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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

Anthropic Gets A Warning, SpaceX Shares Fall on Fourth Day | Bloomberg Tech 6/17/2026

Bloomberg’s Ed Ludlow discusses US Commerce Secretary’s warning to Anthropic that it needs government permission to grant foreign nationals access to the company’s most advanced AI models. Plus, after three days of soaring, SpaceX shares come back down to Earth and drop for the first time on the company’s fourth trading day. And, Bloomberg reports…

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Bloomberg’s Ed Ludlow discusses US Commerce Secretary’s warning to Anthropic that it needs government permission to grant foreign nationals access to the company’s most advanced AI models. Plus, after three days of soaring, SpaceX shares come back down to Earth and drop for the first time on the company’s fourth trading day. And, Bloomberg reports Apple’s upcoming camera-equipped AirPods will launch in late 2027 as part of a flurry of new releases.

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00:00:00 – Bloomberg Tech Begins
00:01:43 – Mike Shepard, Bloomberg News
00:04:22 – Kailey Leinz, Bloomberg News
00:07:21 – Uday Cheruvu, Harding Loevner
00:13:22 – Antonio Neri, HPE President & CEO
00:20:06 – Carmen Reinicke, Bloomberg News
00:23:59 – Michael Regan, Bloomberg News
00:26:38 – Mark Gurman, Bloomberg News
00:32:29 – Dan Roelker, Observable Space CEO
00:38:57 – Mackenzie Lystrup, Peridot Services
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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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Orbital Data Centers Face Real Challenges, Says Peridot

Makenzie Lystrup, principal consultant at Peridot Services and former director for the Goddard Space Flight Center, NASA’s primary hub for building and operating scientific satellites, says energy and heat present real challenges for orbital data centers and SpaceX ambitions. She joins Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on…

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Makenzie Lystrup, principal consultant at Peridot Services and former director for the Goddard Space Flight Center, NASA’s primary hub for building and operating scientific satellites, says energy and heat present real challenges for orbital data centers and SpaceX ambitions. She joins Ed Ludlow on “Bloomberg Tech.”
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Challenges for Radio Communication in Space

Elon Musk wants to put data centers in space starting in 2028, but space presents challenges for compute, including communication between satellites and the ground. Dan Roelker, former head of software engineering at SpaceX, set out to address this problem when he co-founded Observable Space. He joins Ed Ludlow on “Bloomberg Tech.” ——– Like this…

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Elon Musk wants to put data centers in space starting in 2028, but space presents challenges for compute, including communication between satellites and the ground. Dan Roelker, former head of software engineering at SpaceX, set out to address this problem when he co-founded Observable Space. He joins Ed Ludlow on “Bloomberg Tech.”
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