Spanx—Founded With $5,000—Is Now Worth $1.2 Billion in Blackstone Deal

(Bloomberg) -- Sara Blakely founded Spanx Inc. in 2000 with $5,000 of her personal savings earned from selling fax machines door-to-door. She just struck a deal with Blackstone Inc. that values the company at $1.2 billion. Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHate-Speech

• 
  Blackstone Buying Majority Stake in Spanx

  The Wall Street Journal
• 
  A deal valuing Spanx at $1.2 billion was brokered by an all-female team

  Quartz

Cathie Wood: This one simple tailwind will push the bull market to 2038 — here are 3 stocks to ride it

Forget your inflation fears. Wood sees decades of big gains ahead.

AT&T Earnings and Subscriber Growth Beat Estimates. The Stock Rises.

AT&T, the Dallas telecommunications and media giant, posts quarterly earnings and wireless subscriber growth that top Wall Street expectations.

• 
  AT&T adds wireless subscribers in 5G push, new movies boost HBO Max

  Reuters
• 
  Verizon Stock Rises As Earnings, Wireless Subscriber Additions Top Estimates

  Investor's Business Daily