In a decision with potentially large ramifications, New York Federal Judge LaShann DeArcy Hall won't dismiss a libel suit against "Shitty Media Men" creator Moira Donegan.
Explaining, the judge says it is possible that Donegan created the entry herself. The judge believes that Elliott should be able to explore whether the entry was fabricated. Accordingly, discovery proceeds, which will now put pressure on Google to respond to broad subpoena demands. The next motion stage could feature a high-stakes one about the reaches of CDA 230.
Why was it ever a good idea to make a multi-store cupcake chain into a publicly traded company?
This is obviously about Crumbs which shut its 30-somewhat stores this week. As I understand it, the stock market is a bet that a company is going to be around for a long time (decades) and will make steady profit and growths. Cupcakes seemed like a trend that stayed around for a while and are now receding. Crumbs started when Sex in the City created a demand for cupcakes and Magnolia bakery (the store featured in SATC) refused to expand beyond their little Greenwich Village store front.
This worked great for a while until it did not. I can understand wanting to franchise a business like Crumbs but it seems like folly to make it a company with stocks.
Do the more business and economically oriented people here have any defenses for turning Crumbs or any other faddish one hit wonder into a publicly traded company? Any insights into what an investor would be thinking? Did they really think the cupcake trend would go on forever?