How not to run a $2T company Nu Skin Accelerate
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Posted On: 11/21/2021 11:01:19 AM
How not to run a $2T company
Nu Skin Accelerates Social Commerce Capabilities with the Acquisition of Mavely Nov 10, 2021, 07:00 ET
https://www.prnewswire.com/news-releases/nu-s...20856.html
Mavely's proprietary technology will help Nu Skin accelerate its growth in the global social commerce market expected to reach nearly $3.4 trillion by 2028 .*
That would be something since their revenue in Q3 was $641.2 million
"In the coming year, Nu Skin plans to introduce new digital tool s to help the company's global brand affiliates expand their reach across social platforms as they share and sell Nu Skin products through a personally curated storefront that provides consumers with an improved shopping experience."
Good thing they said tools plural is you are not going to get to $3.4 trillion with just Mavely.
Mavely has 1000+ downloads on Google Play
https://play.google.com/store/apps/details?id...ly_website
Ain't got no rocket fuel either
"Mavely has raised a total of $1M in funding over 1 round. This was a Seed round raised on Aug 21, 2019."
Not looking good. Nu Skin probably picked them up for next to nothing
Nuskin has a back office app with 500,000+ downloads on Google Play. So likely 1M+ downloads when you add in apple.
But, but, but their sales app, Nu Skin Connect only has 1000+ downloads.
I don't know when they launched it, but that isn't a lot for a company with 100s of 1000s of sales reps
So what does the app do?
https://www.nuskin.com/en_US/home/crm/why-crm...tures.html
Not much
They may want to give Verb a call
Or maybe they have something in the works already?
Nu Skin Accelerates Social Commerce Capabilities with the Acquisition of Mavely Nov 10, 2021, 07:00 ET
https://www.prnewswire.com/news-releases/nu-s...20856.html
Mavely's proprietary technology will help Nu Skin accelerate its growth in the global social commerce market expected to reach nearly $3.4 trillion by 2028 .*
That would be something since their revenue in Q3 was $641.2 million
"In the coming year, Nu Skin plans to introduce new digital tool s to help the company's global brand affiliates expand their reach across social platforms as they share and sell Nu Skin products through a personally curated storefront that provides consumers with an improved shopping experience."
Good thing they said tools plural is you are not going to get to $3.4 trillion with just Mavely.
Mavely has 1000+ downloads on Google Play
https://play.google.com/store/apps/details?id...ly_website
Ain't got no rocket fuel either
"Mavely has raised a total of $1M in funding over 1 round. This was a Seed round raised on Aug 21, 2019."
Not looking good. Nu Skin probably picked them up for next to nothing
Nuskin has a back office app with 500,000+ downloads on Google Play. So likely 1M+ downloads when you add in apple.
But, but, but their sales app, Nu Skin Connect only has 1000+ downloads.
I don't know when they launched it, but that isn't a lot for a company with 100s of 1000s of sales reps
So what does the app do?
https://www.nuskin.com/en_US/home/crm/why-crm...tures.html
Not much
They may want to give Verb a call
Or maybe they have something in the works already?
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(0)Verb Technology Company, Inc (VERB) Stock Research Links
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