TNB Tech Minute: Shopping Marketplace Whatnot Nearly Doubles Valuation in Less Than a Year
Summary
WhatNot’s valuation surged to $20 billion following a $545 million funding round, driven by record gross merchandise volume and user growth in its live shopping marketplace. Meanwhile, Lyft’s bike-sharing division reported its strongest second quarter, breaking usage records across six U.S. cities. In labor news, the data center boom sustained construction hiring, with the sector adding 22,000 jobs in July despite broader declines in overall construction spending.
Topics discussed
Chrome Enterprise security features ad
TNB Tech Minute introduction
WhatNot valuation hits $20 billion
Lyft bike-sharing business growth
Data center boom boosts construction jobs
Outro and Chrome Enterprise ad repeat
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