Business

"WeWork Isn't a Tech Company; It's a Soap Opera"

If it weren't for the fact that when it soon comes public WeWork could well be one of the most "crowded" short trades ever--like Beyond Meat, for which I apparently massively overpaid for a few puts--I would short WeWork. This article quotes the registration statement as follows: “We are a community company committed to maximum global impact. Our mission is to elevate the world’s consciousness.”

Oh yeah, I really want to short elevating the world's consciousness.


"How the solar business became an afterthought for Tesla"

This is yet one more example of why government should not try to pick business winners.

. . . the administration of Gov. Andrew Cuomo hoped it was catching lightning in a bottle by spending $750 million in taxpayer money to land what then was a fast-growing business in a hot, environmentally friendly industry that promised to bring nearly 1,500 jobs to job-starved Buffalo. . . .

For $750 million, you expect more.

 


"Empty storefronts: City government is more cause than cure"

I don't know much, but I'm pretty sure that you can't get a paid vacation if your employer goes out of business.

Or take de Blasio’s paid-vacation mandate, which will cost the husband-and-wife owners of One Girl Cookies an extra $57,000 a year, as they described in Crain’s. “The mayor’s argument that business owners can absorb these additional costs and are just pretending that they cannot is outright insulting,” owner Dawn Casale wrote.


"PepsiCo Knows You Love Doritos"

Interesting story about how PepsiCo is currently doing well with its core products. The key supposedly is doing something that I wouldn't have expected. (And which sounds difficult to sustain for very long.)

Pepsi soda and snacks are booming, in part, because the company is routing more of that stuff to convenience stores and packaging it up in smaller bags and bottles. . . . Packaging, it turns out, can be a great antidote to competition. 

Related: "The Curious Case of PepsiCo's Product Volumes".