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It has been a rough year for the Weinstein Company as they near bankruptcy. They recently hired a bankruptcy consultant and are hanging their hopes of financial rescue on the release of the movie Inglorious Basterds later this month. So how bad are things for Harvey? According to a tipster, he is reportedly trying to unload his controlling stake in the jet set social network a small world for somewhere around half of what he paid for it.
Weinstein has been shopping around his stake in a small world. He needs liquidity fast, willing to take a heavy discount (as in 50% or more), the sharks should be circling soon...
Monday, February 13
Plovgh, the new online farmers market
Who knew that the farming world had a trend? Well, Mallory Sustick, a Brooklyn bartender, works like a dog to maintain, promote and advance the online farmer's market startup Plovgh that began after noticing a need for more local farm market distribution.