When venture capital firms turned stingy, the company cut staff, lowered costs and moved into the black... (Bloomberg)
Investing in consumer technology, media, retail & finance.
Virtuix, maker of the Omni VR treadmill, announced a partnership with Chinese game publisher and eSports company Hero Entertainment. The collaborative effort will convert China’s most popular mobile FPS game, Crisis Action, into an active VR experience for the Chinese and U.S. markets...
“It’s like the ‘Clueless’ closet,” she said. “We brought it to life.”
Spotify brought in a whopping $2.18bn (€1.95bn) in revenues in 2015, growing its income by 80% in the year...
“It’s life changing,” my friend Chandler told me. She’d been using it and was hooked.
So I took the plunge, paying $139 a month to rent three pieces at a time, which can be kept as long as I want or returned as quickly as I can zip up the garment bag and give it back to my apartment concierge. The program officially opens to the public today, and includes everything from the signature gowns to leather jackets, sweaters and sunglasses. And, as a friend trying to pay it forward, let me tell you: It’s a game-changer... (USA Today)
In the nine months Apple Music has been available, the service has picked up 11 million subscribers. Spotify has added 10 million paid subscribers in the same time..
In 2015 Moda had $68 million in revenues. By 2020, Nicodemus believes the company will take in $500 million..
Neiman Marcus teams with luxury consignment startup The RealReal..