Slack Stock Soars, Putting Company’s Public Value at $19.5 Billion
— Read on www.nytimes.com/2019/06/20/technology/slack-stock-ipo-price-trading.html
When George Eastman, founder of the Eastman Kodak Company, introduced the Kodak #1 camera in 1888, photography became vastly more convenient. With a sale price of $25 (roughly $700 today), the camera was preloaded with a 100-frame roll of film.
— Read on www.nytimes.com/2019/05/01/nyregion/nyc-photos-from-1951.html
*Did not know that.
The company had 88,000 paying customers at the end of the most recent fiscal year, up almost 50 percent from the previous year. Of those customers, 575 paid more than $100,000 for their subscriptions, contributing about 40 percent of the company’s revenue.
— Read on www.nytimes.com/2019/04/26/technology/slack-filing.html
Contrary to the public imagination, bankruptcy courts are not where businesses go to die. In fact, there is potential for creativity and rebirth in Chapter 11, the uniquely American law for corporate reorganizations.
“Most countries just liquidate companies,” said Richard Gitlin, a bankruptcy lawyer specializing in international debt restructurings who has worked with Mr. Alix in the past. “We are the best at restructuring the resources, taking the good part of the business, adding professional management and making it profitable.”
— Read on www.nytimes.com/2019/04/11/business/jay-alix-mckinsey-bankruptcy.html
*Really interesting article. The snippet above is just one of many interesting sections of this article.
Here’s what’s going on: The Public Service Loan Forgiveness program is an administrative quagmire unlike nearly anything I’ve covered in a quarter-century as a journalist.
— Read on www.nytimes.com/2019/04/12/your-money/public-service-loan-forgiveness.html
“I would give almost anything I have to reverse the course of my life in the last three years,” he said. He said he had agonized in a moral and mental struggle to come to terms with his own betrayals.
He lost his job at Columbia, NBC canceled his contract, and, along with others who had lied to the grand jury about their quiz show roles, he pleaded guilty to second-degree perjury, a misdemeanor, and received a suspended sentence.
— Read on www.nytimes.com/2019/04/10/obituaries/charles-van-doren-dead.html
Silicon Valley has always been a lottery where immense wealth is secured by a few while everyone else must hope for better luck some other time. Rarely, however, has the disparity been on such stark display as with Uber. Its stock market value is expected to be about $100 billion, which would make it one of the richest Silicon Valley public offerings of all time.
— Read on www.nytimes.com/2019/04/12/technology/uber-driver-ipo.html