| Hiya. Regal Cinemas, the second-largest movie theater operator in the US, announced it is closing all its US locations. The closures, which will impact roughly 40,000 US employees, will begin Thursday. There are plenty of ties between Wall Street and Hollywood, as the former often finances the latter's work. While actual movies won't stop being made, the future of physical movie theaters seems very much in doubt. A world where the only distribution channels for new movies are streaming services like Netflix and Hulu could be a possibility, and how that impacts Wall Street's involvement will be interesting to see. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. We are also looking for nominations for our first-ever Rising Stars of Real Estate. Get all the details on how to apply here. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
A key benefit for a company choosing to do a direct listing over a traditional initial public offering is that existing shareholders can sell a portion of their shares immediately, as opposed to having to wait to cash out. However, that proved difficult last week when Palantir Technologies made its public debut. Some employee and alumni shareholders were unable to sell their shares. The tech giant has been quick to point the finger at Morgan Stanley, blaming the big bank's trading platform Shareworks. Becky Peterson has the scoop, along with details from internal emails sent to the tech company's staff over the weekend. Click here to read the entire story.
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