Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Two weeks ago, we reported that one of the numerous “unicorns” prancing around Silicon Valley was about to have a very rude wake up call when Dropbox was warned by its investment bankers that it would be unable to go public at a valuation anywhere near close to what its last private round (which had…
The mayor joined elected and city officials and the developers for a ceremonial dirt toss at the Beach Channel Senior Apartments site. View Full Caption DNAinfo/Katie Honan FAR ROCKAWAY — More than two thirds of the new affordable housing planned for Queens will be built on the Rockaway peninsula, a flood zone still…
There have been hundreds of thousands of words written on ESPN closing Grantland, but most of them have missed the largest issue — the site was losing money. With a staff somewhere between 42 and 54 people Grantland produced, according to James Miller’s Vanity Fair piece, somewhere in the neighborhood of $6 million a year…
Paid advertisement? A soldier holds an American flag before the first half of a 2013 NFL football game between the Atlanta Falcons and the New England Patriots in Atlanta. David Goldman/AP hide caption itoggle caption David Goldman/AP Paid advertisement? A soldier holds an American flag before the first half of a 2013 NFL…
The Four Horsemen of Gentrification. Then I saw when the Landlord broke one of the rent-controlled seals. I heard one of the four living creatures saying as with a voice of thunder, “Gentrify.” I looked, and behold, a green horse, and he who sat on it had a mason jar; and a fedora was his…
The Driggs, a luxury apartment building in Brooklyn, received a $631,000 tax break this year. (Cezary Podkul/ProPublica) As gleaming new housing towers spring up around New York City, thousands of new rent-stabilized apartments are coming onto the market. And in return for following rent limits, developers get a share of $1 billion in property…
Begin: WordPress Article Content Twitter Engineering Manager Leslie Miley, the only black engineer in a leadership position at Twitter, just publicly announced that he has left the company. In his post, he says his reasons for leaving have everything to do with the way Twitter is addressing diversity and inclusion. Though Miley was laid off as…
Begin: Right Rail Advertisement Container End: Right Rail Advertisement Container Begin: WordPress Article Content In California, a state built on the idealism and tacit cruelty of real estate capitalism, no one is innocent. That’s no different with Airbnb and Proposition F, merely the latest of San Francisco’s Brobdingnagian sagas over land-use politics that will go down in today’s election….
Startups don’t turn into unicorns — the buzzword for companies valued at a billion dollars or more — without a good story attached. For WeWork — which leases office space, divvies it up into desk-sized chunks, and rents it out month to month, largely in fashionable cities like San Francisco and New York — the…
Photo A Wework member working in one of the many unique spaces at Wework headquarters in the New York City neighborhood of Chelsea. Credit Cole Wilson for The New York Times WeWork, which rents out offices and desks to freelancers and budding companies, has been on a fund-raising tear. In just five years, the New…