​​🇮🇳 Why Walmart bought Flipkart

On Wednesday, #Walmart said it planned to acquire a 77 percent stake in India’s #Flipkart for $16 billion, marking the beginning of its first real battle with #Amazon in an emerging market. Wall Street investors did not react favorably to the move, sending Walmart shares down as much as 4 percent during the day.

🚀 @PerspectiveIX
📖 via RECODE: https://prs.pctvix.co/2rzWDob

Tech, Media, and Business News Headlines — Day 3


👉 #Intel is in talks to acquire #Moovit for ~$1B (link)


👉 #Uber to require masks or face coverings for drivers and passengers in certain markets (link)


👉 Security lapse at #India’s #Jio exposed #coronavirus symptom checker results (link)


👉 #Amazon, #Flipkart, #Ola and #Uber begin to resume their services in #India (link)


👉 #UberEats exits seven markets (link)


👉 The 13-inch #MacBook Pro gets #Apple’s much-improved keyboard (link)


👉 Poynter Institute’s International Fact-Checking Network launches chatbot on #WhatsApp to debunk thousands of #coronavirus-related hoaxes (link)



📰 @iXDaily by @PerspectiveIX
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