Today I learned that:
- RealPlayer still exists;
- RealNetworks is valued at $70 million;
- They got a $2.8 million Payroll Protection Program loan that they did not give back.
The worst gamers of the PPP system are companies you've never heard of. Something called Staffing 360 Solutions, who make $500 million a year, somehow got $19 million in PPP loans. Other $10 million loans went out to a video company called Quantum Corporation (valued at $143 million), Universal Stainless & Alloy Products ($69 million valuation), and Independence Contract Drilling ($23 million).
Though in RealPlayer's case it should have been a Point-to-Point Protocol loan, amirite?