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Leonid Sagalovsky's Newsletter Archive

Mon, Nov 18 2019

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Hello and welcome to my Nuzzel newsletter! Leonid Sagalovsky (I am a retired investor living on a pension.™ Also a VC.)
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How FedEx Cut Its Tax Bill to $0
The New York Times – Jim Tankersley – Nov 17, 12:00 AM

WASHINGTON — In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing. What changed was the Trump administration's tax cut — for which the company had lobbied hard. The public face of its…

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Israel Folau criticised for 'appalling' Australia bushfire remarks
BBC News – Nov 17, 5:57 PM

Rugby player Israel Folau has drawn anger for linking Australia's bushfire crisis to the nation's same-sex marriage and abortion laws. Folau, who was sacked by Australia in May for making anti-gay remarks on social media, described the fires as a…

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Saracens salary cap breach: Premiership champions will not contest sanctions
BBC Sport – Nov 18, 4:00 AM

Premiership champions Saracens have confirmed they will not be contesting their points deduction and fine for breaching the league's salary cap. They are to be docked 35 points and fined £5.36m after an inquiry into business partnerships…

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Northzone raises new $500M fund to back startups in Europe (and the East Coast, US)
TechCrunch – Steve O'Hear – Nov 17, 8:00 AM

Northzone, the European VC firm that's probably best-known for being an early backer of Spotify, has raised a new $500 million fund, which it claims was oversubscribed and will reach its final close imminently. Dubbed “ Northzone IX,”…

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ByteDance to take on rivals with music streaming launch
The Financial Times – Anna Nicolaou in New York – Nov 17, 1:30 PM

The Chinese company behind the popular video app TikTok is set to go head-to-head with the likes of Spotify and Apple in the music streaming market with the launch of its own rival service. ByteDance is in talks with the world's largest record…

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