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Coachella By The Numbers Looks More Like Cashella

PYMNTS

million just in taxes from ticket sales, comprising 5 percent of the city’s general fund, while its overall economy enjoys a $106 million boost thanks to the festivals. Thanks to bed taxes on short-term rentals, cities get to reap the benefits of this arrangement too. The nearby city of Indio takes in $3.18

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Killing The I-Bank: The Disruption Of Investment Banking

CB Insights

And before the dot com crash, Goldman Sachs’ IPOs did tend to jump an average of 293% from their starting price through their first Friday on the market — compared to 26% for the bank Donaldson, Lufkin & Jenrette and 78% for Merrill Lynch. When Facebook went public in 2012, the stock fell 15% in its first few days on the market.