Online used goods retailer ThredUp posted strong revenue growth of 68% for the fourth quarter but moved further away from profitability as it spent money expanding its distribution centers. But ThredUp said it expects revenue growth to slow sharply in the first quarter, to 27%, while it projected that revenue would rise 31% to 35% for the full year, in line with 2021. ThredUp shares fell...
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The Flaws in FTC’s Amazon Case
Talk about anticlimactic. We’ve been expecting today’s Federal Trade Commission antitrust lawsuit against Amazon since the day commission chair Lina Khan was sworn into office in June 2021. After all, she rose to antitrust fame with her 2017 Yale Law Journal paper arguing that modern competition policy wasn’t equipped to deal with the threat Amazon posed. Yet despite the plentiful time for...
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