Poshmark, the secondhand clothing marketplace, is said to have priced its initial public offering at $42 per share, Bloomberg reported Wednesday . That means the company will raise about $277 million and could be valued at $3 billion in the public markets. The question that remains after Poshmark’s pricing is how the stock trades when it opens Thursday. Consumer lending service Affirm, which...
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The Takeaway Amazon
Why I Love and Fear Amazon Basics
Jeff Bezos this week wrote his final shareholder letter as he steps aside as CEO of Amazon. It is remarkable what he and the company have accomplished. I vaguely remember buying my first book on Amazon. Today, I buy…well, that brings me to the point of this week’s column. I recently realized that my kids’ whiteboard markers had run dry. I grabbed my phone and searched for...
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