Online secondhand marketplace ThredUp is adjusting its marketing tactics while navigating a “K-shaped” economy. The company reported quarterly earnings Wednesday (Aug. 5) showing revenues of $90.8 million, up 17% from the same quarter last year. New buyers were up 13%, making it the strongest quarter on record for new...
For Chime Financial, direct deposit is proving to be the underwriting and repayment infrastructure for a growing lending business. That connection was clear in second-quarter results released after the markets closed Wednesday (Aug. 5). Instant Loan originations rose nearly 70% from the prior quarter to...
Block drew plenty of attention earlier this year when CEO Jack Dorsey announced plans to cut roughly 40% of the company’s workforce and put artificial intelligence at the center of its operations. The move made Block one of the most closely watched tests of a...
Despite its status as a founder of the category, eBay has traditionally been viewed by the rest of eCommerce’s tech platforms as the industry’s red-headed stepchild. It was profitable but often viewed as a mature marketplace overshadowed by Amazon’s logistics network, Shopify’s merchant ecosystem and...
Toy-based films and adult collectors helped drive Mattel’s growth in the second quarter, Mattel Chairman and CEO Ynon Kreiz said during a Tuesday (Aug. 4) earnings call. Mattel’s net sales were 10% year over year in the second quarter, the global play and family entertainment company reported in a...
The agentic shopping shift is most visible at Shopify. Artificial intelligence (AI)-referred traffic to Shopify stores tripled year over year in the second quarter, and orders through those AI channels tripled right along with it. New buyer orders from AI channels are arriving at nearly...
Toast’s latest earnings suggest the restaurant technology company is entering a new phase. For years, the company focused on adding more restaurants to its platform and growing payments volume. This quarter, management made a different case: Toast believes artificial intelligence (AI) can deepen customer relationships,...
Circle’s latest earnings suggest USDC is beginning to separate from the crypto cycle just as autonomous software agents create a potentially new market for digital payments. But the company’s second quarter 2026 earnings call Wednesday (Aug. 5) exposed the central tension in its evolution from...
Digital lender Upstart saw loan originations jump 50% as it prepares to launch its bank. The company reported earnings Tuesday (Aug. 5) showing revenues of $365 million, a 42% increase over the same quarter in 2025. Loan originations came to $4.2 billion, with Upstart originating a record 558,000. During...