Cheddar morning business report for March 13, 2018Posted: Updated:
Save the date. Spotify will list shares on the New York Stock Exchange the week of April 2. That's according to Bloomberg, Spotify is taking an untraditional route for going public, and is instead using a direct listing, which only gives existing stakeholders access to shares.
Lyft is catching up to Uber. The company saw more than $1 billion in revenue last year growing 168 percent in the last quarter. That means Lyft grew three times as much as Uber. But it still has a long way to go - Uber saw $7.5 billion in revenue.
Netflix is nurturing the next generation of binge watchers. The streaming service is testing a reward system for kids that finish watching their favorite show. Netflix says the 'collectible' patches that kids can win add an extra element of fun. But, child advocacy groups are concerned the system is rewarding kids for unhealthy viewing habits.