Urban Outfitters’ clothing rental service, Nuuly, has turned its first profit. The achievement of this milestone comes as a result of a growing subscriber base and an 86% increase in revenue, CNBC reported Tuesday (Nov. 21). Nuuly’s success in achieving profitability before its competitor, Rent...
The Amsterdam-based startup Creative Fabrica has raised $61 million in a fresh funding round. An online marketplace for fonts, graphics, digital designs and other content for designers and crafters, in addition to human-designed materials, Creative Fabrica also lists artificial intelligence-generated (AI) content. On the AI...
Netflix has been hit with a lawsuit from shareholders which says the streaming giant misled investors about its ability to retain subscribers, Reuters reported Wednesday (May 4). The lawsuit was filed by a Texas investment trust. The lawsuit seeks damages for the fall in Netflix’s share...
Maybe the title for Netflix’s latest report on subscribers, on the battle for video streaming, and the striving to monetize it all, might be “Don’t Look Down.” Losing 200,000 subscribers — as had been seen in the first quarter — is a big loss. Losing...
March 13, 2020
The era of “challenger” banks has seen many grand promises in terms of innovating on the old banking model to provide consumers with something more modern, responsive and customized. But when it comes to actually measuring results against the hype, the fact is that reality often falls a bit short. The digital banking customer might […]
February 26, 2024
Tabby, a shopping and financial services app active in Saudi Arabia, Kuwait and the United Arab Emirates (UAE), has launched a subscription service in the UAE that allows shoppers to pay in four installments anywhere using their Tabby Card. With a Tabby+ subscription, customers can use their Tabby Card for daily purchases like groceries, utilities, […]
November 21, 2023
Urban Outfitters’ clothing rental service, Nuuly, has turned its first profit. The achievement of this milestone comes as a result of a growing subscriber base and an 86% increase in...
January 10, 2023
The Amsterdam-based startup Creative Fabrica has raised $61 million in a fresh funding round. An online marketplace for fonts, graphics, digital designs and other content for designers and crafters, in...
May 05, 2022
Netflix has been hit with a lawsuit from shareholders which says the streaming giant misled investors about its ability to retain subscribers, Reuters reported Wednesday (May 4). The lawsuit was...
