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Paytm’s Long Walk To Profitability 

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Paytm is perhaps the largest and best-known domestic name in mobile payments in India, but it continues to struggle on the path to profitability. As of its last earnings report, Paytm’s parent firm One97 reported a veritable explosion in losses over the last year, largely driven by the increasing cost of doing business.

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Amazon Logs A Small Australian Loss

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Amazon’s early days in Australia are not all smooth sailing as the eCommerce giant seeks to gain a foothold down under. According to official filings, Amazon posted a slight loss in its early Australian days. Amazon is forecasting a powerful fall season in terms of sales for its global operations and posted $2.5

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

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forecast pre-release. For the quarter to come, Amazon is forecasting net sales to come in between $75 billion and $81 billion, which would put its year-on-year growth between 18 percent and 28 percent. That pick-up, however, will be offset largely by an operating loss range of $1.5 Amazon clocked in with earnings of $5.01

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Holiday Spending Drives Pinterest’s Revenue Over $1B

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As Pinterest wagered on eCommerce, the social media platform’s revenue surpassed the $1 billion threshold last year. billion this year, which would be above analyst forecasts of $1.47 Investments have powered the company’s growth in users and revenue, but have also contributed to losses. billion loss or $3.24

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Amazon To Enter India’s Food Delivery Space

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The eCommerce merchant is forecasted to test its on-demand food effort in Bengaluru, livemint reported. Amazon is forecasted to provide the offering as part of Amazon Fresh or Prime Now. Amazon India’s food delivery system is currently only available to workers. percent business stake.

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Casper Expects IPO Valuation To Fall Far Lower Than $1B

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eCommerce mattress merchant Casper Sleep Inc. forecasts that its initial public offering (IPO) valuation will be far under the approximate $1 billion it had for its most recent funding. Public market investors have historically expected firms to make a profit within around 18 months of an offering. million in 2018 and $73.4

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Walmart Shares Up Across The Board On Big Earnings Beats

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The planet’s largest retailer by sales crushed their way through Q2, with bigger than expected gains in revenue, earnings, same-store sales and eCommerce sales than analysts were predicting before the numbers hit the wires. percent to $128 billion, ahead of analyst forecasts of $125.9 All-in revenue jumped up 3.8