North America’s Oldest Firm Meets Its End. Some Argue Its Fate Was Avoidable In a surprising turn of events, Hudson’s Bay Co. ULC, North America’s oldest company, is facing its end. The company, which had previously announced plans to save six of its 96 stores from liquidation, including its iconic flagship store, has now decided […]
Zalando Says Differs From Other Online Platforms, EU Tech Rules Should Not Apply
Zalando: Standing Out Among Online Platforms and Advocating Against EU Tech Regulations Zalando, the European e-commerce giant, has voiced its concerns over the European Union’s tech regulations, specifically the Digital Services Act. The company made a bold statement, asserting that it differs significantly from other online platforms like Amazon and AliExpress, and therefore should not […]
Inside Coupang’s Tug of War With Farfetch
Inside Coupang’s Tug of War With Farfetch Coupang, the South Korean e-commerce powerhouse, has been locked in a fierce battle with luxury e-tailer Farfetch since acquiring it a year ago. The acquisition was intended to revamp Farfetch’s operations and drive it towards profitability. Recent reports indicate that Coupang’s efforts are indeed yielding results, with Farfetch […]
OpenAI Secures $500 Million Investment from Japanese Telecom Giant
OpenAI has recently made significant strides in its financial landscape by securing a massive investment of $500 million from SoftBank’s Vision Fund. This move signifies a pivotal moment for OpenAI, which has been at the forefront of artificial intelligence innovation. While the exact details surrounding the investment remain somewhat obscured due to SoftBank’s silence on […]