Tesla and Spotify say public markets have major flaws. Do they have a point?
According to two prominent executives this week, the stock market isn’t all that it’s cracked up to be. Initial public offerings are broken, according to Spotify CFO Barry McCarthy (paywall). Tesla CEO Elon Musk says stock investors are too focused on the short-term, and his threat to take the company private sent traders, bankers, fans, and government watchdogs into a tizzy.
Writer John Detrixhe spoke with partner Stephen Miles for his perspective on the developing story.
Find the entire article at Quartz.