Home > Brands > Kogan > Kogan Turns To Twitter Instead Of ASX

Kogan Turns To Twitter Instead Of ASX

Yesterday, Ruslan Kogan, the CEO of Kogan.com, turned to Twitter to make a trading update about the online sales figures of recently acquired furniture company Matt Blatt.

Traditionally, such updates are usually posted on the ASX.

Kogan tweeted: “Yesterday was a record day of online sales in the entire history of Matt Blatt. Over $100k and 450% up on the first full day in May. So proud of our team for this incredible turnaround and execution. Matt Blatt now has over 100k+ products and we’re just getting started.”

Kogan.com acquired the Australian, family-run furniture company Matt Blatt for $4.4 million in May.

Following Kogan’s tweet, Kogan.com’s share price rose 2%, though this may not be the tied to the Matt Blatt announcement.

Kogan.com’s share price has increased significantly since the COVID-19 crisis, up approximately 363% since March.

In June the company reported year-on-year growth of 100% in April and May. That same month Kogan.com announced it had successfully raised $100 million.

As of 11.20am today, Kogan’s share price was down 0.3% at $17.32.

You may also like
Kogan Crashes, AS Ruslan Ducks For Cover Behind A Mountain Of Problems
Scaling Problems See Kogan.com Shares Tumble On ASX
Aus Post Teams Up With BigCommerce For Shipping
CBA Partners With BigCommerce To Help Create Online Stores
Amazon Expected To Outweigh Walmart By 2025