Hiya.
Regal Cinemas, the second-largest movie theater operator in the US, announced it is closing all its US locations. The closures, which will impact roughly 40,000 US employees, will begin Thursday.
There are plenty of ties between Wall Street and Hollywood, as the former often finances the latter's work. While actual movies won't stop being made, the future of physical movie theaters seems very much in doubt.
A world where the only distribution channels for new movies are streaming services like Netflix and Hulu could be a possibility, and how that impacts Wall Street's involvement will be interesting to see.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
Palantir points fingers
A key benefit for a company choosing to do a direct listing over a traditional initial public offering is that existing shareholders can sell a portion of their shares immediately, as opposed to having to wait to cash out.
However, that proved difficult last week when Palantir Technologies made its public debut. Some employee and alumni shareholders were unable to sell their shares.
The tech giant has been quick to point the finger at Morgan Stanley, blaming the big bank's trading platform Shareworks.
Becky Peterson has the scoop, along with details from internal emails sent to the tech company's staff over the weekend.
Click here to read the entire story.
Real-time payments in the US have increased five-fold in the past 12 months, according to a recent FIS survey. From payroll to bill pay, here's how companies are using the tech.
Real-time payments are taking off in the US. Shannen Balogh has some insights from a recent report on the trend conducted by financial tech giant FIS. Check out the full story, along with use cases for where it can be deployed.
These lawyers are helping engineer the $40 billion SPAC boom with new innovations for shareholder voting and how big investments are lined up
2020 has been the year of the SPAC. Check out the top lawyers that play a key role in the SPAC ecosystem. Here is the entire list of names to know, compiled by Jack Newsham, Dakin Campbell, and Alex Morrell.
Softbank-backed real estate brokerage Compass just acquired title and escrow startup Modus in a push to become a one-stop shop for buying and selling homes
Alex Nicoll has all the details on Softbank-backed Compass' plans to acquire title and escrow software company Modus. Get all the context you need to understand the deal. Read the whole story here.
Odd lots:Bank of America wades into digital financial planning space (Reuters)