In yesterday’s publish I explored the ramifications of valuation allowances on deferred revenue tax property within the context of shifting market calls for as pertains to Merida’s $105 million revenue impairment with regard to its possession stake in Specialised (tldr; they purchased up a bunch of motorcycle outlets and took a shower), and in additional monetary information a giant tech agency is now buying map app thingy Komoot, which is a map app thingy for mapping routes or no matter that plenty 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 while you consider Italian know-how you have a tendency to consider overly loud machines like espresso makers and two-stroke Vespas, although they did determine the way to make an digital shifter so I suppose something’s attainable:
Much more shocking to me is that Komoot has 150 staff (no less than for now):
Whereas I actually don’t like the thought of individuals dropping their jobs, how does Komoot have 150 staff? Isn’t this one thing three or 4 folks with laptops might run out of a Starbucks? The world has been mapped like 1,000,000 instances over already! Have they got their very own aerospace division for launching satellites? Or perhaps they employed a bunch of old-timey explorers and cartographers and despatched them out on expeditions:
[Magellan: worked remotely]
Both means, now that the Italians have come to the rescue, Komoot can fireplace everyone and by some means 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 limitless unsustainable progress is destroying the out of doors trade.
As for me, I’m getting out of bicycles altogether, as a result of clearly there’s no future in it. As an alternative, I’m getting a Energy Tug. And no, a Energy Tug isn’t a hand-held masturbation gadget for males, it’s…nicely, it’s this:
Hey, it beats getting tugged by a sibling:
Sorry.
Anyway, this thrilling new gadget will lastly enable me to mix my two best passions: curler skating, and vacuuming.
Although perhaps I ought to maintain out for the gravel model…
