Stitch Fix went public just over a year ago at an impressive $1.4 billion valuation. It's held on to that valuation to this day: The company is now worth about $1.5 billion. The problem, as far as the market is concerned, is how it got here from there.
The big picture: Stitch Fix had a relatively small IPO and found it quite hard to sell its vision of a data-first, ultra-personalized clothing store.
The new stock market volatility isn’t expected to discourage a parade of unicorn IPOs in early 2019.
Who’s coming: Uber and Lyft have already filed confidential paperwork, so they’re likely to price before the end of Q1. There also are widespread expectations about offerings from Airbnb, Peloton, Palantir and Slack.
Americans' predictions for the stock market this year are almost completely determined by party, with Democrats as pessimistic about the coming year's stock performance as Republicans are optimistic, according to an Axios/SurveyMonkey poll.
Between the lines: The two parties are almost exact mirror images of each other, with independents caught in the middle. It's a good reminder of how much people's political views can shape their expectations for their personal finances, not just politics.
