Third Wave Fashion // OCTOBER 2013 // THE PRIVACY ISSUE | Page 16
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BUSINESS
500 MILLION USERS AND GOING PUBLIC
Twitter, valued by private investors at $10 billion, filed an IPO despite the Facebook IPO flop.
With 500 million users, the company is predicted to post 40 percent annual growth at a $1
billion annual revenue run rate. Big time. - FASHINVEST
MICROSOFT TEAMS WITH NOKIA TO TAP SMARTPHONE INDUSTRY
In a tech “megadeal”, Microso and Nokia have agreed to join forces to become the third giant
contender in the smartphone industry. Considering Nokia’s lack of presence in the smartphone
era, and Windows newest smart technology, the agreement has the potential to to boost both
brands in an industry currently controlled by Apple and Samsung. - NY TIMES
AMERICA’S RETURN TO TEXTILES
Innovations in automated manufacturing are beginning to bring the textile industry back to
America. With companies like American Giant leading the way, production costs are being
driven down by improved turnaround times and lower labor costs. - NY TIMES
LIVINGSOCIAL CREATES A STEADY FLOW
Boasting stronger analytics tools and better engagement opportunities, LivingSocial looks to
develop stronger partnerships with merchants. In a slight shi from the “one-time rush,” the
company hopes to become a true destination for deal hunters. - MASHABLE
SAKS NEW PRESIDENT MARIGAY MCKEE
Marigay McKee, Harrod’s chief merchant, has been selected as president of Saks aer Hudson’s
Bay’s $2.4 billion acquisition of Saks is complete. A 14-year veteran of Europe’s largest
department store, McKee will maintain the company’s identity aer the acquisition. BUSINESS OF FASHION
JOYUS’ $15 BILLION OPPORTUNITY
e San Francisco based video commerce company
acquired LA-based Kingmaker, providing Joyus a look
at the $15 billion TV shopping category. - PANDO
DAILY
A NEW PIECE IN T WIT TER’S DIGITAL
ADVERTISING PIE
Twitter purchased MoPub in its search to develop a
stronger advertising platform. e addition of the
mobile focused advertising exchange allows publishers
to manage ads in a single product. - VENTURE BEAT
AUCTION CLOSED ON NEIMAN MARCUS
e purchase of Neiman Marcus is the second major
Canadian acquisition of the summer. e retailer was
purchased for $6 billion by Ares Management and
Canada Pension Plan Investment Board, which will
own equal stakes in the company. - FASHIONISTA
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