Fly Charts: New Tech Giants and an Ever-Uglier Ad Deal
Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From Astra's deal prospects to the Southeast gas crunch, here are four charts that tell you what you need to know in business today.
And don't miss Tim Culpan on why Toshiba should stand by its chip unit: "If Toshiba sold the memory-chip unit for $18 billion and provisioned for its nuclear liabilities and negative equity, it would be left with $7.6 billion. There would be other outstanding debts, but what the company wouldn't have is the unit that brings in about one-third of revenue and operating income. It would also be left with a bucket of cash and nowhere to spend it."
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