Faire's business has tripled in the last year as mom-and-pop shops turned to the platform to stock up on in-demand items.
Faire has completed a $170 million Series E round led by Sequoia Capital that more than doubled the valuation of the online wholesaler to $2.5 billion, as the San Francisco-based startup cashes in on pandemic shopping patterns by helping small businesses stock up on in-demand items.
The wholesale marketplace was created by four former Square employees to help mom-and-pop stores compete against Amazon by making it easier to discover and stock new products. A key benefit is that it accepts free returns within 60 days for items that don't sell, reducing the risk a retailer runs when buying new inventory. It also allows retailers to search for items that are environmentally friendly, handmade or not sold on Amazon.
And here's another article:
Why Dunkin' is looking to private equity, again - Marketplace
Dunkin' Brands Group is reportedly in talks to be acquired by Inspire Brands, whose portfolio includes Arby's and Jimmy John’s. Dunkin’ has a market value of $7.3 billion with over 12,000 locations. The coffee and doughnut giant had been a private company then went public. Now it may go private again.
“Going private could be beneficial for companies trying to reposition itself or to make substantial changes to its business model,” explained Carnegie Mellon finance professor Deeksha Gupta.
Who gets the Thanksgiving leftovers this year? - Marketplace
How the television industry is getting back to work - Marketplace
Filming in the Greater Los Angeles area was down nearly 55% from July through September compared to last year. FilmLA, the nonprofit that tracks production in the area, predicts that more large-scale productions will restart in the next few weeks.
“Marketplace” host Kai Ryssdal spoke with Bryn Sandberg, a senior writer at The Hollywood Reporter, about how television shows are getting back to work safely in LA and beyond.
Kai Ryssdal: Give me the lay of the production landscape now, if you would. Here we are, like eight months into this thing.
While you're here, how about this:
New jobless claims down, but so are unemployment benefits - Marketplace
Last week, 787,000 Americans filed first-time claims for unemployment benefits. The Labor Department also revised the previous two weeks downward, and that means since the beginning of October, we've seen fewer people filing new jobless claims each week than any time since the pandemic started in mid-March.
But tens of millions of Americans are still out of work. Millions of them are running out of unemployment benefits. And those still on the rolls are no longer getting $600 a week in extra federal payments that expired in late summer .
Monday.Com launches apps marketplace -
Eran Zinman, co-founder and CTO of monday.com commented: " The launch of the marketplace is an incredible step in building a truly flexible Work OS for our users. As we experience new teams and verticals using monday.com all the time, there is even more demand for extended functionalities to support varied use cases. There's no better way to achieve that than empowering our community to build and share whatever they dream of.
Initially, Monday.com claims there are over a hundred apps available, however, Enterprise Times only identified 78. These are filtered by seven main categories:
Travel rewards credit cards add more perks like Uber Eats - Marketplace
American Express announced that its premium travel cards will now come with a new benefit: discounts for the meal delivery service Uber Eats. During the pandemic, many cards with high annual fees that once lured in customers with their travel perks are starting to focus on spending that's closer to home.
American Express's Platinum Card used to mostly offer generous rewards for flights and hotel bookings. The annual fee for that card is $550.
Today's Numbers: The COVID Economy - Marketplace
"The leading economic indicator is … the virus." More than one analyst has put it to us this way. As we try to understand and quantify this unprecedented global economic collapse — and now the attempted restart — we're following key metrics for COVID-19 and the broader economy.
* * *
Nearly half of all Americans would have trouble paying for an unexpected $250 bill and a third of Americans have less income than before the pandemic, according to the latest results of our Marketplace-Edison Poll. Also, 6 in 10 Americans think that race has at least some impact on an individual's long-term financial situation, but Black respondents are much more likely to think that race has a big impact on a person's long-term financial situation than white or Hispanic/Latinx respondents.
Happening on Twitter
The shale revolution cut the price of wholesale electricity nearly IN HALF and saves an average of $2,500 each year… https://t.co/DfG0OMYUyt WhiteHouse (from Washington, D.C.) Mon Oct 26 22:45:00 +0000 2020
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