Wall Street Water Cooler July 5, 2016

The parent of sleazy infidelity website Ashley Madison, hit by a devastating hack last year, has hired a new CEO.

The big news is that this company still exists.

Avid Life Media is now the target of a U.S. Federal Trade Commission investigation, its new CEO admits.

“Life is short. Have an affair. A complicated, expensive legal affair.”


Hostess Brands LLC, the maker of Twinkies and Ding Dongs, will be taken public, with an expected enterprise value of $2.3 billion.

I know for a fact this valuation is incorrect, as I have eaten more than $2 billion in Twinkies on my own.

“Hostess presents a unique opportunity to invest in an iconic brand with strong fundamentals that is poised for continued growth,” Alec Gores, the chairman and chief executive of the Gores Group, said in a statement.


Stop texting and driving.

Preliminary data released today by the U.S. Department of Transportation’s National Highway Traffic Safety Administration show a 7.7 percent increase in motor vehicle traffic deaths in 2015.

An estimated 35,200 people died in 2015, up from the 32,675 reported fatalities in 2014.
“Ninety-four percent of crashes can be tied back to a human choice or error, so we know we need to focus our efforts on improving human behavior,” said NHTSA Administrator Dr. Mark Rosekind.

Leave a Reply

Your email address will not be published. Required fields are marked *