Paypal laid off 83 employees last month, the company said in a filing. The layoffs affected employees at the digital payment giant’s San Jose office and went into effect on April 13, according to the filing. The company employed a total of 30,900 people globally as of December, approximately 13,100 of whom were in the US. The layoffs come amid a downturn in the growth of e-commerce across the...
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What Poshmark’s Discounted Sale to South Korea’s Naver Tells Us
News tonight that Poshmark is selling itself to South Korea’s Naver, for just $1.2 billion—less than half Poshmark’s value when it went public early last year—signals that it’s not just private equity folks taking advantage of the stock market slump to shop for more reasonably-priced companies. Naver proclaims itself as South Korea’s biggest internet firm and promises that its search and AI...
U.S. Could Announce New Curbs on AI Exports to China This Week
South Korea’s Naver to Buy Poshmark for $1.2 Billion
Kim Kardashian Pays $1.26 Million to Settle SEC Cryptocurrency Charges
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