Sign of the Times: 4/9/12
On the heels of the news of Facebook acquiring Instagram, WSJ Marketplace editor Dennis Berman provides some context:
Remember this day. 551-day-old Instagram is worth $1 billion. 116-year-old New York Times Co.: $967 million.
— Dennis K. Berman (@dkberman) April 9, 2012
Li Ning Sells Convertible Bonds to 2 Investors - WSJ.com
More bad news for Li Ning. Makes me wonder what would’ve happened if they had taken a more conservative approach to expansion and athlete endorsements (NBA players).
