YouTube is buying Indian video and shopping app Simsim, a sign of Google’s ongoing efforts to integrate ecommerce into its services. On Simsim, people post video reviews of products in three languages, and viewers can purchase items directly through the app. Simsim gives reviewers a commission for items they sell. YouTube’s owner Google said in a blog post that Simsim would continue to...
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Instacart’s Bleak Second-Half Outlook: Slower Growth, Lower Profits
Instacart’s first couple of quarters on the public markets could come with slower revenue growth and lower profits than it reported in the first half, according to private forecasts from analysts at banks that underwrote Instacart’s initial public offering this month. The low expectations could further dent Instacart’s stock price, which has still been hovering around its IPO...
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