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What is Coinbase, the first major cryptocurrency company to go public?
Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:
What is Coinbase and why is it such a big deal that it's going public?
Now, Coinbase runs the US's largest cryptocurrency exchange and holds tens of billions of dollars' worth of bitcoins. When it went public on Wednesday, it was the first major cryptocurrency company to do so.
Are there any privacy issues you see looming around cryptocurrency and digital assets in general?
And I would say trust is a big question with cryptocurrencies and the question that goes beyond matters of privacy protection. Some customers of Coinbase, for example, reported losing their assets through account takeover attacks and were very disappointed with the lack of support the company offered. Digital currency transactions that are impossible to reverse or to be traced to a person, make them an attractive asset to steal. And the security rules that we know for banks do not yet apply equally to digital currency exchanges. And that has clearly had its pluses for some users, but steep downsides for those who lose their savings in the blink of an eye.
Ant's mammoth IPO set to be windfall for Hong Kong market
Summer may be over but the financial world is sizzling with a historic debut on Thursday of ground-breaking proportions.
Why SPAC IPOs are getting so big and popular
Betty Liu, Executive Vice Chairman for NYSE Group, explains:
Why have SPACs been so popular recently?
Well, that's because companies are embracing newer ways to tap the public markets outside of the traditional IPO. You've heard me talk about direct listings, for instance. And now SPACs are having a very big year, this year. In fact, nearly a third of all US IPO proceeds raised have been raised through SPACs in the first half of 2020.
What is the biggest SPAC IPO ever?
So, implicit in that question is that these IPOs are getting bigger. In fact, we saw the biggest ever, last week, list. That was the Pershing Square Tontine Holdings SPAC, raising four billion dollars. Before that, we had the Churchill Capital Corp. SPAC, and that raised a billion dollars.
Indonesia stock exchange keen to see local listing of the country's unicorns
JAKARTA - Indonesia, which has the highest number of unicorns in South-east Asia, is keen to have these start-ups listed on the country's stock exchange, and hopes to see millennials come in as investors of the companies whose apps they use daily, a top bourse official has said.
Why more companies are going public now
Betty Liu, Executive Vice Chairman for NYSE Group, provides her perspective:
Over the past few weeks, more companies have been going public. Why is that?
Well, as you might recall, back in March, when we first saw the pandemic erupt, the markets were extremely volatile. And in fact, we triggered the market wide circuit breakers a total of four times between March 9th to 18th. At that time, you had some companies tap the capital markets to raise funds for short term funding needs, but there weren't a lot of IPOs. Now the markets are a little bit more calm, so to speak, and that means that the IPO window is opening. You've seen companies like Albertson's, Dun & Bradstreet and Lemonade go public in just the last few weeks.
What is the IPO window?
So, some analysts refer to this as the open window when private companies can tap the capital markets and go public. So, this window is usually at a time when the market conditions are more conducive to a company raising funds and going public. And that is exactly what is happening right now.
Why did Uber's IPO flop?
Is WhatsApp safe?
WhatsApp had a crazy hack! Hackers were able to get on your phone just by calling it. That's been patched but it's a reminder nothing is ever completely safe in 2019.
Why didn't Uber's IPO perform as promised?
Because they're losing tons of money. Because Lyft didn't do that well. Because their expansion into international markets, where they planned to go, has been harder than expected. Tough times at Uber.
Will cutting Huawei off from American technology hurt?
Trick question! Will it hurt Huawei? Yes, definitely. Will it hurt the American companiesthat supply Huawei? Yes definitely. Will it hurt consumers everywhere? Probably. Unless it changes the dynamics of the U.S. - China trade relationship in such a way that helps everybody, which is possible.
Should more cities ban facial recognition technology?
There's a tradeoff between privacy and safety. San Francisco just blocked facial recognition technology to help privacy but I think most cities are going to care more about their police departments being maximally effective and will choose safety.
Investors take a deep sip of China's Luckin Coffee
The Beijing-based company, which started a year ago, has grown at breakneck speed.