Flip acquires Curated for $330 Million in Stock to reshape social commerce
07/09/24, 12:57 PM
Location
los angelessan franciscoIndustry
social media
Flip, the fast-growing social commerce platform, has announced its acquisition of Curated, the leading marketplace that connects consumers with verified experts for personalized advice on high-value purchases, for $330 million in stock. This strategic deal cements Flip's position as the leader in social commerce, emphasizing authentic human interaction and high-quality products. The acquisition is projected to more than double last year’s combined revenues, and Curated will operate independently with continued investment to grow the platform.
Company Info
Location
Los Angeles, California, United States
Company info
Flip is building the next-generation shopping social network for people to shop through other people. With a growing community of shoppers sharing video reviews of products they've purchased on the platform, buyers can discover products through 60 second videos of user-generated content that is instantly shoppable with a one-click checkout and same day shipping. Every shopper can then become a creator by sharing their own reviews and monetizing their content.