Remove Math Remove Profit and Loss Remove Retail
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Facing Tougher Times, Prosper Marketplace Is Making Deep Staff Cuts

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Changing market conditions (and some higher-than-expected default rates) have changed the math and softened investor interest some. billion in it last fundraising round last year, as of yet, the firm has not actually been profitable. And though Prosper was valued at $1.9 billion to $6.1 that online lenders don’t have by design.

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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

PYMNTS

Now why, you might ask, would the biggest retailer in the world buy an eCommerce site that was facing a mega cash crunch in December and had to raise a whopping $550M just to keep the lights on? It wasn’t because it has the secret to running a profitable eCommerce site or success in monetizing memberships a la its CEO’s alma mater, Amazon.

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Transcript: Kristen Bitterly Michell

Barry Ritholtz

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. I — I loved math, but really, I was going to go down that literature route more than anything else and — and study Spanish literature.

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Will Members-Only Bed Bath & Beyond Be Able To Compete With The Coupons?

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Coupons were retail’s low-tech discounting solution in a world with Groupon, promo codes and Prime Day. In a retail reality where everything is always on sale, coupons were the clever method by which brick-and-mortar shops drew in customers with deals. This is the conventional wisdom.

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Henri Bendel Shutting Down After More Than 100 Years In Business

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The company plans to focus on its other retailers, including Victoria’s Secret and Bath & Body Works. “We Once it was taken over by L Brands in 1985, the retailer began focusing solely on handbags and accessories. The MATH doesn’t add up,” Jefferies analyst Randal Konik wrote in a note to clients. L Brands reported $12.6

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Transcript: Dominique Mielle

Barry Ritholtz

By ’08 and ’09, look, there were bankruptcies everywhere in every industry from retail to telecom. It’s a matter of making better decisions and being more profitable. That’s an amazing lesson in life, right, to take failure and losses as business as usual. MIELLE: Yeah, that kept — RITHOLTZ: Which is crazy.

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Transcript: Mike Green, Simplify Asset Management

Barry Ritholtz

00:03:14 [Mike Greene] So that was actually an outgrowth from my experience coming out of Wharton and you mentioned the, the, you know, the transition of people who tended to be skilled at math or physics into finance. So the actual source of profitability in that trade is not the level of the vix, but the shape of the vol surface.