Netflix becomes first Hollywood studio to issue vaccine mandate for all of its U.S. productions
One of the most anticipated IPO's of the year will finally hit wall street later Thursday. Online brokerage Robinhood will begin trading on the NASDAQ under the ticker symbol "Hood." Shares of the company priced at $38 per share - near the bottom range of estimates. In a unique twist, Robinhood is selling its IPO at offering price to its customers as part of a mission to make markets accessible. The company is looking to sell around 55 million shares to raise up to $2.3 billion.
Netflix is issuing a vaccine mandate for all of its U.S. productions. Deadline is reporting that all actors and some crew members must be vaccinated. This would make Netflix the first major Hollywood studio to implement such a mandate. Exceptions to the policy will be rare but may include medical, religious, and age. This comes as COVID cases continue to rise again and after the CDC recommended fully vaccinated people begin wearing masks indoors in places with high transmission rates.
Activision Blizzard employees walked off the job Wednesday. Employees protested the company over sexual harassment allegations in the workplace. The walkout was dubbed #ActiBlizzwalkout on social media and was trending on Twitter. Ahead of the walkout, Activision announced it would hire an outside law firm to investigate allegations of sexual harassment. It also extended paid time off to all employees who attended the walkout. Company CEO Bobby Kotick apologized for the company's "tone-deaf" response to the allegations.