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_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.")
_con-derecho-a-roce-clip-3-124-sony-pictures-espaa.webp "Sony Pictures España")
_amber-run-i-found.webp "Amber Run Official")
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⏲ 2 minutes 25 seconds 👁 467.1K
_xxx-video-english-movie-video.webp "Saddam Husain")
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⏲ 2 minutes 39 seconds 👁 44.8M
![On April 18, 2014, NASA's Lunar Atmosphere and Dust Environment Explorer, also known as LADEE, ended its mission by crashing into the moon. [‘On This Day in Space’ Video Series on Space.com]<br/><br/>LADEE had spent seven months orbiting the moon and studying its exosphere. The exosphere is a thin layer of gas that's kind of like an atmosphere, but the molecules are more spread out and are definitely not breathable. LADEE conducted a lunar dust experiment in which it collected and analyzed the dust particles floating around in the exosphere. This experiment was intended to help NASA solve the mystery behind the faint glow Apollo astronauts reported seeing on the lunar horizon. LADEE discovered neon in the exosphere, but it wasn't enough to account for the glow, and the mystery remains unsolved. When LADEE ran out of fuel, NASA intentionally crashed it into into the lunar surface. It was traveling 3,600 miles per hour during the crash and created a crater almost 10 feet wide.](https://cdn3.mypornvid.fun/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KBUEdYGSwBSMbryAHH08jIv9-ZwDjXFfbXR15HT9loyMcMP5zqJ-cK3tlAQN5v7P/(MyPornVid.fun)_otd-in-space-april-18-ladee-crashes-into-the-moon.webp "On April 18, 2014, NASA's Lunar Atmosphere and Dust Environment Explorer, also known as LADEE, ended its mission by crashing into the moon. [‘On This Day in Space’ Video Series on Space.com]<br/><br/>LADEE had spent seven months orbiting the moon and studying its exosphere. The exosphere is a thin layer of gas that's kind of like an atmosphere, but the molecules are more spread out and are definitely not breathable. LADEE conducted a lunar dust experiment in which it collected and analyzed the dust particles floating around in the exosphere. This experiment was intended to help NASA solve the mystery behind the faint glow Apollo astronauts reported seeing on the lunar horizon. LADEE discovered neon in the exosphere, but it wasn't enough to account for the glow, and the mystery remains unsolved. When LADEE ran out of fuel, NASA intentionally crashed it into into the lunar surface. It was traveling 3,600 miles per hour during the crash and created a crater almost 10 feet wide.")
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_charli-xcx-boom-clap-the-fault-in-our-stars-soundtrack-official-video.webp "Charli XCX")
⏲ 2 minutes 58 seconds 👁 222.8M
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