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In yesterday’s publish I explored the ramifications of valuation allowances on deferred earnings tax belongings within the context of shifting market calls for as pertains to Merida’s $105 million earnings impairment with regard to its possession stake in Specialised (tldr; they purchased up a bunch of motorcycle retailers and took a shower), and in additional monetary information an enormous tech agency is now buying map app thingy Komoot, which is a map app thingy for mapping routes or no matter that a lot of bikey folks use:
This was very shocking to me, as a result of I had no concept there was such a factor as an Italian tech agency:
“Italian tech agency” sounds extremely oxymoronic, as once you consider Italian know-how you have a tendency to consider overly loud machines like espresso makers and two-stroke Vespas, although they did work out how one can make an digital shifter so I suppose something’s doable:
Much more shocking to me is that Komoot has 150 staff (at the least for now):
Whereas I actually don’t like the concept of individuals dropping their jobs, how does Komoot have 150 staff? Isn’t this one thing three or 4 folks with laptops may run out of a Starbucks? The world has been mapped like one million occasions over already! Have they got their very own aerospace division for launching satellites? Or possibly they employed a bunch of old-timey explorers and cartographers and despatched them out on expeditions:
[Magellan: worked remotely]
Both method, now that the Italians have come to the rescue, Komoot can fireplace everyone and someway get smaller and larger on the identical time:
I look ahead to some years from now when he writes a self-righteous editorial about how enterprise capitalism and the relentless push for infinite unsustainable progress is destroying the outside business.
As for me, I’m getting out of bicycles altogether, as a result of clearly there’s no future in it. As a substitute, I’m getting a Energy Tug. And no, a Energy Tug isn’t a hand-held masturbation system for males, it’s…properly, it’s this:
Hey, it beats getting tugged by a sibling:
Sorry.
Anyway, this thrilling new system will lastly enable me to mix my two best passions: curler skating, and vacuuming.
Although possibly I ought to maintain out for the gravel model…
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