Amazon and Walmart-owned Flipkart are pushing back on a tax that the Indian government is proposing to impose on online sellers, according to Reuters. The battle over a potential 1% tax on sellers on the platforms highlights a challenge for Amazon in the company’s most important international market, where it has pledged to invest billions of dollars. Last year, Amazon’s business in India was ...
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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates

We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results. Investors such as Altimeter Capital, which last fall called on Meta to streamline, will be happy. It’s just a pity that Meta, like much of big tech, appears to have...
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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
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