Economy · Full coverage
Oren Holtzman’s Beauty Bet Made Him a Billionaire, Then an Algorithm Shock Hit ODDITY
How 3 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Globes · Jun 14, 2026
What happened
Oren Holtzman turned a debt-laden Israeli cosmetics company into ODDITY, a Nasdaq-listed beauty tech group that once reached a $4.3 billion valuation. The stock has since fallen 86% after a disruption at its main advertising partner hit customer acquisition costs and revenue. Holtzman says the company expects to fix the technical problem and restore growth.
- 01Holtzman bought Il Makiage in 2013 for 12 million shekels.
- 02ODDITY later reached a $4.3 billion valuation after its Nasdaq listing.
- 03The stock has crashed 86% after an ad-partner algorithm disruption.
- 04ODDITY withheld full-year guidance after customer acquisition costs spiked.
- 05Holtzman says the company expects to fix the technical issue.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 3 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
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