The RealReal revenue rose 82% to $105 million in the second quarter of the year. This marks the highest quarterly increase in revenue for the luxury used goods seller since before the pandemic. The firm, which lets customers buy and sell high-end apparel and footwear on its site and in stores, also said losses widened to $71 million, up from $43 million a year prior. Shares fell nearly 7% after...
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Tiger Global, Alkeon Slash Startup Valuations Amid Public Stock Selloff
For more than a year, startup founders have watched in awe and some trepidation as hedge funds and other large investors flooded private startups with big checks, pushing up valuations and making it easier than ever to raise money. Those freewheeling days may be numbered as a sell-off in public tech stocks bleeds into the startup world. Among the examples of change: Investors are starting to...
Amazon Shuts Down Retail Partnership Program, Pays $2.25 Million in Washington State Antitrust Settlement
HBO Max Sees 10% Jump in Retail Subscribers
Intel Wins Court Battle Against Landmark $1.2 Billion Antitrust Fine
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