By
David Schonauer Friday December 17, 2021
Getty has announced that it will become a publicly-traded company. But it's complicated. The company recently unveiled plans to go public through a merger with special-purpose acquisition company
(SPAC) named CC Neuberger Principal Holdings II, which was formed through a partnership between CC Capital and Neuberger Berman. The deal values Getty at $4.8 billion including debt. representing
15.2 times the company's 2022 estimated adjusted … Read the full Story >>
The New York Times Thursday December 16, 2021
New York Times media columnist Ben Smith obtained a copy of an internal document offering “a new level of detail” about how TikTok’s algorithm works. The document provides a “glimpse both of the app’s mathematical core and insight into the company’s understanding of human nature — our tendencies toward boredom, our sensitivity to cultural cues — that help explain why it’s so hard to put down,” notes Smith. TikTok has succeeded where other short videos apps failed in part because it makes creation so easy, he adds. Read the full Story >>
Metro Pictures Thursday December 16, 2021
The New York gallery Metro Pictures closes its doors this month, 40 years after it began making stars of Cindy Sherman, Laurie Simmons, James Welling, Robert Longo and Richard Prince. The gallery has posted a detailed history that is also a history of the evolving arts scene in New York City from the 1980s through 2021. It all started on a crisp Friday evening —November 14, 1980—when Helene Winer and Janelle Reiring opened the Metro Pictures gallery at 169 Mercer Street. Pictures Generation artists had come of age. The New York Times has more. Read the full Story >>
PetaPixel Thursday December 16, 2021
Getty has announced that it will become a publicly-traded company, notes PetalPixel. The company is valued at $4.8 billion and plans to list itself on the New York Stock Exchange (NYSE) under the symbol “GETY.” Getty itself isn’t going public, but rather its newly-formed parent company is, adds PP: Getty has entered into a business combination agreement with CC Neuberger Principal Holdings II — a publicly-traded special purpose acquisition company formed through a partnership between CC Capital and Neuberger Berman. Read the full Story >>
