The bottom line
▪ In 1990, the big three Detroit automakers made $250 billion in revenue while employing 1.2 million people. Silicon Valley’s top three companies had almost the same revenues, adjusted for inflation, in 2014 but employed only 137,000 workers.
The New York Times
▪ Women who ref used to disclose their current salary while interviewing for a job received final offers that were 1.8 percent lower than for women who shared their salary history, according to a recent survey. By contrast, men who refused to share their salary history ended up receiving bigger offers than those who divulged their earnings.
▪ There were 7,355 publicly traded U.S. companies in November 1997, compared with fewer than 3,600 today. The shrinking number of public companies makes it harder for stock pickers to differentiate their strategies, because the remaining firms tend to be bigger, older, and more profitable, making them easier to analyze.
The Wall Street Journal
▪ The number of fast-casual restaurants like Chipotle and Sweetgreen increased 9_percent last year. But the category is adding locations so quickly that samestore sales are falling more than 2_percent annually amid fierce competition.
▪ Facebook says it now has more than 2 billion people using its apps and services every month. The social network has doubled its global audience in less than five years, after hitting 1 billion monthly active users in October 2012.
Financial Times ■