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Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

A few days before reporting Q2 earnings, Wish also announced plans to cut approximately 34% of its workforce, or about 255 employees, in order to “refocus the company’s operations.” The trade-off is long shipping times, another thing Wish is working hard to improve. Reducing shopping and shipping friction.

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Amazon’s Q2 revenues beat expectations

Mass Relators

billion included in non-operating expenses from the company’s common stock investment in Rivian Automotive Inc. Operating income is expected to be between $0 and $3.5 That compares to net income of $7.8 billion in last year’s second quarter. billion and $130.0 billion, compared with $4.9