Since then, Kennedy has grown her Instagram audience to 3.4 million and now funnels those followers into her booming Good Inside empire, which includes digital memberships, a podcast, brand partnerships, and books. The business, with more than 60 employees, is profitable and generated $34 million in revenue last year, a nearly 50% increase year-over-year, Fortune is first to report.
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Most unexpected was Paramount stock’s jump. Wall Street almost always disdains giant acquisitions on the theory that buyers get too excited about big deals and overpay—and indeed, that’s usually what happens. When the deal gets sealed, the buyer’s stock usually drops, but in this case it rose almost 30%. That’s probably because analysts were pleasantly surprised: They had figured Paramount would need to raise its offer from $30 to $32–$34 a share to vanquish Netflix; instead, Paramount offered just $31 and prevailed.