Legal actions by payday lenders swamp courts. 27,000 Utahns sued for nonpayment since ’05
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"cash advance" shops state many clients of these 500-percent-or-so-interest loans are able to afford them. Advertisements call them "hassle-free" or "quick and simple." But payday lenders have actually sued nearly 27,000 Utahns for nonpayment since 2005, Deseret Morning Information research finds.
Snowflake Shares Soar 115% In Red-Hot IPO, Minting Three Brand Brand New Billionaires
Snowflake CEO Frank Slootman, second from remaining, and cofounder Benoit Dageville, left, pose right here with cofounder Thierry Cruanes and CFO Mike Scarpelli. All four are big winners in Snowflake's IPO, with Slootman and Dageville now billionaires.
Natalie and Cody Gantz
Cloud database business Snowflake launched exchanging on Wednesday at significantly more than double its list cost, making CEO Frank Slootman, ex-CEO Bob Muglia and cofounder Benoit Dageville billionaires.
As public-market investors clamor for stocks of cloud computing standout Snowflake, the business's outsize first-day stock performance has established a few billionaires from the present and previous executives.
Stocks of Snowflake launched at $245 on Wednesday, significantly more than double the company that is california-based list price of $120. After several hours' wait, as bankers sought an amount of which the business might have sufficient vendors to start, trading had been halted shortly at $276, moments after it launched.