Sunday, January 8, 2023

The economic downturn is hurting the creator economy, one of the most-hyped sectors of the past decade, in particular since its middle class hasn't yet emerged (Alex Kantrowitz/Big Technology)

Alex Kantrowitz / Big Technology:
The economic downturn is hurting the creator economy, one of the most-hyped sectors of the past decade, in particular since its middle class hasn't yet emerged  —  We're seeing the truth about one of the most-hyped sectors of the past decade.  —  After years of hype, the Creator Economy is slamming into reality.



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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...