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Unicorn Tracker: Flipkart Looks to Lower Cash Burn?

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The news came late this week that Flipkart , India’s eCommerce giant, had been written down by two U.S. As reported by India’s Economic Times , the markdowns from Valic and Fidelity made public in two regulatory filings mean that at least some holders think Flipkart is worth less than it was before. funds holding shares in the firm.

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Big Fizzles For Once High-Flying Unicorn Investors

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billion rescue, and also said it had taken its valuation of the beleaguered workspace company down by 80 percent, to around $5 billion at the end of the most recent quarter. That’s a far cry from January of this year, when WeWork raised $1 billion in a funding round (that included SoftBank ) and its implied valuation was $47 billion.

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Mind The Brexit Gap In Clarity, Please

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is impacting everything from eCommerce sales to the value of the nation’s biggest financial institutions. But what he’s found to be the most interesting in talking to who’s on the ground, is the differences in how people voted based on their age or economic status. s decision to say “see ya” to the E.U. is yet to be seen.

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Payments’ Stranger Things

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But not because the fundamentals of its eCommerce business are strong and getting stronger. In fact, Overstock CEO Patrick Byrne has said publicly he’d like to sell the eCommerce business. Even Overstock — among the first, if not the first, to accept bitcoin as a payments currency on its site — reports that a measly 0.25

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