Friday, November 20, 2020

Doordash; Airbnb; and Bumble filing S-1 form to go public. Is 2021 the year of stellar IPO's coming to Wall Street

A few days ago, Bumble filed the Form S-1 to complete their IPO filing announcement. The dating app.'s plan is to go public on NYSE, in first quarter 2021. Bumble had its initial release, in December 2014. It is an app. that is available to download on Android, and Apple iOS. The company was founded by Whitney Wolfe Herd. She founded the company, after she left Tinder. Tinder is a dating app. that she co-founded as well. Next, Bumble acts a location-based social application that facilitates communication between interested male and females. In Bumble app., the female gender is the one that makes the first move. Bumble is available in sixteen different languages (English; Chinese; Hindi; French; etc.), on a global scale. Bumble's has over 100 million users, since its inception. The company is valued at $4 billion. Austin, TX is the corporate headquarters of Bumble. In contrast, Doordash has become one of the fastest on-demand prepared food delivery service companies in the world. This company was founded by four Stanford students, and it is a technology company with headquarters in San Francisco, CA. Tony Xu, Stanley Tang, Andy Fang and Evan Moore founded the company in July 2013. Doordash is trying to go public in December 2020. The company is valued at an astonishing $16 billion, according to Crunchbase Inc. The company has an adjusted EBITDA positivity and improving gross margins. In addition, EBITDA is Earnings Before Interest; Taxes; Depreciation; and Amortization in full form. Doordash reported operating cash flow of $315 million during the first three quarters of 2020, acoording to TechCrunch. DoorDash’s path is to achieve GAAP profits, in the next 6 to 12 months. GAAP is generally accepted accounting principles in full form. Doordash will list its shares on the New York Stock Exchange, under the symbol DASH as reported by CNBC. DoorDash has around $1.6 billion in cash on hand, heading into the final six weeks of 2020. In this penultimate paragraph, Airbnb expects to list its shares on the Nasdaq market under the ticker symbol of ABNB. Their company's valuation is close to $30 billion. Morgan Stanley and Goldman Sachs are the two main underwriters on this IPO, listed in Airbnb's company prospectus. The company is a home-rental firm; with its headquarters in San Francisco, CA. The company was founded in 2008, by Brian Chesky and two other colleagues. The company has more than 6,000 employees; and Airbnb stands for AirBedandBreakfast. In closing, the company's online home rental listings are available in more than 50 languages. Airbnb acts as a broker, by receiving commissions from each real estate booking. The company does not own any of its real estate listings, and it does not host events. Their goal is to go public in December 2020, or January 2021 according to Kiplinger Inc. Last, all three of these companies will be a good stock purchase for any investor. Enjoy the IPO roadmap photo above. Happy stock picking!

Monday, November 9, 2020

Alex Trebek's demise brings many incredible memories to my mind. Trebek served as Canadian information man

Yesterday, Alex Trebek died of pancreatic cancer. He was 80 years old, and he was the host of Jeopardy! for 37 years. Today, Mike Richards paid tribute to Alex at Sony Pictures Studio in Culver City, CA. Mike Richards serves as the Executive Producer of Jeopardy! I saw Mike's tribute on TV, and it was quite moving. Jeopardy is filmed at Sony Pictures Studio. Next, the final 35 shows that Alex Trebek did will be shown on TV through December 2020. The audience of this story may wonder out loud, 'who could be the next host?' Here is a small list of candidates: 1. Laura Coates; 2. George Stephanopoulos; 3. Ken Jennings; 4. Betty White; and 5. Alex Faust. My pick to replace Alex would be Laura Coates. Laura is a CNN legal analyst, and she was considered to be a replacement host in July 2018 when Trebek's current contract would expire. The 40 year old Coates has a BA from Princeton University, and a JD from University of Minnesota Law School. She received her bachelor's degree at the School of Public and International Affairs, at the prestigious Ivy League institution. In contrast, Trebek had not picked a successor to replace him. He expressed no or minimal interest in doing this task. If Betty White were to be the next host, she would be close to 100 years old and one of the oldest game show hosts ever. Betty is 98 years young, at this time. In other news about Alex Trebek, he graduated from University of Ottawa in the Canadian nation's capital. Trebek's broadcasting career started in 1961, when he first appeared on CBC (Canadian Broadcasting Corporation). In addition, Alex Trebek is a guiness world record holder. In 2014, Guinness announced that Trebek held the world record for most episodes of a game show hosted by the same presenter, with 6,829 episodes at the time. Trebek wasn’t the original host of Jeopardy!, and the version he hosted wasn’t the original Jeopardy! Actually, it is a revival. Art Fleming hosted the original Jeopardy! for 11 years, before it was temporarily cancelled. Art served as the host from its debut in 1964 to 1975. In this penultimate paragraph, some more interesting facts about Alex will be mentioned. Trebek became a naturalized US citizen in 1998. Alex Trebek's first marriage ended after seven years in divorce, with Elaine Callei in 1981. In 1990, he wed for a second time to Jean Currivan. The two of them have two children, Emily and Matthew. In July 2020, Trebek released his memoir, 'The Answer Is...: Reflections on My Life.' In closing, Trebek will be dearly missed by the public on a global scale. The many memories that G. Ripley has of Alex, are mostly good ones. Trebek was a great host, and he delivered his hosting duties with a good sense of humor. Trebek has his own star, on Canada's Walk of Fame located in Toronto. Enjoy the picture above of Alex Trebek. For G. Ripley, Trebek will always be remembered as the Canadian information Man. Adieu Alex Trebek!!