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Rakuten Dumps $1.4B In Tech Holdings, Including Pinterest Stake

PYMNTS

Rakuten , the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. Rakuten’s sales come on the heels of its operating loss of 40 billion yen, or $360 million, last quarter.

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Rakuten Dumps $1.4B In Tech Holdings Including Pinterest Stake

PYMNTS

Rakuten , the Japanese eCommerce conglomerate, has sold billions of dollars’ worth in shares, including the entirety of its stake in Pinterest. Rakuten’s sales come on the heels of its operating loss of 40 billion yen, or $360 million, last quarter.

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Amazon Expects To Expend All Of Q2’s Profit Fighting COVID-19

PYMNTS

In his remarks to investors after the statement went public, CFO Brian Olsavsky told investors that by the end of 2020, Amazon expects to have spent a full $1 billion on COVID-19 testing alone. That pick-up, however, will be offset largely by an operating loss range of $1.5 billion to an operating income of $1.5

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GameStop Will Continue Closing Stores Amid Customer Pivot To Digital

PYMNTS

GameStop said on an earnings call that it’s going to close somewhere between 180 and 200 stores in an effort to expand its profitability, which has been dwindling in the digital age as customers buy fewer physical copies of games, according to a report by CNBC. 10) after the company reported the losses.

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21 Income Producing Assets (Best Cash Flow Options 2022)

CFO News Room

These people have income-producing assets spinning off profits or dividends, and they use those funds to pay for their bills and lifestyle. Dividend stocks are also issued by the most profitable companies, so they are seen as less risky. Your investment is placed into commercial and residential real estate developments.

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Q3 Ad-Buying Rebound Bodes Well For Holiday Sales

PYMNTS

Are media buyers burning through budgets at the last minute just to preserve them for a better shot next year, or will the ad rebound collectively help recoup 2020 losses with holiday sales? billion, while profits jumped 29 percent to $7.84 billion in revenue and profits of $5.53 Google parent Alphabet Inc.

Sales 70
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Walmart Seals The Deal With Flipkart For $16 Billion

PYMNTS

After much speculation – and a fair amount of “will they, won’t they” – it looks like the deal is done: Walmart will be the majority owner of Indian eCommerce up-and-comer Flipkart, with a 77 percent stake. All it will cost them is a cool $16 billion. What the Deal Will Mean. is known for. “As