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“I win, you win, we win.” The year of Vinted, the phenomenon of online buying and selling – Observer

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"I win, you win, we win."  The year of Vinted, the phenomenon of online buying and selling – Observer

“A few days later, I went to a welcome party where the co-founder of Vinted was, it was two in the morning, and he was talking about my addiction.” The fruit of this conversation? They decided to create a digital platform where people could do download what they want to sell. It took two weeks to see her entire closet online, ready to be emptied. “It has been a success since launch. Things grew every ten minutes. What we did was send an email to my friends asking them to spread the word. Two hours later, everyone started calling us, asking for an interview, ”he explained in his speech.

For two years, Milda managed to keep his original work, while accumulating it. hobby after work, on a voluntary basis. Only later did they realize that they could embark on a global project. When the phone rang and a large, interested investor answered on the other end of the line, everything went according to this expansion scenario. “We decided to take a step forward”. Coming in 2021, “we are on our mission to make second-hand fashion in the first place worldwide,” guarantees the public relations manager for Southern Europe. “We are planning to enter new markets in Europe and are constantly working on our product and propose to make it even easier for our members to use and access.” Eleonora Porta also recalls that Vinted recently launched a new donation feature across all of its markets, which allows the community to make donations and support humanitarian work in Ukraine in an easy way, raising more than 800,000 euros in donations, for example.

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Like founder Milda, for Rita, the release of Vinted, available for Android and IOS, was a safe bet when faced with a relocation scenario. “When I packed my clothes to take to my new apartment, I realized that I had too much. When I moved, I found a lot of things that I no longer wore and that were in good condition.so I decided to give Vinted a try to make some money and also save some drawer space. Some friends have already used the app and had a good experience, so I decided to give it a try.” The relationship with the app dates back to February. I started by using it exclusively for sale, for about two months I didn’t even see what I could buy. “Until one day I looked and stopped, the offer is huge and actually with patience we found a few things that are worth it,” he notes, acknowledging that relationships can get very exciting and that he was already thinking about ” delete” application. “However, I bought a dress that turned out to be huge. I got angry. And a jacket, which I hope will be the right size.

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At least twice a week, she researches what’s new, looks for brands she likes, and keeps an eye on sizes and status filters to ensure the most suitable pieces show up soon. “I’m doing very focused research so I don’t get lost and distracted by very cheap stuff that isn’t really that different from what I already have. I use Vinted as a vintage store, looking for good value items and good brand items in good condition and at a more affordable price.“.

The process, he says, is simple, with the qualifications of users helping to determine whether they are reliable sellers, but there are also those who take too long to answer, ask too exhaustive questions before buying, submit low-quality photos, or are worried. with values ​​so low that the compensation is severely reduced. “Sometimes it’s not easy to sell clothes, because the truth is that we have to drive to deliver a package that the seller also buys. If a work costs two euros, it does not compensate for the lost time.. And sometimes the cards don’t work,” adds Rita, recalling the episode in which she bought an item that wasn’t on the show. “My card didn’t work on the app, I tried to buy pants five times already and it didn’t work, so I thought it didn’t work with any product. The next day I saw a skirt that seemed interesting to me and decided to try the card, of course it wouldn’t work, but it did. I bought the clothes by accident, I was lucky that I liked them.”

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Accounts are made, to date he has earned about 200 euros from the sale and spent 95 euros on acquisitions. The biggest investment was a vintage Chloé coat that arrived from France in a package that was worth the purchase in itself.. “It came in a huge box with pom poms inside and a thank you card.”

Impulse shopping? Yes, but relatively under control, he claims, as with the dress, which has been a favorite for several weeks and which he visits regularly to see if the price has dropped. “One morning, all of a sudden, I thought I was still sleeping, so I opened the app and bought it.” There may not be much clarity or energy to negotiate during the early hours of the day, but there is no shortage of trading advice at other times. Rita’s advice is to keep the photos neat if you want to do better, and to always set a price higher than what you want to sell so there’s room for negotiation. “Before you buy, try to make an offer to the buyer, usually you can lower the price of parts a little,” he advises.

“It’s like a second job,” says Ana, who has not yet mustered up the courage to embark on this multi-step process. “I have three bags of clothes ready to ship, but I’m just thinking about what I’ll have to do…. Once a friend was late to the beach because she spent twenty days. come? “Yes, he will come,” he confirms. This is the case when it is said that habit may not make a monk, but at least it has already given rise to a verb that many good people conjugate all the time, like a part-time job on the sidelines of work. For the avoidance of doubt, spending a day “vintar” means that this journey will be occupied by the finer points of Wynted, such as sorting boxes, photographing items we want to get rid of, packing items, and shipping orders. “She advised me to ask my boyfriend to take a picture of me in clothes because it pays more. The relationship must have already ended because of this…” he jokes.

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Economy

What factors impact financial markets?

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The global financial markets are now hugely complex, with traders and analysts around the world looking closely for signs of movement. What are some of the most important factors to be aware of that impact the financial markets?

Geopolitical events

With news breaking from different countries throughout the day, many different stories could affect the markets on any given day. For instance, economic indicators such as the European Central Bank’s inflation rates and gross domestic product numbers released by each country can determine which direction the markets take. Stocks, currencies and other financial instruments can all vary depending on these areas.

Major events such as war breaking out, natural disasters and elections also have an effect. When we look at the commodities market, climate change is an issue to bear in mind, with unusual weather sometimes causing scarcity or abundance of a certain product.

An interesting aspect of the modern financial world is the way that the different markets are linked. This means that any important event or news story that affects one area could easily affect another, even if the link isn’t obvious at first sight. We can also see how local shocks and events can quickly have an effect at a global level.

The financial crisis of 2008 is a good example, as it started with a serious downturn in the US housing market. Although this appeared to be a localized issue at first, it soon revealed some major issues with the global banking setup that caused problems around the planet affecting millions of people and diverse industries.

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Speculation and investment trends

The previous factors all point toward the markets changing, and there’s no shortage of traders around the world waiting to see what happens next and how they can benefit. This means that we need to take into account other issues such as speculation and investment trends in the markets.

Armed with a variety of tools, including candlestick charts, traders try to identify trends such as support and resistance levels. They use the information they glean from the charts to make their moves, which can influence the general market if enough people make the same moves or if the amounts involved are significant.

Once an investment trend begins, it can have a knock-on effect that would have been impossible to predict at the outset. The example of Bitcoin and other cryptocurrencies shows how something that starts small can grow impressively. Cryptocurrencies have now gained enough mainstream appeal to influence and disrupt many industries, from healthcare to gaming and banking.

It’s important to understand how the leaders of a company operate and how they have faced challenges in the past. If we look at banking and the Bank of New York Mellon in particular, we can see that its history can be traced back to 1784, so it has overcome all the major events that have occurred since then. With some of the biggest names in the business world making up its key institutional investors, this is a company that we would expect to react effectively to changing markets.

Regulatory changes and company results

Just about every industry represented in the financial markets has laws and regulations that govern it. This means that the fear of harsher new laws is an almost constant threat. Meanwhile, the hope that beneficial changes to the regulations help businesses prosper is the other side of this matter that investors keep a close eye on.

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Let’s not forget the role played by the profit and loss results produced by major companies. It’s clear that these results have an almost immediate effect on their stock prices. However, we should also bear in mind that this effect can reach other areas of the economy. A surprising set of results for a large business can produce shock waves that travel around the market.

What impact do they cause?

From the wide variety of examples that we’ve looked at here, it’s clear that the impact isn’t going to be the same in every case. While one set of circumstances might snowball and cause a huge impact, another might cause a limited impact before the news disappears as other events overtake it.

Having said that, one of the key issues that they cause is a higher degree of market volatility. We can see how this works by looking at an area such as the COVID-19 pandemic in 2020. The markets became a lot more volatile as the different aspects of the pandemic became clear. Streaming companies, healthcare companies and video conferencing technology firms made huge profits, while airlines and hotels were among those to lose out massively.

Working out the overall impact of a particular situation is almost impossible to do now. With so many traders looking over the latest news stories and numbers with advanced tools, the original impact can quickly grow or simply disappear. Therefore, the key for investors is to understand emerging trends and react to them before it’s too late.

These details reveal how complex the global financial market is now. It’s a fascinating world, and with more information at our fingertips than ever before, it’s something that anyone can start to research and understand in their own way.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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