The Academy Awards are recognized as the biggest night in Hollywood. An opportunity to see all your favorite celebrities come together to celebrate the greatest films and actors of the year. But with viewership at an all-time low, down nearly 60% from 2020, it fell dramatically short this year. Which begs the question, why weren’t people interested to tune in to see who wins the most coveted award in the industry?
IPO, in financial jargon, is an abbreviation for “Initial Public Offering”. This is where a private company offers shares to the public market to raise capital and become traded on a stock exchange. Over the years, private companies come and go. Those that are most successful, often become publicly traded to attract more capital and to continue growing their business. Going public may come with its downsides – reporting profits to shareholders and maximizing shareholder return, sometimes at the cost of employees, or social standards. While IPOs are an exciting time for investors to gain access to often growing companies, there’s a less commonly known meaning for IPO that those in finance sometimes joke about – IPO could also stand for, “It’s Probably Overpriced”.
Springtime means warm weather, earlier sunrises, later sunsets, happier moods, and of course… The Masters! One of golf’s greatest tournaments kicks off for a weekend of excitement with Jim Nantz’s warm welcome of “Hello, Friends”. Those interested in golf are usually glued to their televisions all weekend. Because of the pandemic and shut down of the PGA season last year, it’s been two years since the last springtime Masters tournament. Dustin Johnson won in the delayed November edition this past year and yesterday, Hideki Matsuyama donned the green jacket, making history as the first male Japanese player to win a Major Golf tournament.
Thought the hedge fund mentions were in the rear-view mirror? Not so fast… Hedge funds have repeatedly found themselves under the microscope as of late, between the Gamestop saga to the more recent meltdown of Archegos Capital Management.
If you haven’t heard about NFTs yet, you surely will soon. It might be your kids asking you for money to buy “digital playing cards” like NBA Top Shots, or your favorite band/singer’s new album is auctioning off their songs. Recently, a piece of this form of “Digital Art” that anyone can view from their computer fetched $69 million at a Christie’s auction. Wait… What!? And no, that is not a typo.