Value Village’s rich valuation. The private equity firm that owns the Saver’s Value Village brand has valued the company at US$2.7 billion and will sell shares of the company to the public for $15 to $17. Revenue for the largest thrift retailer in North America hit nearly US$1.5 billion in 2022 and is projected to grow. Should we credit Macklemore or rampant inflation for the thriving thrift economy? 

Rose Rocket takes off. The Toronto-based transportation management system (TMS) developer raised $38 million in a round of Series B funding, bringing the total amount raised to $69 million. The company streamlines the trucking and transportation industry by bringing shippers, carriers and brokers on the same online platform instead of the antiquated systems that create communication lags. 

Spotify stocks surge. An analyst at Wolfe Research upgraded Spotify shares, projecting that the streaming service will continue to see revenue growth from increased users—the company saw its most significant first-quarter growth this year. It’s also cutting costs through layoffs and restructuring. It has also cut ties with expensive media personalities like podcast duds Harry and Meaghan.