BuzzFeed reported it was profitable on an operational basis in the second quarter, as revenue grew 51% to $89 million, largely off of its advertising business. Meanwhile, Complex Networks, which BuzzFeed has proposed acquiring as part of a plan to go public via merging with special purpose acquisition corp 890 Fifth Avenue Partners, saw a 5% drop in revenue for the quarter due to the ending of...
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Shein Confusion: The Fast-Fashion Giant’s New Resale Site Doesn’t Make Buying Easy
All I wanted from Shein Exchange was a plain black skirt. It was a simple enough desire, I thought, as I swiped around the fast-fashion giant’s newly launched resale platform. Scrolling through the offerings, I was bombarded with used neon crop tops, bedazzled pants and denim skirts—but my basic wardrobe staple was nowhere to be found. When it was unveiled in October, Shein Exchange...
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