Ann Gehan

Startup investors have been scurrying lately to come up with new ways to turn their investments into cash, given that the conventional paths to cashing out—the startup goes public or gets acquired by a bigger tech firm—are much harder to pull off nowadays. Some investors are hoping private equity firms snap up their companies. Others are trying to find willing buyers for their stakes in the secondary markets.

Stitch Fix shares dove 18% in after-hours trading Tuesday, after the online styling service said that revenue fell for a third straight year and CEO Matt Baer said it could take the company until 2026 to restart growth.For its most recent fiscal year, which ended Aug. 3, Stitch Fix reported $1.34 billion in revenue, a 17.4% drop from the previous year. The company’s number of subscribers who

Logistics company Flexport is making fresh job cuts and will sublease excess warehouse space to overhaul the money-losing fulfillment business it acquired from Shopify last year, according to a memo to staff on Wednesday.

Dave Clark. Photo via Flickr/U.S. Dept. of Homeland Security.

Pie, an app for hosting and finding group activities started by Bonobos co-founder Andy Dunn, is taking a page from the creator economy to promote events in the real world.

Earlier this year, when healthy-bagel startup BetterBrand was looking to raise more capital, things seemed to be going well. The firm told investors revenue was on track to roughly double this year, and it was expanding into Europe.

As TikTok’s U.S. shopping service enters its second year of operation, the ByteDance-owned company has become stingier about wooing online merchants with cash. TikTok has cut back on subsidizing deep discounts for retailers, a tactic it used last year when TikTok Shop launched, and has tripled its cut of sales to 6%.

Last summer, online cookware brand Made In saw customers’ requests for refunds nearly double in terms of dollar value in just a month. Soon after, instead of returned merchandise, empty envelopes and boxes filled with junk, like plastic toys, began to show up at Made In’s fulfillment center.

The European Commission is set to launch a formal investigation into Temu, Bloomberg reported Wednesday. The EU on Oct. 11 requested Temu share information on how it addresses and prevents the sale of counterfeit, unsafe or illegal products on its site, and Temu’s responses did not sufficiently address the commission’s concerns, the report said.The investigation would be part of the EU’s

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