Oyo, an India-based hotel startup backed by SoftBank, saw its losses widen to $335 million from about $50 million in its 2019 fiscal year, which ended last March, Reuters reported, citing company filings that were just made available. Oyo said the losses were due to its overseas expansion in China and elsewhere overseas, Reuters said. Oyo’s revenue, meanwhile, rose to $951 million from $211...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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