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Younger People Are Shifting to Secondhand Clothes: thredUP CEO

Jul.23 — thredUP Co-founder and CEO James Reinhart discusses what is behind the boom in secondhand clothing sales. He speaks with Emily Chang on “Bloomberg Technology.”

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Jul.23 — thredUP Co-founder and CEO James Reinhart discusses what is behind the boom in secondhand clothing sales. He speaks with Emily Chang on “Bloomberg Technology.”

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12 Comments

12 Comments

  1. Kitamirike Peter

    July 23, 2021 at 10:46 pm

    Poverty is what is really driving the trend

  2. mrPmj00

    July 23, 2021 at 10:52 pm

    =I bought FAANG stocks (Facebook, Apple, Amazon, Microsoft) Netflix, and Intel, Zoom, …
    ___Disney, Wells Fargo, Boeing, Walgreens, IBM, Chevron, DOW, SIEGY, AT&T for the recovery.
    Warren buffet quotes: It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

    • mrPmj00

      July 24, 2021 at 12:00 am

      @john w Wells Fargo donated ALL the processing fees ($400 million) for distributing the government checks during Covid19, whereas other banks kept

      it as profit.

      %E2%80%9CBy%20donating%20approximately%20%24400%20million,African%20American%20entrepreneurs%20and%20other

    • mrPmj00

      July 24, 2021 at 12:00 am

      @john w I’m a regular working Joe who also invests.
      Well, the returns could be higher but I like to sleep at night
      Overall, I’m up +50% over 1 year since July 2020 so I’m happy.

  3. Enrico Zangari

    July 23, 2021 at 11:04 pm

    Younger people all over the world get paid less. Mini-Jobs and working unpaid overtime is becomming the norm. So poverty is really the driving force behind Second hand.

    • Garrison R

      July 24, 2021 at 6:52 am

      Stop working at mcdonalds maybe.

    • Salentino

      July 24, 2021 at 11:12 am

      @Garrison R even if someone is working at McDonald’s that person should be able to live of the salary they get.

    • Garrison R

      July 24, 2021 at 12:50 pm

      @Salentino Why? Why make someone with no skill comfortable? If they want to live a comfortable live, they should get more skills. When robots take over chains like Mcdonalds, they’ll have no leverage at all because they had no skill.

  4. RJ Santos

    July 23, 2021 at 11:43 pm

    Lol. Happened in the 70’s. It’s called being dirt poor as you try to not wear the same outfit every day. Let’s make being poor sound trendy and new. Assholes

  5. ALBERT

    July 24, 2021 at 12:00 am

    Increase in second hand is an huge hygiene problem in covid era.

  6. hangender

    July 24, 2021 at 1:21 am

    Been shopping at Ross for less all my life. Welcome to the club.

  7. Austin W

    July 24, 2021 at 3:18 am

    TJMaxx and Ross has always been where it’s at

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Bloomberg Technology

Intel Tumbles on PC Outlook, AWS CEO on AI Spending and Growth

Bloomberg’s Ed Ludlow looks at the fall in Intel shares as a bleak outlook exposes the chipmaker’s struggle with a deepening PC slump and difficulty meeting CPU demand. Plus, AWS CEO Matt Garman discusses the cloud giant’s accelerating growth and massive AI buildout. And, Bitcoin tumbles after hackers siphoned off $6.3 billion from Binance in…

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Bloomberg’s Ed Ludlow looks at the fall in Intel shares as a bleak outlook exposes the chipmaker’s struggle with a deepening PC slump and difficulty meeting CPU demand. Plus, AWS CEO Matt Garman discusses the cloud giant’s accelerating growth and massive AI buildout. And, Bitcoin tumbles after hackers siphoned off $6.3 billion from Binance in an attack that rocked the crypto world.

00:00:00 – Bloomberg Tech Begins
00:01:00 – Ian King on Intel Shares Plunge
00:03:41 – JoAnne Feeney, Advisors Capital on Intel
00:09:39 – Poonam Goyal on Amazon drop after earnings
00:13:23 – Dave Baszucki, Roblox CEO on Roblox 3Q Results
00:19:36 – Emily Nicolle on Binance Hack
00:23:37 – Matt Garman, AWS CEO on AWS Growth
00:36:02 – Peter Singlehurst, Baillie Gifford on Anthropic IPO
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Why Anthropic’s AI Edge Appeals to Long-Term Investors

Anthropic’s technical expertise, innovation and efficient use of compute set it apart in the AI landscape, says Peter Singlehurst, head of the Private Companies Team at Baillie Gifford. Singlehurst discusses why Anthropic’s governance structures – giving its seven founders voting control – are good for long-term investors. He joins Ed Ludlow on “Bloomberg Tech.” ——–…

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Anthropic’s technical expertise, innovation and efficient use of compute set it apart in the AI landscape, says Peter Singlehurst, head of the Private Companies Team at Baillie Gifford. Singlehurst discusses why Anthropic’s governance structures – giving its seven founders voting control – are good for long-term investors. He joins Ed Ludlow on “Bloomberg Tech.”
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Roblox Sees AI Content Surge as Daily Active Users Fall

Roblox CEO David Baszucki says the platform has seen an explosion of AI-fueled content in the last three months. But the online gaming company is seeing some growing pains after rolling out tougher child-safety measures, with daily active users falling 9% last quarter, while bookings dropped 12%. Baszucki joins Ed Ludlow on “Bloomberg Tech.” ——–…

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Roblox CEO David Baszucki says the platform has seen an explosion of AI-fueled content in the last three months. But the online gaming company is seeing some growing pains after rolling out tougher child-safety measures, with daily active users falling 9% last quarter, while bookings dropped 12%. Baszucki joins Ed Ludlow on “Bloomberg Tech.”
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