Twinkies fans rejoice, Hostess to go into mediation
This final note today, which comes with my sympathies for those among you who went out Friday and spent hundreds — nay thousands of dollars — for Twinkies you believed were about to vanish from the earth.
There is news today of a possible deal between Hostess and its bakers. They’ve agreed to go into mediation to try to avoid the company being shut down at some 18,000 workers losing their jobs.
Wasn’t kidding about the thousands, by the way. The highest sale price we saw on eBay? $7,600.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.