Casper Sleep reported a 3.3% drop in revenue to $123.5 million in the third quarter, compared to the year-earlier period. The decline was due in part to the closure of its European operations last quarter, although the company also blamed the pandemic for the decline. Casper CEO Philip Krim said in a press release that “many of our core mattresses were out of stock on our website for weeks at...
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The Briefing Enterprise Startups
Meta’s M&A Ambitions Curtailed; Will Bret Taylor Be a Chip Off the Old Block?
Anyone working on mergers and acquisitions at Meta Platforms, formerly Facebook, might want to look for a new job. The British antitrust regulator’s decision to force Meta to divest Giphy, the tiny GIF search engine it acquired last year for $315 million, demonstrates that even small acquisitions are off limits to the tech giant. And while this was a decision in Britain, the Federal Trade...
China Will Ban Companies From Listing on Foreign Exchanges Using VIEs
SoftBank Invests $150 Million in South Korean Metaverse App
Allbirds’ Revenue Rose 33% in Q3
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