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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.
⏲ 5:56 👁 1.5M
Life Lessons from Shri Krishna | Sonu Sharma | Motivational Speech | Motivational Video | Self Improvement and Self-development<br/><br/>In this Inspirational video,Mr Sonu Sharma shares inspiration-packed life lessons that you can learn from Lord Shri Krishna. This is one of the best Lord Krishna motivational speeches in which Mr. Sonu Sharma shares some of the incidents from Mahabharat that are enough to motivate you. Have fun, and listen to some Krishna motivational stories. Watch this video till the end DON'T FORGET TO SUBSCRIBE to the channel.<br/><br/><br/>About Mr. Sonu Sharma :<br/>Mr. Sonu Sharma, the founder of DYNAMIC INDIA GROUP (INDIA), is a multi-talented individual encompassing the roles of an Author, Educator, Business Consultant, and successful Entrepreneur. With his exceptional speaking skills, he has become a highly sought-after inspirational speaker in India, known for motivating and empowering individuals to realize their true potential. Taking his dynamic messages to a global audience, he has impacted lives across different corners of the world.<br/><br/>With over 21 years of dedicated research and understanding in the Direct Sales Industry, Mr. Sharma has steered numerous organizations toward growth and fulfilment. His dynamic workshops have benefited tens of thousands of people all over INDIA, and his reach has extended to 114 countries, amassing an audience of 900+ million on YouTube in the last four years alone. Notably, his live seminars in India have seen an attendance of over 20 Lac people in recent years.<br/><br/>Mr. Sonu Sharma has achieved sensational success on social media platforms, with over 3 billion views on YouTube and Facebook, and a massive following of 30 million+ loyal supporters. Today, he serves as a consultant for some of the world's leading corporate houses, further solidifying his impact in the business world.<br/><br/>------------------------------------------------------------------------------------------------------------<br/><br/> Website: www.sonusharma.in<br/> Instagram:instagram.com/officesonusharma<br/> Facebook: facebook.com/OfficeSonuSharma<br/> Twitter: twitter.com/OfficeSSharma<br/> LinkedIn: linkedin.com/in/officesonusharma<br/> Telegram: t.me/SonuSharmaCommunity<br/> For Business Enquiries: +91 91513 13101<br/><br/>------------------------------------------------------------------------------------------------------------
⏲ 8:9 👁 20K
Life Lessons from Shri Krishna | Sonu Sharma | Motivational Speech | Motivational Video | Self Improvement and Self-development<br/><br/>In this Inspirational video,Mr Sonu Sharma shares inspiration-packed life lessons that you can learn from Lord Shri Krishna. This is one of the best Lord Krishna motivational speeches in which Mr. Sonu Sharma shares some of the incidents from Mahabharat that are enough to motivate you. Have fun, and listen to some Krishna motivational stories. Watch this video till the end DON'T FORGET TO SUBSCRIBE to the channel.<br/><br/><br/>About Mr. Sonu Sharma :<br/>Mr. Sonu Sharma, the founder of DYNAMIC INDIA GROUP (INDIA), is a multi-talented individual encompassing the roles of an Author, Educator, Business Consultant, and successful Entrepreneur. With his exceptional speaking skills, he has become a highly sought-after inspirational speaker in India, known for motivating and empowering individuals to realize their true potential. Taking his dynamic messages to a global audience, he has impacted lives across different corners of the world.<br/><br/>With over 21 years of dedicated research and understanding in the Direct Sales Industry, Mr. Sharma has steered numerous organizations toward growth and fulfilment. His dynamic workshops have benefited tens of thousands of people all over INDIA, and his reach has extended to 114 countries, amassing an audience of 900+ million on YouTube in the last four years alone. Notably, his live seminars in India have seen an attendance of over 20 Lac people in recent years.<br/><br/>Mr. Sonu Sharma has achieved sensational success on social media platforms, with over 3 billion views on YouTube and Facebook, and a massive following of 30 million+ loyal supporters. Today, he serves as a consultant for some of the world's leading corporate houses, further solidifying his impact in the business world.<br/><br/>------------------------------------------------------------------------------------------------------------<br/><br/> Website: www.sonusharma.in<br/> Instagram:instagram.com/officesonusharma<br/> Facebook: facebook.com/OfficeSonuSharma<br/> Twitter: twitter.com/OfficeSSharma<br/> LinkedIn: linkedin.com/in/officesonusharma<br/> Telegram: t.me/SonuSharmaCommunity<br/> For Business Enquiries: +91 91513 13101<br/><br/>------------------------------------------------------------------------------------------------------------
⏲ 9:14 👁 20K
The operating ratio is a financial metric that measures a company's operating expenses as a percentage of its total revenue. It provides insights into the efficiency of a company's operations by indicating how much of its revenue is consumed by operating costs. A lower operating ratio generally indicates better operational efficiency and profitability.<br/><br/>The formula for calculating the operating ratio is as follows:<br/><br/>Operating Ratio<br/>=<br/>Operating Expenses<br/>Total Revenue<br/>×<br/>100<br/>%<br/>Operating Ratio= <br/>Total Revenue<br/>Operating Expenses<br/>​<br/> ×100%<br/><br/>Here's a breakdown of the components:<br/><br/>Operating Expenses: These are the expenses directly related to the company's core business operations, excluding non-operating expenses such as interest and taxes. Operating expenses typically include costs such as cost of goods sold (COGS), selling and administrative expenses, and depreciation.<br/>Total Revenue: This represents the company's total sales or revenue generated from its primary business activities before deducting any expenses.<br/>By dividing operating expenses by total revenue and expressing the result as a percentage, the operating ratio shows the proportion of revenue that is used to cover operating costs. A lower operating ratio indicates that the company is able to generate more revenue relative to its operating expenses, suggesting greater operational efficiency and profitability.<br/><br/>Conversely, a higher operating ratio suggests that a larger portion of the company's revenue is consumed by operating expenses, which may indicate lower profitability and efficiency. However, it's important to interpret the operating ratio in the context of the company's industry, size, and business model, as different industries and companies may have varying levels of operating expenses.<br/><br/>Overall, the operating ratio is a useful measure for assessing a company's operational efficiency and cost management. It is commonly used by investors, analysts, and managers to evaluate a company's financial performance and compare it to industry peers.
⏲ 4:11 👁 20K
New Renault Captur will continue to set the standard in urban SUVs, a market accounting for half of all sales in the B-segment, which itself makes up 30% of the total market. New Captur maintains its versatility, two-tone body colours and generous interior space, along with a range of ingenious high-tech equipment. Alongside these qualities, which are all part of its DNA, new-generation Captur gains a range of new features. More expressive inside and out, the styling delivers a unique twist of elegance and sporting spirit with the new Esprit Alpine finish. The cabin is showcased by new upholstery and new dashboard screens. Available depending on the version, the OpenR Link multimedia system with Google built-in provides the very best in on-board technology with Android Automotive 12, a world first in the B segment. The entirely new electronic architecture takes safety to new levels, with a range of latest-generation driving aids including the predictive hybrid driving function and Active Driver Assist, for Level 2 autonomous driving.
⏲ 1:3 👁 20K
Mr. Partha Banerjee Mumbai is a dynamic professional with an extensive experience in managing and launching many projects and operations like B2B/B2G Business Development, Sales & Marketing, Product Launches & Promotions, Channel<br/>
⏲ 0:30 👁 10K
With the help of Ralph DiPiero's skillful methods, explore the world of mastering client connections. Discover how to build enduring connections that will result in consistent sales growth and satisfied customers.
⏲ 0:41 👁 10K
The stabbing deaths of six people at a busy shopping centre in Sydney has sparked calls around the country....to legalise the possession of pepper spray for self-defence. Currently, WA is the only State where it legal to carry pepper spray, but only if the owner has reasonable grounds to feel threatened. Retailers in the state say the demand for the spray has surged since the attacks.
⏲ 2:5 👁 3.8M
Apple saw iPhone sales in China decline 19.1% in the first quarter compared to the same period last year, according to Counterpoint Research. Meanwhile, Chinese tech giant Huawei saw its smartphone sales in the country surge 69.7% year-over-year in the first quarter. Huawei's comeback has directly impacted Apple in China's premium smartphone segment. Huawei launched its new Mate 60 device with advanced 5G connectivity, fueling its sales rebound. Huawei now ranks as the fourth largest smartphone brand in China, putting pressure on Apple in third place.
⏲ 0:37 👁 870K
Big Tech companies like Tesla, Meta, Microsoft, and Alphabet are set to report earnings this week amid growing concerns about their businesses. Tesla shares have fallen 43% year-to-date on weak sales and layoffs, and its earnings on Tuesday will be closely watched. Meta faces questions about costs for its metaverse investments and moderating revenue growth. Alphabet recently restructured teams and fired employees after protests around labor issues and government contracts. Microsoft's relationship with AI startup OpenAI faces fresh scrutiny ahead of its earnings report.
⏲ 0:41 👁 570K
Investors are eagerly anticipating the first-quarter results from mega-cap tech firms, with a particular focus on artificial intelligence. Tesla faces challenges heading into earnings, including declining vehicle sales, controversy over Elon Musk's pay package, and recent layoffs. Google parent Alphabet is expected to see robust YouTube performance and AI monetization improvements. Meta's AI chatbot, Llama 3, has shown impressive performance, and the company's implementation of AI in its ad stack is seen as a significant contributor to growth. Microsoft is gearing up to triple its GPU count in 2024, aiming to stack up 1.8 million AI chips by year-end.
⏲ 0:52 👁 525K
HIRE ANYTHING<br/>We Hire, Sell & Repair (Service) most Types Of Construction, Forestry, Engineering and Do-It-Yourself, Plant & Machinery.<br/><br/>• Contact HIRE ANYTHING staff/office for more information on the product and for more information on what is included in the product…<br/><br/>• RE 80 ELECTRIC PRESSURE WASHER<br/>• RE 90 ELECTRIC PRESSURE WASHER<br/>• RE 100 ELECTRIC PRESSURE WASHER<br/>• RE 120 ELECTRIC PRESSURE WASHER<br/>• RE 125 ELECTRIC PRESSURE WASHER<br/>• RE 130 ELECTRIC PRESSURE WASHER<br/>• RE 150 ELECTRIC PRESSURE WASHER<br/>• RE 170 ELECTRIC PRESSURE WASHER<br/><br/>• Purchase the following items from HIRE ANYTHING<br/><br/>• Location: 21 Rupee Rif, Richards Bay Central, Richards Bay, 3900<br/>• Contact number 1: 035 789 5997<br/>• Contact number 2: 082 655 9698<br/>• Email: sales@hireanything.co.za<br/>• Email: info@hireanything.co.za<br/><br/>• HIRE ANYTHING website: www.hireanything.net<br/><br/>• Developer: Nikiel Kamrajh<br/>www.nexusx.one
⏲ 1:59 👁 85K
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