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jaweb

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"Some on Wall Street are puzzled as to why Spotify would want to go public without raising money"

I'm not sure it's that puzzling - they wanted liquidity, but don't need any more cash so don't want to dilute the existing equity.

Also worth noting a stat lower down the article that's a different point of view to the "down 10%" of the headline:

'$132 was used as a “reference point,” valuing the company at $23.5 billion. Since there was no IPO price, that demarcation is being used to say that Spotify traded up about 13% on its first day.'

Credit to them for doing something non-typical that fits what they needed. It seems like it's gone according to plan so far.

It's interesting how high profile this post-crash analysis is - name another time you read so much commentary about the details that caused a car crash?

It seems to me that this is exposing a few gaps in how we think about driverless cars currently:

  - A framework for how cars should be making "moral" decisions (the trolley problem [0])
  - A defined process for post car crash investigations - akin to the process in air crashes
Will be interesting to see if these emerge soon (or are emerging and I have missed)

[0] https://qz.com/1204395/self-driving-cars-trolley-problem-phi...