Walmart disappointed investors when its digital sales grew just 6% in the second quarter. The e-commerce business is a key piece of Walmart’s future growth, and it’s falling further behind its bigger competitor, Amazon.com.
But a small slice of Walmart’s … Read the rest
Walmart Inc-controlled Indian e-commerce firm Flipkart said on Thursday it was partially spinning off PhonePe in a move aimed at widening the digital payments platform’s access to capital to fuel its growth. PhonePe will raise $700 million in primary capital, … Read the rest
What, it’s OK for ginned up investors to heap praise upon money losing IPOs such as Crowdstrike (CRWD), Fiverr (FVRR) and Beyond Meat (BYND) and yet come out firing against the nicely profitable retailer … Read the rest