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Scottish start-up joins North Coast 500 to serve up drinks for drivers
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Distilled alcohol-free spirit Feragaia secures first export deals
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Depop
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Etsy is expanding beyond handmade Live Laugh Love bathroom signs with its acquisition of thrifting app Depop for $1.6 billion.
For Etsy, whose median seller is about 39, it s a strategic move meant to court Depop s overwhelmingly Gen Z user base: More than 90% of its users are under 26.
For those of us past our quarter-life crises, here s the need-to-know on the secondhand shopping platform:
More than 26 million users across 147+ countries buy and sell apparel and accessories.
Noam Galai/Getty Images
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Propelled by Reddit traders, AMC has landed on the moon and discovered it s made of movie theater nacho cheese. Following a remarkable 1,100% gain in share price this year, the chain raised more than $230 million to acquire other theaters, such as the former Arclight Cinemas and Pacific Theatres.
Did AMC find a $230 million bill in the laundry or…?
AMC issued 8.5 million shares to investment firm Mudrick Capital to raise the sum. According to Bloomberg, Mudrick immediately sold off all of its freshly purchased shares after deeming the stock overvalued (wait until they hear about movie theater popcorn).
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Krispy Kreme filed to go public yesterday under the ticker symbol DNUT, a much better choice than KRPY but less creative than GLZD.
Consider this a comeback tour, because when the 83-year-old chain first went public in 2000, it filed for bankruptcy just five years later when carbs became public enemy No. 1.
But after being battered and fried, Krispy Kreme was picked up by European investment firm JAB Holdings and glazed back to glory. Some notable stats from Krispy Kreme s SEC filing…
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