Snapchat’s IPO sets a dangerous precedent for tech companies seeking capital on the public market. As multi-class voting structures become the new norm in Silicon Valley, institutional investors are revolting.
After seven years of a consistent flow of new regulations, the trading world is not looking for more regulatory change, but a review of what is working and relief from what has gone too far — basically, a smarter approach.
Even the most inobservant investors can spot the arrival of the Chinese New Year by the ubiquitous column in every financial journal declaring that “20XX Belongs to China” and telling you that you need to add exposure to the world’s “largest untapped market.”
Distilled spirits have been showing steady growth, practically in the past seven years, and according to the Distilled Spirits Council, supplier sales for spirits increased 4.5% to $25.2 billion, with volumes up 2.4% to 220 million cases in 2016.
Those operating in the financial services space have long had problems with the Consumer Financial Protection Bureau (CFPB), a creation of the flawed 2010 Dodd-Frank financial overhaul bill and the brainchild of financial sector foe Sen. Elizabeth Warren (D-Mass).