Amazon now produces its own toys, and Mattel and Hasbro saw their stocks dip a combined 4% upon hearing the news.
Amazon ‘R’ Us: Amazon now makes its own toys. Will it kill off toy stores?
Amazon started producing its own toys under its AmazonBasics private label, stepping into the giraffe-sized hole Toys ‘R’ Us left in the American toy market.
Private-labeling, Amazon’s next step on its march to ultimate e-commerce efficiency, sent shivers down the spines of toymakers from Mattel to the North Pole. But what would a future without toy stores look like?
The next chapter in Amazon’s playbook
We all know how the story starts: Amazon targets an industry, undercuts existing sellers until they fold, and adds the leftovers into its marketplace (RIP Borders, Tower Records, Circuit City, Sears…).
Amazon started private labeling in 2009 with AmazonBasics. But it’s only recently taken off: The number of Basic items for sale jumped from 252 in 2013 to more than 1.5k in 2017.
Lydia rolls out new tools to let borrowers open lines of credit in a matter of seconds
Techcrunch reports that French fintech startup Lydia will partner with Banque Casino today for ‘micro’ credit lines. As of today, Lydia users in France will be able to borrow as much as €1k ($1,131 USD) in a matter of seconds.
Back in February, the company secured a $14.7m (€13m) funding round to help fast-track cashless payments in Europe. This may be an outcome.
WHO IS SHE
Lydia started as a peer-to-peer money transferring app, but, as with most payment apps, it was only a matter of time until Lydia offered credit. How the heck else are they gonna make money?
The credit feature lets you borrow between €100 and €1k, allowing users to reimburse that credit line over 3 months.
The main differentiator is convenience
Classic. Lydia gives users the option to get their money instantly for a fee, or wait a few weeks and waive that sucker.
Seems like a financial disaster waiting to happen — but, let’s hope the people lookin’ for a quick hit are actually good for it.
The Riveter raises $15m for its female-focused coworking space
The Riveter, a women-focused coworking space, raised a $15m Series A to expand beyond the US West Coast — one of several coworking spaces attempting to differentiate themselves from WeWork with programming tailored specifically to women.
A company with big ambitions for women with big ambitions
Founder Amy Nelson launched The Riveter in 2016 as a workspace to empower all people, particularly women and people marginalized in traditional business settings (25% of members aren’t women).
Since then, The Riveter has grown to 5 locations in the Seattle and Los Angeles metro areas that accommodate more than 2k members. The Riveter plans to open 8 new locations in 2019 and 100 locations by 2022.
The future (of coworking spaces) is… fluid
“I don’t think the future is female, I think the future is fluid,” Nelson explains. “Gender is becoming an outdated idea, but at the same time, it’s important to think of women when we build these spaces.”
The Riveter is not the only coworking space thinking of women: Competitors Hera Hub, Quilt, and The Wing (which has raised $42.5m) also offer female-focused networking support, workshops, and amenities.
As WeWork (which is valued at $35B) continues to expand, competitors need to double down on their advantages (feminine and otherwise) to stay competitive.