Pinterest, the social bookmarking platform, on Friday filed for an IPO that should result in its shares being traded next month on the New York Stock Exchange.
Big picture: Pinterest is one of several 2019 IPO hopefuls that have remained private longer than have past generations of tech startups, thanks largely to a ready flow of investor capital. The San Francisco-based company was founded over a decade ago, and has raised nearly $1.5 billion (most recently at a $12.3 billion valuation).
Barring a last-minute deal, millions of DirecTV customers will lose access to roughly two dozen Viacom channels like Nickelodeon, Comedy Central and VH1 at midnight Friday night because of a distribution dispute between DirecTV's parent company AT&T and Viacom.
Brazil's last 3 presidents have not fared well legally, but its market has managed to remain stable.
Why it matters: The country's stock market has largely shaken off political turmoil as investors continue to believe in a widely unpopular pension reform current President Jair Bolsonaro has backed in an effort to repair Brazil's highly overleveraged and underfunded budget.
The former senior vice president of Rubert Murdoch’s News Corp., Joseph Azam, revealed to NPR on Thursday why he felt compelled to exit the company in 2017, saying he left due to the method by which Fox News covered Muslims, immigration, and race.
The big picture: Fox News has been facing a barrage of criticism in recent days over its handling of Muslim issues in particular. A news producer said she quit Sky News Australia — a cousin company of Fox News — last weekend because of its coverage of Muslims following the fatal shooting at 2 Christchurch, New Zealand mosques. New Zealand also pulled Sky News Australia from the air over its coverage of the massacre as well. This comes days after Fox News had to rebuke one of its star anchors, Jeanine Pirro, for her suggestion that Rep. Ilhan Omar (D-N.Y.) followed Sharia law just because she wore a hijab.
