Must Read Money Stories For Thursday, March 5

by March 5, 2015


Etsy goes public. Etsy, the online site for buying and selling handmade goods, filed its IPO and went public on Wednesday. The Brooklyn based company hopes to raise up to $100 million and has Goldman Sachs, Morgan Stanley and Allen & Co. set as underwriters, according to Market Watch. It will list on Nasdaq under its full name, ETSY. In its 10 years, the online marketplace has amassed 54 million members. Sellers generated merchandise sales of $1.93 billion in 2014, according to the article.

HBO set to stream. HBO is reportedly trying to launch its cable-free streaming service by early April, according to an article on Quartz. The new service, which will be called HBO Now, will cost users $15 per month and include a different interface than its current streaming service HBO Go, which is free for its cable subscribers. Its reported release date, April 12, will coincide with the premiere of the fifth season of Game of Thrones, one of the networks most popular shows. Close to 10 million people are expected to sign up for the service without paying traditional television providers.

Apple postpones larger iPads. Apple has postponed the production of larger-screen iPads, as reported by Bloomberg. New tablets with 12.9 inch screens are set to begin production in September instead of this quarter, which was the company’s original plan. The delay involves its current supply of display panels, according to the article. Bloomberg speculates that the larger screens could be Apple’s attempt to make tablets, which have seen a drop in sales as buyers move towards larger screen phones, more attractive to business users.

McDonald’s limits antibiotics in its chicken. The New York Times reported Wednesday that McDonald’s will begin using chicken that is not raised with antibiotics used to treat humans. (We’ll have more on this later.) The move by the fast food company, which is one of the largest buyers of chicken in the United States, will likely have an impact on how poultry is raised. The new requirement will be introduced by the company over the next two years.