole has hit record highs this year, but multiple companies have delayed going public after Snap and Blue Apron, both of which went public this year, have seen their shares tumble below their IPO prices. (Snap lost about $8 billion in market valuation since March.)
Staff reporter Zo Henry talks about how many women entrepreneurs are running for Congress, and other political positions, in response to the election of President Trump. Henry says most of the entrepreneurs entering politics are running on pro-business and pro-tech platforms while others are campaigning for gender parity and pledge to help the pro-Trump working class communities.
Staff writer Will Yakowicz talks about how virtual currency bitcoin split this week. On Tuesday, Bitcoin Cash was created in hopes to solve bitcoin's scalability problem as transaction times lag for hours. Bitcoin can only process around seven transactions a minute, while Bitcoin Cash promises to be eight-times faster. Bitcoin has gained popularity, but still hasn't achieved mainstream success. Will Bitcoin Cash be able to bring the currency mainstream?