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Groupon’s CFO Resigns To Pursue Other Opportunity

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The Chicago-based company revealed that CFO Michael Randolfi, who has been with the company since 2016, is resigning, effective Friday (Aug. The CFO was more than just a CFO,” said Tom Forte, a senior research analyst at D.A. His departure from the company is a significant loss.”. Gross profit decreased to $292.1

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

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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

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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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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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PayPal’s Rainey: CFOs Must Focus On Customers (Not Just Cash Flow) Amid Great Digital Shift

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“The uplift that we saw, and the trends around eCommerce are staying high … it just shows that people are moving to the online world,” he said, even for people who had not embraced eCommerce much if at all. And you might be surprised to find that at least some people have been slow to jump to eCommerce. said Rainey.

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Shipping Company XPO Refinances $1B After Amazon Pulls Business

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XPO Logistics, one of the world’s largest transportation and warehouse operation companies, is looking for a buyer for $1 billion worth of bonds to refinance its debt following the loss of its biggest customer, which Wall Street analysts say is Amazon. XPO plans to use the bonds to pay back creditors through a credit agreement, and the 5.5-year

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Walmart Seals The Deal With Flipkart For $16 Billion

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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. It’s typical of a business like this that, as you scale up, you will have losses. What the Deal Will Mean. is known for. “As