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Walmart’s Ecommerce Business Expected to Lose More Than $1 Billion This Year

Walmart is expecting to lose more than $1 billion on its U.S. ecommerce business this year, according to Vox, on an anticipated $21 billion to $22 billion in revenue.  That means ecommerce still accounts for a single-digit percentage of the company’s overall U.S. revenue, based on Walmart’s most recent fiscal year. Walmart three years ago made a big bet on Marc Lore when it purchased his startup...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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