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
NYT
One Man vs. McKinsey: A Billionaire Says the Consultancy Has Rigged the Bankruptcy System – The New York Times
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.
Your Student Loan Servicer Will Call You Back in a Year. Sorry. – The New York Times
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
Charles Van Doren, a Quiz Show Whiz Who Wasn’t, Dies at 93 – The New York Times
“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
He Has Driven for Uber Since 2012. He Makes About $40,000 a Year. – The New York Times
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
Opinion | Trump and the Annihilation of Shame – The New York Times
Even after more than 30 years of suffering and contrition, he chose not to profit from a dishonorable deed.
— Read on www.nytimes.com/2019/04/12/opinion/charles-van-doren-trump.html
Bigger, Saltier, Heavier: Fast Food Since 1986 in 3 Simple Charts – The New York Times
Bigger, Saltier, Heavier: Fast Food Since 1986 in 3 Simple Charts – The New York Times:
“The fat and salt content and the sheer size of fast food meals have long been a public health concern. They are often blamed for pushing up the obesity rate among adults in the United States, which rose to 40 percent in 2016 from 13 percent in the early 1960s.”
*40%!? WOW!
Drug Companies and Doctors Battle Over the Future of Fecal Transplants – The New York Times
Drug Companies and Doctors Battle Over the Future of Fecal Transplants – The New York Times:
“The clash is over the future of fecal microbiota transplants, or F.M.T., a revolutionary treatment that has proved remarkably effective in treating Clostridioides difficile, a debilitating bacterial infection that strikes 500,000 Americans a year and kills 30,000.”
*This is worth reading.
With Big Stars and Paid Subscriptions, Luminary Aims to Be the Netflix of Podcasts – The New York Times
“Most podcasts are free, but the Luminary app — set to arrive by June — will focus on subscriptions. For $8 a month, subscribers will gain access to Luminary’s ad-free lineup. “
*Another monthly subscription to pay for? If people start to add up their subscription costs they might be surprised.
Wonder if Apple will try something similar with podcasts and have it part of Apple Music with exclusive podcasts. Apple has the cash to try something like this. Perhaps you could even use third party apps to access this service that helps you make playlists and compelling content.
Instant Pot Maker Bought by Pyrex’s Parent as Old Kitchen Meets New – The New York Times
Instant Pot Maker Bought by Pyrex’s Parent as Old Kitchen Meets New – The New York Times:
“The Instant Pot went on sale in 2010. A confluence of factors — its availability on Amazon, touting of technological advancements like sensors to help optimize cooking relatively low price and popularity among bloggers with evangelical fervor — helped make it a phenomenon.”
*Thought the Instant Pot was from around 2015.
D.L. Damore 