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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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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. 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