Letgo's Plan for Profitability
Free Clips
•
1m 41s
Letgo is the second fastest growing smartphone app in the United States, according to ComScore. Alec Oxenford, the company's co-founder, says the app originally used advertising for user acquisition but is now shifting focus to creating a stable and growing community to drive growth further. Letgo helps people find local buyers of goods with just the snap of a camera. Since it launched two years ago, it has already reached more than 75 million downloads. Oxenford says the company is exploring new revenue streams, including a premium model.
Up Next in Free Clips
-
Why John Tuttle Is Optimistic About T...
John Tuttle, Head of Global Listings at the New York Stock Exchange, stops by the Cheddar desk. Logistics firm, BEST Inc. and Latin American travel company Despegar.com began trading today. We chat with Tuttle about Alibaba-backed Best and why the company slashed its IPO price before its debut. W...
-
Why Actors Love Working for Streaming...
Earlier this month, HBO debuted its new series, "The Deuce," and it's already been renewed for a second season on the network. The series chronicles the porn industry's rise in 1970's New York City, and is executive produced by members of the team responsible for "The Wire." Kim Director, actress...
-
Why the 2010 Championship Is Extra Sp...
Former NBA champion Derek Fisher made his debut on ABC's hit show, "Dancing with the Stars," on Monday. While athleticism helps sports stars take to the dance floor, Fisher says learning the dance routine is "like learning to walk again." So is training for the dance show more difficult than pro ...
