Reddbubble cofounder Martin Hosking is back as CEO of the creative products marketplace for a third time following the resignation of Michael Ilczynski amid a plunging share price and a push to be cash flow positive. Hosking, now 62, was CEO from 2010 to 2018, then returned to the role in 2020 after his replacement… Read more »
Happy humpday. We hope you’re being paid the right wage. 1. WiseTech shares smashed (again) as it blames coronavirus for revenue downgrade Shares in Sydney-based logistics company WiseTech (ASX: WTC) are being smashed today after the company downgraded its revenue and earnings forecasts for the second half of FY2020, blaming coronavirus. The company… Read more »
It’s Thursday. And Redbubble’s probably looking forward to the weekend more than most. 1. Bubble bursts Just seven weeks ago, ASX-listed online marketplace Redbubble (ASX: RBL), which sells t-shirts, mugs and art by independent artists, was on a high, announcing a 37% revenue jump for Q1 FY20, and massive turnaround in its profitability on 12… Read more »
Redbubble CEO Barry Newstead. Photo: supplied ASX-listed online marketplace Redbubble, which sells t-shirts, mugs and art by independent artists, has seen its revenue jump 37% to AU$70 million in the first quarter of FY2020, posting a massive turnaround in its profitability on 12 months ago. Shares in the business (ASX: RBL) have doubled in value… Read more »
Melbourne-based online art marketplace Redbubble has raised $15.5 million in its latest capital raise, with the company looking to use the funds to push its international expansion.
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