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_jontay-porter-banned-for-life-for-gambling-on-games.webp "Jontay Porter Banned for Life for Gambling on Games from gambling【gb999 bet】 douj")
_always-press-your-damn-bets-casino-blackjack-gambling-comedy-betting-skit-degen-relatable.webp "Degen Dalt")
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_winning-sports-betting-explained-step-by-step.webp "Unabated")
_nfl-mvp-discussion.webp "The Daily Tip crew dives into their 2024 NFL MVP Picks.")
_las-vegas-sucker-bets.webp "TheJameezy")
_a-fan-decides-my-36100-bet-casino-shorts.webp "Casino King")
_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.")
_our-most-insane-bets-on-mines.webp "Toaster Originals")
_this-is-backup-magic.webp "VegasLowRoller")
_monday-night-football-best-bets-chiefs-vs-bills.webp "Joshua Brisco joins the Sports Illustrated Fantasy and Gambling crew to pick the best bets in Monday Night Football's first matchup between the Kansas City Chiefs and Buffalo Bills.")
_iraqi-dinar-its-happening.webp "Melanie Hinds")
_omg-it-worked-36100-into-10-slot-machines-in-vegas.webp "Lady Luck HQ")
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