Numlock News: May 1, 2020 • Plexiglass, Slud…

By Walt Hickey Have a great weekend! Comcast Comcast made $26.6 billion in the first quarter of the year, down 0.9 percent year over year, and saw its net income fall 40 percent. This is what happens when a company lacks a straight shooter like Jack Donaghy at the helm. Really, it’s because Comcast — with a theme park business down 32 percent, a film business down 22 percent, ad revenue down 2.2 percent, and those Olympic Games not happening this year — is a media conglomerate that’s pretty much situated at the center of a lot of the blowback from the shutdowns. Comcast is in a unique bind — the only other company whose entire business model is predicated on customer infatuation with memes about the yellow Minion characters, Facebook, had a decent quarter.

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