Clothing subscription company Stitch Fix on Tuesday will announce its first earnings report since going public in November. Zoe Henry, Reporter at Inc. Magazine, joins The Long and The Short to give her predictions on the much-anticipated event.
Stitch Fix has a lot of competition in the clothing and retail industry, but Henry says she's mainly focused on user growth. When the company went public in November, it reported a customer base of 2.2 million. Henry is hoping that number can increase to show consistant interest from consumers.
We also need to talk about the elephant in the room: Amazon. It launched its "Amazon Wardrobe" service this year. Henry talks about the technology and data behind these personalized wardrobe companies and how creating the right algorithm can make or break your company.
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
