After months of anticipation, yesterday was finally official Snap IPO day. And despite losses of more than $500 million last year, the company saw willing investors flock to buy the $17 shares, pushing Snap’s valuation to nearly $24 billion [maybe?]- NYTimes and WSJ and Bloomberg
The DOL has announced plans to delay its retirement adviser fiduciary rule [currently set to take effect April 10] by 60 days, “setting the stage for its repeal or revision” – WSJ and Law360
Founder Ray Dalio is out as Co-CEO at Bridgewater Associates, the world’s biggest hedge fund, and his co- (former Apple exec Jon Rubinstein) is out as well—less than a year after assuming the position – NYTimes and WSJ and Bloomberg
The Dow topped 21000 yesterday, prompting the Upshot to ask what, if anything, the booming markets could really offer as insight into the actual US economy – NYTimes
The SEC is reportedly investigating potential insider trading associated with SoftBank’s $3 billion deal to buy Fortress Investment Group – WSJ
The internal data breach fallout at Yahoo includes a GC on the outs and a bonus-free 2016 for Marissa Mayer – NYTimes and WSJ
Wells Fargo execs are feeling her pain – WSJ
Because winging off to London may not be in the cards for you, here’s a virtual tour, of sorts, of the venerable British Museum, courtesy of the Times – NYTimes