Virgin Atlantic bankruptcy distracts from the growth of Richard Branson’s Virgin Galactic Although Virgin Atlantic attributes its downfall to the pandemic, its liquidity issues predate the virus. In 2018, the airline reported a $75 million loss on revenue of $3 billion. Steven Lerner 8.10.20 3:45 PM Markets
This startup is helping small businesses compete with giants like Amazon Privy wins whenever ecommerce wins. And boy, is ecommerce winning. Danny Konstantinovic 7.31.20 9:37 PM Tech
Rental or resale? The pandemic might kill Rent the Runway, but Depop will thrive Clothing subscription services are losing to online thrift shopping. Jael Goldfine 7.31.20 1:55 PM Innovation
L’Oreal shuttering Clarisonic is a cautionary tale and opportunity for beauty brands Clarisonic, the brand behind the popular skincare cleansing device, is shuttering operations. LOreal, the parent company, cited a need to “focus its attention on its other core business offerings.” But data shows LOreal’s troubles go beyond a fancy face brush. Steven Lerner 7.29.20 8:50 PM Markets
Trying to get in on the FinTech gold rush? Don't, says Birch co-founder Alex Cohen. FinTech is white hot right now, but expert Alex Cohen says it's best for entrepreneurs to stay far, far away Danny Konstantinovic 7.27.20 6:00 PM Tech
How air carriers are handling the pandemic, from flyover stunts to mass layoffs Airlines are struggling with their public image amid layoffs, reduced services and questionable PR initiatives. Only time will tell if their trajectory will improve or if the worst is yet to come. Andrew Hirschfeld 7.24.20 3:03 PM Markets