An analysis of Reddit's IPO pricing with a discussion on the unpredictability of markets and the positive influence of retail participation. The chapter includes insights on Redditors acquiring shares, a promotion for EY's risk consulting services, and a brief ad for the Visibility Gap podcast.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Senior Antitrust Litigation Analyst Jennifer Rie reports on the US Justice Department suing Apple accusing the iPhone maker of violating antitrust laws by blocking rivals from accessing hardware and software features on its popular devices. Bloomberg News US Deals Reporter Ryan Gould and Bloomberg News Senior Executive Editor for Global Technology Tom Giles share their thoughts on Reddit shares jumping over their initial public offering price after the social media company and its shareholders raised $748 million priced at the top of a marketed range. Jill Castilla, CEO at Citizens Bank of Edmond, talks about the business of digital banking. And we Drive to the Close with Cheryl Smith, Portfolio Manager at Trillium Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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