Walmart’s India e-commerce app Flipkart will spinoff its payments platform PhonePe as it battles for market share against Google and Paytm. The Indian e-commerce company’s payments platform will raise $700 million from its existing shareholders, giving PhonePe a valuation of $5.5 billion. Amazon and Facebook are also eyeing India’s fast-growing digital payments market, as e-commerce grows...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company
Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
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