Spotify is finally going public

By

Spotify
The Spotify IPO is finally here.
Photo: Jim Merithew/Cult of Mac

Apple Music’s biggest competition is about to get an influx of Wall Street cash.

Spotify finally filed documents for an initial public offering, after rumors of going public had been floating around for years. According to reports, the company could be worth as much as much as $23 billion, but it’s still not profitable.

Snap Inc.’s IPO soars but will it ever make money?

By

Spectacles are no longer a U.S. exclusive.
Spectacles are no longer a U.S. exclusive.
Photo: Snap, Inc.

The photo sharing and messaging app Snapchat is a hit with kids, but on Thursday its parent company was fun for investors who made it the day’s most heavily traded stock on the New York Stock Exchange.

Snap Inc. made its debut with shares priced at $17, but high investor demand quickly raised it to $24, putting the tech company’s value at close to $33 billion, according to reports.