Angels out... Victoria's Secret won't broadcast its aggressively costumed annual fashion show on TV anymore — falling viewers and a realization that the whole thing was outdated led to the decision. But parent company L Brands dipped because the move highlights how out of touch the push-up brand became with our generation. Less catwalk, more bralette.
Expensive shave... Direct-to-consumer razor startup Harry's was acquired by the owner of Schick for a smooth $1.37B. But buyer Edgewell Personal Care fell 20% last week on word its own sales dropped 10% last quarter. Plus, the $2B cabinet-packing company (it also owns Playtex and Wet Ones) is barely worth more than the deal itself.
Break up... After two years of Facebook info scandals, we expected new tech regulation in the US. It hasn't come. But Zuck's co-founder Chris Hughes called out Facebook to be split into separate companies. Shares fell 2% last week as Hughes' words joined a Nobel Prizer (Joseph Stiglitz) and presidential candidate (Elizabeth Warren). Zuck's response: Breakup won't fix Facebook's problems.