The newest darling of the Nasdaq is Poshmark, an online site to buy and sell secondhand goods. Its initial public offering was priced at $42 a share this morning, and by the end of its debut day, it had jumped just over 140%.
This does not come as a big surprise. The number of online marketplace sites had been growing before the pandemic, and they're even more popular now.
When things shut down early last year and people found themselves out of work or at home or both, lots of them turned to their stuff to make money.
And here's another article:
Louisiana sees another drop in health insurance through marketplace
BATON ROUGE, La. (AP) — Louisiana saw its fifth annual drop in health insurance enrollment through the individual marketplace set up through President Barack Obama’s federal health overhaul law.
Louisiana’s decline is part of a national trend. Enrollment across the country dropped from 8.28 million to 8.25 million in the 38 states that, like Louisiana, use the federal HealthCare.gov website for the individual marketplace.
Increased cost could be a factor in the marketplace in the decline. Last year, health insurance premiums went up an average of 10% in Louisiana’s individual marketplace.
Oregon Association of Nurseries to host virtual marketplace | Nursery | capitalpress.com
Covering agricultural and rural news across the western U.S. Have a news tip? Contact me. 509-699-9099 or smcclain@capitalpress.com
Joget Launches Redesigned Marketplace to Accelerate No-Code/Low-Code Applications, Plugins and
Joget aims to open the Joget Marketplace soon for partners to release solutions for various verticals. The Joget Marketplace will also enable third-party or individual innovators with industry expertise to create end-to-end solutions to address market gaps. Industry insiders are now positioned to leverage low-code platforms to showcase and benefit from their business knowledge and expertise.
"We strongly believe that open source and low-code platforms are for everyone, and encourage anyone with domain knowledge to create their own business applications to generate value," said Julian Khoo , Vice President of Product Development at Joget Inc. "The need to accelerate digital transformation is critical in the new normal. Low-code platforms like Joget now bring new opportunities for our customers, partners and innovators."
This may worth something:
Tips to avoid scammers in online marketplace -
RICHMOND, Va. (CBS19 NEWS) -- More people are looking to their own homes and belongings to bring in some money, but there are things to watch out for when it comes to buying or selling used items online.
The Better Business Bureau serving Central Virginia urges consumers to be on the lookout for buyers who want to pay more than the listed price, because offers that seem "too good to be true" likely are.
According to a release, the organization is seeing a lot of scam reports mentioning Facebook Marketplace, though such reports also come in about other services.
Auto1 Online Car Marketplace Plans To Go Public | PYMNTS.com
Berlin-based Auto1 Group said on Wednesday (Jan. 13) that it plans to go public in the first quarter of this year. Auto1 serves both consumers and dealers.
The company said in a press release that it plans to raise about 1 billion euros ($1.2 billion) from the stock sales. Auto1 said it would put about three-quarters of that back into its business, which includes its Autohero website brand.
Since its beginnings nine years ago, Auto1 has expanded into 30 European markets and has traded more than two million cars. Revenue grew by 21 percent to reach 3.5 billion euros in 2019.
What U.S., German political transitions mean for China relations - Marketplace
Germany today was the first major economy to report the full-year calculation: In 2020, the German economy did not grow but contracted by 5% after a flat fourth quarter . There are estimates that the U.K. and France may have contracted at twice that rate.
In Germany, there's also an outgoing government, but not until the fall. How will this transition reverberate through the world economy?
David Brancaccio: Big transition in Washington, but also in Germany later this year. Chancellor Angela Merkel is leaving. And you see, what, a bit of a pattern with leaders in Germany during the transition times?
Snowflake Data Marketplace Expands Total Providers Over 300%, Unlocking More Value for Thousands
"Customers are already realizing incredible value from the data available through Snowflake Data Marketplace, and this is only the beginning," said Christian Kleinerman, SVP of Product at Snowflake. "As more organizations and traditional industries digitally transform, they will shift how they view and leverage their data ecosystem, adding to and benefitting from the powerful data network effects of Snowflake's Data Cloud to create new products that can sustain their businesses long-term."
Happening on Twitter
Say hello to Poshmark, the online thrift store about to go public at $3 billion https://t.co/ije13wjjOa https://t.co/55ObHLEEZz Forbes (from New York, NY) Thu Jan 14 17:43:33 +0000 2021
Shares of online thrift store Poshmark soared more than 130% during its public debut today, pushing its valuation a… https://t.co/UjpW1BonEp Forbes (from New York, NY) Thu Jan 14 22:28:32 +0000 2021
Online clothing reseller Poshmark closes up more than 140% on first day of trading https://t.co/EhUPQrOFsC CNBC (from Englewood Cliffs, NJ) Thu Jan 14 21:09:41 +0000 2021
Online clothing reseller Poshmark jumps more than 130% as it begins trading https://t.co/OVdLfrQDda CNBC (from Englewood Cliffs, NJ) Thu Jan 14 16:50:58 +0000 2021
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