Cheddar afternoon business report for March 12, 2018Posted: Updated:
More information is coming out on of the most highly anticipated IPOs of the year. Dropbox, a file sharing company, is targeting a stock price between $16 and $18 a piece, for a $7 billion to $8 billion evaluation. Dropbox is expected to start trading on the NASDAQ late next week.
March Madness means mocking McDonald's. Wendy's has built a bracket on Twitter to point out how its competitor uses frozen patties. Wendy’s is stating that there are only two teams, team fresh and team frozen. A vote for team fresh means fresh beef offers from Wendy's. A vote for team frozen, is a vote for quote "Mc-D's frozen beef and disappointment." McDonald's recently announced it will serve fresh quarter pounders in most U.S. stores by May.
Are robots coming for your jobs? A majority of Americans say yes. Nearly 60 percent of Americans worry that artificial intelligence is the biggest workplace threat, more than immigration or offshoring.