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Bird Overstated Revenue For More Than Two Years

socalTECH

Santa Monica-based Bird said last week that it had overstated its revenues for more than two years, by recognizing unpaid customer rides as revenue. According to Bird, its financial reports from the first quarter of 2020 through the second quarter of 2022 should "no longer be relied upon".

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7 Key Factors Obscure Your Customer Acquisition Costs

Startup Professionals Musings

As a business consultant and angel investor, I often ask for your own assessment of marketing ROI , or customer acquisition cost (CAC). Leaders and investors need to know if you have and are tapping into your key sources of relevant data, including web analytics, sales management data, and customer relationship management (CRM) software.

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TikTok Hopes Startups Can Breathe Life Into Its Shopping Struggles

Tech.Co

Live Shopping is an integral part of the “social commerce” phenomenon – a general term for ecommerce experiences within which customers don’t even have to leave social media platforms to buy items – but other tech companies like Meta, as well as TikTok, have struggled with it in the US and Europe so far. Please fill in your email.

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Down bad

TechCrunch LA

. — Alex Cohen (@anothercohen) June 18, 2022. — Molly White (@molly0xFFF) June 16, 2022. Crypto lending protocol Celsius isn’t fire burning, but it did freeze all customer withdrawals this past weekend , citing concerns about its own liquidity amid “extreme market conditions.” How much worse will things get?

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Buy Now, Pay Later Service Affirm Is Teaming Up With Stripe

Tech.Co

Starting today, customers using the Stripe payments system to buy their items at a retailer will have Affirm's “Adaptive Checkout” feature available to them. For purchases between $50 and $30,000, any eligible customer will be able to split their costs over multiple payment installments on either biweekly or monthly schedules.

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10 Business Model Components Required In Every Plan

Startup Professionals Musings

You can’t succeed in business without an operational model that delivers value to customers at a reasonable price, with an underlying cost that allows you to make a profit. A target market is the group of customers that the startup plans to attract through marketing and sales their product or service. Target market. Sales/Marketing.

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8 New Business Keys To Success For Real Entrepreneurs

Startup Professionals Musings

In my view, starting a new business has never been easier, and according to reports from the Kauffman Foundation , the numbers are here to show it. They helped create over 5 million new businesses in 2022, a forty percent increase over the previous year. Building a minimum viable product, with customer validation.