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MARC LORE
Cooking up a deal: DoorDash's Europe push is fraught with challengesDoorDash is making a significant push into Europe with the $3.9 billion acquisition of Deliveroo, expanding its reach to 40 countries. Mean...- Food delivery company Grubhub to cut 500 jobsAs of 2024, Grubhub had more than 2,200 full-time employees. The layoffs represent more than 20% of the company's workforce. Earlier, Grubh...
- ‘How To Train Your Dragon’ live-action adaptation: All you need to knowUniversal is looking to come up with a live-action adaptation of How to Train Your Dragon. Mason Thames and Nico Parker will play lead role...
- How Walmart is getting ready for a bruising battle with Amazon in IndiaThe retail giant, which is facing the heat from aggressive Amazon on the home front, is paying the price for its late awakening in e-commer...
- Walmart plans to fill online orders with help from robots at some U.S. storesThe robots will work behind the scenes, picking frozen and refrigerated foods as well as smaller general merchandise items from inside the ...
- Walmart's e-commerce chief resigns after nearly 5 yearsMarc Lore, who served as CEO of Walmart's e-commerce division, joined the company in September 2016 when Walmart bought Jet.com, an e-comme...
- Is it lockdown for startups?With Covid-19 and automation, GoI’s one-time employment darlings could become prodigal liabilities.
- Flying cars, Hyperloops and the other 2020 tech predictions that didn’t pan outIn 2013, Elon Musk outlined his vision for a new “fifth mode of transportation” that would involve zipping people through tubes at speeds a...
- Wanted: CEO for Walmart 'Stealth Company' that doesn't exist yetThe world’s largest retailer has posted an opening for a “CEO, Stealth Company” who would lead the latest startup housed inside its technol...
- Walmart is right on Flipkart despite investor ire: Sarah HalzackAnd by making this investment in Flipkart, Walmart played some indirect defense against Amazon, which was reportedly kicking the tires on a...
- WalMart adds 86% of Flipkart to wishlist“Wal-Mart’s final shareholding is likely to end up more close to 51% than 86%,” according to one of the sources mentioned above, saying tha...
- Walmart-Flipkart link may include a retail chain in IndiaThe retail giant is negotiating to buy more than a 30% stake in Flipkart as it seeks to open another global front in its battle against Ama...
- Walmart may double Flipkart valuation to $20 billion for a big stakeAt present, SoftBank is the largest shareholder in Flipkart with a 23.6% stake, followed by Tiger Global with 20.5% and Naspers with 13%. F...
- Walmart in talks to buy a significant minority stake in FlipkartIf a deal takes place, Walmart may acquire a 15-20% stake in Flipkart, allowing them to combine synergies to compete with Amazon in India.
- Wal-Mart asks employees to deliver packages on their way homeWal-Mart is tapping into its 4,700 US stores and more than a million retail employees as it seeks to redefine itself in an age of ecommerce...
- Wal-Mart looks at online presence, Amazon considers offline storesAmazon.com is going to have a significant brick-and-mortar presence. The only remaining question is when and how.
- The accidental millionaire in Jet.com's sale to Wal-MartThe cash-and-stock sale to Wal-Mart could have boosted that since Jet's private valuation was pegged at around $1.5 billion last November, ...
- Jet.com deal with Wal-Mart hinges on keeping founderThe deal combines Jet’s proprietary technology, customer data and Lore’s e-commerce know-how with Wal-Mart’s extensive supplier relationshi...
- Game of big buys: Four deals that never turned into realityFor big corporations, race for acquisitions is a `win some, lose some' proposition & as winners make headlines, the misses bring the intrig...
- 14 global startups that are likely to make it big in 2015Marc Lore, formerly the CEO of Quidsi is working on unveiling a new e-commerce website called Jet, which is rumored to be an Amazon-killer.
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