| |
| |
|
Hi there,
Happy Monday! Here's what we're watching in business and tech news this week:
- Voters in 14 states will head to the polls on Super Tuesday. Front-runner Bernie Sanders riled up some tech workers over the weekend with a proposal that would tax startup equity options at vest, instead of at exercise, prompting DCVC’s Matthew Ocko to compare Sanders’ policies to the “convulsive Hard Socialism of Chavez.” The plan would affect employees making more than $130K and vesting more than $100K in options a year.
- Teleconferencing startup Zoom Video Communications reports earnings on Wednesday. Its stock has rallied by 38% in the past month, as investors bet on the rise in remote work amid coronavirus fears. Other upcoming earnings include HP, Target, Nordstrom, and Kroger.
- The US Labor Department releases the February jobs report on Friday. Employers are forecasted to have added 175,000 jobs in February, down from 225,000 in January. The unemployment rate is expected to have dropped to a 50-year low of 3.5%, compared to 3.6% in January, signifying a still-robust labor market, according to the Wall Street Journal.
-
In other markets news, look for pressure to mount this week on Airbnb to make its IPO plans clear. While the $35B home-sharing co had planned to go public by the end of 2020, media reports citing anonymous insiders indicate coronavirus and market turmoil could lead to a delay of months or even years. Below are some of Airbnb's investors that could be affected by an IPO delay.
|
| |
|
|
|
