Read the memo Singapore billionaire Forrest Li sent to employees of Shopee, the Amazon of Southeast Asia, as the company’s losses widen and it prepares for layoffs

Shopee was founded in 2015 in seven markets across Southeast Asia and has since expanded operations into 13 markets total. NurPhoto / Contributor / Getty images A 1,000-word internal staff memo outlines Shopee's 12-18-month plan to achieve self-sufficiency. The company's executive team will temporarily forgo cash compensation, per the memo. Once the darling of the […]

After 2 Losses, Priority Pass Adds a New Restaurant at LAX

After 2 Losses, Priority Pass Adds a New Restaurant at LAX Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site […]

Joanna Jedrzejczyk outraged after question about Muay Thai losses to Valentina Shevchenko (VIDEO)

While UFC’s former strawweight champion Joanna Jedrzejczyk says she is ‘totally open’ to fight Valentina Shevchenko in the octagon, she gave quite the reaction when asked about her Muay Thai bouts with ‘The Bullet’. Polish MMA star Jedrzejczyk, who was in Moscow to attend the UFC’s debut event in Russia as a special guest, spoke […]

Uber narrows quarterly losses, still a long way from profit

(Reuters) — Uber Technologies said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019. Under the leadership of Dara Khosrowshahi, who became chief executive in September, Uber has juggled […]

Tribune ends Sinclair merger bid and files suit over losses

Today, Tribune Media announced that it is no longer interested in Sinclair’s $ 3.9 billion takeover. Furthermore, the company is filing suit against Sinclair for breach of contract, which asks for compensation for all of Tribune’s losses as a result of the breach. Sinclair wanted to purchase Tribune Media’s 42 stations in 33 markets, but […]