Double Trouble for Appen and Redbubble
Carnage on and off the trading screens for both data / AI techie Appen and e-tailer Rebubble, with cost- and job-cutting the order of the day.
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Redbubble Limited
RB Group hosts three‑sided global online marketplaces where independent artists upload their designs and creative works for sale on a range of products. When a customer places an order, the product is produced on demand and shipped by a fulfilment partner within RB Group’s global third party supply network.
More than 800,000 independent artists currently use the RB Group platforms. Artists have earned more than $100 million through sales across both marketplaces since their launch. RB Group has also partnered with a number of rights holders to build a portfolio of licensed fan art, with a strong pipeline of partnerships to come.
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News
Weak Sales Update Sees Redbubble Popped Again
Another less than inspiring market update on Wednesday from online retailer Redbubble saw its shares sold off for the umpteenth time in the past couple of years.
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Redbubble Forever Blowing It
Yet another disappointing trading update from online retailer Redbubble saw the company’s shares hammered more than 20% in Tuesday’s trading session.
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Red Ink, Bubble Bursts for Local E-tailer
Shares in online retail and art marketplace Redbubble slumped more than 22% after the company reported a number of “key misses” in a third-quarter trading update.
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Online Retail Boom Inflates Redbubble Marketplace
Another solely online business in custom goods marketplace Redbubble has had a good pandemic. Redbubble told the ASX yesterday that it made a very strong start to the 2021 financial year, with the retailer revealing both revenue and profit doubled in the three months to the end of September.
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