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_how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold-124-forbes.webp "Thomas Plantenga bet the future of Vinted on a television advertisement. The secondhand clothing resale app was burning $1 million per month and had less than a year of cash left when Plantenga made an $800,000 gamble on French television. It was May 2016, and Plantenga had recently been hired to save the eight-year-old Lithuanian startup. After its founding at a college party in 2008, Vinted had grown rapidly as people from 10 countries used its platform to buy and sell secondhand clothes. <br/><br/>But it was free for users, barely covering its server costs with advertising, and an attempt in 2014 to bolt on a Poshmark-style 20% sales commission resulted in a user revolt. Traffic almost halved overnight. The Netherlands-born Plantenga, who had never been to Lithuania, signed up for a five-week gig as a consultant in May 2016. He ended up becoming Vinted’s CEO 18 months later.<br/><br/>Seven years later, Vinted is one of Europe’s largest consumer marketplaces, with over $600 million of revenue in 2023. It now counts 100 million users globally. Last year, it posted its first annual profit—at least $20 million—distinguishing it from its loss-making American cousins including The RealReal (valued at $360 million), ThredUp ($200 million) and Poshmark (sold for $1.2 billion). Vinted became the Baltic nation’s first unicorn in 2019 when it raised $140 million at a $1.1 billion valuation, and sales have since grown sixfold. <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/iainmartin/2024/04/15/how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold/?sh=5a47e3eaa3f0<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_best-natural-eye-drops-for-dry-eyes-mgd-and-blepharitis-manuka-honey-eye-drop-review.webp "Dr. EyeGuy")
⏲ 9 minutes 39 seconds 👁 16.3K
_the-doctor-drops-in-red-nose-day-2011-bbc-comic-relief-night.webp "BBC")
_queen-statue-rutland-lord-lieutenant-of-rutland.webp "The Lord Lieutenant of Rutland Dr Sarah Furness at the unveiling of the statue of Queen Elizabeth II outside Oakham Library")
_white-woman-cries-amp-apologizes-for-what-her-ancestors-have-done-to-black-people.webp "Redirecting-Proverbs 31 School of Wisdom")
⏲ 8 minutes 40 seconds 👁 915
_why-i-hate-visine-let39s-talk-about-eye-drops.webp "Dr. Glaucomflecken")
_james-gunn-drops-first-look-at-david-corenswets-superman-suit-reveals-the-dc-universe-movies-new-title.webp "We’ve known for over a year that a Superman reboot is on the way, and in late January 2023, it was revealed that it will be the first movie on the DC Universe Chapter One slate. Until today, that movie was titled \")
⏲ 1:25 👁 7.5M
_m-night-shyamalan-drops-39trap39-trailer-starring-josh-hartnett-as-a-serial-killer-124-thr-news-video.webp "Warner Bros. released the trailer for M. Night Shyamalan newest thriller 'Trap' starring Josh Hartnett.")
⏲ 1:10 👁 1.4M
_athiya-shetty-drops-cute-pics-with-her-whole-heart-kl-rahul-on-his-birthday.webp "As cricketer KL Rahul turned 32, his loving wife Athiya Shetty showered love on him by posting a mushy post on social media. Her romantic post is rapidly going viral on social media and fans are praising the lovebirds for their sweet bond.<br/><br/>#athiyashetty #klrahul #couplegoals #klrahulbirthday #trending #viralvideo #entertainmentnews #bollywoodnews #celebupdate")
_breaking-news-chip-roy-explodes-at-members-of-his-own-party-on-house-floor.webp "In House floor remarks, Rep. Chip Roy (R-TX) slammed his Republican colleagues for not using leverage to pass HR2.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
_meet-the-new-ai-robot-billionaire.webp "Armed with more than $750 million in funding, Brett Adcock vows that Figure will become one of the most important businesses in the world. First, there is a lot of work to do. Adcock, the 38-year-old founder and CEO of robot maker Figure, is riding high. In January, the company announced a collaboration with BMW, with the goal of putting Figure’s robots to work at the German automaker’s Spartanburg, South Carolina manufacturing plant. Six weeks later, Figure raised $675 million at a $2.6 billion valuation from the likes of Microsoft, Nvidia, OpenAI Startup Fund and Jeff Bezos. At the same time, Figure signed a collaboration agreement with OpenAI to develop next generation AI models for humanoid robots. <br/><br/>The valuation makes Adcock, who owns about 50% of the Sunnyvale, California company, a new billionaire. With his Figure stake and shares from a previous startup, he’s worth an estimated $1.4 billion. <br/>Even with all the money in the world, success is not assured.<br/><br/>0:00 Intro<br/>0:35 Who is Brett Adcock?<br/>1:45 Building the Figure Team <br/>2:18 What Makes Figure Different?<br/>3:16 Figure 01 Demonstration<br/>4:44 Training Humanoids<br/>6:47 The Future of Robots <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/kerryadolan/2024/04/15/meet-the-new-ai-robot-billionaire/?sh=4eef9f7f7c32<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_taylor-swift-drops-surprise-album-alongside-39the-tortured-poets-department39-release-124-thr-news-video.webp "Taylor Swift surprises fans by dropping a major addition - two hours after her initial release of 'The Tortured Poets Department.'")
Taylor Swift Drops Surprise Album Alongside 'The Tortured Poets Department' Release | THR News Video
⏲ 1:17 👁 1.1M
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