Method Man Is Releasing NFTs and adidas Brought In Over $6 Million USD in This Week’s Business and Crypto Roundup
Method Man Is Releasing NFTs and adidas Brought In Over $6 Million USD in This Week’s Business and Crypto Roundup
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Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before.
HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in-the-know about trends across industries.
Business
1. Amazon is launching two programs to resell overstock merchandise
Amazon is launching two new programs for returned and overstock merchandise in an effort to cut down on its waste. Amazon plans to “net zero carbon by 2040 and 100 percent renewable energy by 2025.”
2. Virgin Galactic has reopened ticket sales for upcoming spaceflights at $450,000 USD each
The company will have three consumer offerings for the private astronaut market, starting at $450,000 USD. Seats were first offered up for $250,000 USD before ticket sales were halted in December 2018.
3. adidas brought in over $6 million USD in revenue in Q2
The company brought in €5.077 billion EUR, roughly equivalent to $6 billion USD in the second quarter this year. It also recorded a 55 percent growth in revenue.
4. Elon Musk was the highest paid CEO in 2020
Musk’s was compensated roughly $6.6 billion USD last year, according to the Bloomberg Pay Index. Musk has yielded about $33 billion USD in gains, earning him the title of highest-paid U.S. CEO for the last three years.
5. Shopify opened its first multi-purpose space in NYC
Shopify New York offers workshops, networking, consulting and tools to facilitate creative ideas and projects for small business owners. The two-story, 8,000 square-foot space brings to life the platform’s thriving community of merchants and local business.
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