This Week in Startups

Twitter deal updates, Poshmark acquired, Liquid Death's $700M valuation & more | E1577

4 snips
Oct 4, 2022
Elon Musk is pushing to finalize the Twitter deal at $54.20 per share amidst rising stock excitement. Poshmark's acquisition by Naver sparks discussions on thrift culture and sustainability in consumer trends. Liquid Death's innovative branding leads to a $700M valuation, while Selena Gomez raises $5M for her mental health startup, Wondermind. The rise of online thrifting highlights a shift towards the circular economy, revealing evolving consumer habits and the future of commerce.
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ANECDOTE

Twitter Deal Resurrected

  • Elon Musk proposed closing the Twitter deal at the original price.
  • Twitter's shares climbed 18% after trading was halted.
INSIGHT

Thrifting Trend

  • Thrifting is trending among young people due to environmental concerns and cost-consciousness.
  • This trend creates opportunities for startups in the resale market.
ANECDOTE

Thrifting Compliment

  • Jason's daughter received compliments on her thrifted blazer from college-aged women.
  • This highlights the growing social acceptance and coolness of thrifting.
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