Tag: Letgo


Turkish real estate competition moves on air

Turkish real estate competition moves on air

In  Turkey, competition between the country’s leading real estate verticals seems to be intensifying. While Hurriyetemlak.com, Zingat.com, and Emlakjet.com regularly compete for online and outdoor advertising space, they’ve recently taken their fight to television.  Hurriyetemlak.com leads the pack with the most traffic and listings. The site saw an average of just under 15 million visitors a month over the last six months, according to SimilarWeb, and...

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Wallapop lost millions in 2015, report claims

Wallapop lost millions in 2015, report claims

Spanish marketplace app Wallapop lost €62 million in 2015, according to digital business news site Kippel01. The report, by Kippel01 director Amelia Pijuán, offers a rare glimpse into the finances of the company, which has consistently refused to discuss financial matters. The report claimed that Wallapop lost €62 million ($77 million U.S.) in 2015, compared to €249,000 ($309,000 U.S.) the year before. The figures are based...

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OLX boss: ‘Agile startups keep me awake’

OLX boss: ‘Agile startups keep me awake’

On the margins of the World Economic Forum in Davos, Switzerland this week, Martin Scheepbouwer, CEO of OLX Group, said the shift in the way younger consumers view stuff poses an opportunity and a threat to the classified giant. In a podcast with South African news site BizNews.com, Scheepbouwer (LinkedIn profile) said 18- to 30- year-olds are more open to selling off secondhand possessions than...

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LetGo now lists real estate in the U.S.

LetGo now lists real estate in the U.S.

Classifieds app LetGo now includes real estate listings in the U.S. It’s the first time the startup has extended its categories beyond used stuff, and the move positions it as a stronger competitor to Craigslist and Facebook Marketplace. LetGo users can now snap a photo and post homes for sale or rent via the app – these appear in the “Home and Garden” category. Real...

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LetGo closing ‘in one small country’

LetGo closing ‘in one small country’

We got wind of a notice posted on a French news feed the other day that c-to-c classifieds app LetGo was closing. “LetGo will close soon! “Finalize your sales before the app closes for good in two weeks,” it read. We didn’t believe it – and the real story turns out to be mini-news. LetGo’s not going away. “As you know, LetGo operates in several...

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Naspers: OLX Group profitable in H1

It’s been a long time coming: the classifieds subsidiary of Naspers (JSE: NPN), namely OLX Group, finally turned a profit in H1, the company reported today in its financial results for the six months to end-September. Excluding the start-up app LetGo, OLX Group trading profits were $55 million U.S. for the 6-month period, up from -$28 million U.S. in H1 of the previous financial year....

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