Digits: Erasing student debt, Amazon’s Black Business Accelerator, and shrooms

Rounding up this week’s most interesting news in numbers.

June 21, 2021

Source: Microsoft Work Trend Index Survey

  • One year after antitrust regulators blocked their merger with Cengage, McGraw Hill, America’s 3rd largest textbook publisher, will be acquired by Platinum Equity for $4.5B (roughly the cost of 3 college textbooks).
  • Speaking of college, the Department of Education erased $500m+ in student loan debt owed to ITT Technical Institute after 18k former students claimed fraud.
  • Microsoft surveyed 30k+ people in 31 countries to surface 7 key work trends for 2021. Shocking: 41% of employees are thinking of leaving their employers.
  • ATAI Life Sciences became the 3rd psychedelic company listed on the NASDAQ, alongside Compass Pathways and MindMed.
  • Amazon committed $150m to support Black-owned businesses through its new Black Business Accelerator, which includes startup and advertising credits, free product photography, and $10k cash grants. Applications open July 1.
  • Tennessee has 50k+ people collecting unemployment. The state’s job board has 250k+ postings, but only 3% show a salary of $20k+.

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