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Recent money news
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Jun 15, 2009
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Some recent money-related news and thoughts (ok, some of them aren't recent per se, but they're recent for me): - Six Flags declared bankruptcy over the weekend. Declaring bankruptcy doesn't mean going out of business. It means getting rid of debt and reorganizing in order to become a financially successful company again.
- Back in March, it was announced that pharmaceutical companies Merck and Schering-Plough are merging, and they'll be keeping the Merck name and ditching S-P. I used to work for Schering. Good money, boring paperwork.
- As of right now, Twitter doesn't have a business model. Even though everyone talks about them and they get tons of traffic, they don't actually make any money aside from the venture capital money they raised from investors. If anything, like pretty much every technology company, all they do is spend money on things like engineers and web servers, while they try to figure out how to actually earn some income.
That is all. Carry on. #money
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