In a surprising turn of events, Wish, the once-valued $14 billion e-commerce platform, has recently announced its acquisition by Singapore’s Qoo10 for a mere $173 million in cash. This staggering decrease in value highlights the challenges faced by e-commerce companies in maintaining sustainable growth. Founded in 2010 and based in San Francisco, Wish gained popularity
0 Comments
In a surprising move, the Pittsburgh Steelers have released quarterback Mitch Trubisky, just a year after signing him to a two-year extension. This decision leaves 2022 first-round pick Kenny Picket as the sole quarterback on the Steelers’ roster for the upcoming season. While Trubisky’s departure may raise eyebrows, it provides an opportunity for Pickett to
0 Comments
The stock market began the week on a positive note, following last week’s strong performance. Both the S&P 500 and Dow Jones Industrial Average reached new all-time highs, signaling optimism among investors. The broad market index was up 0.3%, while the Dow gained 195 points, or 0.5%. The Nasdaq Composite also saw a 0.3% increase.
0 Comments