WhatsApp $19B, Detroit $18B

An app and a city. In the immortal words of Martha Reeves, “Can’t forget the Motor City.” Fifty years ago “Dancing in the Street” was born in Detriot, as co-writer Mickey Stevenson (the other co-writers were legendary Marvin Gaye and Ivy Jo Hunter) saw people cooling off from the summer heat in the streets with the water from hydrants. Originally conceived as a ballad, Marvin Gaye thought it sounded much more like dance music and a good fit for Kim Weston…..who passed on the song. Enter Martha Reeves, living in Detroit since she was a year old, who put her own touches on the music. Just two takes later, as the saying goes, the rest was history.

http://www.washingtonpost.com/business/economy/detroit-files-plan-to-fix-debt-leave-bankruptcy/2014/02/21/7a6f2800-9b2c-11e3-975d-107dfef7b668_story.html?hpid=z2

http://www.bloomberg.com/news/2014-02-19/facebook-to-buy-mobile-messaging-app-whatsapp-for-16-billion.html

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