Shares of Groupon, the faded ecommerce superstar of years ago, are hitting new lows on Wednesday after the company said it would get out of the business of selling merchandise on its service. Instead Groupon will focus on offering “local experiences” such as events, food and drink and cars. Groupon’s stock fell 43% on the news, to around $1.72, giving the company a market capitalization of $982...
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The Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
Amazon Fresh Hikes Grocery Delivery Fees
Shopify CTO Departs Following Layoffs of Technical Leaders
Bankrupt Online Wine Seller Winc Finds Buyer For Assets
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