Shein, the Chinese fast fashion company popular in the US, recorded $32.2 billion in sales. To give you a sense of scale, Zara’s sales came in at $28 billion, and H&M’s at $22 billion.
Under EU regulations, Shein will face more scrutiny alongside companies like Amazon. Shein is expected to go public in the US this year.
Dorsey donated 14 Bitcoins to Nostr’s anonymous founder in 2022. That founder is Giovanni Torres Parra, according to Business Insider. Parra is a devotee of “far-right conspiracy theorist Olavo de Carvalho,” who “claimed that Pepsi-Cola was flavored with stem cells of aborted fetuses.”
Keith Gill, the same Redditor who sparked a frenzy in 2021 has returned, and the stock is spiking again. The WSJ reports that in addition to E*Trade’s discussions, SEC officials are having “internal discussions” about whether the new posts amount to manipulation.
Meanwhile, Gill posted another screenshot this afternoon showing an account with shares and options now worth $260 million.
Zoom founder Eric Yuan has big ambitions in enterprise software, including letting your AI-powered ‘digital twins’ attend meetings for you.
Following months of merger rumors, CNBC reports that Paramount and Skydance have finalized an agreement that it will announce in the “coming days.” Shari Redstone, the head of Paramount’s parent company National Amusements, still needs to sign off on the deal.
