Tag Archives: walmart

Amazon and Walmart have suffered market cap hits, as well as substantially lower revenue and profit growth projections thanks to an ill-conceived and politically opportunistic move by the Indian government.

Josh Dzieza / The Verge : Days after saying it is reconsidering plans for a Wisconsin plant, Foxconn now says the plan is back on after its Chairman's “personal conversation” with Trump   —  At some point  —  Days after Foxconn's Louis Woo told Reuters that the company is no longer planning to build …

Vlad Savov / The Verge : Huawei's Mobile World Congress invite hints that the company will show off a foldable 5G smartphone on February 24   —  Whether gimmicky or great, foldable devices will get their time in the spotlight this year  —  Mobile World Congress in Barcelona is traditionally the year's biggest show …

Alison Griswold / Quartz : Amazon says it got 850k applications for hourly US jobs in Oct. 2018 after announcing its $15 minimum wage, more than doubling its previous monthly record   —  One of the most important takeaways from Amazon's 2018 fourth-quarter and full-year earnings report, released Jan. 31, had little to do with the usual financial results.

Ian Cutress / AnandTech : Extensive review of Intel's Xeon W-3175X CPU, which has 28 cores and costs $2,999: compares favorably to higher-priced CPUs and is priced reasonably   —  Intel has always ensured that its high-end server platforms, one where multiple CPUs can act as a single system, have the highest core count processors.

Jon Russell / TechCrunch : Go-Jek confirms first close of its Series F round, sources say it raised around $920M at $9.5B valuation; Go-Jek is planning to raise $2B total for the round   —  Go-Jek, the Indonesia-based ride-hailing company that is challenging Grab in Southeast Asia, has announced the first close of its Series F round …

Vindu Goel / New York Times : 400K+ items, making up ~1/3 of Amazon's ~$6B in annual sales in India, likely to disappear from Amazon India, while it works to meet new compliance rules   —  NEW DELHI — On Friday, Indian consumers will wake up to an emptier, more expensive version of Amazon's shopping service.

Vindu Goel / New York Times : 400K+ items, making up about a third of Amazon's ~$6B in annual sales in India, may disappear from Amazon India, while it works to meet new compliance rules   —  NEW DELHI — On Friday, Indian consumers will wake up to an emptier, more expensive version of Amazon's shopping service.

Josh Constine / TechCrunch : A breakdown of an internal memo in which Facebook details distribution and onboarding for its Research app, and defends its data collection methods, disclosures   —  Early this morning, we received agreement from Apple to issue a new enterprise certificate; this has allowed us to produce …

Chance Miller / 9to5Mac : Facebook says Apple has restored its access to enterprise certificates, bringing internal apps back online   —  Update: In a leaked memo obtained by Business Insider, Facebook continues to defend its Research app, as well as its decision to distribute it via enterprise certificates.  Read the details below.

Josh Constine / TechCrunch : Kleiner Perkins says it has raised a $600M fund, its first since the departure of Mary Meeker, focusing on seed, Series A, and Series B financings   —  “KP used to be a small team doing hands-on company building.  We're moving away from being this institution with multiple products …

Spencer Soper / Bloomberg : Amazon reports Q4 “other” revenue, which is mostly comprised of its advertising services, hit $3.39B, up 95% YoY   —  Amazon.com Inc.'s sales and earnings in the busy holiday quarter beat analysts' estimates, showing the world's biggest web retailer can maintain rapid growth …

Under pressure from small merchants, the Indian government is prohibiting Amazon and Walmart from selling products on their own sites.

Southern Poverty Law Center : Gab remains financially viable due to the Jobs Act of 2012, which has allowed it to raise $2M from two crowdfunding rounds handled by online broker StartEngine   —  Three months after a man radicalized on Gab.com killed 11 Jews in a Pittsburgh synagogue, the social media website that has become …

Billy Perrigo / TIME : Researchers say India's political parties are using armies of volunteers to spread misinformation and hate speech via WhatsApp group chats ahead of elections   —  On Monday, in an effort to stop the spread of fake news, WhatsApp announced that users around the world would only be allowed …