Tag: e-commerce
Top VCs discuss how COVID-19 is impacting robotics
In the space of several weeks, COVID-19 has transformed countless industries and will continue to do so in ways we can only imagine. The pandemic has also spurred many to find new ways to work and keep society moving amid physical distancing, stay-at-home orders and mass hospitalizations. For years, robotics…
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Unpacking why Wayfair’s stock popped 23.7% today
In the midst of the day’s news chaos both political and business-oriented, you might have missed Wayfair’s big moment: In regular trading today, shares of the online home goods retailer shot 23% higher. It was an eye-catching gain during a period when the domestic economy is troubled, unemployment is rising and…
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Why COVID-19 could delay Interswitch, Africa’s next big IPO
The economic effects of COVID-19 could delay Africa’s next big IPO — that of Nigerian fintech unicorn Interswitch. If so, it wouldn’t be the first time the Lagos-based payments company’s plans for going public were postponed; the tech world has been anticipating Interswitch’s stock market debut since 2016. For the…
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Amazon VP quits over company firing COVID-19 whistleblowers
Amazon’s recent firings of labor critics have prompted dissent among its upper ranks. AWS vice president Tim Bray has quit the company (via The Verge) over what he sees as an attempt to punish whistleblowers worried about inadequate COVID-19 protecti… Source
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Africa Roundup: Visa connects to M-Pesa, Flutterwave enters e-commerce
It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in that country. When COVID-19 hit the East African nation of 53 million in March, the Kenyan Central Bank turned to…
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US lawmakers ask Jeff Bezos to testify about Amazon’s alleged data abuse
Following a recent Wall Street Journal report on Amazon's use of third-party seller data, the House Judiciary Committee has called on Jeff Bezos to testify before Congress. In a letter signed by a bipartisan group made up of four Democrats and three… Source
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